Technical Enzymes Market Size 2021 Analysis By Industry Share, Recent & Future Trends, Opportunity, and Forecast To 2028
Technical Enzymes Market report covers the market landscape and its growth prospects over the coming years. The report also includes a analysis of the key vendors operating in the market.
Dallas, United States – April 26, 2021 /MarketersMedia/ —
Rising demand for biofuels, growing requirement of alternatives for the petrochemical industry owing to increasing awareness regarding the scarcity of non renewable sources of energy, high need of reducing the carbon footprints as well as growing pollution of land, soil, water and air, are the major factors that are fueling the growth of global technical enzymes market over the forecast period. Further, rising efforts taken by the government as well as private organizations for the usage of biofuels in order to make efforts to save the environment are the factors that are further contributing to the expansion of the global technical enzymes market over the analysis time frame.
The global technical enzymes market revenue was valued at >USD 1,200 Million in 2019. This can be attributed to the increasing demand for biofuels, rising need for petrochemicals alternatives, and growing research and development activities for technical enzymes.
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Technical enzymes are beneficial in factories and industries for various applications such as in pulp and paper sector, detergents, textile sector, and organic synthesis. Further, rising usage of the products in the leather and bioethanol sector is further creating opportunities for the expansion of global technical enzymes market over the coming years. However, rising concerns regarding the safety and security of the enzymes among the customers as well as the industries is a major factor that is likely to hamper the growth of global technical enzymes market over the forecast duration.
The major players of the global technical enzymes market are BASF, Dupont, ABF, Novozymes, DSM, Dyadic International, Advanced Enzymes Technologies, Maps Enzymes, Epygen Labs, and Megazyme. Moreover, the market comprises several other prominent players in the technical enzymes market that are Aumgene Biosciences, Enzymatic Deinking Technologies, TEX Biosciences, Denykem, Metgen, Creative Enzymes, Sunson Industry Group, Transbiodiesel, Enzyme Supplies, and Enzyme Solutions.
Moreover, use of these products in the food and beverage sector as well as for waste water treatment are further driving the expansion of the global technical enzymes market over the analysis time frame. Further, increasing research and development activities in industry for finding out the most optimal way of usage of the products is further creating opportunities for the expansion of global technical enzymes market in the coming years. Also, rising investments by the government and other organizations in this sector are creating further opportunities for the expansion of the global technical enzymes market in coming years.
Based on the regional frame of reference, the global technical enzymes market in is fragmented into Taiwan, Netherlands, Sweden, Saudi Arabia, Indonesia, Germany, India, Egypt, Columbia, Mexico, Switzerland, Korea, Philippines, United States, Canada, Turkey, Poland, Nigeria, Belgium, Thailand, UAE, China, France, South UK, Chile, Italy, Malaysia, Australia, Spain, and Rest of the World. Based on application, the market is segmented into Textiles & Leather, Biofuel, Paper & Pulp and starch. In terms of product spectrum, the industry is bifurcated into Microfiber Proteases, Amylases, Lipases, Cellulases, and Others. In terms of usage, the market is segmented into animals, plants and Microorganism
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Key Segments of the Global Technical Enzymes Market
Source Overview, 2018-2028 (USD Million)
Microorganism
Plant
Animal
Application Overview, 2018-2028 (USD Million)
Biofuel
Starch
Textiles & Leather
Paper & Pulp
Product Overview, 2018-2028 (USD Million)
Amylases
Cellulases
Proteases
Lipases
Others
Regional Overview, 2018-2028 (USD Million)
North America
U.S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
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