Global Enzyme For Textile Market Overview:
Enzymes are sizable, high-molecular-weight protein structures made by living cells such as those of animals, bacteria, plants, and fungi. These molecules have highly precise active sites that catalyze particular biochemical events. They are also used as a pre-treatment before dying to shorten the time spent rinsing and increase the quality of the color. They are used to improve the preparation of cotton by minimizing impurities, weaving, and fabric pulls. Without altering themselves, they begin the chemical reaction, causing it to proceed quickly and effectively. The market for textile enzymes may benefit from an increase in textile production globally. The market for textile enzymes has significant growth potential, and improvements in textile production also present new growth opportunities.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Advancements in R&D Activities for Technical Enzymes, Advancements in Enzyme Engineering & Green Chemistry and the Introduction of Genetically Engineered Enzymes and Rising Adoption of Sustainable & Renewable Chemical Alternatives
Market Growth Drivers:
Multi-Functionalities of Enzymes, Increase in textile production and Benefits of textile enzymes
Challenges:
Concerns over Quality, Safety, and Consumer Perception toward Enzymes
Restraints:
Stringent regulatory framework and High Cost of Textile Enzymes
Opportunities:
Demand for an Alternative to Synthetic Chemicals and Growing Use of Enzymes in Fabric De-sizing and Bio-Polishing
Competitive Landscape:
Global Enzyme for Textile is a fragmented market due to the presence of various players. The players are focusing on planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Some of the key players profiled in the report are AB Enzymes (Germany), BASF SE (Germany), DSM (Netherlands), DuPont (United States), Genotek Biochem (India), LUMIS (United States), Maps Enzymes Ltd. (India), Novozymes (Denmark), Refnol Resins & Chemicals Ltd (India) and Tex Biosciences Private Limited (India). Considering Market by Distribution Channels, the sub-segment i.e. Manufacturers will boost the Enzyme For Textile market.
Latest Market Insights:
In October 2021, DSM acquired First Choice Ingredients for an enterprise value of USD 453 million. This acquisition by DSM will be highly synergetic for both companies. DSM can further accelerate the growth of First Choice Ingredients by offering their products outside the US to DSM’s broad global customer base and integrating their solutions in DSM’s full offering on taste, texture and health in sustainable solutions for Food & Beverage customers.
In November 2021, Novozymes and Novo Nordisk Pharmatech entered into a patnership that combines the companies’ joint competencies and interests within the development of specialty enzymes for use in biopharma processing and regenerative medicines.
What Can be Explored with the Enzyme For Textile Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Enzyme For Textile Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Enzyme For Textile
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Enzyme For Textile market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Enzyme For Textile market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Textile Enzyme Developers, Textile Industry, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.