Global Fermentation Chemicals Market To Grow At A CAGR Of 5.98% During The Period 2017-2021

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The commercial fermentation of natural and renewable materials produces fermentation chemicals. These chemicals act as a catalyst or initiator in chemical and biochemical reactions to modify the rate of the reaction process. These chemicals can also be manufactured by using biodegradable products such as pulp, starch, paper, wood, and other biochemicals. The increasing demand from the alcohol industry is one of the driving factors. The rising demand for renewable energy fuel and consumption of alcohols such as ethanol and methanol as a substitute for conventional fuels are the major factors prompting the growth of the global fermentation chemicals market. Fermentation chemicals help increase the overall productivity by lowering the processing time and manufacturing costs.

Technavios analysts forecast the global fermentation chemicals market to grow at a CAGR of 5.98% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global fermentation chemicals market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Global Fermentation Chemicals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
AJINOMOTO
Archer Daniels Midland
BASF
Cargill
Evonik Industries
The Dow Chemical Company
Other prominent vendors
Amano Enzyme
AB Enzymes
Chr. Hansen Holding
Novozymes
Royal DSM

Market driver
Rising need for renewable and clean fuel
For a full, detailed list, view our report

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Market challenge
Fall in crude oil prices
For a full, detailed list, view our report

Market trend
Emerging use of enzymes in nutraceuticals
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

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