Farnesene Market Size, Share, Report, 2023 | Fractovia

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Farnesene Market Global Industry Analysis
Report, Share, Size, Growth, Price Trends and
Forecast, 2016 2023
Fuel Cell Market size worth 25.5bn by 2024
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Overview

• Farnesene Market size was projected at more than
  8 kilo tons for 2015 with a predicted CAGR of
  greater than 27 by 2023. Production of biofuel
  was predicted at more than 69 kilo tons of oil
  equal for 2014. Heavy focus on growing use of
  biofuel in automobile and aviation segment to
  prevent carbon emissions will promote farnesene
  market trend.
• Key important rules like FQD (Fuel Quality
  Directive), CAAFI (Commercial Aviation
  Alternative Fuels Initiative) and RFS2 (Renewable
  Fuel Standard) setup by European Union to drive
  the demand use of biofuel in aviation segment.
• Biomass derived jet diesel fuels may be
  utilized as cost effective and drop-in
  substitution for traditional fuels. U.S EPA
  (United States Environmental Protection Agency)
  has approved the farnesene extracted renewable
  diesel for blending up to 35.1 with no sulphur
  constituents.

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Product Trends

• American Society for testing and materials (ASTM)
  has also changed its standards for renewable
  farnesene utilization blended with jet fuels in
  aviation. ASTM certified fuels have no technical
  issues related with flights nor do they have
  security concerns. All these factors have
  promoted the demand and growth of the global
  farnesene industry.
• However, key feedstock and sugarcane industry can
  be adversely affected by unsuited climatic
  conditions and this can hinder the growth of the
  global farnesene market. Further, sugarcane
  manufactured in Brazil contributes for more than
  half of ethanol production. All these are the key
  aspects accountable for fluctuations in the
  farnesene market price trends. Also, alternate
  bio jet fuels like hydrogen peroxide (HPO) and
  high efficiency particulate arrestance (HEPA)used
  in aviation sector bio jet fuels may hinder the
  industry growth.

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Application Trends

• Farnesene industry is segmented into various
  applications like cosmetics personal care
  applications and performance material
  applications.
• Cosmetics personal care application segment led
  the industry with demand evaluated at more than
  12 million for 2015. The farnesene industry size
  may grow due to rise in Squalene demand.
• Performance material application segment is
  predicted to register CAGR of over 40 by end of
  forecast period. High purity derived item can be
  utilized in production and is currently tested by
  firms in their performance formulations and
  security procedures. For instance, polymerized
  farnesene can easily react with tire rubber and
  attain strong adhesion of rubber parts for
  enhancing shape and performance stability.

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Regional Trends

• Europe farnesene market generated more than 15
  million revenue for 2015.Heavy focus on utilizing
  sustainable products derived from biomass along
  with ecological measures taken to eradicate green
  house gas emissions is predicted to stimulate the
  demand for farnesene in the region. Europe is
  dominated by France, Germany and UK farnesene
  market.
• APAC is predicted to expand substantially and
  register 28 CAGR during forecast timeframe. Rise
  in per capita disposable expenditure ability
  along with presence of many big production firms
  may promote the demand in the region during
  forecast period.
• Latin America, led by Brazil, predicts heavy
  gains during forecast timeframe. Favourable
  weather conditions to produce sugarcane crops all
  over the year in North east as well as Centre
  South of Brazil can positively affect the
  product demand in Latin America.

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Europe farnesene market share, by application,
2015

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Competitive Trends

• Key industry players profiled in the report
  include IFF,Kuraray, Intrexon Corporation, Total,
  Amyris Incorporation and Chromatin Incorporation.
• Global farnesene industry is led by Amyris
  Incorporation which utilises yeast to produce
  through biotechnology method.Firms like IFF,
  Total and Kuraray have partnered with Amyris to
  produce target molecule for using it in relative
  applications like fragrances, fuel, flavours and
  tire.
• Intrexon has acquired laboratory scale production
  method through methane bioconversion while
  chromatin has created sorghum plant with enhanced
  product level by using gene stacking procedure.

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