Amid the COVID-19 crisis, the global market for Biofuel Enzymes estimated at US$956.7 Million in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027. Amylase, one of the segments analyzed in the report, is projected to record a 7.4% CAGR and reach US$629.1 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Cellulase segment is readjusted to a revised 8.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $282.9 Million, While China is Forecast to Grow at 7.2% CAGR
The Biofuel Enzymes market in the U.S. is estimated at US$282.9 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$280.6 Million by the year 2027 trailing a CAGR of 7.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 6.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6.3% CAGR.
Xylanase Segment to Record 6.9% CAGR
In the global Xylanase segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$130.8 Million in the year 2020 will reach a projected size of US$209.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$185.7 Million by the year 2027.We bring years of research experience to this 17th edition of our report. The 114-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- 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.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Biofuel Enzymes: Delivering Productivity, Performance and Environment Benefits in Biofuels Production
Recent Market Activity
Focus on Biofuels as the Future Energy Security Solution Drives Strong Demand for Biofuel Enzymes
Factors Driving the Shift towards Bio-Fuels
Expanding Role of Renewable Fuels in the Global Energy Mix
Key Pollutants Present in Petroleum-based Fuel Emissions
Hydrocarbons (HCs)
Carbon Monoxide (CO)
Oxides of Nitrogen (NOx)
Particulate Matter (PM)
Superiority of Enzyme-based Production over Conventional Method Drives Widespread Adoption
Global Market Outlook
Developed Markets: Key Revenue Contributors
Despite Slower Growth, Developing Countries Offer Huge Market Potential
Improving Economic Growth Encourage Optimistic Market Outlook
Competitive Landscape
Leading Players in the Biofuel Enzymes Market
Vendors Focus on Partnerships to Improve Prospects
Global Competitor Market Shares
Biofuel Enzymes Competitor Market Share Scenario Worldwide (in %): 2018 & 2029
Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
AB Enzymes GmbH (Germany)
Advanced Enzyme Technologies Ltd. (India)
Agrivida, Inc. (USA)
BASF SE (Germany)
Verenium Corporation (Germany)
CLEA Technologies B.V. (Netherlands)
E. I. du Pont de Nemours and Company (USA)
Enzyme Supplies Limited (UK)
Iogen Corporation (Canada)
Metgen Oy (Finland)
NextCAT, Inc. (USA)
Noor Enzymes Pvt. Ltd. (India)
Novozymes A/S (Denmark)
Royal DSM NV (Netherlands)
TransBiodiesel Ltd. (Israel)
3. MARKET TRENDS & DRIVERS
Growing Use of Biofuel Enzymes in Second Generation Bioethanol and Advanced BiodieselProduction Drive Market Growth
Expanding Footprint of Second-Generation Biofuels: An Important Opportunity Indicator
First Generation Vs Second Generation Biofuels: A Snapshot
Projected Growth in Cellulosic Biofuels Demand to Underpin Enzymes Sales
Cellulosic Biofuels Vs Conventional Biofuels and Petroleum
Improving Economics of Cellulosic Biofuel Production Augur Well
Switchgrass: Potential Feedstock in Advanced Biofuel Production
Myriad Benefits Continue to Sustain Demand for Amylases in Fuel Ethanol Production
New Enzyme Compounds to Drive Growth of Amylase Biofuel Enzyme Market
Bright Prospects for Cellulase Enzymes in Cellulosic Ethanol Production
Favorable Biofuel Blend Mandates & Blend Targets Offer Opportunities on a Platter
Biofuel Blend Mandates & Blend Targets for Major Countries
Enzymatic Production of Biodiesel from Low Quality Oils Gathers Steam
Increase in Algae-based Biofuel Production to Benefit Market Expansion
Innovative Technologies and Strategies Fuel Demand for Algal Fuel
Ongoing R&D Efforts to Strengthen Future Growth Prospects
IBRL's Researchers Aim to Develop Cost-Effective Ethanol Production Process
University of California Irvine to Develop Enzyme Processing VFD Technology
Fungal Species Exude Enzymes with Similar Functional Characteristics
Copenhagen Chemists Evaluate Role of LPMO Enzymes in Cellulose Breakdown
Bioforsk Aims to Use Genetically Engineered Tobacco for Biofuels Production
Researchers Exploit Mutated Fungus to Boost Production of Biofuel Enzymes
DOE-Funded Researchers Produce Structure & Functional Characterizationof GH55 Enzyme Family
NREL Researchers Develop Cellulase Enzyme from Bacterium
Tokyo Researchers Study CBAP Enzyme Mechanism in Biofuel Production
Key Issues & Challenges Hampering Market Prospects for Biofuel & Biofuel Enzymes
Growing Sales of Electric Vehicles
Decline in Crude Oil Prices
Widening Share of Natural Gas in the Energy Mix
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Biofuel Enzymes Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Biofuel Enzymes Global Retrospective Market Scenario in US$ Thousand by Region/Country: 2012-2019
TABLE 3: Biofuel Enzymes Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Amylase (Type) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 5: Amylase (Type) Historic Market Analysis by Region/Country in US$ Thousand: 2012 to 2019
TABLE 6: Amylase (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Cellulase (Type) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 8: Cellulase (Type) Historic Market Perspective by Region/Country in US$ Thousand: 2012 to 2019
TABLE 9: Cellulase (Type) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Xylanase (Type) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027
TABLE 11: Xylanase (Type) Region Wise Breakdown of Global Historic Demand in US$ Thousand: 2012 to 2019
TABLE 12: Xylanase (Type) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027
TABLE 13: Other Types (Type) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2020 to 2027
TABLE 14: Other Types (Type) Market Historic Review by Region/Country in US$ Thousand: 2012 to 2019
TABLE 15: Other Types (Type) Market Share Breakdown by Region/Country:2012 VS 2020 VS 2027
III. MARKET ANALYSIS
GEOGRAPHIC MARKET ANALYSIS
UNITED STATES
Market Facts & Figures
US Biofuel Enzymes Market Share (in %) by Company: 2018 & 2025
Market Analytics
TABLE 16: United States Biofuel Enzymes Market Estimates and Projections in US$ Thousand by Type: 2020 to 2027
TABLE 17: Biofuel Enzymes Market in the United States by Type: A Historic Review in US$ Thousand for 2012-2019
TABLE 18: United States Biofuel Enzymes Market Share Breakdown by Type: 2012 VS 2020 VS 2027
CANADA
TABLE 19: Canadian Biofuel Enzymes Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 20: Canadian Biofuel Enzymes Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 21: Biofuel Enzymes Market in Canada: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
JAPAN
TABLE 22: Japanese Market for Biofuel Enzymes: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 23: Biofuel Enzymes Market in Japan: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 24: Japanese Biofuel Enzymes Market Share Analysis by Type: 2012 VS 2020 VS 2027
CHINA
TABLE 25: Chinese Biofuel Enzymes Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 26: Biofuel Enzymes Historic Market Analysis in China in US$ Thousand by Type: 2012-2019
TABLE 27: Chinese Biofuel Enzymes Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
EUROPE
Market Facts & Figures
European Biofuel Enzymes Market: Competitor Market Share Scenario (in %) for 2018 & 2025
Market Analytics
TABLE 28: European Biofuel Enzymes Market Demand Scenario in US$ Thousand by Region/Country: 2020-2027
TABLE 29: Biofuel Enzymes Market in Europe: A Historic Market Perspective in US$ Thousand by Region/Country for the Period 2012-2019
TABLE 30: European Biofuel Enzymes Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 31: European Biofuel Enzymes Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 32: Biofuel Enzymes Market in Europe in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 33: European Biofuel Enzymes Market Share Breakdown by Type: 2012 VS 2020 VS 2027
FRANCE
TABLE 34: Biofuel Enzymes Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 35: French Biofuel Enzymes Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 36: French Biofuel Enzymes Market Share Analysis by Type: 2012 VS 2020 VS 2027
GERMANY
TABLE 37: Biofuel Enzymes Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2020-2027
TABLE 38: German Biofuel Enzymes Historic Market Analysis in US$ Thousand by Type: 2012-2019
TABLE 39: German Biofuel Enzymes Market Share Breakdown by Type: 2012 VS 2020 VS 2027
ITALY
TABLE 40: Italian Biofuel Enzymes Market Growth Prospects in US$ Thousand by Type for the Period 2020-2027
TABLE 41: Biofuel Enzymes Historic Market Analysis in Italy in US$ Thousand by Type: 2012-2019
TABLE 42: Italian Biofuel Enzymes Market by Type: Percentage Breakdown of Sales for 2012, 2020, and 2027
UNITED KINGDOM
TABLE 43: United Kingdom Market for Biofuel Enzymes: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2020-2027
TABLE 44: Biofuel Enzymes Market in the United Kingdom: Historic Sales Analysis in US$ Thousand by Type for the Period 2012-2019
TABLE 45: United Kingdom Biofuel Enzymes Market Share Analysis by Type:2012 VS 2020 VS 2027
REST OF EUROPE
TABLE 46: Rest of Europe Biofuel Enzymes Market Estimates and Forecasts in US$ Thousand by Type: 2020-2027
TABLE 47: Biofuel Enzymes Market in Rest of Europe in US$ Thousand by Type: A Historic Review for the Period 2012-2019
TABLE 48: Rest of Europe Biofuel Enzymes Market Share Breakdown by Type: 2012 VS 2020 VS 2027
ASIA-PACIFIC
TABLE 49: Biofuel Enzymes Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2020-2027
TABLE 50: Asia-Pacific Biofuel Enzymes Historic Market Scenario in US$ Thousand by Type: 2012-2019
TABLE 51: Asia-Pacific Biofuel Enzymes Market Share Analysis by Type:2012 VS 2020 VS 2027
REST OF WORLD
TABLE 52: Rest of World Biofuel Enzymes Market Estimates and Forecasts in US$ Thousand by Type: 2020 to 2027
TABLE 53: Rest of World Biofuel Enzymes Historic Market Review by Type in US$ Thousand: 2012-2019
TABLE 54: Biofuel Enzymes Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2012, 2020, and 2027
IV. COMPETITION
Total Companies Profiled: 24
