REPORT HIGHLIGHTS
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The global market for industrial enzymes is estimated at $2 billion in 2004 and is expected to rise at an average annual growth rate (AAGR) of 3.3% to $2.4 billion in 2009.
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Volume growth of industrial enzymes is between a 4% and 5% AAGR, and is accompanied by decreasing prices.
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Growth of the animal feed enzyme sector is somewhat higher, at nearly a 4% AAGR, helped by increased use of phytase enzyme to fight phosphate pollution.
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Technical enzymes for detergent and pulp and paper manufacturing, among others, are the largest segment with a 52% share. Growth will parallel the overall market.
SUMMARY FIGURE
GLOBAL ENZYME MARKETS BASED ON APPLICATION SECTORS, 2002-2009
($ MILLION)
Source: BCC, Inc.
REPORT SCOPE
INTRODUCTION
With the environment and cost issues surrounding conventional chemical processes being subjected to considerable scrutiny, biotechnology rapidly is gaining ground due to the various advantages it offers over conventional technologies.
Industrial enzymes represent the heart of biotechnology processes. The field of industrial enzymes now is experiencing major R&D initiatives, resulting both in the development of a number of new products and in improvement in the process and performance of several existing products.
Currently, new and emerging applications are driving demand and the industry is responding with a continuous stream of innovative products. Significant future growth will require investments by all the participants in research and applications development.
This BCC study examines current commercial applications worldwide, their markets and growth opportunities. It also looks into market penetrations of newer grades of enzymes and their applications and sales, as well as new developments and potential applications on the horizon. This report gives a clear, quantitative picture of the supply and demand scenario and report_highlightss technological and investment opportunities in the field.
SCOPE OF STUDY
The report contains:
- Coverage of three major application sectors: technical, food and animal feed enzymes
- An overview and assessment of the global scenario for industrial enzymes
- Analysis of the markets for industrial enzymes and their future growth by sector and region with forecasts to 2009
- Assessment of technology developments
- Identification of the driving factors for demand
- Profiles of the major players and their contributory roles.
METHODOLOGY
This study is based on exhaustive primary and secondary research in addition to the information in out in-house database.
Various sources of published data from several international publications and seminar proceedings have been scrutinized to collect data and statistics. Particular attention has been paid to ascertaining the actual quantities of enzymes produced and sold. Further, market penetration is determined, i.e. the extent to which enzymes are being used in a particular application relative to the conventional or non-enzymatic route, so that we can ascertain potential for future sale.
This study also involved extensive consultation with industry experts to get their opinion regarding the industrial enzyme marketplace, some of the changes going on in the field and what the future holds.
CREDENTIALS OF ANALYSTS
The study has been carried out by a team of chemical engineering consultants led by Senior Consultant Mr. N. S. Venkataraman, a Chemical Engineer with over 30 years of experience in various functions relating to chemical, pharmaceutical, and allied industries. Other team members include Mr. T. K. Parija, Mrs. P. Govindanayagi, and Miss. K. Geetha. All the members of the team are practicing chemical engineers or chemists, with extensive experience as consultants in chemical and allied industries.
The project manager for this project was Dr. Yatin B. Thakore, with over 15 years of industry experience in chemical and allied fields.
