Global Biofuel Enzymes Market to Reach $1.3 Billion by 2026 – PRNewswire

Edition: 17; Released: March 2021
Executive Engagements: 4317
Companies: 45 – Players covered include AB Enzymes GmbH; Advanced Enzyme Technologies Ltd.; Agrivida, Inc.; BASF SE; CLEA Technologies B.V.; DuPont de Nemours Inc.; Enzyme Supplies Limited; Iogen Corporation; Metgen Oy; NextCAT, Inc.; Noor Enzymes Pvt. Ltd.; Novozymes A/S; Royal DSM NV; TransBiodiesel Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Type (Amylase, Cellulase, Xylanase, Other Types)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Complimentary Project Preview – This is an ongoing global program. Preview our research program before you make a purchase decision. We are offering a complimentary access to qualified executives driving strategy, business development, sales & marketing, and product management roles at featured companies. Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more. You may also build your own bespoke report using our MarketGlass Platform which offers thousands of data bytes without an obligation to purchase our report. Preview Registry

Global Biofuel Enzymes Market to Reach $1.3 Billion by 2026
Biofuels refer to fuels used in transportation that are produced from renewable sources, mainly agricultural products. Biofuels, primarily including fuel ethanol and biodiesel, serve to address growing environmental safety concerns associated with the use of fossil fuels. The global production of biofuels falls into three primary categories: ethanol, biodiesel, and hydro treated vegetable oil (HVO). Ethanol, produced from starchy feedstock (corn, wheat, cassava) and sugary feedstock (sugarcane, molasses, beets) is blended with petrol. Biodiesel, produced from non-edible agricultural material such as oil seeds, is blended with diesel. HVO or “green diesel” is emerging as an attractive alternative to biodiesel lately, with its primary advantage being chemical equivalence to petroleum diesel and thus its usage in diesel engines with no modification.

Global Biofuel Enzymes market is projected to register healthy growth over the near-to-long term. The market, estimated at US$905.2 Million in 2020 is projected to reach US$1.3 Billion by 2026, registering a compounded annual growth rate (CAGR) of 7.3% over the analysis period. United States represents the largest regional market for Biofuel Enzymes, accounting for an estimated 37.8% share of the global total in 2020. The market, estimated at US$342.3 Million in 2020 is projected to reach US$587.1 Million by the close of the analysis period. The United States is forecast to emerge as the fastest growing regional market with a CAGR of 8.0% over the analysis period. The market is set to maintain its growth momentum led by improving domestic fundamentals, and other unique growth drivers.

Growth in the market will continue to be driven by surging demand for biodiesel, a clean and increasingly popular alternative for diesel. The increasing need for higher product specificity and productivity, combined with escalating environmental concerns and intensified government efforts for framing regulations with respect to biofuel combinations is helping the biofuel enzymes market grow. Additional factors driving biofuel enzymes growth include increasing use of biodiesel and bio-based ethanol, which not only minimize fuel cost but also carbon dioxide emissions, and greater customer transition towards the production of ethanol using cellulases and associated enzymes. Other important stimulants include greater demand for higher-efficacy enzymes-based pharmaceuticals and increased awareness about the application of biofuel enzymes in protein engineering technology.

Amylase Segment to Reach $504 Million by 2026
Mostly sourced from plants and bacteria, amylase is a mainstream enzymatic solution for manufacture of sugar-based biofuels. Amylase ferments sugars into alcohol such as ethanol, butanol and propanol etc., thus making them useful in fuel applications. In fact, Amylase is the most commonly used biofuel enzyme for manufacture of fuel ethanol, the widely used biofuel in the world followed by biodiesel. Compared to other enzymes, amylase has high resistant power, which allows the enzyme to endure an array of temperature, pH and acidity levels during feedstock conversion into fuel. Global market for Amylase is estimated at US$338.8 Million in 2020, and is projected to reach US$504 Million by 2026 reflecting a compounded annual growth rate of 7.0% over the analysis period. United States constitutes the largest regional market for Amylase segment, accounting for 36.5% of the global sales in 2020. United States is poised to register the fastest compounded annual growth rate of 7.5% over the analysis period to reach US$205.7 Million by the close of the analysis period. More

MarketGlass Platform
Our MarketGlass Platform is a free full-stack knowledge center that is custom configurable to today`s busy business executive`s intelligence needs! This influencer driven interactive research platform is at the core of our primary research engagements and draws from unique perspectives of participating executives worldwide. Features include – enterprise-wide peer-to-peer collaborations; research program previews relevant to your company; 3.4 million domain expert profiles; competitive company profiles; interactive research modules; bespoke report generation; monitor market trends; competitive brands; create & publish blogs & podcasts using our primary and secondary content; track domain events worldwide; and much more. Client companies will have complete insider access to the project data stacks. Currently in use by 67,000+ domain experts worldwide.

Our platform is free for qualified executives and is accessible from our website or via our just released mobile application on iOS or Android

About Global Industry Analysts, Inc. & StrategyR
Global Industry Analysts, Inc., ( is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966 
Email: [email protected] 

Join Our Expert Panel 

Connect With Us on LinkedIn 

Follow Us on Twitter 

Journalists & Media
[email protected]

SOURCE Global Industry Analysts, Inc.

Related Links

Leave a Reply

Your email address will not be published. Required fields are marked *