The report "Technical Enzymes Market by Type (Amylases, Cellulases, Proteases, and Lipases), Industry (Biofuel, Starch, Textiles & Leather, and Paper & Pulp), Source (Microorganism, Plant, and Animal), Form (Liquid and Dry), and Region - Global Forecast to 2026", is projected to grow from USD 1.1 billion in 2019 to USD 1.5 billion by 2026, recording a compound annual growth rate (CAGR) of 4.0% during the forecast period. The major factors driving the growth of the technical enzymes market include an increase in demand for biofuel in developing countries and advancements in R&D activities for technical enzymes.

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The biofuel industry is estimated to account for the largest share in 2019 in the technical enzymes market.

The biofuel industry is estimated to dominate the global market, on the basis of industry, in terms of value, in 2019. Consumer inclination toward an alternative to gasoline for the reduction in harmful auto & industrial emissions has augmented the usage of biofuels in many developed countries. Enzymes have been used for the conversion of biomass into biofuels, as they overcome many drawbacks associated with the use of traditional chemicals as catalysts for biofuel generation. Enzymes are safer substitutes for MTBE (methyl tert-butyl ether), as MTBE is a blending component to oxygenate gasoline and is hazardous to human health.

The starch industry is projected to account for the second-largest share during the forecast period.

The usage of enzymes in starch processing helps them to specifically react with carbohydrate components present in starch to retain moisture more efficiently and increase shelf life. Furthermore, enzymes are able to quickly reduce the viscosity of starch slurries to facilitate further handling and processing. They also play a role in halving the amount of pH chemicals (acidifiers) that are usually used in starch processing, as they help mitigate the pH; this helps in breaking down the large starch molecules into smaller molecules needed for liquefaction of starch.

North America is projected to account for the largest share in the technical enzymes market during the forecast period.

The North American market is projected to account for the largest share by 2025, due to various benefits of technical enzymes, as they are an environment-friendly and cost-effective alternative to replace the conventional alkaline or conventional acidic catalysts. Technological advancements have made technical enzymes available for a wide range of applications in biofuel, paper & pulp, textile & leather, starch processing, and other industries, which is estimated to drive the growth in the region. The North American region is estimated to be the largest market for technical enzymes, globally, owing to the development of novel and superior performing products, developed technologies, and global industrialization.

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Key vendors in the global market include BASF (Germany), DuPont (US), Associated British Foods (UK), Novozymes (Denmark), DSM (Netherlands), Dyadic International (US), Advanced Enzymes Technologies (India), Maps Enzymes (India), Epygen Labs (India), Megazyme (Ireland), Aumgene Biosciences (India), Enzymatic Deinking Technologies (US), Tex Biosciences (India), Denykem (UK), MetGen (Finland), and Creative Enzymes (US). These players have a broad industry coverage and high operational and financial strength.

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