Global Industrial Enzymes Market Trends

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Global Industrial Enzymes Market Size, Share, and Trends Analysis Report Trends

  • Chemical and Materials
  • Oct 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

“Integration of Industrial Enzymes in Biofuel Production”

  • A rising trend in the industrial enzymes market is the use of enzymes in the production of second-generation biofuels, where they assist in breaking down lignocellulosic biomass into fermentable sugars
  • Enzymes such as cellulases and hemicellulases are critical in converting agricultural waste into ethanol, reducing reliance on fossil fuels
  • Government support for renewable energy and carbon neutrality is accelerating investments in enzyme-based biofuel technologies 
    • For instance, in February 2024, Novozymes announced a strategic collaboration with an Asian bio-refinery to scale enzyme-enabled bioethanol production from crop residues
  • This trend is expected to drive strong demand for industrial enzymes in energy applications, contributing to greener fuel solutions globally