Much industrial catalysis is now dependent on enzymes as they are able to catalyze any chemical reaction. Traditional chemicals cannot provide the desired results as enzymes can be modified through optimized process conditions and protein engineering. Increased usage of enzymes in industrial applications has proven to provide higher product quality, lower manufacturing costs, minimum waste and an excellent energy saver.
Consumers are now more aware about the benefits of replacing petrochemicals with organic compounds such as enzymes and as a result the industrial enzymes market is stated for a strong growth in the coming years. Major industries such as the pharmaceutical industry, textile manufacturers and cosmetic industry have shifted to industrial enzymes in their production process which has resulted in a surge in demand for these enzymes.
The global industrial enzymes market consists of various enzymes, which can be broadly categorized as carbohydrases, proteases, lipases, and others. Carbohydrases form the major class of enzymes that catalyzes the breakdown of carbohydrates into simple sugar. They also account for the largest market share in the food and beverage, cleaning agents and textile industry. The current industrial enzymes market scenario is dominated by the North American and European regions, but these regions are estimated to witness a decline in market shares. Increased industrial activity and a growing food & beverages industry will see Asia-Pacific as one of the rapidly growing regions in this market. High growth in developing economies of South America and Africa are anticipated to offer huge growth opportunity for industrial enzymes in the near future.
Competitive landscape for each type of industrial enzymes is highlighted and key market players are profiled with attributes of business overview, financials, business strategies, product portfolio and recent developments pertaining to these fluids. Market shares of the key players for 2014 are also provided. The report encompasses the most detailed and in-depth segmentation and analysis of the industrial enzymes market for the period 2014 – 2020.
Most players in the global Industrial Enzymes Market are based in the U.S. and Germany.
Sample Companies Profiled in this Report are:
- BASF SE,
- E. I. du Pont de Nemours and Company,
- Dyadic International Inc.
- The Soufflet Group.