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Global Urease Market to Grow at a Healthy Pace During 2021-2026, Aided by the Rising Industrial Applications of the Product
According to a new report by EMR titled, ‘Global Urease Market Report and Forecast 2021-2026’, the global market for urease is being driven by the growing enzymes market, which reached USD 10 billion in 2020. The enzymes market is further expected to grow at a CAGR of 7.5% during 2021-2026 to attain USD 15 billion by 2026.
The growth of the global urease industry is being driven by the rising industrial applications of the product. The product finds extensive uses in the agricultural sector. Since urease from plant sources is comparatively less toxic than the conventional fertilisers and also has nearly no side effects, the global urease industry is expected to further grow in the forecast period. The agronomic and ecological advantages of urease in inhibitors will also boost the growth of the market. Moreover, the global trend of adopting organic products over synthetic products and increased clinical diagnostic consumption will aid the growth of the urease industry. The growth of the product is likely to increase further in the coming years to replace the toxic and chemical fertilisers in the agricultural sectors, thus, driving the market growth in the coming years.
The growth of the major players in the industry is also expected to influence the growth of the market positively. BBI Solutions is one of the leading manufacturers of the product and has produced and supplied the product to the diagnostic industry for over 30 years. The company ensures that they achieve high specific activity and batch-to-batch consistency. It provides reagent and sensor producers with urease products of proven performance, which further boosts its demand growth in the market.
Market Analysis by Source, Application, and Region:
- The sources of the product can be divided into plant, bacterial, and fungi, among others.
- Urease finds wide applications in biosensors and clinical chemistry, among others.
- The regional markets for urease include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key Findings of the Report:
- The agricultural and environmentally friendly properties of urease is expected to boost the global demand for urease.
- The fertiliser sector and clinical needs are driving the growth of the global urease industry.
- The rising adoption of organic products over synthetic and increased clinical diagnostic consumption is expected to further support the growth of the global market for urease.
- The use in industrial applications such as biosensors aids the growth of the urease industry.
Key Offerings of the Report:
- The EMR report gives an overview of the global market for urease for the periods (2016-2020) and (2021-2026).
- The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the sources, applications, and major regions of urease.
- The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.
The major players in the global urease market are BBI Solutions, Sekisui Diagnostics Limited, Sisco Research Laboratories Pvt. Ltd., and Calzyme Laboratories, Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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