Global Biofuel Enzyme Market, By Application (Lignocellulosic Ethanol, Biodiesel, Corn/ Starch- Based Ethanol and Others), Type (Cellulase, Amylase, Xylanase, Lipase and Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Data Bridge Market Research analyses that the biofuel enzyme market will witness a CAGR of 7.34% for the forecast period of 2021-2028. Growth in the demand for biofuel enzymes especially in the developing economies like India and China, growing use of biofuel enzyme for a wide range of end user applications such as lignocellulosic ethanol, biodiesel, corn/ starch- based ethanol and other applications, rising demand for cellulose for various industrial applications and surge in industrialization especially in the developing countries are the major factors attributable to the growth of the biofuel enzyme market.
From the name itself, it is clear that biofuels are any renewable and sustainable fuels that are obtained out of animal and plant waste. Biofuel enzymes are used for a wide range of applications including bio alcohols and biodiesels. Biofuels act as catalysts that alter and accelerate on going reactions. In other words, biofuels are generated by a biochemical process which uses proteins called biofuel enzymes to catalyse the chemical reaction. This in turn helps in improving and enhancing the biofuels productivity/ performance along with providing environmental gains. Lipase, amylase, xylanase, and cellulose are some of the common types of biofuels.
Rise in demand for bio- based ethanol coupled with growing awareness in regards to the environmental benefits of biofuels is the root cause fuelling up the biofuel enzyme market growth rate. Rising usage of Ethanol fuels in RoW and growth and expansion of various end user verticals especially in the developing economies will also directly and positively impact the growth rate of the biofuel enzyme market. Growth in the demand for automotive applications, increased focus on consumption of bio-diesel and surge in the government policies to create legislation for the usage of biofuels will further carve the way for the growth of the biofuel enzyme market.
However, insufficiency in raw material supply owing to the lockdown and restrictions and lack of awareness in the backward economies will pose a major challenge to the growth of the biofuel enzyme market. Fluctuations in the prices of raw materials and high pricing of enzymes will dampen the biofuel enzyme market growth rate. Increased focus on the adoption of electric vehicles will also impede the biofuel enzyme market growth rate.
This biofuel enzyme market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on biofuel enzyme market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Biofuel Enzyme Market Scope and Market Size
The biofuel enzyme market is segmented on the basis of application and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of application, the biofuel enzyme market is segmented into lignocellulosic ethanol, biodiesel, corn/ starch- based ethanol and others.
- On the basis of type, the biofuel enzyme market is segmented into cellulase, amylase, xylanase, lipase and other.
Biofuel Enzyme Market Country Level Analysis
The biofuel enzyme market is analysed and market size, volume information is provided by country, application and type as referenced above.
The countries covered in the biofuel enzyme market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the biofuel enzyme market and will continue to flourish its dominance during the forecast period owing to the massive use of the biofuels in the countries like the U.S. and existence of superior technologies in this region. Asia-Pacific will continue to undergo substantial gains during this period owing to the growth and expansion of end user verticals in this region, high economic growth in the emerging countries, abundant availability of raw materials, rising industrialization and the increasing disposable income.
The country section of the biofuel enzyme market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Biofuel Enzyme Market Share Analysis
The biofuel enzyme market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biofuel enzyme market.
The major players covered in the biofuel enzyme market report are DSM, BASF SE, DuPont., AB Enzymes, Iogen Corporation., Codexis., Noor Enzymes Pvt Ltd, Novozymes, Advanced Enzyme Technologies., Enzyme Supplies Limited, Transbiodiesel LTD, suzhou Sino Enymes, Dyadic International Inc.,, Sekab, Targray Technology International Inc., Advanced BioFuels USA., Dow, Guangdong VTR Bio-Tech Co., Ltd. Amicogen, and Aumenzymes among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.