The global biofuel enzymes market is expected to grow at a CAGR of 6% between 2021 and 2026. The global market for biofuel enzymes is being driven by the increasing replacement of diesel with biodiesel globally.
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Aided by the robustly growing demand for biofuels and the rising automotive industry, North America is the one of the leading regions in the market. Europe and the Asia Pacific region are expected to be significant markets for biofuel enzymes, aided by favourable governmental policies regarding biofuel. Europe has increasingly started using bioenergy for transportation and biofuel due to the high oil prices, as a result contributing significantly to the growth of the biofuel enzymes industry. The Middle East region is also projected to present lucrative growth opportunities for the market players due to the increase in biofuel demand from the transport sector and the rising purchasing power of consumers.
Biofuels are referred to as any fuel that is renewable and sustainable and are generally recovered from animal matter or plant waste. It is generated by a biochemical process, which makes use of proteins called biofuel enzymes to catalyse the chemical reaction, performance, productivity, and environmental gains in the biofuels.
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The market is divided on the basis of product into:
Based on application, the market is segmented into:
The report also covers the regional markets of the biofuel enzymes like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global market for biofuel enzymes is being driven by the growing replacement of the rising global demand for biofuel due to the increasing conversion of biomass to biofuels made possible by biofuel enzymes, helping provide an ideal source of clean and sustainable energy. Further, growing environmental concerns, as well as an increase in the government policies to make legislations for a biofuels blending, have boosted the market growth for biofuel enzymes. Biofuels are expected to have increased market growth owing to the inevitable depletion of non-renewable resources and encouraging environmental features.
The rising markets for end application and increasing consumption of biodiesel as well as bio-based ethanol are expected to enable a reduction in the carbon dioxide emissions and cost of fuel within the forecast period. Various institutions like the National Renewable Energy Laboratory (NREL) and the United States Department of Energy (DOE) have achieved prominence in discovering newer biofuel enzymes that would aid in mitigating economic and technical barriers. Numerous sectors like transport, chemical, power, domestic, and agriculture have started utilising biofuel enzymes within their production line; thus, resulting in the market growth of biofuel enzymes.
The rising need for improved efficiency and specificity of the products is estimated to bring in accelerated growth opportunities within the biofuel enzymes industry. The increasing government policies and legislations in order to blend biofuel are expected to propel the market forward.
The report gives a detailed analysis of the following key players in the global biofuel enzymes market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
|Scope of the Report||Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product, Application, Region|
|Breakup by Product||Amylases, Industrial Lipases, Cellulose, Others|
|Breakup by Application||Biodiesel, Starch/Corn Based Ethanol, Lignocellulosic Ethanol, Others|
|Breakup by Region||North America, Latin America, Europe, Middle East and Africa, Asia Pacific|
|Market Dynamics||SWOT, Porter's Five Forces, Key Indicators for Price and Demand|
|Price Analysis||Historical and Forecast Price Trends-Regional|
|Competitive Landscape||Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications|
|Companies Covered||Novozymes A/S, BASF SE, DuPont de Nemours Inc., Royal DSM N.V., Others|
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*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.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
7 Industry Opportunities and Challenges
8 Global Biofuel Enzymes Market Analysis
8.1 Key Industry Highlights
8.2 Global Biofuel Enzymes Historical Market (2018-2022)
8.3 Global Biofuel Enzymes Market Forecast (2023-2028)
8.4 Global Biofuel Enzymes Market by Product
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.4.2 Industrial Lipases
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5 Global Biofuel Enzymes Market by Application
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.5.2 Starch/Corn Based Ethanol
18.104.22.168 Market Share
22.214.171.124 Historical Trend (2018-2022)
126.96.36.199 Forecast Trend (2023-2028)
8.5.3 Lignocellulosic Ethanol
188.8.131.52 Market Share
184.108.40.206 Historical Trend (2018-2022)
220.127.116.11 Forecast Trend (2023-2028)
8.6 Global Biofuel Enzymes Market by Region
8.6.1 Market Share
18.104.22.168 North America
22.214.171.124 Asia Pacific
126.96.36.199 Latin America
188.8.131.52 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
184.108.40.206 United States of America
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
220.127.116.11 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
18.104.22.168 Saudi Arabia
22.214.171.124 United Arab Emirates
126.96.36.199 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Novozymes A/S
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.2 BASF SE
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
13.2.3 DuPont de Nemours, Inc.
188.8.131.52 Company Overview
184.108.40.206 Product Portfolio
220.127.116.11 Demographic Reach and Achievements
13.2.4 Royal DSM N.V.
18.104.22.168 Company Overview
22.214.171.124 Product Portfolio
126.96.36.199 Demographic Reach and Achievements
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Biofuel Enzymes Market: Key Industry Highlights, 2018 and 2028
2. Global Biofuel Enzymes Historical Market: Breakup by Product (USD Million), 2018-2022
3. Global Biofuel Enzymes Market Forecast: Breakup by Product (USD Million), 2023-2028
4. Global Biofuel Enzymes Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Biofuel Enzymes Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Biofuel Enzymes Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Biofuel Enzymes Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Biofuel Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Biofuel Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Biofuel Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Biofuel Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Biofuel Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Biofuel Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Biofuel Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Biofuel Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Biofuel Enzymes Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Biofuel Enzymes Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Global Biofuel Enzymes Market Structure
The global biofuel enzymes market is projected to grow at a CAGR of 6% between 2021 and 2026.
The major drivers of the market include the increasing replacement of diesel with biodiesel globally, rising automotive industry, and growing environmental consciousness.
The growing implementation of favourable governmental policies is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products of biofuel enzymes in the industry are amylases, industrial lipases, and cellulose, among others.
The significant application segments in the market are biodiesel, starch/corn based ethanol, and lignocellulosic ethanol, among others.
The major players in the industry are Novozymes A/S, BASF SE, DuPont de Nemours Inc., and Royal DSM N.V., among others.
Aided by the growing demand for biofuels, the global biofuel enzymes market is expected to witness a healthy growth in the forecast period of 2023-2028, growing at a CAGR of 6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market is divided on the basis of product into amylases, industrial lipases, cellulose, and others. Based on application, the market is segmented into biodiesel, starch/corn based ethanol, lignocellulosic ethanol, and others. The major regional markets for biofuel enzymes are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Novozymes A/S, BASF SE, DuPont de Nemours Inc., Royal DSM N.V., and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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