United States Biofuel Enzyme Market to Witness Significant Growth until 2025
According
to TechSci Research report, “United
States 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 Region, Forecast & Opportunities, 2025”, the United States 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
and need to attain sustainability. Besides, increasing demand from various end
user industries such as power, chemical, agriculture, transportation, among
others, is further expected to fuel the market growth through 2025. Additionally,
rising oil prices have increased the use of biofuels for transportation
purposes in United States, thereby fueling the market growth. 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 further 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.
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The United States biofuel enzyme market is segmented based on type,
source, reaction type, application, end user industry, company and region. Based
on type, the market can be categorized into cellulase, amylase, xylanase,
lipase and others. Here, the amylase segment is expected to dominate the market
on account of its increasing applications in various end user industries.
Additionally, amylase can withstand high range of temperature and pH. This in
turn increases the demand for the enzyme. On the other hand, cellulase is
expected to hold the largest market share during the forecast period on account
of its increasing use in ethanol production. Based on application, the market
can be grouped into biodiesel, corn-based ethanol and lignocellulosic ethanol. Among
these, the corn-based ethanol is expected to hold significant market share on
account of its effectiveness, less emission and eco-friendly nature. However, lignocellulosic
ethanol segment is expected to register significant growth in the market owing
to the increasing commercialization of lignocellulosic ethanol.
NextCAT Inc., BASF SE, DuPont de Nemours, Inc., Iogen Corporation,
Novozymes North America Inc, Koninklijke DSM N.V., Codexis Inc, Specialty
Enzymes & Biotechnologies, Advanced BioFuels USA, Dyadic International Inc.
and others are some of the leading players operating in United States 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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“United
States biofuel enzyme market is expected to grow significantly on account of
the growing awareness pertaining to the environmental issues and carbon
footprint among the population. Additionally, need to adhere to the norms of
Kyoto protocol is further expected to propel the market growth through 2025.
Furthermore, presence of major players operating in the market in the country
is expected to create lucrative opportunities for growth.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United States 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 Region,
Forecast & Opportunities, 2025”, has evaluated the future growth potential of United
States 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 United States biofuel
enzyme market.Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]