DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "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" report to their offering.
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.
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).
For more information visit http://www.researchandmarkets.com/research/w59m3l/technical_enzymes