A
New Report Published by Transparency Market Research, shows the
global biofuel enzymes market was worth $1,021,9 million in 2011 and
is further expected to reach $1,653.1 million in 2018. The overall
market is expected to grow at a CAGR of 7.6% in the forecast period
2012 – 2018.
This
study report based on biofuel enzymes market is designed in an effort
to identify the performance of biofuel enzymes in the global
scenario. The market report segments the biofuel enzyme segment by
application, type, and geography and also in terms of revenue
estimated for the forecast period, 2010 to 2018.
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Full Report with TOC and Description :
Considering
the market by types, the global biofuel enzymes consist of industrial
lipases, amylases, and others. The amylases enzymes market is growing
at a CAGR of 8.0% from 2013 to 2018. This market is further
categorized into two types: cellulase and industrial proteases
enzymes. The market for industrial proteases is rising rapidly at a
CAGR of 8.7% from 2013 to 2018. In terms of application, the market
includes corn/starch based ethanol, biodiesel, ignocellulosic
ethanol, and others. Among the varied product classes of biofuel
enzymes, carbohydrase is the largest class of enzymes in the market.
It is used extensively for industrial purposes. Carbohydrase
comprises the various enzymes such as amylase, protease cellulose,
pectinase, lipase, nuclease, and more. Proteases are catalysts that
include chymosin – a dairy industry enzyme and similarly, lipases
accelerates the hydrolysis of lipids and fats and includes
triglycerides, phospholipases, and others.
This
study research classifies the global market for biofuel on the basis
of application, types, and geography. The four major applications of
the industrial enzymes market include, food & beverages, biofuel
production, cleaning agents, and animal feed. Among all the segments,
the food & beverages application segment holds the largest share
in the global market.
The
global biofuel enzymes market is primarily driven by growth in end
application markets such as, bio-based ethanol and growing
consumption of biodiesel. In many countries, governments are impelled
to form legislations for blending biofuels due to changes in
economics of fossil fuels. This has stimulated a growth in the global
market for biofuel enzymes. Also, increasing awareness for biofuel
enzymes’ sustainability is another major growth factor for this
market. These elements have influenced the market in terms of
reduction of carbon dioxide emissions as well as cost of fuel,
resulting in growing consumption of biofuel and thus, the biofuel
enzymes.
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Sample Report Copy From here :
The
segmentation based on product type and applications in the report for
biofuel enzymes are given for all major regions and key countries
across the world. The report analyzes the market size in terms of
revenue. It also discusses various market drivers, challenges, raw
materials, restraining factors, and trends in detail.
On
the basis of geographical analysis, the market has been segmented
into four major regions that include North America, Europe,
Asia-Pacific, and ROW. The global market for biofuel enzymes in North
America is calculated to be the largest market in the forecast
period. This region is however followed by Asia Pacific which will be
the second most promising market for growth in biofuel enzymes in the
near future.
Some
of the key participants profiled in the biofuel enzymes market
include Verenium Corporation, Du Pont de Nemours & Co, AB Enzymes
GmbH, Royal DSM NV, Noor Creations, Novozymes A/S, Logen Corporation,
NextCAT Inc,., Codexis Inc. and others.
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