According to a market report by Lucintel, the future of the global industrial fermentation chemical market looks promising with opportunities in the industrial, food & beverage, nutritional and pharmaceutical, and plastic & fiber markets. The global industrial fermentation chemical market is expected to reach an estimated $92.2 billion by 2030 from $65.7 billion in 2023,at a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising demand for bio-based feedstock and growing demand for various organic acids from fiber as well as plastic manufacturing makers.
A more than 150-page report to understand trends, opportunity and forecast in industrial fermentation chemical market to 2030 by product type (alcohol, enzyme, organic acid, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World).
Within this market, alcohol will remain the largest segment due to growing utilization of alternative energy sources and biofuels based on alcohol.
North America will remain the largest region over the forecast period due to significant use of fermentation to produce a wide variety of specialty chemicals, including enzymes, organic acids, and biopolymers in the region.
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BASF, Novozymes, DuPont Danisco, DSM, Amano Enzymes, Dow, ADMare the major suppliers in the industrial fermentation chemical market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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