Biofuel enzymes demand was worth USD 1,021.9
million in 2011 and is
expected to reach USD 1,653.1 million in
2018, growing at a CAGR of 7.6% from 2013 to 2018. In the overall global
market, North
America is the largest
market; however Asia Pacific is
expected to be the most promising market in the near future.
The global biofuel enzymes
market is
mainly driven by growth in end application markets i.e. growing consumption of
biodiesel and bio-based ethanol. In addition, increasing awareness about
sustainability and changing economics of fossil fuels is forcing governments to
form legislations for blending of biofuel. This has helped in reduction in the
cost of fuel as well as reduction of carbon dioxide emissions. All this
resulted in rising consumption of biofuel and thus the growing market for
biofuel enzymes.
With respect to type, the biofuel enzyme
market includes amylases, industrial lipases and others. Amylase is the fastest
growing segment of the global biofuel enzymes market due to its capability to
withstand wide range of temperature and pH level. The market for amylases
enzymes is growing at a CAGR of 8.0% from 2013 to 2018 and it is further sub
divided into two type's which includes cellulase and industrial proteases
enzymes. The market for industrial proteases is growing rapidly at a CAGR of
8.7% from 2013 to 2018.
The North America is the
clear leader in the overall market for biofuel enzymes growing at a CAGR of
7.8% from 2013 to 2018. However in future growth is expected to be robust in
the economies of Europe and Asia Pacific. The European Union is
making remarkable progress in using bioenergy for transportation purposes.
Moreover, surging oil prices is speeding up the approval process for biofuel
manufacturing. In Asia Pacific, China is the most attractive market for biofuel
enzymes due to its low cost structure.
This research is specially designed to estimate and analyze the
demand and performance of biofuel enzymes in a global scenario. The research
provides in-depth analysis of biofuel enzymes manufacturers, product sales, and
trend analysis by segments and demand by geography. The report covers all the
major product segments of the biofuel enzymes market and provides in-depth
analysis, historical data and statistically refined forecast for the segments
covered. The study presents a comprehensive assessment of the stakeholder strategies,
winning imperatives for them by segmenting the biofuel enzymes market as below:
·
Global biofuel enzymes market, by types
o Amylases
§ Cellulase
§ Industrial
Proteases
o Industrial
Lipases
o Others
·
Global biofuel enzymes market, by applications
o Biodiesel
o Starch/corn
based ethanol
o Lignocellulosic
ethanol/biofuels
o Others
·
Global biofuel enzymes market, by geography
o North America
o Europe
o Asia-Pacific
o Rest of
the World (RoW)
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