파르네센 시장 규모, 점유율, 성장 분석 : 유형별, 등급별, 유통 채널별, 용도별, 지역별 - 산업 예측(2024-2031년)

Global Farnesene Market size was valued at USD 46 billion in 2022 and is poised to grow from USD 48.12 billion in 2023 to USD 68.95 billion by 2031, growing at a CAGR of 4.6% during the forecast period (2024-2031).

The global farnesene market is experiencing robust growth, driven by rising demand for sustainable, eco-friendly alternatives to petroleum-based products. Farnesene serves as a renewable, bio-based solution, appealing to environmentally conscious consumers and industries. This demand is bolstered by increasing awareness of carbon emissions reduction and its applications in the booming fragrances sector of personal care and cosmetics. However, challenges persist, primarily due to the high production costs associated with complex fermentation processes. These costs impede wider adoption and compel producers to navigate pricing strategies carefully. Despite advancements in fermentation technology and new production facilities, scaling up farnesene production to meet escalating demand remains a complex challenge for the industry. The market outlook remains positive as sustainability drives innovation and consumer preferences.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Farnesene market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Farnesene Market Segmental Analysis

Global Farnesene Market is segmented by Type, Grade, Distribution Channel, Application, and Region. Based on Type, the market is segmented into Isoprene-based Farnesene, Farnesene from Plant Waste, Farnesene from Lignocellulosic Biomass. Based on Grade, the market is segmented into Technical Grade, Pharmaceutical Grade, Food Grade, Cosmetic Grade. Based on Distribution Channel, the market is segmented into Direct Sales, Distributors, Online Marketplaces. Based on Application, the market is segmented into Biofuel Production, Rubber Production, Pharmaceuticals, Personal Care Products, Chemicals and Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Farnesene Market

The global Farnesene market is being propelled by a series of favorable regulations and policies that advocate for the utilization of bio-based products while also working to diminish carbon emissions. Government initiatives, alongside various incentives and mandates, are actively promoting the adoption of renewable resources, which in turn creates an encouraging market landscape for farnesene. Such supportive frameworks not only facilitate a transition towards sustainable alternatives but also enhance the appeal of farnesene in various applications, thereby significantly increasing its demand. As a result, the interplay of regulatory support and environmental consciousness is key to driving growth in this market segment.

Restraints in the Global Farnesene Market

The global farnesene market faces several restraints, particularly due to technological challenges in its production. Both biological and chemical methods require sophisticated technologies and specialized expertise, which can be barriers to scalability and efficiency. Issues related to yield optimization further complicate the situation, potentially restricting market expansion. To address these obstacles and enhance production processes, ongoing research and development initiatives are essential. Without significant advancements in technology and methods, the growth trajectory of the farnesene market may be limited, emphasizing the need for innovation and investment in this area to unlock its potential fully.

Market Trends of the Global Farnesene Market

The Global Farnesene market is experiencing a significant trend towards the diversification of end-use industries, transcending its traditional applications in flavors, fragrances, and polymers. With growing demand for sustainable and biodegradable alternatives, farnesene is being increasingly adopted in cosmetics, lubricants, and specialty chemicals, among others. This expansion not only enhances the market potential for farnesene but also opens up new avenues for growth, driven by innovations in product formulations and a shift towards eco-friendly solutions. As industries seek versatile ingredients that meet both performance and sustainability standards, the farnesene market is poised for robust expansion in the coming years.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Driver & Opportunities
  • Restraints & Challenges
• Porters Analysis & Impact
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2023
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Technological Advancement
• Regulatory Landscape
• Case Studies

Global Farnesene Market Size by Type & CAGR (2024-2031)

• Isoprene-based Farnesene
• Farnesene from Plant Waste
• Farnesene from Lignocellulosic Biomass

Global Farnesene Market Size by Grade & CAGR (2024-2031)

• Technical Grade
• Pharmaceutical Grade
• Food Grade
• Cosmetic Grade

Global Farnesene Market Size by Distribution Channel & CAGR (2024-2031)

• Direct Sales
• Distributors
• Online Marketplaces

Global Farnesene Market Size by Application & CAGR (2024-2031)

• Biofuel Production
• Rubber Production
• Pharmaceuticals
• Personal Care Products
• Chemicals
• Others

Global Farnesene Market Size by Region & CAGR (2024-2031)

• North America, (Type, Grade, Distribution Channel, Application)
  • US
  • Canada
• Europe, (Type, Grade, Distribution Channel, Application)
  • UK
  • Germany
  • Spain
  • France
  • Italy
  • Rest of Europe
• Asia-Pacific, (Type, Grade, Distribution Channel, Application)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America, (Type, Grade, Distribution Channel, Application)
  • Brazil
  • Rest of Latin America
• Middle East & Africa, (Type, Grade, Distribution Channel, Application)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2023
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2023
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2021-2023)

Key Company Profiles

• Braskem S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Chevron Phillips Chemical Company
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• LyondellBasell Industries Holdings B.V.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Eni S.p.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Repsol S.A.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SIBUR Holding PJSC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Qatar Energy
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• BASF SE
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Exxon Mobil Corporation
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• SABIC
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Amyris Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Precigen Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tate and Lyle Plc
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Santa Cruz Biotechnology Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ADL Biopharma
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toronto Research Chemicals Inc.
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Triveni chemicals
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Antai Fine Chemical
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Glentham Life Sciences
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• U.S. Biological Life Sciences
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendation