Industrial Enzymes Market worth $5,987.5 Million by 2018

Thursday 20 March 2014, Amsterdam

Industrial enzymes are specific catalysts that are utilized to accelerate a chemical reaction as well as to catalyze the chemical reaction that does not occur naturally. A few of these enzymes even improve the yield of process by optimizing output from the same raw material by 8% to 10%. Due to these novel features, the demand for industrial enzymes has catapulted to new heights from industrial manufacturers that are involved in constant research and development, to optimize their production and minimize resource costs.

The industrial enzymes available are Carbohydrases, Proteases, Lipases, Polymerases, etc., which are further sub categorized into a large number of enzymes extensively used in various industries. Carbohydrases form the major class of enzymes that catalyzes the breakdown of carbohydrates into simple sugar. They also account for the largest market share in the food and beverage, detergent, and textile industry. Other sub-types of types of carbohydrases include amylase, cellulose, lactase, and pectinase.

The global market for industrial enzymes was fairly immune to the recent turmoil in the global economy and grew moderately in the last decade. The demand for industrial enzymes in matured economies such as the U.S., Western Europe, Japan, and Canada was relatively stable during the recent times, while the developing economies of Asia-Pacific, Eastern Europe, along with Africa, and the Middle East regions emerged as the fastest growing markets for industrial enzymes.