Increase in demand for ethanol in the fuel industry is driving the market for industrial alcohol across the globe”. The industrial alcohol market is estimated to reach USD 93.3 billion in 2020 and is projected to account for USD 112.0billion by 2025, recording a CAGR of 3.7% during the forecast period. There is a rising demand for fuel...
The 1-decanol market size is estimated to grow from USD 198 million in 2020 to USD 264 million by 2025, at a CAGR of 5.9%. Market penetration of natural 1-decanol has risen in surfactant-based industries, such as personal care & cosmetics and soaps & detergents. Due to the COVID-19 outbreak, there is increased awareness regarding the use of...
Report Synopsis Demand for Industrial Enzymes used in Textiles & Leather applications is anticipated to decline drastically in 2020 compared to 2019, estimated at -8.2% Y-o-Y due to the decline in Chinese textile production, with volumes shifting away from China to countries with lower enzyme penetration. Demand for...
Increasing demand from personal care and industrial & domestic cleaning applications will drive the overall growth of the fatty alcohols market. The global fatty alcohols market size is expected to grow from USD 5.4 billion in 2020 to USD 7.0 billion by 2025, at a CAGR of 5.2%, during the forecast period. It is driven by various factors,...
The global sophorolipid market was valued at US$ 374.85 million in 2019 and is projected to reach US$ 547.02 million by 2027; it is expected to grow at a CAGR of 5.0% from 2020 to 2027. Sophorolipids are potential biosurfactants as they have qualities such as biodegradability and low eco-toxicity.Sophorolipid are extracted from natural...
The market for global green & bio-based plastic additives is expected to grow at a CAGR of approximately 5% globally during the forecast period. Growing demand for bio-based plastics for packaging applications and other reasons are driving the market growth. The impact of COVID-19 and reasons are expected to hinder the market...
The global market for Ethanol is projected to reach US$105. 2 billion by 2025, driven by sustained increase in demand from biofuel and food & beverage industries. Growing consumer awareness about eco-friendly products and supportive government policies are also driving growth. Ethanol use in industries such as automotive, chemicals, food &...
The global market for Bioplastics and Biopolymersis projected to reach US$17 billion by 2025, driven by the growing confidence in the ability of these materials to provide an antidoteto the growing threat of plastic waste. Biopolymers comprise Bio-PET, Bio-PE, Starch Blends, Biodegradable polymers, Regenerated Cellulose, starch based polymers,...
The global biopolymer packaging market was valued at US$ 7,872.54 million in 2018 and is projected to reach US$ 37,465.07 million by2027; it is expected to grow at a CAGR of 19.1% from 2019 to 2027. Bio based polymers are considered to be an effective alternative to the conventional polymers and are being increasingly used in packaging...
The industrial enzymes market is projected to grow at a CAGR of6.5% during the forecast period. According to the analyst, the industrial enzymes market is estimated to be valued at USD 5.9 billion in 2020 and is projected to reach USD 8.7 billion by 2026, recording a CAGR of 6.5%, in terms of value. Factors such as the...