According to the latest research published by Global Market Insights Inc., the farnesene market size is expected to surpass USD 485 million until 2027.

The recent years have registered an increase in the adoption of strategic initiatives such as mergers, acquisitions, and product developments by major farnesene market contenders. Some of these companies include Santa Cruz Biotechnology Inc., Precigen Inc., Triveni Chemicals, Amyris Inc., American Enzyme Company, Tate and Lyle Plc, Toronto Research Chemicals Inc., U.S. Biological Life Sciences, and others.

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Quoting an instance, in March 2021, Total Cray Valley announced plans for the expansion of its hydroxyl-terminated diene resin lineup. The company launched farnesene-based resins Krasol F3100 and Krasol F3000. The materials can be deployed in a range of end-use applications, comprising UV-cured and epoxy adhesive formulations for the electronic and automotive sectors.

Some of pivotal trends that are expected to drive the industry landscape have been briefed below:

Surging product deployment in various formulations

Several industry players are adopting farnesene compounds for the preparation of various formulations. One such example is the SEPTON BIO-series developed by Kuraray Elastomer. The lineup has been polymerized from beta-farnesene.

The company claims that the products can be used for enhancing the biomass content of the end product. Similar developments are expected to drive the demand for farnesene monomers over the estimated period.

Increasing number of research activities

Numerous organizations are undertaking research studies for exploring a range of farnesene benefits. The compound is a renewable feedstock for cosmetics, polymers, and diesel fuel. In addition, it finds extensive applicability across the energy, medicine, agriculture, and other sectors.

One of the studies examined the common strategies and problems of farnesene biosynthesis. The published research paper described them from the perspectives of the current status of the process in different host cells. It also touched areas such as metabolic pathway optimization and the key enzymes involved.

The paper also discussed the challenges and future possibilities for farnesene biosynthesis. Such studies are poised to create new opportunities for business owners through the estimated period.

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North America: Growing number of manufacturing projects to drive regional landscape

North America farnesene market is expected to register commendable growth through 2027. This upsurge can be credited to an increase in production projects across the region.

For instance, Amyris, Inc., contracted a project dubbed ‘Integrated process for Commercial production of farsene from domestic lignocellulosic feedstock’. The subcontractors of the project comprised Total Raffinage Chimie and Renmatix Inc. The aim of the MegaBio program was the development of an environmentally sustainable and cost-effective process. The procedure was meant for manufacturing farnesene from renewable cellulosic feedstocks in the U.S.

Considering other regions, the industry share in Europe is estimated to expand at a CAGR of 6% from 2021 to 2027.

In the years to come, several industries are expected to register an increase in the adoption of natural ingredients like farnesene. These sectors comprise food & beverages as well as cosmetic & personal care products. This rising product demand is poised to impel farnesene industry growth across various regions.

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.