The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Awareness among end-users regarding the benefits of using bio-based products is propelling the demand for fermentation chemicals. Increased application of alcohol in pharmaceutical applications for manufacturing of products, such as anaesthetics, antiseptics, drugs, liniments, lotions, etc. are expected to drive the market for alcohol in turn a fermentation chemical during the forecast period. High capital involved in the fermentation and fluctuation of production process is restraining the market growth. Increased importance of bio-product and Adoption of Methanol as the Future Fuel offers an opportunity to fermentation. Fermentation chemicals are used for various industrial applications ranging from plastic, chemical, rubber, biofuel, leather and textile among others.
