Fermentation Chemicals: A Global Strategic Business Report
San Jose, California (PRWEB) March 02, 2012
Follow us on LinkedIn – Fermentation process involves large scale cultivation of bacteria or fungi that transform renewable raw materials into chemicals. Key factors that advocate the use of fermentation process as compared to other processes include lesser consumption of solvents, reagents and power for manufacturing chemicals. Growth in the market for fermentation chemicals is favored by development of new products and applications. As the market comprises a wide range of chemicals with their usage spread across several industries, the effect of recession has been different across each segment. Though the enzyme market witnessed stable growth in recent years, the growth trend varied across the end-use markets. The segment witnessed erosion in sales across food and animal feed markets, while the detergent and technical enzymes markets witnessed marginal growth. Global ethanol market registered a decline owing to reduced demand and higher price as compared to gasoline, which resulted in cutback on discretionary blending of ethanol with gasoline fuel. In Brazil, the second largest producer of ethanol, the market suffered on account of tight credit supply, thereby affecting expansion plans.
As stated by the new market research report on Fermentation Chemicals, the US represents the largest market for Fermentation Chemicals, while Asia-Pacific and Latin America represent the fastest growing markets. With about 700 odd companies and hundreds of other small companies, China has become a major manufacturing hub for biotech industry that includes amino acids, methionine, citric acid, and various other fermentation chemicals. Among the segments analyzed, ethanol represents the fastest emerging fermentation chemical, replacing MTBE from the gasoline category. Eco-friendliness, cost-efficiency, and the ability to meet existing regulations are the major factors propelling the demand for ethanol. The global citric acid market is predominated by the US and Western Europe, with China emerging as a major consumer in recent years. Demand for vitamins continues to stem from the Food and Beverages industry. Future demand for industrial applications of lactic acid, its esters and salts are likely to emanate from lactate solvents and lactic acid based biodegradable polymers.
Major global and regional players profiled in the report include AB Enzymes, Ajinomoto Company Inc., Amano Enzyme Inc., Amino GmbH, Asahi Kasei Corporation, Archer-Daniels-Midland Company, BASF SE, Boehringer Ingelheim Austria GmbH, Cargill, Inc., Chr. Hansen A/S, Danisco A/S, Dow Chemical Company, Evonik Degussa GmbH, International Specialty Products, Johnson Matthey Catalysts, MGP Ingredients Inc., Novozymes A/S, PURAC biochem, Royal DSM, Tate & Lyle Plc., Wacker-Chemie GmbH, among several others.
The research report titled "Fermentation Chemicals: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections for major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), Middle East, and Latin America. Segments analyzed in the report include Fermented Bulk Antibiotics, Fermented Alcohol (Ethanol & Other Alcohol), Fermented Enzymes, Fermented Organic Acids (Amino Acid, Citric Acid, and Lactic Acid & Other Fermented Organic Acids), Fermented Vitamins, Fermented Polymers & Biogums and Other Fermentation Chemicals.
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Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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