Technical Enzymes - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Technical Enzymes market is accounted for $1.05 billion in 2018 and is expected to reach $1.64 billion by 2027 growing at a CAGR of 5.0% during the forecast period. Some of the key factors such as increase in demand for bio fuel and growth in environmental concerns are driving the market growth. However, stringent regulatory framework is the restraining factor for the growth of the market.
Technical enzymes are mostly used in industrial applications. In addition, the known applications in the food industry are expected to fuel the market development to a greater extent. The technical enzymes are mainly used for fats, splitting of carbohydrates, or proteins in the food industry. Moreover, it is also used in the production of textile, in which the jeans stoning sector is expected to produce lucrative opportunities for the manufacturers functioning in the technical enzymes market.
By end user, starch processing segment is expected to grow at the significant market share during the forecast period due to the presence of enzymes that are capable to quickly decrease the viscosity of starch slurries to make possible further processing and handling.
On the basis of geography, North America is anticipated to hold considerable market share during the forecast period due to the technological advancements that have made technical enzymes available for a wide range of applications in bio fuel, textile & leather, paper & pulp, starch processing, and other industries, which is estimated to make the increase in the region.
Some of the key players in Technical Enzymes Market include BASF, Advanced Enzymes Technologies, Aumgene Biosciences, Creative Enzymes, Denykem, DSM, Dupont, Enzymatic Deinking Technologies, Epygen Labs, Maps Enzymes, Megazyme, Novozymes, Sunson Industry Group, TEX Biosciences and Transbiodiesel.
• Dry (Powder & Granular)
• Other Types
End Users Covered:
• Paper & Pulp
• Textiles & Leather
• Starch Processing
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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