The Global Biofuel Enzymes Industry is Expected to Reach USD 1,653.1 Million in 2018: Transparency Market Research

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The Global Biofuel Enzymes Industry is Expected to Reach USD 1,653.1 Million in 2018: Transparency Market Research

PR Newswire ALBANY, New York, November 12, 2012

ALBANY, New York,November 12, 2012/PRNewswire/ --

According to a new market report published by Transparency Market Research ( http://www.transparencymarketresearch.com) "Biofuel Enzymes Market-Global Industry Size, Market Share, Trends, Analysis and Forecast, 2012-2018," the global biofuel enzymes demand was worthUSD 1,021.9 million in 2011 and is expected to reachUSD 1,653.1 millionin 2018, growing at a CAGR of 7.6% from 2013 to 20 18. 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.

Browse the full report athttp://www.transparencymarketresearch.com/biofuel-e nzymes-market.html

Theglobal biofuel enzymes marketis 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 changin g 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.

With respect to type, the biofuel enzyme market includes amylases, industrial lipases and others. Amylase is the fastest growing segment of the global biofuel enzym es market due to its capability to withstand wide range of temperature and pH level. The market for amylases e nzymes is growing at a CAGR of 8.0% from 2013 to 20 18 and it is further sub divided into two type's which includes cellulase and industrial proteases enzymes. T he market for industrial proteases is growing rapidly at a CAGR o f 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 Pa cific. 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 ana lysis of biofuel enzymes manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments o f the biofuel enzymes market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered. The study presents a comprehensive assessment of the stakeholder strategies, winning imperatives for them by segmenting the biofuel enzymes market as below:

Global biofuel enzymes market, by types

Amylases

Cellulase Industrial Proteases

Industrial Lipases Others

Global biofuel enzymes market, by applications

Biodiesel Starch/corn based ethanol Lignocellulosic ethanol/biofuels

Others

Global biofuel enzymes market, by geography

North America Europe Asia-Pacific Rest of the World (RoW)

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