What is Technical Enzymes Market?
Technical enzymes are used as bulk enzymes in detergents, textile, pulp, and paper industries, organic synthesis and biofuels industry. The enzymes used are amylases, proteases, lipases, cellulases, xylanases and catalases and others. Among which, α-amylases is the most versatile enzymes in the industrial enzyme sector due to the abundance of starch. Its applications range from the conversion of starch to sugar syrups, and the production of cyclodextrins for the pharmaceutical industry. Apart from this Lipases are used as industrial catalysts.
The market study is being classified by Type (Amylases, Cellulases, Proteases and Lipases) and major geographies with country level break-up.
BASF (Germany), DuPont (United States), Associated British Foods (United Kingdom), Novozymes (Denmark), DSM (Netherlands), Dyadic International (United States), Advanced Enzymes Technologies (India), Maps Enzymes (India), Epygen Labs (India), Megazyme (Ireland) and Aumgene Biosciences (India) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Enzymatic Deinking Technologies (United States), Tex Biosciences (India), Denykem (United Kingdom), MetGen (Finland) and Creative Enzymes (United States).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Technical Enzymes market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Technical Enzymes market by Type, Application and Region.
On the basis of geography, the market of Technical Enzymes has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Demand of Technical Enzyme in Various End Use Industries
- Benefits and Uses of Technical Feed Industry
Market Trend
- Increasing Usage in Animal Feed Industry
Restraints
- Availability of Substitute Products
Opportunities
- Growing Applications in Nutraceutical Spurs
- Increasing Demand from Textile Industry
Challenges
- Intense Competition among the Raw Material Suppliers
On August 2019, Creative Enzymes has launched some enzymes products, which can be used for many applications. The range from industrial enzymes to enzymes for daily use. and On September 2019, Dupont has launched Danisco POWERPasta range of enzymes, the latest solution for customers in the rapidly expanding global pasta sector.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organizations and Others