Study #: 1921

Published: 05/2005

Pages: 297

Full Study Price: US$ 4,200

Per Page Price: US$ 30.00

Fermentation Chemicals to 2009 - Market Research, Market Share, Market Size, Sales, Demand Forecast, Market Leaders, Company Profiles, Industry Trends

The US market for fermentation chemicals will grow 4.9 percent annually through 2009 as companies seek out chemicals derived from renewable resources. Ethanol will remain dominant while other alcohols, vitamins and enzymes grow the fastest. Best market opportunities will be in plastics and fibers, especially biodegradable plastics and the new polyester, PTT.

This study analyzes the US fermentation chemicals industry. It presents historical demand data (1994, 1999, 2004) and forecasts to 2009 and 2014 by product (e.g., ethanol, polyols, carbohydrases, proteases, amino acids, citric acid, lactic acid, xanthan gum, cyclodextrins, vitamins); and by market (e.g., fuel, food and beverages, animal feed, pharmaceutical and nutritional products).

The study also considers market environment trends and indicators, details industry structure and company market share, and profiles 29 leading competitors including Archer-Daniels-Midland, Novozymes, Ajinomoto, Degussa, Genencor, and DSM.

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                           TABLE OF CONTENTS
                                    
  
  SECTION                                                          PAGE
  
         INTRODUCTION                                              viii
  
   I.    EXECUTIVE SUMMARY                                            1
  
  II.    MARKET ENVIRONMENT                                           4
         General                                                      4
         Macroeconomic Outlook                                        5
         Demographics                                                 8
         Consumer Spending                                           11
         Manufacturing Outlook                                       12
         Technology Trends                                           14
         Raw Materials Overview                                      16
           Crop Plantings & Harvests                                 18
           Crop Production, Use & Yield                              20
           Crop Price Considerations                                 26
           Enzymes & Other Raw Materials                             29
         Fermentation Chemical Pricing                               32
         Historical Trends                                           35
         Environmental & Regulatory Considerations                   38
         International Activity                                      41
         Foreign Trade                                               43
  
 III.    MARKETS                                                     45
         General                                                     45
         Fuel                                                        49
           Fuel Industry Overview                                    50
           Fermentation Chemical Demand                              52
         Food & Beverages                                            56
           Food & Beverage Industry Overview                         57
           Fermentation Chemical Demand                              59
         Animal Feed                                                 63
           Animal Feed Industry Overview                             64
           Fermentation Chemical Demand                              66
         Pharmaceutical & Nutritional Products                       70
           Pharmaceutical & Nutritional Product Industry Overview    71
           Fermentation Chemical Demand                              74
         Detergents & Cleaning Products                              78
           Detergent & Cleaning Product Overview                     78
           Fermentation Chemical Demand                              80
         Research & Biotechnology                                    83
           Research Expenditures Outlook                             84
           Fermentation Chemical Demand                              86
         Cosmetics & Toiletries                                      88
           Cosmetic & Toiletry Industry Overview                     89
           Fermentation Chemical Demand                              92
              Alcohols                                               93
              Organic Acids                                          95
              Other Fermentation Products                            96
         Plastics & Fibers                                           98
           Plastic Industry Overview                                 98
           Fermentation Chemical Demand                             100
         Other Markets                                              104
  
  IV.    PRODUCTS                                                   107
         General                                                    107
         Alcohols                                                   110
           Ethanol                                                  112
              Product Characteristics & Applications                113
              Demand                                                116
              Producers                                             118
           Other Alcohols                                           121
              Polyols                                               122
              All Other Alcohols                                    125
         Enzymes                                                    128
           Carbohydrases                                            133
           Proteases                                                135
           Other Enzymes                                            136
         Organic Acids                                              139
           Amino Acids                                              142
              Lysine                                                144
              Monosodium Glutamate                                  147
              Other Amino Acids                                     149
           Citric Acid                                              153
           Lactic Acid                                              157
           Other Organic Acids                                      161
              Gluconic Acid                                         162
              All Other                                             163
         Polymers & Biogums                                         164
           Xanthan Gum                                              166
           Cyclodextrins                                            169
           Other Polymers & Biogums                                 172
         Vitamins                                                   176
           Vitamin C                                                179
           Vitamin B12                                              182
           Other Vitamins                                           184
         Other Fermentation Chemicals                               189
  
   V.    INDUSTRY STRUCTURE                                         194
         General                                                    194
         Market Share                                               198
           Ethanol Market Share                                     199
           Other Fermentation Chemical Market Share                 203
         Competitive Strategies                                     207
           Vertical Integration                                     208
           Cost Control                                             208
           Research & Development                                   210
           Cooperative Agreements                                   211
         Acquisitions & Divestitures                                217
         Production Requirements                                    221
         Marketing & Distribution                                   222
         Company Profiles                                           224
           Abengoa SA                                               225
           Agroferm Hungarian-Japanese Fermentation Industry, see
              Degussa AG                                             
           Ajinomoto Company Incorporated                           227
           Amano Enzyme Incorporated                                231
           Archer-Daniels-Midland Company                           233
           Astaxanthin Partners, see Tate & Lyle                       
           Aventine Renewable Energy Incorporated                   237
           BASF AG                                                  239
           Cargill Incorporated                                     241
           CJ Corporation                                           246
           CSM NV                                                   248
           Danisco A/S                                              250
           Degussa AG                                               252
           Dow Chemical Company                                     257
           DSM NV                                                   259
           DuPont Tate & Lyle BioProducts, see Tate & Lyle             
           Fuso Chemical Company                                    264
           Gadot Biochemical Industries Limited                     266
           Genencor International Incorporated                      267
           High Plains, see Abengoa SA                                 
           Huber (JM) Corporation                                   269
           Jungbunzlauer AG                                         271
           Kelco (CP) ApS, see Huber (JM)                              
           Kyowa Hakko Kogyo Company Limited                        273
           MGP Ingredients Incorporated                             275
           Midwest Lysine, see Degussa AG                              
           NatureWorks, see Cargill                                    
           Northeast Pharmaceutical Group Company Limited           277
           Novozymes A/S                                            278
           PGLA-1, see Cargill and CSM NV                              
           PMP Fermentation Products, see Fuso Chemical                
           ProFerm Project House, see Degussa AG                       
           PURAC America, see CSM NV                                   
           Rhodia SA                                                281
           Roche Holding Limited                                    282
           Roquette Freres SA                                       284
           Staley (AE) Manufacturing, see Tate & Lyle                  
           Tate & Lyle plc                                          285
           VeraSun Energy Corporation                               288
           Wacker-Chemie GmbH                                       289
           Williams Companies Incorporated                          291
         Other Companies Mentioned in Study                         292
    



                             LIST OF TABLES
                                   
    TABLE NUMBER                                                   PAGE
  
         SECTION I -- EXECUTIVE SUMMARY
         Summary Table                                                3
  
         SECTION II -- MARKET ENVIRONMENT
    1    Macroeconomic Outlook                                        8
    2    Demographic Outlook                                         10
    3    Consumer Spending Trends                                    12
    4    Manufacturers  Shipments                                    14
    5    Current & Potential Feedstocks                              17
    6    Crop Plantings & Harvests                                   20
    7    Crop Production, Use & Yield                                22
    8    Crop Prices                                                 28
    9    Selected Fermentation Chemical Pricing                      33
   10    Fermentation Chemical Market Trends, 1994-2004              37
   11    US Fermentation Chemical Foreign Trade                      44
  
         SECTION III -- MARKETS
    1    Fermentation Chemical Demand by Market                      47
    2    Fuel Demand by Type                                         52
    3    Fuel Market for Fermentation Chemicals                      56
    4    Food & Beverage Shipments                                   59
    5    Food & Beverage Demand for Fermentation Chemicals           63
    6    Animal Feed Production                                      66
    7    Animal Feed Market for Fermentation Chemicals               70
    8    Pharmaceutical & Nutritional Product Shipments              74
    9    Pharmaceutical & Nutritional Product Market 
           for Fermentation Chemicals                                77
   10    Detergent & Cleaning Product Shipments                      79
   11    Detergent & Cleaning Product Market for Fermentation
           Chemicals                                                 83
   12    Research Expenditures Outlook                               86
   13    Research & Biotech Market for Fermentation Chemicals        88
   14    Cosmetic & Toiletry Shipments                               91
   15    Cosmetic & Toiletry Market for Fermentation Chemicals       93
   16    Plastics Supply & Demand                                   100
   17    Plastic & Fiber Market for Fermentation Chemicals          103
   18    Other Markets for Fermentation Chemicals                   106
  
         SECTION IV -- PRODUCTS
    1    Fermentation Chemical Demand by Product                    108
    2    Fermentation Alcohol Demand by Type & Market               111
    3    Fermentation Ethanol Demand                                113
    4    US Ethanol Capacity for Selected Producers, 2004           120
    5    Other Fermentation Alcohol Demand by Type & Market         122
    6    Fermentation Polyol Demand                                 125
    7    Other Fermentation Alcohol Demand                          128
    8    Fermentation Enzyme Demand by Type & Market                132
    9    Fermentation Carbohydrase Demand                           134
   10    Fermentation Protease Demand                               136
   11    Other Fermentation Enzyme Demand                           139
   12    Fermentation Organic Acid Demand by Type & Market          141
   13    Fermentation Amino Acid Demand by Type & Market            144
   14    Fermentation Lysine Demand                                 147
   15    Fermentation MSG Demand                                    149
   16    Other Fermentation Amino Acid Demand                       150
   17    Fermentation Citric Acid Demand                            157
   18    Fermentation Lactic Acid Demand                            160
   19    Other Fermentation Organic Acid Demand                     162
   20    Fermentation Polymer & Biogum Demand by Type & Market      166
   21    Xanthan Gum Demand                                         169
   22    Cyclodextrin Demand                                        172
   23    Other Fermentation Polymer & Biogum Demand                 173
   24    Fermentation Vitamin Demand by Type & Market               178
   25    Fermentation Vitamin C Demand                              181
   26    Fermentation Vitamin B12 Demand                            184
   27    Other Fermentation Vitamin Demand by Type & Market         185
   28    Other Fermentation Chemical Demand                         190
  
         SECTION V -- INDUSTRY STRUCTURE
    1    US Fermentation Chemical Sales by Company, 2004            196
    2    Selected Cooperative Agreements                            215
    3    Selected Acquisitions & Divestitures                       220
  
    


                            LIST OF CHARTS
                                   
    CHART NUMBER                                                   PAGE
  
         SECTION II -- MARKET ENVIRONMENT
    1    Fermentation Chemical Market Trends, 1995-2004              37
  
         SECTION III -- MARKETS
    1    Fermentation Chemical Demand by Market, 2004                48
  
         SECTION IV -- PRODUCTS
    1    Fermentation Chemical Demand by Product, 2004              109
  
         SECTION V -- INDUSTRY STRUCTURE
    1    US Fermentation Chemical Market Share, 2004                199
    2    US Fermentation Ethanol Market Share, 2004                 200
    3    US Other Fermentation Chemical Market Share, 2004          204

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