Global Biofuel Enzymes Market Will Reach USD 1,653.1 Million in 2018: Transparency Market Research

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Albany NY (April 4, 2013) (CULRAV.ORG) -

According to a new market report published by Transparency Market Research ”Biofuel Enzymes Market- Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012 - 2018,” the global biofuel enzymes demand was worth USD 1,021.9 million in 2011 and is expected to reach USD 1,653.1 million in 2018, growing at a CAGR of 7.6% from 2013 to 2018. In the overall global market, North America is the largest market; however Asia Pacific is expected to be the most promising market in the near future.
.Transparency Market Research
The global biofuel enzymes market is mainly driven by growth in end application markets i.e. growing consumption of biodiesel and bio-based ethanol. In addition, increasing awareness about sustainability and changing economics of fossil fuels is forcing governments to form legislations for blending of biofuel. This has helped in reduction in the cost of fuel as well as reduction of carbon dioxide emissions. All this resulted in rising consumption of biofuel and thus the growing market for biofuel enzymes.
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With respect to type, the biofuel enzyme market includes amylases, industrial lipases and others. Amylase is the fastest growing segment of the global biofuel enzymes market due to its capability to withstand wide range of temperature and pH level. The market for amylases enzymes is growing at a CAGR of 8.0% from 2013 to 2018 and it is further sub divided into two type’s which includes cellulase and industrial proteases enzymes. The market for industrial proteases is growing rapidly at a CAGR of 8.7% from 2013 to 2018.
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The North America is the clear leader in the overall market for biofuel enzymes growing at a CAGR of 7.8% from 2013 to 2018. However in future growth is expected to be robust in the economies of Europe and Asia Pacific. The European Union is making remarkable progress in using bioenergy for transportation purposes. Moreover, surging oil prices is speeding up the approval process for biofuel manufacturing. In Asia Pacific, China is the most attractive market for biofuel enzymes due to its low cost structure.
This research is specially designed to estimate and analyze the demand and performance of biofuel enzymes in a global scenario. The research provides in-depth analysis of biofuel enzymes manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments of the biofuel enzymes market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered.
Related Report: 
Global Sorbitol Market – Size, Share, Growth, Trends And Forecast, 2012 – 2018

This market research study analyzes the global market for sorbitol, estimating and forecasting the market from the consumption point of view, while segmentation has been carried out on various levels including products (liquid/syrup and crystal/powder), end users, applications, as well as on geographical basis to provide a holistic picture of the market. The report also analyses sorbitol potential as a platform chemical for polyols (ethylene glycols, propylene glycols, glycerols) and isosorbides.

Various sorbitol product forms analyzed in this study include liquid and crystal. Sorbitol applications estimated and forecasted include toothpaste, vitamin C, diabetic and dietetic foods and surfactants. End users estimated and forecasted covers cosmetic & personal care, chemicals, food and pharmaceuticals. Supplementary analysis has been carried out on sorbitol potential as a platform chemical for the production of polyols (ethylene glycols, propylene glycols and glycerols) and isosorbides. Regional data has been provided on a regional as well as country level for the markets of North America (U.S, Canada and Mexico), Europe (Germany, U.K., France and Russia), Asia Pacific (China, Japan, India and Indonesia) and Rest of the World (ROW).
This report also includes Porters five forces model and value chain analysis of the market. Some of the key companies that deal in sorbitol include Archer Daniels Midland, Roquette Freres, Cargill Inc, Ecogreen Oleochemicals, SPI Pharma, Sigma- Aldrich, Gulshan Polyols, Merck and Sorini. The report provides an overview of the above companies followed by their financial revenue, business strategies and recent developments.

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Nitin Sirsat
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Author: Nitin @ Nitin

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