The new report by Expert Market Research titled, ‘Global Biocatalysts Market Report and Forecast 2023-2028’, gives an in-depth analysis of the global biocatalysts market, assessing the market based on its segments like type, application, source, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view report summary: https://www.expertmarketresearch.com/reports/biocatalysts-market/requestsample
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): 117 Kilotons
- Forecast CAGR (2023-2028): 6.4%
- Forecast Market Size (2026): 170 Kilotons
Biocatalysts’ use has grown steadily as a result of technological advancements and the fact that they are environmentally friendly. Moreover, as the benefits of biocatalysts and their environmental protection have become more widely recognised, demand for the product has increased in industries such as food and beverage, detergents, starch processing, and textiles. Over the forecast period, the growing number of research activities in biofuels and biopharmaceuticals in relation to biocatalysts is expected to have a positive impact on the biocatalysts industry.
Explore the full report with the table of contents: https://www.expertmarketresearch.com/reports/biocatalysts-market
Industry Definition and Major Segments
Biocatalysis is the use of living (biological) systems or parts of living (biological) systems to accelerate (catalyse) chemical reactions. Natural catalysts, such as enzymes, perform chemical transformations on organic compounds in biocatalytic processes and are called biocatalysts.
On the basis of type, the market can be divided into:
The industry is segmented based on application into:
- Food and Beverages
- Cleaning Agent
- Biofuel Production
- Agriculture and Feed
Based on source, the market can be divided into:
Regionally, the industry is segmented into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The global demand for biocatalysts is mainly driven by the rising environmental consciousness. Various technological advancements have made it possible to replace traditional chemical catalysts, which release toxic elements into the atmosphere when used, with biocatalysts, which are a more environmentally friendly option. Biocatalysts are gaining popularity in chemical synthesis due to a number of benefits, including easier separation, fewer side reactions, and less use of protecting groups. Biocatalysts are also less energy-intensive than traditional alkaline catalysed methods, allowing for the use of unrefined feedstock in biodiesel production.
Key Market Players
The major players in the market are Novozymes, Du Pont, Codexis Inc., BASF SE, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Read more reports:
Automotive Piston Market: https://www.marketwatch.com/press-release/global-automotive-piston-market-to-be-driven-by-the-rising-automotive-industry-in-the-forecast-period-of-2021-2026-2023-04-26?mod=search_headline
Cyber Physical System Market: https://www.marketwatch.com/press-release/global-cyber-physical-system-market-size-to-grow-at-a-cagr-of-78-in-the-forecast-period-of-2023-2028-2023-04-26?mod=search_headline
Ball Bearing Market: https://www.marketwatch.com/press-release/global-ball-bearing-market-to-be-driven-by-the-rising-application-of-the-product-in-the-industrial-machinery-in-the-forecast-period-of-2023-2028-2023-04-26?mod=search_headline
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: Claight Corporation
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA