United States Biofuel Enzyme Market to Witness Significant Growth until 2025

According to TechSci Research report, “United States Biofuel Enzyme Market By Type (Cellulase, Amylase, Xylanase, Lipase, Other), By Source (Microorganism, Plants, Animal), By Reaction Type (Hydrolase, Oxidoreductase, Transferase, Lyase, Others), By Application (Biodiesel, Corn-Based Ethanol, Lignocellulosic Ethanol), By End User Industry (Food and Beverages, Household Care, Bioenergy, Pharmaceutical and Biotechnology, Feed, Others), By Region, Forecast & Opportunities, 2025”, the United States biofuel enzyme market is expected to grow at an impressive rate during the forecast period on account of the growing environmental awareness pertaining to greenhouse gas emissions and need to attain sustainability. Besides, increasing demand from various end user industries such as power, chemical, agriculture, transportation, among others, is further expected to fuel the market growth through 2025. Additionally, rising oil prices have increased the use of biofuels for transportation purposes in United States, thereby fueling the market growth. Furthermore, stringent government policies and schemes for the adoption of biofuels and reducing greenhouse gas emissions is further expected to foster the market growth. Moreover, increasing investments and new product launches by the major players operating in the market is further expected to create lucrative opportunities for the market growth during the forecast period. However, high cost of biofuel enzymes might restrict the market growth. Also, complex production process might further impede the growth through 2025. Moreover, issues pertaining to enzyme sensitivity to environmental conditions and factors and handling might further hinder the market growth during the forecast period.

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The United States biofuel enzyme market is segmented based on type, source, reaction type, application, end user industry, company and region. Based on type, the market can be categorized into cellulase, amylase, xylanase, lipase and others. Here, the amylase segment is expected to dominate the market on account of its increasing applications in various end user industries. Additionally, amylase can withstand high range of temperature and pH. This in turn increases the demand for the enzyme. On the other hand, cellulase is expected to hold the largest market share during the forecast period on account of its increasing use in ethanol production. Based on application, the market can be grouped into biodiesel, corn-based ethanol and lignocellulosic ethanol. Among these, the corn-based ethanol is expected to hold significant market share on account of its effectiveness, less emission and eco-friendly nature. However, lignocellulosic ethanol segment is expected to register significant growth in the market owing to the increasing commercialization of lignocellulosic ethanol.

NextCAT Inc., BASF SE, DuPont de Nemours, Inc., Iogen Corporation, Novozymes North America Inc, Koninklijke DSM N.V., Codexis Inc, Specialty Enzymes & Biotechnologies, Advanced BioFuels USA, Dyadic International Inc. and others are some of the leading players operating in United States biofuel enzyme market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“United States biofuel enzyme market is expected to grow significantly on account of the growing awareness pertaining to the environmental issues and carbon footprint among the population. Additionally, need to adhere to the norms of Kyoto protocol is further expected to propel the market growth through 2025. Furthermore, presence of major players operating in the market in the country is expected to create lucrative opportunities for growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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