Posted on 29 Jan 2019
According to a new report by EMR titled, ‘Global Detergent Grade Enzymes Market Report and Forecast 2019-2024’, the global enzymes market reached a volume of over 908 kilo metric tons in 2018 and is projected to see further growth in the period 2019-2024 with a CAGR of 6.6% annually.
Enzymes are biocatalysts which accelerate biochemical reactions and find major applications in the food and beverages, and cleaning industries. The enzymes market is divided into industrial and synthetic enzymes based on application with industrial enzymes finding their applications in detergents, starch processing and animal feeds sectors, and synthetic enzymes being used in pharmaceutical, research and biotechnology, diagnostics, and biocatalyst sectors. Industrial enzymes dominate the global enzymes market with cleaning products, especially detergents, accounting for almost a quarter of their global demand.
Protease and lipase are the popular enzymes found in most biological laundry detergents, with proteases accounting for the major portion of the global enzymes use, especially in Asia-Pacific countries like India and China. Enzymatic biological detergents have a superior stain removal function with proteases breaking down protein-chains into soluble amino acids and lipases breaking down fatty materials like oil and butter. Their ability to function in low temperature make them energy efficient and give the consumers the ability to wash a wide range of clothes at one go without worrying about hot water damaging sensitive clothes like silk and wool.
The Asia-Pacific enzymes market is expected to see a robust growth in the period between 2019 and 2024 with a CAGR of almost 10%, with countries like India, China, Indonesia and Malaysia leading the market. Demand for enzymes in pharmaceutical and detergent sectors are driving the market in the region, especially in India and China. The growing market for detergent-grade enzymes like proteases in India and China are the major drivers behind the healthy growth of the Asia-Pacific enzymes market. In fact, the APAC region is the leading consumer of detergents globally with enzymatic detergents accounting for half the detergent usage in China.
Market Analysis by Type, Application, and Region:
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/detergent-grade-enzymes-market-report
Key Findings of the Report:
Key Offering of the Report:
Novozymes Inc., DSM Nederland B.V., DuPont Co., Archer Daniels Midland Company, Amano Enzymes and AB Enzymes GmbH are the major players in the global enzymes industry discussed in the report. The report by EMR provides a comprehensive view into the latest developments of the competitive landscape of the global enzymes industry including mergers and acquisitions, plant turnarounds and expansions in capacity.
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