Global Cellulase (CAS 9012-54-8) Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Cellulase Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global cellulase market report has been segmented on the basis of type, source type, end user, and region.
Global Cellulase Market: Overview
Cellulase is produced by fungi, protozoans, bacteria, and animals such as snails, earthworms, and termites for hydrolysis of cellulose. It is widely used in food, pharmaceutical, textile, paper & pulp, and other industries. In addition, it is used as an ingredient in laundry detergents, cleaning agents, beverages, etc.
Global Cellulase Market: Dynamics
Increasing demand for cellulase in textile, pharmaceutical, and cosmetic industries owing to its properties is a major factor expected to proliferate growth of the cellulase market to certain extent. Additionally, increasing demand for high quality of paper result in demand for cellulase in paper & pulp industry. Cellulase is used in paper & pulp industry owing to its ability to consume less energy while refining and to decrease viscosity of pulp. This is another factor expected to augment growth of the target market. Moreover, growing demand for cellulase in alcoholic and non-alcoholic beverages owing to improve yield and quality of beverages is among some of the other factor projected to drive growth of the cellulase market in years to come.
However, high processing cost is a major factor which may hamper demand for cellulase and restrain growth of the target market. In addition, requirement of this enzyme in biomass saccharification is another factor restraining growth of the target market.
Development for new and cost-effective cellulase is a factor expected to offer revenue opportunities for players operating in the target market.
Global Cellulase Market: Segment Analysis
Among the type segments, the β-glucosidase segment is projected to register highest revenue growth in the target market, owing to its wide usage in textile, cosmetic, food, detergents, animal feed, tobacco, and others. Among the source type segments, the fungi segment is projected to register highest revenue growth in the target market, owing to their widespread use in a number of industries. Among the application segments, the textile segment is expected to account for major revenue share in the target market in the next coming years owing to its properties such as bio-polishing of fibers, improving fabric quality, removal of dye, etc.
Global Cellulase Market: Region Analysis
The market in North America is estimated to account for highest revenue share, and is expected to dominate in the global cellulase market in the next 10 years. This is attributable to rising demand for cellulase in biofuel in the US, coupled with increasing initiatives by government, and presence of prominent players in countries in the region. The Asia Pacific market is projected to register fastest growth rate in years to come, owing to rapid industrialization, coupled with growing textile, pulp and paper, and food & beverages in countries such as China, India, and others, and increasing funding by government in various sectors. The cellulase market in Europe is expected to account for considerable revenue share in the next 10 years, followed by Latin America and Middle East & Africa. Increasing demand for cellulase in various industries such as biofuels, healthcare, and industrial is a factor expected to drive growth of the target market in the regions.
Global Cellulase Market Segmentation:
Segmentation on the Basis of Type:
- Endoglucanase (EG)
- Exoglucanase (CBH)
- β-glucosidase (BG)
Segmentation on the Basis of Source Type:
Segmentation on the Basis of End User:
- Pulp and Paper
- Food & Beverages
- Animal Feed
- Others (Biofuels and Industrial)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Worthington Biochemical Corporation
- Novozymes A/S
- DowDuPont, Inc.
- Koninklijke DSM N.V.
- AB Enzymes GmbH
- Amano Enzyme Inc.
- BIO-CAT, Inc.
- Creative Enzymes
- Sunson Industry Group Co., Ltd.
- Codexis, Inc.
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