Technical enzymes are mainly used in industrial applications. Besides, the known applications in the food industry are anticipated to fuel the market growth to a greater extent. The technical enzymes are mainly used for Splitting of carbohydrates, fats, or proteins in the food industry. Moreover, it is also used in the production and processing of textile, in which the jeans stoning sector is expected to create lucrative opportunities for the manufacturers operating in the technical enzymes market. Paper, pulp, and waste paper treatment industries are also anticipated to create substantial demand for technical enzymes over the forecast period.
MARKET DYNAMICS
The global technical enzymes are expected to fuel rigorously over the forecast period owing to the multi-functionality of technical enzymes. With abundant uses and benefits of technical enzymes, technical enzymes are observing a surge in demand from numerous end-use industries. Moreover, rising demand for technical enzymes from pulp and paper industry, textile and leather processing, starch processing, fine oilfield chemicals, wastewater treatment plants, and bioethanol manufacturers is driving the global technical enzymes market. Though, rising competition among raw material suppliers for manufacturing technical enzymes along with growing cost is hampering the market of technical enzymes globally.
MARKET SCOPE
The "Global Technical Enzymes Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the technical enzymes with detailed market segmentation by industry, form and type. The global technical enzymes market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading technical enzymes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global technical enzymes market is segmented on the basis of industry into biofuel, starch processing, textiles and leather, paper and pulp, other industries. On the basis of form the technical enzymes market is segmented into liquid and dry. On the basis of type the global technical enzymes market is segmented into amylases, cellulases, proteases, lipases, and other types.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global technical enzymes market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The technical enzymes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the technical enzymes market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the technical enzymes market in these regions.
MARKET PLAYERS
The reports cover key developments in the technical enzymes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from technical enzymes market are anticipated to lucrative growth opportunities in the future with the rising demand for technical enzymes in the global market. Below mentioned is the list of few companies engaged in the technical enzymes market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the technical enzymes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BASF
- Dupont
- ABF
- Novozymes
- DSM
- Dyadic International
- Advanced Enzymes Technologies
- Maps Enzymes
- Epygen Labs
- Megazyme
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.