The Global Market for Biofuel Enzymes is Projected to Exceed US$1.3 Billion by 2022

Environmental Sustainability & the Focus on Alternative Energy Sources Drive Strong Demand for Biofuel Enzymes, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Biofuel Enzymes market. The global market for Biofuel Enzymes is projected to exceed US$1.3 billion by 2022, driven by the growing prominence of biofuels in the global energy mix, and superiority of enzyme-based biofuel production over conventional methods.

Functioning as biological catalysts, biofuel enzymes streamline and accelerate the process of biomass conversion into commercial-grade fuels, while delivering productivity, performance and environmental benefits at both production and end-product levels. Substantial increase in fuel ethanol and biodiesel production in countries such as the U.S., Europe and Brazil is wielding a parallel impact on consumption volumes of biofuel enzymes. Because of their low environmental footprint, biofuels hold immense potential in Green House Gas (GHG) emission reduction strategies of governments across the world, and are widely regarded as one of the key fuel types of the future global energy mix. Escalating concerns over harmful emissions from petroleum-based fuels and increased governmental emphasis on biofuel blending through mandatory legislations are expanding the scope and span of the biofuel enzymes market. Increasing adoption of enzymatic biofuel production supported by its superiority over conventional fermentation/transesterification production methods is another key factor favoring market growth.

Healthy growth is projected for the market in the coming years driven by growing use of biofuel enzymes in second generation bioethanol and advanced biodiesel production; and surging demand for amylases in fuel ethanol production and cellulase enzymes in cellulosic ethanol production. Wider availability of high-quality enzyme solutions such as Xylanase, Amylases, Cellulases, FermaSure, Lipases, Lysomax, and Protease, among others; favorable biofuel blend mandates and blend targets; and the expanding role of renewable sources in the energy mix are also expected to benefit market expansion in the near term. Further, sustained emphasis on improving enzymatic formulations with superior functional features for more streamlined, faster and efficient production of biofuels, is paving way for increased adoption of biofuel enzymes. Continuous advancements in industrial biotechnology, particularly innovation in biocatalysis, are also likely to contribute to market growth.

As stated by the new market research report on Biofuel Enzymes, the United States and Europe represent the largest markets worldwide. Factors such as legislations for controlling fossil fuel usage, sustained focus on reducing greenhouse gas (GHG) emissions and environmental contamination, along with biofuel blend mandates have over the years elevated the role and importance of biofuels in the U.S. and Europe translating into steady demand for biofuel enzymes. The United States also represents the fastest growing market with a CAGR of 9.7% over the analysis period. While the high price has been a major limiting factor for wider adoption of biofuels, lack of awareness and full-fledged governmental initiatives in the biofuels space are limiting demand for biofuel enzymes in the developing regions.

Major players covered in the report include AB Enzymes GmbH, Advanced Enzyme Technologies Ltd., Agrivida, Inc., BASF SE, CLEA Technologies B.V., E. I. du Pont de Nemours and Company, Enzyme Supplies Limited, Iogen Corporation, Metgen Oy, NextCAT, Inc., Noor Enzymes Pvt. Ltd., Novozymes A/S, Royal DSM NV, and TransBiodiesel Ltd., among others.

The research report titled “Biofuel Enzymes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, issues, challenges, mergers, acquisitions, and other strategic industry activities of major players worldwide. The report provides market estimates and projections in dollars for all major geographic markets including the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America), and Rest of World.

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