Global Biofuel Enzymes Market Overview

Biofuel enzymes are bio-catalysts which modify and enhance the ongoing reactions, resulting in increased productivity of the biofuels. Notably, the global biofuel enzymes market is projected to witness a healthy growth during the forecast period on account of increasing environmental concerns and government policies to formulate legislations regarding biofuels.

Product Insights

Based on product characteristics, the Biofuel Enzymes Market is segmented into industrial lipases, amylases and others. The market for amylases enzymes is sub-categorized into industrial proteases and cellulases. Notably, amylase market is anticipated to grow substantially due to its ability to endure broad range of pH levels and temperature. This in turn expected to contribute to the growth of biofuel enzymes market. Furthermore, the shift toward use of cellulases along with the associated enzymes for cellulosic ethanol production is expected to drive the market growth in the coming years.

Application Insights

Based on application, the market is segmented into lignocellulosic ethanol, biodiesel, corn/starch-based ethanol and others. As biodiesel is an eco-friendlier fuel, it serves as a substitute for diesel globally. Its growing demand is fuelling the growth of biofuel enzyme market. Corn-based ethanol is anticipated to account for a major share of the biofuel enzymes market during the forecast period, owing to its ability to produce less pollution. Furthermore, development of technologies associated with biofuel enzymes which are specifically used in production of cellulosic ethanol, are substantially contributing to the rapid growth of the biofuel industry.

Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3722

Regional Insights

Regionally, the North American and European market are witnessing rapid growth in the biofuel enzymes market owing to increase in biofuel demand. The major challenges faced by these regions such as declining natural resources, increasing greenhouse emissions and the need to fulfil Kyoto protocols are countered by biofuels, thereby contributing to the growth of biofuel enzyme market. Furthermore, Asia Pacific market is proving to be a lucrative market for biofuel enzymes owing to its low-cost structure.

Competitive Landscape

Some of the leading companies in the market are AB Enzymes GmbH, Du Pont de Nemours & Co., Logen Corporation, NextCAT Inc., Codexis Inc., Noor Creations, Novozymes A/S, Royal DSM NV, Verenium Corporation, among others.

Some of the leading players in the global biofuel enzymes market are AB Enzymes GmbH, Codexis Inc., Du Pont de Nemours & Co., Logen Corporation, NextCAT Inc., Noor Creations, Novozymes A/S, Royal DSM NV, Verenium Corporation, among others.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of leading manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service offerings, distribution channels and presence of all major players operating in global biofuel enzymes market.

TechSci Research calculated the market size of biofuel enzymes using a top-down approach where data for various end-user segments was recorded and forecasted for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

About TechSci Research:

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.