World Biocatalyst Market Grew at 6% CAGR during 2009-2016, States IMARC Group in In-demand Report Now Available at MarketPublishers.com30 Nov 2017 • by Natalie Aster
LONDON – The world biocatalyst market reached around 100 kilotons in volume as of 2016, registering approximately 6% CAGR over 2009-2016. The use of biocatalysts has expanded at a rapid pace, owing to the advances in technology alongside the eco-friendly nature of these substances.
Traditionally utilised to modify biologically derived (or renewable) feedstocks, they are currently being used in the manufacturing of biological fuels, biopharmaceuticals, amid other. Furthermore, the surging awareness about the advantages of biocatalysts and their environmental sustainability has spurred the demand from such industries as food and drinks, detergents, starch processing and textiles. Thus, the market is projected to reach around 140 kilotons in volume terms by 2022.
To date, hydrolases make up the largest biocatalyst type, capturing the lion’s share of the total market. Oxidoreductases and transferases represent other key types.
New in-demand research report “Biocatalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022” elaborated by IMARC Group provides an unprejudiced, granular analysis and forecast of the marketplace on a global level.
The study offers granular market segmentation and analysis based on type and application, limelighting the segments’ potential as of now and in the offing. It also includes a region-wise analysis of the biocatalyst market. The report covers the historical and current market performance, canvasses key market drivers and challenges alongside their impact on the present and future market situation, reveals the latest trends in the industry, provides a detailed SWOT analysis, includes Porter’s five forces analysis, and gives a comprehensive analysis of the value chain, etc. The study examines the competitive landscape, covers the market shares of the leading players. It includes detailed profiles of the top players, such as Novozymes, Royal DSM, and DuPont, among others.
More new in-demand reports by this publisher can be found at IMARC Group page.