Industrial Enzymes Market - Global Forecast 2022
The industrial enzymes market was valued at USD 4.61 billion in 2016, and is projected to grow at a CAGR of 5.8% from 2017, to reach USD 6.30 billion by 2022. The global industrial enzymes market has grown exponentially in the last few years and this trend is projected to continue. With the advent of strong R&D capabilities, companies are developing industrial enzymes that are of organic & natural origin and can act as alternatives to chemicals whose usage is strictly regulated by government agencies. The Asia-Pacific region is projected to be the fastest-growing Industrial enzymes market. The region has a large youth population with high disposable income, and has been witnessing rising health and environmental awareness among consumers. It also has large-scale production facilities and immense potential to fulfil market demand, and is therefore projected to witness a high growth rate during the forecast period. Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=237327836 The major restraining factor for the Industrial enzymes market is stringent regulations in this industry and lack of transparency in patent protection laws. Increasing use of cellulases in bio-fuel production; amylases in dairy production; and lipases for detergents and other industrial applications have fueled the growth of the industrial enzymes market. Read more: https://www.marketsandmarkets.com/Market-Reports/industrial-enzymes-market-237327836.html
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