Maharashtra, India -- (SBWIRE) -- 03/23/2019 -- Technical Enzymes Market
Summary
Enzymes are protein molecules functioning as specialized catalysts for chemical reactions. They have contributed greatly to the traditional and modern chemical industry by improving existing processes.
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Technical enzymes are typically used as bulk enzymes in textile, pulp and paper industries, organic synthesis and biofuels industry. The global average price of Technical Enzymes is in the increasing trend, from 4618 USD/MT in 2013 to 4893 USD/MT in 2017. With the situation of global economy, prices will be in decreasing trend in the following five years.
Technological Advancements
The classification of Technical Enzymes includes Amylases, Cellulases, Proteases, Lipases and other, and the sales proportion of Amylases in 2017 is about 37.8%, the sales proportion of Cellulases in 2017 is about 24.3%.
Technical enzymes are typically used as bulk enzymes in textile, pulp and paper industries, organic synthesis and biofuels industry. The most proportion of Technical Enzymes is used Detergents, and the proportion in 2017 is about 34.1%.
Europe is the largest supplier of Technical Enzymes, with production market share nearly 38.7% in 2017.
North America is the largest consumption place, with a consumption market share nearly 37.2% in 2017. Following North America, Europe are also very important market with the consumption market share of 27%. China is also an important consumption area.
According to this study, over the next five years the Technical Enzymes market will register a 3.0% CAGR in terms of revenue, the global market size will reach US 2490 million by 2024, from US 2090 million in 2019.
This study considers the Technical Enzymes value and volume generated from the sales of the following segments:
Segmentation by product type:
Amylases
Cellulases
Proteases
Lipases
Other
Segmentation by application:
Detergents
Bioethanol
Paper & Pulp
Textile & Leather
Other
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Novozymes
DuPont
BASF
Associated British Foods
DSM
VTR Bio-Tech
Advanced Enzyme Technologies
SunHY
MAPS Enzyme
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
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Key Benefits:
1.The research report provides a detailed analysis of the Technical Enzymes Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Technical Enzymes Market is provided.
3.Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4.The qualitative and quantitative analysis of the market from 2019 to 2022 is provided to put forth the market potential.
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Overall, this Technical Enzymes market research report depicts thorough overview of the market, which, in turn, will help the industry participants, consultants, equipment manufacturers, as well as the existing key players searching for potential growth opportunities and the stakeholders to align their market-centric strategies in view of the on-going and projected trends in the coming years.
Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Technical Enzymes market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Technical Enzymes?
What are the key outcomes of Porter's five forces analysis of the Technical Enzymes market?
Conclusion:
The report concludes with the profiles of major players in the Technical Enzymes Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.
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