Europe Biofuel Enzyme Market to Witness Significant Growth until 2025
Depleting non-renewable forms of energy to drive the growth of Europe biofuel enzyme market.
According
to TechSci Research report, “Europe
Biofuel Enzyme Market By Type (Cellulase, Amylase, Xylanase, Lipase, Other), By
Source (Microorganism, Plants, Animal), By Reaction Type (Hydrolase,
Oxidoreductase, Transferase, Lyase, Others), By Application (Biodiesel,
Corn-Based Ethanol, Lignocellulosic Ethanol), By End User Industry (Food and
Beverages, Household Care, Bioenergy, Pharmaceutical and Biotechnology, Feed,
Others), By Country, Forecast & Opportunities, 2025”, the Europe biofuel enzyme market is
expected to grow at an impressive rate during the forecast period on account of
the growing environmental awareness pertaining to greenhouse gas emissions.
This has led to an increase in demand and adoption of cleaner forms of energy. Additionally,
rising oil prices have increased the use of biofuels for transportation
purposes in Europe, thereby fueling the market growth during the forecast
period. Furthermore, stringent government policies and schemes for the adoption
of biofuels and reducing greenhouse gas emissions is further expected to foster
the market growth. Moreover, increasing investments and new
product launches by the major players operating in the market is expected to
create lucrative opportunities for the market growth during the forecast
period. However,
high cost of biofuel enzymes might restrict the market growth. Also, complex
production process might further impede the growth through 2025. Moreover,
issues pertaining to enzyme sensitivity to environmental conditions and factors
and handling might further hinder the market growth during the forecast period.
Browse XX market data
Tables and XX Figures spread through XXX Pages and an in-depth TOC on " Europe Biofuel Enzyme Market"
The Europe biofuel enzyme market is segmented based on type, source,
reaction type, application, end user industry, company and region. Based on Based
on type, the market can be categorized into cellulase, amylase, xylanase,
lipase and others. Here, the cellulase segment is expected to register
significant growth in the market through 2025. This can be ascribed to the increasing
use of the enzyme in ethanol production. Based on application, the market can
be grouped into biodiesel, corn-based ethanol and lignocellulosic ethanol. Here,
the biodiesel segment is expected to dominate the market since it serves as an
alternative to diesel. Additionally, this is ecofriendly and a cleaner form of
fuel. However, the lignocellulosic ethanol segment is expected to register
significant growth in the market owing to the increasing commercialization of
lignocellulosic ethanol.
AB Enzymes GmbH, Novozymes A/S, Verenium Corporation, CLEA Technologies
B.V., Enzyme Supplies Limited, Du Pont de Nemours & Co., BASF SE,
Koninklijke DSM N.V., Advanced Enzyme Technologies, MetGen, Dyadic
International, Advanced BioFuels and others are some of the leading players
operating in Europe biofuel enzyme market. The companies operating in the
market are using organic strategies such as product launches, mergers and
collaborations to boost their share.
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“European
countries are trying hard to achieve sustainability and mitigate the effects of
climate change and global warming. In order to reduce the pressure on the
conventional forms of energy the region has started adopting the alternative
forms of energy. France and Germany are the countries, which have the highest
demand for biofuel enzymes so that they can efficiently produce bioethanol.
Additionally, the presence of major market players such as Novozymes a/s, AB
Enzymes GmbH, BASF SE, among others in the region is expected to create
lucrative opportunities for the market growth through 2025.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Europe Biofuel Enzyme
Market By Type (Cellulase, Amylase, Xylanase, Lipase, Other), By Source
(Microorganism, Plants, Animal), By Reaction Type (Hydrolase, Oxidoreductase,
Transferase, Lyase, Others), By Application (Biodiesel, Corn-Based Ethanol,
Lignocellulosic Ethanol), By End User Industry (Food and Beverages, Household
Care, Bioenergy, Pharmaceutical and Biotechnology, Feed, Others), By Country,
Forecast & Opportunities, 2025”, has evaluated the future growth potential of Europe
biofuel enzyme market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Europe biofuel enzyme market.
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