Mixed Influence of COVID-19 to Drive Global Industrial Enzymes Market to Reach $9 Billion by 2026 – Market Report (2019-2026) by Industry Experts, Inc.
Wednesday 09 Sep 2020
Industry Experts, Inc. published the 2020 version of the global market report "Industrial Enzymes – A Global Market Overview". The report reveals that Carbohydrases is the largest segment of the industrial enzymes market as well as the fastest growing market during the analysis period 2019-2026.
Demand for Industrial Enzymes used in Textiles & Leather applications is anticipated to decline drastically in 2020 compared to 2019, estimated at -8.2% Y-o-Y due to the decline in Chinese textile production, with volumes shifting away from China to countries with lower enzyme penetration. Demand for Industrial Enzymes in Biofuel applications is expected to contract sharply with a negative Y-o-Y rate of 7.3% due to sharp decline in gasoline demand and consequently a significant drop in the demand for ethanol.
Industrial enzymes demand in Household Care estimated to grow at faster 9% Y-o-Y in 2020 due to increased enzymatic penetration of detergents, mainly in emerging markets, and an unanticipated surge in sales driven by COVID-19-related effects. The overall Industrial Enzymes market, globally, expected to touch US$6.1 billion in 2020.
The global market for industrial enzymes product segments analyzed in this study include Carbohydrases, Proteases, Lipases, Phytases, Polymerases & Nucleases and Others. The report also explores the end use markets for industrial enzymes comprising Food & Beverages, Detergents, Animal Feed, Biofuels, Textiles, Personal Care& Cosmetics, Paper & Pulp, Nutraceuticals and Others.
The worldwide Industrial Enzymes market, for the purpose of this report, is segmented into five major regions namely, North America, Europe, Asia-Pacific, South America and Rest of World. These regional markets further analyzed for 14 independent countries across North America – The United States, Canada and Mexico, Europe – Germany, France, The United Kingdom, Italy and Spain; Asia-Pacific – Japan, China, India and South Korea; South America – Brazil and Argentina.
This 296 page global industrial enzymes market report includes 256 charts (includes a data table and graphical representation for each table), supported with meaningful and easy to understand graphical presentation, of market numbers. The report profiles 8 key global players and 29 major players across North America – 12; Europe – 8; and Asia-Pacific – 9. The study also provides the listing of the companies engaged in research & development, manufacturing and supply of industrial enzymes. The global list of companies covers the address, contact numbers and the website addresses of 172 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.
For more details, please visit: https://industry-experts.com/verticals/biotechnology/industrial-enzymes-a-global-market-overview