Global Biofuel Enzymes Market to Exceed US$900 Million by 2017, According to a New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on the Biofuel Enzymes markets. The global market for Biofuel enzymes is projected to exceed US$900 million by the year 2017. Growth in the industry is spurred by factors such as increase in biofuel production capacities and investment in new technology for addressing government quotas.

Biofuel enzymes: A global strategic business report.

Follow us on LinkedIn - Enzymatic applications are making rapid inroads into almost every industrial process, be it for productivity, performance, or environmental gains. With the stage set, enzymes are primed to energize the global community with ‘Biofuels’. Biofuels have garnered much popularity worldwide, banking upon the environmental pressures being faced by major economies. European and the US governments are hard pressed to deal with exploding quantities of greenhouse emissions, depleting natural resources, and the need to comply with the Kyoto protocol. As such, these economies are betting high on alternative, renewable energy resources and are promoting biofuels in a big way. As a result, demand for imported biodiesel is on rise, eventually luring natural-resource rich countries towards producing biomass based fuels.

Latest developments in biofuel enzymes technology, especially in the production of cellulosic ethanol, continue to contribute towards rapid growth of the biofuel industry, as stated by the new market research report on Biofuel Enzymes. Cellulosic ethanol manufactured from cellulosic biomass is a substitute likely to address the limitations of corn-based ethanol and fulfill the requirement for extra liquid fuel sources. Cellulosic biofuels are obtained from sources that include wood chips, agricultural waste, as well as prairie grasses. A shift towards cellulases as well as related enzymes, which is required for refining cellulosic (biomass) ethanol, is expected to drive future gains. Use of cellulosic biofuels, as an alternative to gasoline, is expected to reduce greenhouse gas emissions by about 86%. Moreover, cellulose is available in abundance on earth.

The Americas command dominant presence in the global biofuel enzymes market. In the long term, Asia-Pacific and Europe are expected to gain market recording relatively higher growth rates. Europe is making excellent progress in using bioenergy for transportation purposes, given that the region has pledged to increase biofuels’ share for all transportation fuels by 2020. The surging price of oil is hastening Europe to grant approval for biofuel manufacture. China represents the largest as well as fastest growing market for biofuel enzymes in the Asia-Pacific region. The considerably lower cost structure offered by the Chinese manufacturers is expected to steer the Asia Pacific fuel ethanol market.

Commercialization of cellulosic ethanol is currently in its initial stages and is expected to scale up in the near future. Among different regions, North America with strong support from the government in form of tax incentives, feedstock assistance programs and grants takes the lead in commercialization of cellulosic ethanol. Cellulosic biofuel manufacturers continue to be inundated with major challenge related to production economics in terms of enzyme costs and dosage optimization. Research in the cellulosic biofuel enzymes market is highly focused on discovering enzymes that enable biofuel manufacturers to produce cellulosic ethanol cost effectively. Biofuel production using cellulases is expensive as enzymes are unstable and slow. Other challenges include availability of low-cost substrate and reduction of processing costs of cellulosic biomass. Current research and development is also focused on developing artificial cellulases or chimeric enzymes by modifying genes that encode for cellulases. Discovery of new cellulose digesting enzymes and organisms that produce cellulose-digesting enzymes would also help in bolstering the biofuels market.

Select major players profiled in the report include Codexis, Du Pont de Nemours & Co., Danisco AS, Genencor International, Dyadic International, Iogen Corporation, NextCAT, Novozymes A/S, Royal DSM NV, Verenium Corporation, among others.

The research report titled “Biofuel Enzymes: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of the key market trends, recent strategic corporate initiatives, and profiles of key market participants. The report provides annual sales estimates and projections for Biofuel Enzymes market for the years 2008 through 2017 by the following geographic markets - US, Canada, Japan, Europe, Asia-Pacific, Latin America, and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Biofuel_Enzymes_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Follow us on LinkedIn

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website

Media