Portland, Oregon (PRWEB UK) 2 June 2014
Big Market research publishes latest report "Global Synthetic Biology Market (Products, Technologies, Applications and Geography) - Global Opportunity Analysis and Forecast - 2013 – 2020."
The report forecasts that the global synthetic biology market would attain a value of $38.7 billion by 2020, registering a CAGR of 44.2% during 2014 - 2020.
To get complete report visit at http://www.bigmarketresearch.com/synthetic-biology-market
Synthetic biology is being commercialized; however, there are many technologies waiting for approval from respective governing bodies for commercialization. Yet, this market is expected to witness adoption in varied domains such as chemicals, pharmaceuticals, energy and agriculture.
Important driving factors for the markets are assistance from private and government organizations, greater R&D and falling price of DNA synthesizing and sequencing. However, ethical issues, bio-security & bio-safety would work as impeding force for the growth of market.
The report divides synthetic biology market on the basis of product, technology, application, and geography. Further, Synthetic biology product market is sub-divided into enabling products, enabled products and core products. As a result of greater research activities, enabling product would grow the fastest.
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DNA synthesis holds largest share under enabling products market; whereas oligonucleotide synthesis would grow exponentially with a 57.8% CAGR during 2014-2020. Biofuels, under the enabled product segment would grow speedily and register a CAGR of 110.1% during the analyzed period.
The report segments the Synthetic biology technology market into enabling technology and enabled technology. With a CAGR of 48.6%, enabling technology market, within biology technology market would grow rapidly. In terms of geographical analysis, Europe is leading the global market and it is expected to maintain pace during the forecast period. Asia Pacific would grow fastest during the analysis period.
The report provides a competitive view on the companies operating in the market. They are:
Butamax Advanced Biofuels
BioSearch Technologies, Inc.
Origene Technologies, Inc.
Synthetic Genomics, Inc.
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