High Demand From EMEA to Boost the Global Farnesene Market | Technavio

LONDON–(BUSINESS WIRE)–#Research–The latest market research report by Technavio
on the global
farnesene market predicts a CAGR of more than 26% during the period
2017-2021.

The report segments the global farnesene market by application
(cosmetics, flavor and fragrances, lubricants, and performance
materials), and by geography (the Americas, EMEA, and APAC). It provides
a detailed illustration of the major factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Here are some key findings of the global farnesene market, according
to Technavio chemicals
and materials researchers:

• Increasing demand for cosmetics: a major market driver
• In 2016, the cosmetics segment dominated the market with close to 40%
  share
• EMEA dominated the global farnesene market with close to 47% share in
  2016
• Amyris, Intrexon, Toronto Research Chemicals, Chromatin, and Penta
  Manufacturer are the leading players in the market

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Increasing demand for cosmetics: a major market driver

Increasing demand for cosmetics is one of the major factors driving the
global farnesene
market. In the cosmetic industry, the trend of using bio-based
resources over synthetic products for various anti-aging cream, lotion,
and other cosmetics is taking precedence. The demand for bio-based
products is growing at a steady rate year-on-year. This trend is aiding
in the high consumption of farnesene in the cosmetics sector, owing to
its less toxicity and excellent biodegradable characteristics.

According to Mohd Shakeel Iqbal, a lead analyst at Technavio for specialty
chemicals research, “The increasing older population and the
subsequent demand for anti-aging products such as creams, moisturizers,
anti-wrinkle creams, and skin whitening products will drive the global
farnesene market during the forecast period. The demand for youthful,
skin-brightening and anti-aging cosmetic products is quite high, which
augurs well for the global farnesene market.

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

EMEA: largest farnesene market

Technavio researchers anticipate high growth for the global farnesene
market in EMEA due to the high demand for cosmetics and flavor and
fragrances. The Middle East is also a growing market for farnesene,
owing to high demand from the cosmetics industry. This is attributed to
high disposable income in the region, which fosters the demand for
cosmetic products.

In Europe, Germany is a leading market for farnesene. It is one of the
manufacturers and consumers of cosmetics in the world. Also, the support
from the European Commission also aids in developing alternate
applications for the consumption of farnesene such as the tire industry.
Such developments augur well for the growth of the market during the
forecast period.

Competitive vendor landscape

The global farnesene market is very niche. It is very concentrated due
to the presence of only a few players. The major vendors of the
farnesene market compete on the basis of factors such as operation cost,
price, economies of scale, product quality, and innovation. The major
players in the farnesene market can drive down the market prices because
of the economies of scale in the production.

Get a sample copy of the global
farnesene market report free of cost

Access Technavio’s continuously growing specialty
chemicals research library and find expert analysis on hundreds
of markets.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning across 50 countries. Their client base consists of enterprises
of all sizes, including more than 100 Fortune 500 companies. This
growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify
opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com