The report, now available on ASDReports, “Biocatalysis & Biocatalysts Market By Type (Hydrolases, Oxidoreductases, Transferases, And Others), Application (Food & Beverages, Cleaning Agents, Agriculture & Feed, Biofuel Production, Biopharmaceuticals, And Others), And Geography - Forecast Till 2019”, defines and segments the biocatalysis and biocatalysts market with an analysis and forecast of value by type, such as hydrolases, oxidoreductases, transferases, and others. Along with this, the value and volumes of biocatalysis and biocatalysts by application and region are also discussed in the report.
The report also identifies the driving and restraining factors for biocatalysis and biocatalysts market with an analysis of drivers, restraints, opportunities, and strengths. The market is segmented and the value has been forecasted on the basis of important regions, such as Asia-Pacific, North America, Europe, and Rest of the World (RoW). Further, the market is segmented and the demand and value are forecasted on the basis of various key applications of biocatalysts, such as food & beverages, cleaning agents, biofuel production, and other applications.
Advancements in biocatalysis technology driving the biocatalysis and biocatalysts market
The application of enzymes and micro-organisms has grown wider from food & beverage to the production of biofuels. Biocatalysts have been used in the food & beverage industry and laundry detergent industry since decades but the application of enzymes in the production of biofuels in relatively new. The use of enzymes in laundry detergents has become extremely common in developed countries and is gradually gaining impetus in developing countries of Asia-Pacific and RoW.
The use of biocatalysts in the production of biofuel has been one of the most recent advancements in biocatalysis technology. The enzymatic approach to the production of biofuel is an example of green chemistry. All these advancements are driving the demand for biocatalysts.
Biocatalysis and biocatalysts market volume to reach 111.94 kilo ton by 2019
The market for biocatalysis and biocatalysts, in terms of volume, is projected to reach 111.94 kilo ton by 2019, witnessing a CAGR of 5.50% between 2014 and 2019. In terms of volume, Europe followed by North America dominated the biocatalysis and biocatalysts market in 2013 and are expected to register a steady CAGR by 2019. High technological innovation and high environmental awareness in the North American and European region is leading to high consumption of biocatalysts in the region. Due to rising spending capacity of consumers in the region, the biocatalysis and biocatalysts market is projected to witness a steady growth rate in Asia Pacific. The biocatalysis and biocatalysts market in RoW is expected to show high growth rate as the major application of biocatalysts is in the production of biofuel and in food & beverage industry which are fast growing end-user industries in this region.
North America and Europe together are expected to account for around 70% of the biocatalysis and biocatalysts market, in terms of volume, by 2019
Europe is the largest market for biocatalysis currently and the same is expected to continue till 2019. This is because of high environmental regulations in Europe which is resulting in high demand for biocatalysts in the production of biofuel. The North American market is expected to register second highest growth rate after Europe. The Asia-Pacific market is expected to show a steady growth rate but the market is currently lower than North America and Europe. The U.S., Germany, and China are the hub of biocatalysts manufacturing in the world and are the major consumers of biocatalysts.
Source: ASDReports - Market Research
Date: Mar 10, 2015