Published Date: 31-Oct-2019
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According to a new report Asia Pacific Fermentation Chemicals Market, published by KBV Research, the Asia Pacific Fermentation Chemicals Market would witness market growth of 6.6% growth rate during the forecast period (2019-2025).
The Industrial market dominated the Asia Pacific Fermentation Chemicals Market by Application in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $9736.3 Million by 2025, growing at a CAGR of 6.1 % during the forecast period. The Plastics & Fibers market is expected to witness a CAGR of 7.9% during (2019 - 2025).
The Alcohols market captured the largest market share in the Asia Pacific Fermentation Chemicals Market by Product in 2018, and would attain a market size of $11939.2 Million by 2025, rising at a growth of 6% CAGR during the forecast period. The Organic Acid market is anticipated to experience the highest growth of 6% CAGR during (2019 - 2025).
The China market contributed the highest revenue share to the Asia Pacific Fermentation Chemicals Market by Region in 2018, and is expected to grow at a growth rate of 4.3% CAGR during the forecast period. The Japan market is predicted to witness a CAGR of 7.5% during (2019 - 2025).
The report highlights the adoption of Fermentation Chemicals in Asia Pacific. Based on Application, the market is segmented into Industrial, Plastics & Fibers, Food and Beverages, Pharmaceutical and Nutritional and Other Applications. Based on Product, the market is segmented into Alcohols, Organic Acid, Enzymes and Other Products. The report also covers geographical segmentation of Fermentation Chemicals market. The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia and Rest of Asia Pacific.
The major market players expanding their reach in the Asia Pacific Fermentation Chemicals market are Novozymes A/S, Koch Industries, Inc. (Invista BV), The Dow Chemical Company, BASF SE, Archer Daniels Midland Company, Cargill Corporation, Chr. Hansen Holding A/S, Koninklijke DSM N.V, Ajinomoto Co. Inc. and Evonik Industries AG (RAG-Stiftung).
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