Fermentation chemicals market projected to reach USD 132.04 billion by 2032 with 7.54% CAGR

From GlobeNewswire: 2024-07-12 10:21:00

The Fermentation Chemicals Market is projected to reach USD 132.04 billion by 2032, with a CAGR of 7.54% over the forecast period. The rising demand for bio-based feedstock in industrial biotechnology is a major driver of market growth. Key players include AB Enzymes, DuPont Danisco, and Evonik Industries AG. The market is fueled by the need for methanol, ethanol, and other organic acids for various applications. Fermentation chemicals are cost-effective and eco-friendly, enhancing demand. North America holds the highest revenue share, while Asia Pacific has the fastest-growing market. Recent developments include BASF SE’s new fermentation plant and ADM’s plant-based specialty chemicals.

(Source: https://www.globenewswire.com/reports/fermentation-chemicals-market-3864)



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