Enzymes are basically proteins that function as a catalyst for accelerating the chemical reactions in the manufacturing of biofuels. The use of conventional chemical catalysts has several drawbacks due to which enzymes are employed to overcome these limitations.
According to the research report, ‘Global Biofuel Enzymes Market 2022-2028’ states that AB Enzymes GmbH, c-LEcta GmbH, Codexis, Inc., Danisco A/S, Dyadic International, Inc., Enzyme Development Corporation, Enzyme Solutions Inc., Enzyme Supplies Limited, Iogen Corporation, Jiangsu Boli Bioproducts Co., Ltd., Koninklijke DSM N.V., Novozymes A/S, Schaumann BioEnergy GmbH, Specialty Enzymes and Biotechnologies Co. (SEB), TransBiodiesel Ltd., and Verenium Corporation are some of the prime players functioning in the industry. The report presents an inclusive study of important sections like corporation trends, industry news and policies, cost structure analysis, sales, and marketing model, and much more. It further includes company profiling of each player aforementioned based on parameters like a company overview, Production Capacity, Revenue, Key business offerings, financial performance, Risk analysis, Recent developments, regional presence, and SWOT analysis. It further reviews how far along the player stands in the competition referring to the intense competition among several players to gain a major share in the market.
The Global Biofuel Enzymes Market has been globally further segmented by Product (amylase, cellulase, xylanase, lipase, and others) under which the amylase segment is expected to flourish during the forecast period, By Feedstock (starch, sugar, vegetable oils, animal oil & fats, waste oils & fats, algae, and others) among which the starch segment generates the maximum revenue, By Application (bioethanol, biodiesel, biomethane, renewable diesel, bio lubricant, and others) amongst which the bioethanol sector is the market leader by acquiring the largest share globally. The report also includes a detailed analysis of the market type by region focusing on its sales, sales volume & revenue forecast. The regions covered under this report are – Asia Pacific, Europe, North America, and the Rest of the world (RoW). The report identifies the Asia-Pacific region as the largest market for Biofuel Enzymes.
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The research report is equipped with various dimensions such as dynamics of the market both globally and region-wise, analysis of historical data, and technology development, strategies adopted by the aforementioned companies, and study of the market size (in terms of value and volume) based on demand and supply, market growth drivers, application details, market features, restraints, regional and industry wise investment opportunities and much more. It also analyses the research methodology and assumptions through various functional and analytical methods. The report also has dedicated sections focused on the covid-19 outbreak in the global biofuel enzymes market. These sections include market dynamics, historical and current market trends, impact on the product industry chain based on the upstream and downstream markets, and region-based synopsis.
In the forthcoming years, the global biofuel enzymes market will continue to increase and is anticipated to reach a value in terms of revenue of USD million by the end of 2028 with a double-digit CAGR during the review period of 2022-2028. Increasing use of biofuels in the transportation sector due to rising oil prices, a shift towards more renewable and sustainable forms of energy, and growing environmental concerns are some of the crucial factors responsible for the growth of biofuel enzymes globally.
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Ankur Gupta, Head Marketing & Communications