Fermentation Chemicals Market in North America is expected to register a CAGR of 4.8% during the forecast period (2019-2025) - KBV Research

31-Oct-2019 | Report Format: Electronic (PDF)

Growth, Trends and Report Highlights

According to a new report North America Fermentation Chemicals Market, published by KBV Research, the North America Fermentation Chemicals Market would witness market growth of 4.8% CAGR during the forecast period (2019-2025).

The USA market dominated the North America Fermentation Chemicals Market by Region in 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $20961.6 Million by 2025, growing at a CAGR of 4.3 % during the forecast period. The Canada market is expected to witness a CAGR of 5.1% during (2019 - 2025). Additionally, The Mexico market is expected to witness a CAGR of 7.1% during (2019 - 2025).

The Industrial market contributed the largest share in revenue to USA Fermentation Chemicals Market by Application in 2018, and is predicted to reach a market value of $9147.5 Million by 2025, rising at a growth rate of 3.9% CAGR during the forecast period. The Plastics & Fibers market is anticipated to experience a growth of 5.6% CAGR during (2019 - 2025).

The Alcohols market garnered the highest market share in the Canada Fermentation Chemicals Market by Product in 2018, and would grow at a growth rate of 4.6% CAGR during the forecast period. The Organic Acid market is forecasted to witness highest CAGR of 4.6% during (2019 - 2025).

Full Report:https://www.kbvresearch.com/north-america-fermentation-chemicals-market/

The report highlights the adoption of Fermentation Chemicals in North America. 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 USA, Canada, Mexico and Rest of North America.

The major market players expanding their reach in the North America 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).