Global Textile Enzymes market, which is slated to accrue revenue worth 290.90 (USD Million) by 2026, is set to record the CAGR of nearly 3.9% over the period from 2020 to 2026.
Textile Enzymes Market
The global Textile Enzymes market, which is slated to accrue revenue worth 290.90 (USD Million) by 2026, is set to record the CAGR of nearly 3.9% over the period from 2020 to 2026. The report offers assessment and analysis of the Textile Enzymes market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, sales estimates, opportunities, evolving trends, and industry-validated data. The report offers historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million).
Enzymes that are utilized in processing of textiles, particularly for providing best finishing to garments and fabrics are referred as textile enzymes. Moreover, the products are used mainly for bio-polishing as well as de-sizing of many kinds of clothes including cotton fabrics like Jeans. Apart from this, the textile enzymes are projected to work on a particular kind of substrates. They are also used for eliminating starch, minimizing hydrogen peroxide degradation, and stopping lignin decay. Few of the enzymes widely used in textile processing are amylase, laccase, and catalase.
Market Growth Dynamics
Escalating product demand for eco-friendly and non-toxic products in textile processing has resulted in massive market growth in the recent years. In addition to this, a paradigm shift witnessed in designing of textiles coupled with launching of new methods in fabric finishing will provide new dimensions to the growth of the textile enzymes market over the coming years. Apart from this, few of the nations have become the proponents of low pollution textile processing techniques and this will drive the business growth over the forecast timeline.
Moreover, growing need for improving the processing efficiency, necessity of improving product quality, and growing requirement for saving water will boost the market trends. Need for minimizing environmental dilapidation will steer the market growth over the forecast timespan.
Asia Pacific To Account Majorly Towards Overall Market Revenue By 2026
The growth of the market in Asia Pacific zone over 2020-2026 is due to escalating demand for textile enzymes in countries such as Japan, India, and China. In addition to this, many of the established players of the industry have shifted their bases to the emerging nations of Asia and this will steer the business growth in Asia Pacific over the upcoming years.
Key players profiled in the report include Refnol Resins & Chemicals Ltd., BASF SE, AB Enzymes, Maps Enzymes Ltd., Novozymes A/S, E.I.du Pont de Nemours & Company, Lumis, Sunson Industry Group Co., Ltd., Zytex Pvt. Ltd, Genotek Biochem.
The global textile enzymes market is segmented as follows:
Escalating product demand for eco-friendly and non-toxic products in textile processing has resulted in massive market growth in the recent years.
The CAGR of the industry is expected to be nearly 3.9% during the forecast timeline.
Asia Pacific will contribute remarkably towards the global market share over the estimated timeline.
The key market players include AB Enzymes, Novozymes A/S, Lumis, Sunson Industry Group Co., Ltd., E.I.du Pont de Nemours & Company, Refnol Resins & Chemicals Ltd., Maps Enzymes Ltd., BASF SE, Zytex Pvt. Ltd, Genotek Biochem.