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What are the Opportunities in Farnesene Market? Top Key Players are Amyris, Chromatin Inc, and Intrexon Corporation

Farnesene Market

Farnesene Market

Global Market Insights, Inc. adds new Farnesene Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

Growing trend towards biofuel use in aviation and automobile sector to curb carbon emissions may boost farnesene market growth. Farnesene based renewable diesel & jet fuel is likely to hit price target and prove to be cost efficient, which will drive its use as a drop in replacement for synthetic fuels to lower GHG emissions.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/419

Global farnesene market size is forecast to register USD 485.0 million by 2023. In EU, the RED (Renewable Energy Directive) has set 10% target for use of renewable energy in transport. In the U.S., key initiatives, CAAFI (Commercial Aviation Alternative Fuels Initiative) and MASBI (Midwest Aviation Sustainable Biofuels Initiatives) are formed to promote biofuel usage in aviation sector.

Company Profiles:

• Amyris
• Chromatin Inc
• Intrexon Corporation

Cosmetic & personal care application dominated the demand and accounted for over 35% of the total demand. Farnesene derived squalene, through biotechnological route, is used as a useful ingredient in anti-ageing and moisturizing cream formulations.

Strong cosmetics growth expected from Europe and Asia Pacific market may promote farnesene demand and boost squalene market size. Cosmetics companies are shifting focus to use ingredients derived from vegetable or biotechnological route instead of animal sources owing to consumer perception, which may promote market growth.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/419

Hydrogenated Esters and Fatty Acids (HEFA) and FT (Fischer-Tropsch) based on biomass are alternative biofuels considered to be used in aviation sector, proves to be a major challenge for market growth. Variation in key feedstock harvest, sugarcane, owing to unfavorable weather conditions may affect farnesene market price trend.

Farnesene Application Insights:
• Cosmetics & personal care
• Performance materials
• Flavors & Fragrances
• Fuels & lubes

Europe, led by Germany and UK, dominated the regional industry and accounted for over 42% of the total demand. Performance material applications in Europe are set to grow at a significant pace at above 45% CAGR and register over USD 65 million by 2023.

Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/farnesene-market

APAC, with China and India being dominant contributors, is set to attain highest gains at over 29% up to 2023. Increase in per capita spending capacity coupled with presence of large scale chemical manufacturing facilities may promote regional growth.

Intrexon and Chromatin are currently at nascent stage to achieve commercial production. Intrexon achieved production in lab scale tests though methane bioconversion.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com

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