Global Fermentation Chemicals Market Is Expected to Reach Us$ 66.0 Bn by 2022: Credence Research

According to a new market report published by Credence Research “Fermentation Chemicals Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 - 2022,” the fermentation chemicals market was valued at US$ 47.4 Bn in 2016, and is expected to reach US$ 66.0 Bn by 2022, expanding at a CAGR of 5.6% from 2016 to 2022.

Browse the full Fermentation Chemicals Market (Alcohols, Enzymes, Organic Acid, Others) for Industrial Applications, Food & Beverages, Pharmaceuticals, Plastic & Fibers, and Other Applications- Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022 report at http://www.credenceresearch.com/report/fermentation-chemicals-market

Market Insights

The metabolic process which converts sugar into acids, alcohol and gases is known to be fermentation. Fermentation process helps to speed up the reaction coz its catalyst property. Therefore, it is used in a wide range of end-use industries. Fermentation process is used as a vital raw material in the alcohol industry. Alcohol is the major product obtained from fermentation process. Alcohol market is the largest market boosting the growth of global fermentation chemicals in the market. It is produced by fermenting grains, grapes, etc. which give end product as beer, wine, spirits, etc. Among the listed end products, beer is considered to be the largest selling alcohol. Rising demand for alcohol has therefore led to growth of global fermentation chemicals market in 2016.

Browse All Reports of This Category @ http://www.credenceresearch.com/industry/chemicals-market

On the basis of product type, fermentation chemicals market is segmented into alcohol, enzymes, organic acid and others. Alcohol accounts for larger share of global fermentation chemicals market. Enzymes followed alcohol in terms of demand in the market. It accounted to be the second largest product segment of fermentation which is used in large number of end use industries. Organic acid are the...