Global Biofuel Enzymes Market Analysis Report 2022-2026 - Uptrend in Advanced Biofuels Favors Market Growth

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Oct 24, 2022, 09:15 ET

DUBLIN, Oct. 24, 2022 /PRNewswire/ -- The "Biofuel Enzymes - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Biofuel Enzymes Market to Reach $1.3 Billion by 2026

Global Biofuel Enzymes market is projected to register healthy growth over the near-to-long term. The market, estimated at US$1 Billion in 2022 is projected to reach US$1.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 7.3% over the analysis period.

The global production of biofuels falls into three primary categories: ethanol, biodiesel, and hydro treated vegetable oil (HVO). Ethanol, produced from starchy feedstock (corn, wheat, cassava) and sugary feedstock (sugarcane, molasses, beets) is blended with petrol. Biodiesel, produced from non-edible agricultural material such as oil seeds, is blended with diesel. HVO or green diesel is emerging as an attractive alternative to biodiesel lately, with its primary advantage being chemical equivalence to petroleum diesel and thus its usage in diesel engines with no modification.

United States represents the largest regional market for Biofuel Enzymes, accounting for an estimated 37.8% share of the global total. The market, estimated at US$384.7 Million in 2022 is projected to reach US$587.1 Million by the close of the analysis period. The United States is forecast to emerge as the fastest growing regional market with a CAGR of 8.0% over the analysis period. The market is set to maintain its growth momentum led by improving domestic fundamentals, and other unique growth drivers.

Growth in the market will continue to be driven by surging demand for biodiesel, a clean and increasingly popular alternative for diesel. The increasing need for higher product specificity and productivity, combined with escalating environmental concerns and intensified government efforts for framing regulations with respect to biofuel combinations is helping the biofuel enzymes market grow.

Additional factors driving biofuel enzymes growth include increasing use of biodiesel and bio-based ethanol, which not only minimize fuel cost but also carbon dioxide emissions, and greater customer transition towards the production of ethanol using cellulases and associated enzymes. Other important stimulants include greater demand for higher-efficacy enzymes-based pharmaceuticals and increased awareness about the application of biofuel enzymes in protein engineering technology.

Amylase Segment to Reach $504 Million by 2026

Mostly sourced from plants and bacteria, amylase is a mainstream enzymatic solution for manufacture of sugar-based biofuels. Amylase ferments sugars into alcohol such as ethanol, butanol and propanol etc., thus making them useful in fuel applications. In fact, Amylase is the most commonly used biofuel enzyme for manufacture of fuel ethanol, the widely used biofuel in the world followed by biodiesel.

Compared to other enzymes, amylase has high resistant power, which allows the enzyme to endure an array of temperature, pH and acidity levels during feedstock conversion into fuel. Global market for Amylase is estimated at US$375.6 Million in 2022, and is projected to reach US$504 Million by 2026 reflecting a compounded annual growth rate of 7.0% over the analysis period.

United States constitutes the largest regional market for Amylase segment, accounting for 36.5% of the global sales. United States is poised to register the fastest compounded annual growth rate of 7.5% over the analysis period to reach US$205.7 Million by the close of the analysis period.

What`s New for 2022?

Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to the digital archives
Complimentary updates for one year

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Biofuels in the Global Fuel Mix
Biofuels: An Introduction
Factors Driving the Shift towards Biofuels
Impact of Covid-19 and a Looming Global Recession
2020 Marked as a Year of Disruption & Transformation
Impact on Clean Technologies
COVID-19 Dampens Biofuel Consumption
Witnessing a Tough Year, Biofuel Producers Seek Inclusion in COVID-19 Stimulus Relief Package
Global Biofuel Production Unlikely to Stay on Subsistent Levels and Bounce Back Quickly
Biofuel Enzymes - Global Key Competitors Percentage Market Share in 2022 (E)
Biofuel Enzymes: An Introduction
Biofuel Enzymes Vs Chemical Catalysts
Benefits of Biofuel Enzymes
Types of Biofuel Enzymes
Market Outlook
Regional Market Review
Biofuels Production Scenario
Global Biofuel Production (in Billion Liters): 2019 and 2020
Top Biofuel Producing Countries in 2019
Global Fuel Ethanol Production by Country: 2019
Global Fuel Ethanol Production for 2019
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS (Total 45 Featured)

AB Enzymes GmbH
Advanced Enzyme Technologies Ltd.
Agrivida, Inc.
BASF SE
CLEA Technologies B.V.
DuPont de Nemours, Inc.
Enzyme Supplies Limited
Metgen Oy
Noor Enzymes Pvt. Ltd.
Novozymes A/S
Royal DSM NV

3. MARKET TRENDS & DRIVERS

Expanding Role of Renewable Fuels in the Global Energy Mix Reflects Opportunities for Biofuels
Biofuel Remains an Indispensable Element of Inclusive Clean Energy & Susceptibility Initiatives
Superiority of Enzyme-based Production over Conventional Method Drives Adoption
Uptrend in Advanced Biofuels Favors Market Growth
First Generation Vs Second Generation Biofuels: A Snapshot
Availability of Biofuel Feedstock & Policies to Drive Biofuel Output
Favorable Biofuel Blend Mandates & Blend Targets Offer Opportunities
Growth in Cellulosic Biofuels Demand to Underpin Enzymes Sales
Cellulosic Biofuels Vs Conventional Biofuels and Petroleum
Improving Economics of Cellulosic Biofuel Production Augur Well
Switchgrass: Potential Feedstock in Advanced Biofuel Production
Amylases Continue to Sustain Demand in Fuel Ethanol Production Led by Myriad Benefits
Enzymatic Production of Biodiesel from Low Quality Oils Gathers Steam
Rising Demand for Ethanol as Fuel Spurs Market Prospects
Increasing Trend towards Ethanol Blending with Gasoline Fuels Market Prospects
Global Push Away from Fossil Fuels and increasing Demand for Alternate Fuels in Automotive Industry Offers Opportunities for Growth
Flex-Fuel Vehicles Drive Demand of Biofuels
Aviation Biofuels to Widen Growth Prospects
Ongoing R&D Efforts to Strengthen Future Growth
Algae Enzyme to Accelerate Biofuel Production
Genetic Engineering Yields Bio-Factory for Enzyme Cocktail to Aid Biofuel Synthesis
Novel Enzyme Extraction Technique Opens up New Avenues for Cost-Efficient, Enzyme-based Biodiesel Synthesis
Use of Protein Crystals for Trapping Enzymes
Fungal Species Exude Enzymes with Similar Functional Characteristics
Copenhagen Chemists Evaluate Role of LPMO Enzymes in Cellulose Breakdown
Reserachers Develop Enzyme Processing VFD Technology
Tokyo Researchers Study CBAP Enzyme Mechanism in Biofuel Production
Limitations of Biofuel Enzymes
Issues & Challenges Hindering Growth in Biofuels Market
High Production Costs Deter Global Adoption
Established Image and Wider Availability of Petroleum-based Fuels
Growing Share of Natural Gas in the Energy Mix
Rising Importance of Electric Vehicles