Asia Pacific Detergent-Grade Enzymes Market Key Insights:
- Enzyme Types – Protease, Amylase, Cellulase, Lipase, Others
- Price Analysis & Outlook 2019-2024
- Capacity Addition & Plant Turnarounds
Aided by the growth in the global enzymes market, the Asia Pacific enzymes market grew at a CAGR of about 7% between 2014 to 2018. The Asia Pacific market is expected to grow further in the forecast period of 2019-2024, attaining a value of around 400 kilo metric tons by 2024. The market will be driven by a rising demand in the pharmaceutical, and food and beverage sectors, and the growing availability of raw materials required for biofuel production.
Properties and Applications
Enzymes are natural proteins that act as catalysts in biological chemical reactions. They find extensive application in sectors like:
- Food and beverage
- Starch processing
- Molecular biology
- Animal feed
- Paper and pulp
- Gas and oil
- Chemical engineering
- Brewing and tanning
Food and beverage sector are a leading application segment for enzymes driven by a rising population, leading to growth in the consumption of fermented food products where enzymes are largely used. Protease, amylase, lipase and cellulase are the major types available in the market.
China is one of the leading regions in the global enzymes market, aided by a growing middle-class population, rising urbanisation, and increasing per capita income. It is major producer and consumer of enzymes globally. In India, another emerging enzymes market, industrial enzymes dominate the market, finding application in detergents, food and beverage, and textile industries.
Proteases dominate the market in Asia Pacific, particularly China and India, as they find extensive applications in chemical, pharmaceutical and detergent sectors. Thus, the growing application of enzymes in detergent and pharmaceutical sectors along with rising disposable income and rapidly growing urbanisation are propelling the protease demand in India. The rising enzymatic detergents industry in China is aiding the protease market growth.
Globally, the detergent market is expected to witness a healthy growth in the forecast period in emerging regions like China and other Asian countries while mature markets like Japan will witness a slower growth in the coming years. Although powder detergents dominated more than half the detergent market in India and China in 2017, they are seeing a rising competition from liquid detergent as they come pre-dissolved and are easier and more convenient to use. The liquid detergent sector in the region is also finding further impetus due to the better innovations and improved stability of enzymes in the detergents. In China, enzymatic detergents have the largest share, and is expected to further grow with the introduction of improved enzymatic detergent products. In India, enzymatic detergents hold a small but significant share and is expected to grow in the coming five years with the penetration of the products in the rural areas as well as an increase in the demand for medium and premium quality detergents.
The report provides a detailed analysis of the following key players in the Asia Pacific enzymes market, looking into their market share, capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and expansions:
- Novozymes Asia Pacific, Inc
- Genencor China Bio-Products Co. Ltd.
- Danisco India Pvt Ltd.
- Advanced Enzyme Technologies Limited
- Amano Enzymes China Ltd.
- Sunson Industries Group Co. Ltd.
- Maps (India) Limited
- Inner Mongolia VTR Bio-Tech Co., Ltd.
- Aum Enzymes
EMR’s comprehensive report provides a detailed analysis of the industry, providing a SWOT analysis of the market as well as an analysis of Porter’s five forces. The report also provides an in-depth insight into the detergent-grade enzymes market in China, Japan, India and ASEAN.