Global Biofuel Enzymes Market Overview:
Biofuel refers to a renewable and sustainable source of fuels derived from plant and animal waste matter. Biofuel enzymes act as the catalyst in this process and speed up the reactions to increase productivity. Biofuel enzymes market has high growth prospects owing to the increasing focus of market players on new product development. For instance, Royal DSM announced to bring advanced solutions for the biofuel industry with a full portfolio offering of enzymes and yeast for fiber, starch, and biomass conversions. Further, increasing applications of biofuel enzymes for bio-based biodiesel and ethanol production and rising government initiatives for biofuel production expected to drive the demand for biofuel enzymes over the forecasted period.
Growth Drivers
- Increasing Government Initiative for Biofuel Production
- Increasing Demand for Amylase Owing to its Ability to Bear Various Ph Levels and Temperatures
Roadblocks
- High Cost Associated with Biofuel Enzymes
Opportunities
- Rising Demand for Corn-Based Ethanol
- Increasing Application of Cellulases for Ethanol Production
Competitive Landscape:
Increasing government initiatives generating lucrative opportunities for the market players. For instance, NREL (National Renewable Energy Laboratory) of U.S. DOE (Department of Energy) are emphasizing on the production of new biofuel enzymes.
Some of the key players profiled in the report are AB Enzymes GmbH (Germany), NextCAT Inc. (United States), Du Pont de Nemours & Co. (United States), Iogen Corporation (Canada), Codexis Inc. (United States), Schaumann Bioenergy (Germany), Enzyme Development Corporation (United States), Enzyme Solutions Inc. (United States), Novozymes A/S (Denmark) and Royal DSM (Netherlands). Additionally, following companies can also be profiled that are part of our coverage like Jiangsu Boli Bioproducts Co. Ltd. (China) and Verenium Corporation (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Biofuel Enzymes market by 2026.
August 2018, Researchers at the Tokyo Institute of Technology detect enzyme belonging to the glycerol-3-phosphate acyltransferase (GPAT) family which can accelerate biofuel production.
What Can be Explored with the Biofuel Enzymes Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Biofuel Enzymes Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Biofuel Enzymes
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 Biofuel Enzymes 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 Biofuel Enzymes 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 Biofuel Enzymes Manufacturer, Potential Investors, Government Associations, Research Organizations, Market Research Firms 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.