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North America Industrial Enzymes Market - Growth, Trends, and Forecasts (2020 - 2025)

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North America Industrial Enzymes Market

The market was valued at USD XX.XX million in 2016 and is projected to reach USD XX.XX million by 2021 at a CAGR of XX.XX% during the forecast period from 2016 to 2021. This market is driven by the increasing diversity in enzyme applications, niche products, and environmental legislations curbing the usage of several chemicals.

The North America industrial enzymes market is segmented on the basis of application (food processing industry (dairy applications, bakery applications, brewing applications, other food applications), household care, pharmaceuticals, biofuels, textiles, leather processing, pulp & paper, and animal feed), on the basis of type( carbohydrases (amylases, cellulases, other carbohydrases), proteases, lipases, and others) and also on the basis of geography( the United States of America, Canada, and Mexico).

There are 12 major producers and a few hundred minor suppliers in the world market. Nearly 74.0% of the total enzymes are produced by the three top enzyme companies, which are Denmark-based Novozymes, U.S.-based DuPont, and Netherlands-based DSM. Novozymes is the only company with a pure play approach to enzymes and is the largest global player with an estimated 48.0% of the global share in 2015. The market is highly competitive, has small profit margins, and is technologically intensive.

Market Dynamics of the North America Industrial Enzymes Market:

Drivers:

  • Increasing diversity in enzyme applications and niche products
  • Increasing demand from industries in the emerging economies
  • Environmental legislations curbing the usage of several chemicals

Constraints:

  • Volatility of industrial production
  • Safety and efficacy of the product for customer acceptance
  • Cost efficiency for R&D investment and marketing of a new product
  • Various regulatory constraints for different markets

Enzymes are preferred in various industrial processes because they accelerate chemical reactions while being selective and efficient as well as environment-friendly in many cases. They are widely used in emerging and dynamic industries, such as biofuels, pharmaceuticals, and food processing. They have also been instrumental in better product innovations in markets, such as household care, textiles, pulp & paper processing, and so on.

There are now stringent environmental norms curbing the usage of chemicals. The demand from industries that are recently established in emerging countries is increasing at a fast rate as well. Additionally, the diversity in industries that use enzymes in a large number of applications is also a major driver in the market. However, volatility in the industrial production, concerns regarding the safety and quality of the product, and regulatory concerns in various industries are the major the restraints of the studied market in the market.

Some of the key players in this industry are:

  • Amano Enzyme Inc.
  • BASF AG
  • DSM
  • DuPont
  • Dyadic International Inc.
  • Novozymes

Key Deliverables in the Study:

  • Market analysis for the North America industrial enzymes, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the North America industrial enzymes on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

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