Biofuel Enzymes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented by Product (Amylases, Cellulase, Lipases, Xylanase, and Others), Application (Biodiesel, Corn/Starch-based Ethanol, Lignocellulosic Ethanol, Leather and Textile, and Others) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa)

Biofuel Enzymes Market Size

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Biofuel Enzymes Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.00 %
Fastest Growing Market North America
Largest Market North America
Market Concentration Medium

Major Players

Biofuel Enzymes Market Key Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Biofuel Enzymes Market Analysis

The market for biofuel enzymes is expected to grow at a CAGR of more than 6% globally. Major factor driving the market studied is the growing demand for biodiesel, along with increasing environmental concerns. On the flip side, high pricing of enzymes and unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.

  • The biodiesel is expected to dominate the application segment of the global biofuel enzymes market owing to increasing inclination against gasoline as a mean of better cleaner fuel.
  • North America region represents the largest market and is also expected to be the fastest-growing market over the forecast period owing to early adoption, superior technologies and products and rapid industrialization.

Biofuel Enzymes Market Trends

This section covers the major market trends shaping the Biofuel Enzymes Market according to our research experts:

Growing Demand for Biodiesel

  • Biodiesel segment is expected to dominate the biofuel enzymes application market, on account of growing inclination over conventional fuels in automotive and power generation application.
  • Biodiesel has the capacity to cater to existing engine specifications in automobiles which is anticipated to have a positive impact on the product demand. Furthermore, government mandates by different governments over use of cleaner fuels is expected to boost industry growth.
  • The rising depletion of fossil fuels and the need to maximize renewable sources in the energy mix for a sustainable growth is expected to drive the demand for biodiesel. Biodiesels can be produced in the existing diesel producing facilities unlike other biofuels, which is expected to have a significant impact.
  • In addition, increasing mechanization in the agricultural sector is projected to boost the product demand.
  • Biofuels (ethanol and biodiesel) holds major share of renewables in global energy demand for road transportation. Demand for bioenergy in the transportation sector is driven by blending mandates in significant economies and by cleaner fuel use around the world.
Biofuel Enzymes Market Growth

North America Region to Dominate the Market

  • North America region represents the largest market and is also expected to be the fastest-growing market over the forecast period mainly because of increasing ethanol production in United States and rapid adoption of biofuel in Canada.
  • United States is the largest producer globally for ethanol and both for consumption and fuel use, with around 13.9 billion gallons or nearly 53 billion liters of ethanol annually. Most of the ethanol produced is from corn/starch based, which is one of the lower-yield feedstocks.
  • Some of the major challenges by the region such as, depleting fossil resources, carbon emissions and the need to meet environmental standards are met by transitioning to biofuels and this has created lucrative growth opportunities.
  • The region is making significant progress regarding usage of bioenergy for transportation applications and transition from gasoline to cleaner biofuels. This has significantly contributed to the development of biofuel enzymes market.
Biofuel Enzymes Market Analysis

Biofuel Enzymes Industry Overview

The Global Biofuel Enzymes Market is partially consolidated in nature with a few major players dominating a significant portion of the market. Some of the major companies are AB Enzymes, DuPont, Iogen Corporation, DSM, and BASF SE and among others.

Biofuel Enzymes Market Leaders

  1. AB Enzymes

  2. DuPont

  3. Iogen Corporation

  4. DSM

  5. BASF SE

*Disclaimer: Major Players sorted in no particular order

AB Enzymes, DuPont, Iogen Corporation, DSM, BASF SE
Need More Details on Market Players and Competitors?
Download PDF

Biofuel Enzymes Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand for Biodiesel
    • 4.1.2 Increasing Environmental Concerns
  • 4.2 Restraints
    • 4.2.1 High Pricing of Enzymes
    • 4.2.2 Unfavorable Conditions Arising Due to COVID-19 Outbreak
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Product
    • 5.1.1 Amylases
    • 5.1.2 Cellulase
    • 5.1.3 Xylanase
    • 5.1.4 Others
  • 5.2 Application
    • 5.2.1 Biodiesel
    • 5.2.2 Corn/Starch-based Ethanol
    • 5.2.3 Lignocellulosic Ethanol
    • 5.2.4 Leather and Textile
    • 5.2.5 Others
  • 5.3 Geography
    • 5.3.1 Asia-Pacific
    • 5.3.1.1 China
    • 5.3.1.2 India
    • 5.3.1.3 Japan
    • 5.3.1.4 South Korea
    • 5.3.1.5 Rest of Asia-Pacific
    • 5.3.2 North America
    • 5.3.2.1 United States
    • 5.3.2.2 Canada
    • 5.3.2.3 Mexico
    • 5.3.3 Europe
    • 5.3.3.1 Germany
    • 5.3.3.2 United Kingdom
    • 5.3.3.3 France
    • 5.3.3.4 Italy
    • 5.3.3.5 Rest of Europe
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Rest of South America
    • 5.3.5 Middle-East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 South Africa
    • 5.3.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%) /Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AB Enzymes
    • 6.4.2 Advanced Enzyme Technologies
    • 6.4.3 Agrivida, Inc.
    • 6.4.4 BASF SE
    • 6.4.5 DSM
    • 6.4.6 DuPont
    • 6.4.7 Enzyme Supplies Limited
    • 6.4.8 Iogen Corporation
    • 6.4.9 Novozymes
    • 6.4.10 Transbiodiesel LTD
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Biofuel Enzymes Industry Segmentation

The Biofuel Enzymes Market report includes:

Product Amylases
Cellulase
Xylanase
Others
Application Biodiesel
Corn/Starch-based Ethanol
Lignocellulosic Ethanol
Leather and Textile
Others
Geography Asia-Pacific China
India
Japan
South Korea
Rest of Asia-Pacific
Geography North America United States
Canada
Mexico
Geography Europe Germany
United Kingdom
France
Italy
Rest of Europe
Geography South America Brazil
Argentina
Rest of South America
Geography Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region Or Segment?
Customize Now

Biofuel Enzymes Market Research FAQs

The Biofuel Enzymes Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

AB Enzymes, DuPont, Iogen Corporation, DSM and BASF SE are the major companies operating in the Biofuel Enzymes Market.

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Biofuel Enzymes Market.

The report covers the Biofuel Enzymes Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biofuel Enzymes Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Biofuel Enzymes Industry Report

Statistics for the 2024 Biofuel Enzymes market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Biofuel Enzymes analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Biofuel Enzymes Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)