Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 343.45 Million |
| USD 488.42 Million | |
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Global Sulfatases Market, By Function (Hormone Regulation, Cellular Degradation, Modulation of Signalling Pathways), Application (Hormone-Dependent Cancers, Lysosomal Storage Disorders, Developmental Abnormalities, Bacterial Pathogenesis), End User (Hospitals, Ambulatory Surgical Centres, Others) – Industry Trends and Forecast to 2029.
Enzymes are chemicals or catalysts that cells release to accelerate specific chemical reactions. They aid in the reduction of reaction time without being a part of the reaction. When digestibility-improving enzymes are used in animal feed, they help break down parts of the diet that the animal's digestive system cannot break down effectively on its own.
Data Bridge Market Research analyses that the sulfatases market which was valued at USD 343.45 million in 2021 and is expected to reach an approximate value of USD 488.42 million in 2029 growing at a CAGR of 4.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Function (Hormone Regulation, Cellular Degradation, Modulation of Signalling Pathways), Application (Hormone-Dependent Cancers, Lysosomal Storage Disorders, Developmental Abnormalities, Bacterial Pathogenesis), End User (Hospitals, Ambulatory Surgical Centres, Others)
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Countries Covered
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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
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Market Players Covered
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Bayer AG (Germany), BASF SE (Germany), Yara International (Norway), Compass Minerals (U.S.), Sumitomo Chemicals (Japan), UPL (India), K+S Group (Germany), Israel Chemical Company (Israel), Novozymes A/S (Denmark), Syngenta Crop Protection AG (Switzerland), Enzyme India Pvt. Ltd. (India), Cypher Environmental LTD (U.S.), Afrizymes (Pty) Ltd. (Australia), American Biosystems Inc. (U.S.)
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Opportunities
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Market Definition
Sulfatases are esterase enzymes that catalyse the hydrolysis of sulphate esters. These can be found on a wide variety of substrates, such as steroids, carbohydrates, and proteins. Sulfate esters can be made from a variety of alcohols and amines. Sulfatases are involved in sulphur cycling in the environment, the degradation of sulfated glycosaminoglycans and glycolipids in the lysosome, and the remodelling of sulfated glycosaminoglycans in the extracellular space. Sulfatases, along with sulfotransferases, form the primary catalytic machinery for the synthesis and breakdown of sulphate esters.
Drivers
Sulfatases are driving market growth by increasing demand for animal-based products such as dairy products, meat products, and eggs, as well as increasing demand for naturally produced feed and feed additives and the easy availability of feed ingredients at lower prices.
Growing awareness of food safety and animal health will also act as a growth driver for the market, as will rising demand for animal protein, an increase in the animal population, and the remarkable benefits of enzymes.
The increased demand for enzymes in the pharmaceutical industry to synthesise intermediates in active pharmaceutical ingredient (API) production for effective medications is expected to drive the enzymes market forward. Similarly, the ability of an enzyme to convert complex molecules to simpler molecules (starch to glucose) in food and beverage companies, removal of fats and oil stains in the detergent industry, bioethanol for biofuel production, and improved bleaching properties in the paper and pulp industries are expected to drive sulfatases demand in the coming years.
Opportunity
The increasing investment in R&D and adoption of AI and IoT technologies by top market players has resulted in the rapid growth of the global sulfatase market. In the near future, increased government investment in urbanisation is expected to support market growth. Over the forecast period, the market is expected to grow steadily. The presence of key ecosystem players has resulted in a competitive and diverse market.
Restraints
However, rising environmental concerns are acting as a market restraint for the sulfatases market during the forecasted period.
This sulfatases market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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, geographic expansions, technological innovations in the market. To gain more info on the sulfatases market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The economic fallout from the COVID-19 pandemic is being felt by many industries and businesses, with major economies experiencing unprecedented contractions that will take a long time to recover to pre-pandemic levels of growth. The COVID-19 pandemic has had an impact on global industrial production by affecting both raw materials and the supply chain. The pandemic has had a massive impact on the global manufacturing sector. Companies are changing their supply chains, particularly in industries that rely on imports.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
The sulfatases market is segmented on the basis of function, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Function
Application
End users
The sulfatases market is analysed and market size insights and trends are provided by country, function, application and end users as referenced above.
The countries covered in the sulfatases 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 contributed the most to the sulfatases market due to recent advances in protein engineering in the biotechnology sector, followed by Europe and Asia-Pacific. Due to the introduction of new enzymes used in the treatment of various chronic diseases and an increase in the number of development strategies implemented in this region by key players.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
The sulfatases 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 sulfatases market.
Some of the major players operating in the sulfatases market are:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.