Farnesene Market Size, Share, Price | Industry Report, 2023

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Farnesene Market 2016 2023
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Global Market Scenario of Farnesene

• Farnesene market size was estimated at over 8
  kilo tons in 2015, with growth forecast set at
  over 27 CAGR up to 2023.  
• Global biofuel production was estimated at over
  69 kilo tons of oil equivalent in 2014. Strong
  focus on increasing usage in vehicles and
  aviation sector owing to curb CO2 emissions is a
  trend driving global farnesene market size.
• Biomass derived diesel jet fuels may be used as
  drop-in and cost competitive replacement for
  conventional fuels. EPA has approved farnesene
  derived renewable diesel for blend up to 35 and
  it contains no sulfur or particulates. 
• ASTM had also revised standard for renewable
  farnesene use as blending component with jet
  fuels in commercial aviation. ASTM certified
  biofuels have no safety problems or technical
  issues for flights.
• https//www.gminsights.com/industry-analysis/fa
  rnesene-market
•  

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• Renewable Energy Directive (RED) in EU has set a
  target of 10 renewable energy use in
  transportation across EU by 2020.
• Key relevant legislations, Fuel Quality Directive
  (FQD), Renewable Fuel Standard (RFS2), Commercial
  Aviation Alternative Fuels Initiative (CAAFI),
  are set up in EU to promote biofuel demand use in
  aviation sector.
• Strong application scope of squalene in
  moisturizing and anti-ageing creams should drive
  product demand. 
• Strong growth expected from the booming European
  cosmetics industry may drive farnesene industry
  demand. European cosmetics market was worth over
  USD 80 billion in 2014. 
• https//www.gminsights.com/industry-analysis/farne
  sene-market

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Europe Farnesene Market share, by application,
2015
https//www.gminsights.com/industry-analysis/polyu
rea-market-size

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360 Analysis

• Application Analysis
• Cosmetics personal care application was
  dominant with demand valued at over USD 12
  million in 2015. Farnesene market size may expand
  owing to increase in squalane demand. Cosmetic
  formulation companies may prefer to procure
  squalane derived from biotechnology route rather
  than expensive and unsustainable sources such as
  ultra refined oil or shark liver. 
• Regional Analysis
• Europe farnesene market size, led by Germany, UK
  and France, was dominant and generated over USD
  15 million revenue in 2015.
• Latin America, dominated by Brazil consumer base,
  expects strong gains during the forecast period.
• Competitive Market Share
• Global farnesene market share is dominated by
  Amyris, which uses yeast to manufacture through
  biotechnology route. Total, Kuraray, IFF have
  colaborated with Amyris to form target molecule
  for use in relative applications such as fuel,
  tire and flavors fragcances. 

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