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Technical Enzymes Market Projected to Garner Significant Revenues by 2026

Mar 23rd 2020 at 4:03 AM


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.

Technical Enzymes Market

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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.

Amylases have been estimated to dominate the market in 2019.

Amylases are technical enzymes that catalyze the hydrolysis of starch into sugars. As they are one of the main enzymes used in the industry to hydrolyze the starch molecules into polymers composed of glucose units. Amylase breaks down carbohydrates (polysaccharides) into disaccharides and, ultimately, into monosaccharides such as glucose. There are three types—alpha-amylase, beta-amylase, and gamma-amylase; all three types are glucoside hydrolases, which help in the process of starch degradation, by acting on glycosidic bonds to create short-chain sugars. These factors are projected to drive the demand for amylases type of enzymes during the forecast period.

The Asia Pacific region is projected to be the fastest-growing market for technical enzymes during the forecast period.

The Asia Pacific region projected to grow at the highest CAGR between 2019 and 2026. The increasing demand for technical enzymes in starch and textile & leather industries is projected to create lucrative growth opportunities for manufacturers in the market in the Asia Pacific region. This dominance is majorly due to the change in technological innovations in machinery, synthetic fibers, logistics, and globalization of business. Furthermore, the shift of industrial operations such as textile & leather production from developed nations in North America and Western Europe into the Asia Pacific region over the past decade has boosted the market for technical enzymes.

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Key vendors in the global technical enzymes 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 broad industry coverage and high operational and financial strength.

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