Farnesene Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
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Farnesene Market Share , Size , Analysis , Growth , Trends and Forecasts to 2024 | Hexa Research
The global farnesene market stood at over 8 kilotons in 2015 and it is estimated to grow rapidly at a CAGR of 27 % during the forecast period ( from 2016 to 2024 ). The booming cosmetics industry in the European region is expected to augment the global market for farnesene . Farnesene obtained through biotechnology route shapes building block for a number of chemicals , including squalene which has an extensive application scope in antiageing and moisturizing creams . This is also expected to drive the product demands in the near future . However , various alternative aviation bio jet fuels , FT based on HPO and biomass may hinder the market growth . The global market is divided into applications and regions .
The applications sector comprises cosmetics & personal care , fragrances & flavors ,
performance material , and fuels & lubes . The cosmetics & personal care sector dominated the overall market in 2015 with the demand share of over USD 12 million . The performance
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