NEW YORK, May 16, 2016 /PRNewswire/ -- "Technical enzymes market is projected to grow at a CAGR of 3.4% in terms of value"
This report analyzes the technical enzymes market, in terms of type, application, and region. The technical enzymes market has grown rapidly in the last few years and is projected to reach a value of USD 1.27 billion in 2021, at a CAGR of 3.4% from 2016 to 2021. The primary factors driving the global success of technical enzymes is the increasing demand of technical enzymes in diverse industries including bioethanol producers, paper & pulp manufacturers, textile & leather processors, starch processing, and waste water treatment industries.
"Bioethanol is the fastest-growing application in the technical enzymes market"
On the basis of application, the technical enzymes market is segmented into bioethanol, paper & pulp, textile & leather, starch processing, and others (cosmetics & toiletries, waste and water treatment, oilfield & fine chemicals). Among all the applications of technical enzymes, the bioethanol segment is projected to be the fastest-growing application from 2016 to 2021. Bioethanol has comparative advantage over other types of technical enzymes as it is cost-efficient and contributes to sustainable development due to less emissions in the environment.
"China and India: The future of the technical enzymes industry"
North America dominated the global technical enzymes market in 2015. The Asia-Pacific region is projected to be the fastest-growing market from 2016 to 2021. The markets are growing in China and India due to the increasing disposable income of the people, growing urban population, and adoption of advanced technologies in developing countries are paving the path for profitable returns.
Break-up of Primaries:
- By Company Type: Tier 1 –20 %, Tier 2 – 45% and Tier 3 – 35%
- By Designation: Director level – 55%, C level – 30%, , Others – 15%
- By Region: North America – 12%, Europe – 45%, APAC – 25%, RoW – 18%
Leading players in the technical enzymes market are BASF SE (Germany), E.I. du Pont de Nemours and Company (U.S.), Associated British Foods Plc (U.K.), Koninklijke DSM N.V. (The Netherlands), and Novozymes A/S (Denmark). Other players include Dyadic International Inc. (U.S.), Advanced Enzyme Technologies Limited (India), MAPS Enzyme Limited (India), Epygen Labs FZ LLC (UAE), and Megazyme (Ireland)
Reasons to buy this report:
- To get a comprehensive overview of the global technical enzymes market
- To gain wide-ranging information about the top players in this industry, their product portfolios, and key strategies adopted by them
- To gain insights into the major countries/regions in which the demand for technical enzymes is flourishing
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