Enzymes in Industrial Applications: Global Markets
Report Highlights
The global market for industrial enzymes is estimated at $3.3 billion in 2010. This market is expected to reach $4.4 billion by 2015, a compound annual growth rate (CAGR) of 6% over the 5-year forecast period.
Report Scope
The scope of this study encompasses industrial enzymes, biotechnical, chemical, and biotechnology markets. BCC analyzes each market and its applications, regulatory environment, technology involved, market projections, and market share. Technological issues include the latest trends and developments.
Analyst Credentials
This study has been carried out by a team of professionals in the biotechnology industry. The project manager for this project is Shalini S. Dewan, who holds a master’s degree in pharmaceutical chemistry and has over 14 years of industry experience. Among the research topics she has covered are studies on compounds of potential pharmaceutical interest, from ibuprofen to 2-naphthyl acetic acid. Shalini was awarded a Gold Medal by the Prime Minister of India for her work and has worked with top companies in India and in the U.S.
Some of her other reports written for BCC are listed below:
- Reagents of Chromatography; Spectroscopy, an Enduring Market
- Advanced Drug Delivery Systems: New Developments, New Technologies
- Orthopedic Drugs, Implants and Devices
- Medical Imaging Reagents and Analysis Equipment
- Pharmaceutical Regulatory Industry
- The Dynamic Media, Sera and Reagent Market in Biotechnology
- Contract Pharmaceutical Manufacturing, Research and Packaging
- Chiral Technology: Global Markets
- Autacoids and Related Drugs: Technologies and Global Markets
- Contraceptives: Technologies and Global Markets
- Liver Disease Treatments: The Global Market
- Hormone Replacement Therapies and Other Hormone Therapies: Global Markets
- Cardiovascular Medicine: Diagnostics, Drugs and Devices and Cancer Therapies: Technologies and Global Markets
The lead consultant for this project was Dr. Kapil A. Setia, who holds a doctoral degree in life sciences.
Report Highlights
This Report:
- The global market for industrial enzymes increased from $2.2 billion in 2006 to an estimated $2.3 billion by the end of 2007. It should reach $2.7 billion by 2012, a compound annual growth rate (CAGR) of 4%.
- The greatest growth rate is expected in the animal enzymes sector, with a CAGR of 6% between 2007 and 2012, helped in large part by the increased use of phytase enzymes to fight phosphate pollution.
- New and emerging applications have helped drive demand for enzymes, and the industry is responding with a continuous stream of innovative products.
Report Highlights
-
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.
-
Volume growth of industrial enzymes is between a 4% and 5% AAGR, and is accompanied by decreasing prices.
-
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.
-
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.
Report Highlights
-
Total U.S. consumption of enzymes is estimated at $514 million in 2000.
-
Growing at an average annual rate (AAGR) of 4.1%, usage will reach $629.3 million by 2005.
-
Pulp and paper applications will show the most growth, at an AAGR of 6.5% through the period.
-
Detergent/cleaners are second, with 5% annually on average. Food and animal feed applications dominate the current market, accounting for just under half the total value.
