PUNE, India, April 29, 2016 /PRNewswire/ --
The report "Technical Enzymes
Market by Type (Cellulases, Amylases, Proteases,
Lipases, Other Enzymes), Application (Bioethanol, Paper & Pulp,
Textile & Leather, Starch Processing, Other Applications),
& by Region - Global Forecasts to 2021", The market is
projected to reach USD 1.27 Billion
by 2021, at a CAGR of 3.4%.
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Browse 80 market data Tables and 42 Figures spread through
162 Pages and in-depth TOC on "Technical Enzymes
Market"
http://www.marketsandmarkets.com/Market-Reports/technical-enzymes-market-72989187.html
Early buyers will receive 10% customization on this
report.
The report defines and segments the Technical Enzymes Market on
the basis of type, application, and region, with analyses and
projections of the market size of each of these segments in terms
of value. The growing urbanization coupled with industrialization,
adoption of advanced technology in production, growing
environmental concerns, and producers' concerns over
cost-efficiency are the factors driving the demand of technical
enzymes. The availability and supply of raw materials and the price
war among the industrial players are restraining the technical
enzyme market. However, technical enzymes are considered as a
potential business opportunity in the next five years, especially
in emerging economies.
Bioethanol projected to be the fastest-growing application of
the Technical Enzymes Market during the forecast
period
The bioethanol segment has been estimated to lead the market in
terms of value mainly due to the large quantity of enzymes used for
its production and the growing industrialization, increasing
environmental concerns, and producers' inclination towards
cost-efficiency and profitability. The paper & pulp application
of technical enzymes is expected to grow at a comparatively higher
CAGR; it is growing due to the scientific evidence proving that
technical enzymes in paper & pulp processing are economically
efficient and ecologically beneficial.
Amylases: The most widely used type of technical
enzymes
The amylases segment accounted for the largest share in 2015, in
the Technical Enzymes Market in terms of value. The
cellulases segment accounted for the second-largest share in the
Technical Enzymes Market. The lipases segment is projected to grow
at the highest CAGR from 2016 to 2021. Growing research and
consumer usage, along with the potential economic benefits of
technical enzymes to manufacturers are driving the demand for
amylases.
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Asia-Pacific is projected to
be the fastest-growing region in the Technical Enzymes
Market
The North American region was the largest market for technical
enzymes in 2015. The Asia-Pacific
region is projected to be the fastest-growing market for technical
enzymes during the forecast period. The market in this region is
driven by increasing urbanization, growing disposable income, and
advancement of technology. China
dominated the Asia-Pacific market
for technical enzymes owing to the rapidly growing
industrialization and investment in research & development
activities. India is projected to
be the fastest-growing market in the Asia-Pacific region.
This report studies marketing and development strategies, along
with the product portfolio of leading companies. It includes the
profiles of leading companies such as 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
Technology Limited (India), MAPS
Enzyme Limited (India), Epygen
Labs FZ LLC (UAE), and Megazyme (Ireland). The key players in the market are
focusing on expansions and investments to strengthen their market
presence and increase their product portfolio.
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