L-serine Market Is Presumed To Grow At a CAGR of 2.1% During 2019-2025
In the past few years, limited by technology issues, the production of L-serine was mainly dominated by the companies from Europe, USA and Japan. Actually, although some new companies from developing countries, such as China, have entered into the industry, they have to face the technology obstacles, such as the yield rate as well as product performance issues. Leading companies, such as Ajinomoto and Evonik, have large market share of L-serine and highest reputation on their L-serine.
Japan, USA and Europe are the major production bases of L-serine in the world. The three regions held about 77% production share in 2015. As for China, since Ajinomoto, Evonik as well as other companies built plants in the region in the past few years, the country’s L-serine business also develops fast. Refers to consumption, Europe is the largest consumer. The region consumed about 1870 MT L-serine in 2015. The follower is USA, which consumed about 1450 MT. Considering the current status, information revealed that the L-serine market will keep increasing in the coming years.
It is believed that more and more companies will enter in the field once the technology barrier is broken. Also, the industry will witness fierce competition and price decline further in the next few years. The global L-serine market is valued at 290 million US$ in 2018 is expected to reach 340 million US$ by the end of 2025, growing at a CAGR of 2.1% during 2019-2025.
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This report focuses on L-serine volume and value at global level, regional level and company level. From a global perspective, this report represents overall L-serine market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan. At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
Kyowa Hakko Bio
Jinghai Amino Acid
Segment by Regions
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Segment by Type
Segment by Application
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