FERMENTATION CHEMICALS MARKET ANALYSIS

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

Fermentation Chemicals MarketSize and Trends

Global fermentation chemicals market is estimated to reach around US$ 108.41 Billion by 2030, in terms of revenue, exhibiting a CAGR of 6.8% during the forecast period (2023-2030).

Trends

Demand for polymer industry

Growing polymer industry due to increasing disposable income and improving standard living of the consumers is expected to drive the market growth. These chemicals are widely used as additives in the production of polymers. Again, it is anticipated that rising consumer spending and a changing industrial application trend toward high-performance polymers will fuel the market expansion of fermentation chemicals.

Growing demand for enzymes from various industries is expected to drive the market growth. Enzymes are widely used skin glow across personal care and cosmetic industry in the production of cosmetic products. A growing sense of fashion coupled with increasing awareness regarding the personal hygiene and aspire to look presentable is driving demand for cosmetic and personal care products. This boosts demand for enzymes, and this is expected to drive the market growth of the fermentation chemicals.