Europe Biofuel Enzyme Market - Future, Scope, Trends
Market Research Consultants
Updated on Jun 6, 2023
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Depleting non-renewable forms of energy to drive the growth of the Europe biofuel enzyme market. According to TechSci Research report, “Europe 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 Country, Forecast & Opportunities, 2025”, the Europe 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.
The Important Factors of the Europe Biofuel Enzyme Market
This has led to an increase in demand and adoption of cleaner forms of energy. Additionally, rising oil prices have increased the use of biofuels for transportation purposes in Europe, thereby fueling market growth during the forecast period. Furthermore, stringent government policies and schemes for the adoption of biofuels and reducing greenhouse gas emissions are further expected to foster market growth.
Moreover, increasing investments and new product launches by the major players operating in the market are expected to create lucrative opportunities for market growth during the forecast period. However, the high cost of biofuel enzymes might restrict the market growth. Also, complex production processes might further impede 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 Europe 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 cellulase segment is expected to register significant growth in the market through 2025.
This can be ascribed to the increasing use of the enzyme in ethanol production. Based on application, the market can be grouped into biodiesel, corn-based ethanol, and lignocellulosic ethanol. Here, the biodiesel segment is expected to dominate the market since it serves as an alternative to diesel. Additionally, this is eco-friendly and a cleaner form of fuel. However, the lignocellulosic ethanol segment is expected to register significant growth in the market owing to the increasing commercialization of lignocellulosic ethanol.
The Major Competitors of the Europe Biofuel Enzyme Market
- AB Enzymes GmbH
- Novozymes A/S
- Verenium Corporation
- CLEA Technologies B.V.
- Enzyme Supplies Limited
- Du Pont de Nemours & Co.
- BASF SE
- Koninklijke DSM N.V.
- Advanced Enzyme Technologies
- MetGen, Dyadic International
- Advanced BioFuels and others are some of the leading players operating in the Europe 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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“European countries are trying hard to achieve sustainability and mitigate the effects of climate change and global warming. In order to reduce the pressure on the conventional forms of energy the region has started adopting the alternative forms of energy. France and Germany are the countries, which have the highest demand for biofuel enzymes so that they can efficiently produce bioethanol.
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Additionally, the presence of major market players such as Novozymes a/s, AB Enzymes GmbH, BASF SE, among others in the region is expected to create lucrative opportunities for market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Europe 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 Country, Forecast & Opportunities, 2025”, has evaluated the future growth potential of Europe biofuel enzyme market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Europe biofuel enzyme market.
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