Albany, NY -- (SBWIRE) -- 05/13/2015 -- Given that fermentation chemicals are ubiquitous in a variety of industries such as pharmaceuticals, rubber processing, chemicals, alcohol, F&B, and textiles, they witness a fairly steady demand from various quarters. This factor will see the global fermentation chemicals market register a consistent rate of growth through the next few years. Recent market estimates peg the growth of the fermentation chemicals market to hover around a 5.4% CAGR between 2013 and 2019.

The global revenue generated from the fermentation chemicals market approximated US$41,567.7 million as of 2012, and is expected to grow to about US$60,123.9 million by 2019. Industries continue to make use of fermentation chemicals because they offer a set of desirable attributes such as low costs and optimum output. Their natural structure also makes them compatible with a wide range of application areas.

Bio-Based Fermentation Chemicals to be Much Sought After Through this Decade

Businesses are now compelled to align their operations with the latest environment-centered regulatory mandates. This greatly impacts the chemicals industry, which is faced with the need to cut down on the use of synthetic chemicals, which are known to add to environmental pollution.

Thus, the fermentation chemicals market will also witness a similar trend, wherein the demand for bio-based and eco-friendly fermentation chemicals will see a rise. Companies will have to strike a fine balance to meet the growing industrial demand and, at the same time, not lose sight of environmental mandates. This unique scenario will also create some exciting opportunities in the formulation and commercialization of bio-based fermentation chemicals.

Use of Alcohols as Fermentation Chemicals Poised to Remain Robust

Fermentation chemicals are of different types. They could be enzymes, alcohols, organic acids, and so on. Market experts predict that the use of alcohols will be the highest in comparison to other types of fermentation chemicals over the next few years. This trend has been observed since the past few years; in 2012, the consumption of alcohols as fermentation chemicals made up about 53.8% of entire market, and generated revenues to the tune of US$22,377.1 million.

The demand for enzymes as a fermentation chemical was sizeable in 2012—although, it was not as high as the demand for alcohol. Other product types that are attractive in the global fermentation chemicals market currently are: Vitamins, antibiotics, and xanthan.

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Highest Demand for Fermentation Chemicals Expected to Emerge from Industrial Sector

As discussed earlier, the use of fermentation chemicals is seen widely across sectors such as industrial manufacturing and operations, food and beverages, cosmetics, pharmaceuticals and nutrition products, plastics and fibers, and others.

Of these, industrial applications have a massive demand for fermentation chemicals. Market numbers reveal that in 2012, 45.2% of all demand for fermentation chemicals came from the industrial sector. The remaining market share was divided between the other aforementioned applications. The global fermentation chemicals market earned about US$18,765.7 million from industrial applications alone in 2012.

Appreciable demand for fermentation chemicals will also be seen from the food and beverages sector. And, with the promising growth rate being reported from the cosmetics industry, experts are positive about the demand for fermentation chemicals soaring from cosmetics manufacturers as well.

North America Reported as Being Largest Marketplace for Fermentation Chemicals on Account of Strong Pharma Industry

The vast and lucrative pharmaceutical industry in the North America region has created sizeable demand for fermentation chemicals. Traditionally, North America has been the largest market for these chemicals, but the dynamics are fast undergoing a transformation with the veritable emergence of the Asia Pacific region. Moreover, markets in Europe and North America are bordering on saturation, and this has consequently made Asia Pacific a more attractive region in the global fermentation chemicals market.

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