Global Technical Enzymes Market Growth 2023-2029

Global Technical Enzymes Market Growth 2023-2029

Enzymes are protein molecules functioning as specialized catalysts for chemical reactions. They have contributed greatly to the traditional and modern chemical industry by improving existing processes.

Technical enzymes are typically used as bulk enzymes in textile, pulp and paper industries, organic synthesis and biofuels industry.

LPI (LP Information)' newest research report, the “Technical Enzymes Industry Forecast” looks at past sales and reviews total world Technical Enzymes sales in 2022, providing a comprehensive analysis by region and market sector of projected Technical Enzymes sales for 2023 through 2029. With Technical Enzymes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Technical Enzymes industry.

This Insight Report provides a comprehensive analysis of the global Technical Enzymes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Technical Enzymes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Technical Enzymes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Technical Enzymes and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Technical Enzymes.

The global Technical Enzymes market size is projected to grow from US$ 2306.7 million in 2022 to US$ 2533.5 million in 2029; it is expected to grow at a CAGR of 2533.5 from 2023 to 2029.

Global Technical Enzymes key players include Novozymes, DuPont, BASF, Associated British Foods, etc. Global top four manufacturers hold a share about 85%.

Europe is the largest market, with a share over 45%, followed by North America and China, both have a share over 35 percent.

In terms of product, Amylases is the largest segment, with a share about 37%. And in terms of application, the largest application is Detergents, followed by Bioethanol, Paper & Pulp, Textile & Leather, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Technical Enzymes market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Amylases

Cellulases

Proteases

Lipases

Other

Segmentation by application

Detergents

Bioethanol

Paper & Pulp

Textile & Leather

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Novozymes

DuPont

BASF

Associated British Foods

DSM

VTR Bio-Tech

Advanced Enzyme Technologies

SunHY

MAPS Enzyme

Key Questions Addressed in this Report

What is the 10-year outlook for the global Technical Enzymes market?

What factors are driving Technical Enzymes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Technical Enzymes market opportunities vary by end market size?

How does Technical Enzymes break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.