Biofuels Enzyme Market:Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024

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Report Code: ZMR-3189 | Report Format : | Status : Upcoming |

Abstract

Biofuels Enzyme Market: Overview

Biofuels are defined as any fuel which are renewable and sustainable and are majorly retrieved from waste plant and animal matter. Biofuels are produced by a biochemical process which employs proteins called as biofuel enzymes in order to hasten the chemical reaction, increases productivity, performance and environmental gains in the biofuels. Ethanol, biodiesel, methanol, and biobutanol are the outstanding biofuels that utilize biofuel enzymes during the production process. Biodiesel being a cleaner fuel serves as a replacement to diesel worldwide and its growing demand globally has boosted the growth of biofuel enzyme market, owing to the conversion of biomass to biofuels brought about by biofuel enzymes which provides an ideal source of clean and sustainable energy.

Biofuels Enzyme Market: Growth Factors

Growing environmental concerns and a rise in government policies to form legislations for a blending of biofuels have turned out to be the key drivers in expanding the global biofuels enzyme market. With the inevitable depletion of non-renewable resources and favorable environmental features, biofuels are the favored fuels of future. The market is also expected to be driven by growth in end application markets – increasing consumption of biodiesel and bio-based ethanol which has assisted in a reduction in the cost of fuel and carbon dioxide emissions during the forecast period. Institutions such as the U.S. Department of Energy’s (DOE) and National Renewable Energy Laboratory (NREL) accentuate on discovering newer biofuel enzymes which would help in abolishing economic and technical barriers preventing cellulosic biofuels from becoming a commercial reality. Multiple sectors such as transport, power, chemical, domestic and agriculture have initiated utilizing biofuel enzymes in their production line hence leading to the growth of global biofuel enzyme market, additionally, companies call for developing a cheaper process for the manufacture of biofuels. The major restraint in the growth of the global biofuel enzymes market is the enzyme cost, which is used in the production of lignocellulosic biofuel, additionally commercialization of lignocellulosic ethanol, development of low-cost enzymes for lignocellulosic biofuel and the rapid growth in the U.S. market owing to de rigueur practice of blending biofuel are expected to serve as opportunities in the global biofuel enzyme market over the forecast period.

Biofuels Enzyme Market: Segmentation

The global biofuel enzyme market is segmented on the basis of product and application. Based on type – lipase, xylanase, amylase, and cellulose; the market for amylases is further sub-segmented into industrial proteases and cellulose, amylase market is anticipated to grow at a rapid pace owing to its ability to withstand a broad range of temperature and pH level. Based on application – biodiesel, corn-based ethanol and lignocellulosic ethanol, technological advancements akin to biofuel enzymes which are specifically used in the production of cellulosic ethanol is substantially contributing to the brisk growth of the global biofuel enzyme market.

Biofuels Enzyme Market: Regional Analysis

North America is the dominant region in the global production biofuel followed by Latin America and Europe, North American and European markets are exhibiting rapid growth in the global biofuel enzyme market owing to increase in demand for biofuels. European countries have adopted a series of targets to fight climate change and mitigate the effects of fossil fuels depletion wherein, France and Germany look outstanding in terms of consumption of biofuel enzymes for the production of bioethanol. The future growth of the global biofuel enzyme market is anticipated to be potent in Europe and Asia-Pacific. Middle Eastern biofuel enzymes market is expected to observe lucrative opportunities owing to rise in demand for transportation fuels. India and China are also expected to experience healthy growth due to government initiatives for the production of biofuels during the forecast period.

Biofuels Enzyme Market: Competitive Players

Some of the major players in the global biofuel enzyme market are Novozymes A/S, E.I. du Pont de Nemours and Company, SunsonIndustry Group Co. Ltd., SinoBios, Specialty Enzymes & Biotechnologies, Transbiodiesel Ltd., Enzyme Supplies Limited, Koinklijke DSM N.V. and Advanced Enzyme Technologies Ltd.

Biofuels Enzyme Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • The UK
    • France
    • Germany
  • The Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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