Fermentation Chemicals Market, By Product Type (Aspirator Bottles, Dilution Bottles, Dispensing/Dropping Bottles, Sampling/Serum Bottles, Solution Bottles, Reagent bottles, Others), By Material (Glass, Plastic (Polypropylene, Polyethylene, Polystyrene, and Others)), By Capacity (More than 4,000 mL, 4,000 mL to 1,000 mL, 1,000 mL to 250 mL, Less than 250 mL), By End-use Industries (Pharmaceuticals & Biological, Medical & Surgical, Food & Beverage, Others), and By Region (North America, Europe, Asia Pacific, Rest of the World) -

Published In : Jul 2023

Code : CMI4268

Pages :120

Formats :

Excel and PDF

Industry : Bulk Chemicals

Market Challenges And Opportunities

Drivers

Growing demand for fermentation chemicals from the pharmaceutical industry

Strong demand for fermentation chemicals from the pharmaceutical industry is expected to drive the market growth. These chemicals are used in the production of formulation such as anti-acne solutions, parenteral solutions, and ointments. Moreover, it is used in the manufacturing of calcium drugs that are used to treat calcium deficiency problems. Thus, rapid growth in the pharmaceutical industry is expected to drive the market growth of Fermentation Chemicals.

Growing research & development applications

Growing research & development in various end use applications is expected to drive the market growth. Fermentation chemicals act as a base for the many research and experiments in R&D centers. Hence, rising research and development applications is boosting demand for fermentation chemicals.

Restraints

High cost associated with the fermentation of lactic acids

High cost associated with the fermentation of lactic acids is restricting its usage in the dairy industry. This factor is expected to hinder the market growth over the forecast period.The fluctuation of the production process in the fermentation of bacteria, lactic acid, and ethanol is hampering demand for these chemicals. This factor is hindering the market growth.

Opportunity

High demand for bio based products

This market is driven by increasing use of fermentation chemicals in food, pharmaceutical, and plastic manufacturing. High demand for bio-based feed stocks, especially in industrial biotechnology, is expected to boost demand for fermentation chemicals. Demand for methanol and ethanol also contribute to the market growth. Demand for various organic acids from textile and plastic manufacturers is expected to influence the market growth. Fermentation chemicals are considered to be environmentally friendly, beneficial, and inexpensive as compared to petroleum-derived chemicals.