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Biofuel Enzymes Market

Dublin, Nov. 20, 2023 (GLOBE NEWSWIRE) -- The "Biofuel Enzymes - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

Global Biofuel Enzymes Market to Reach $1.9 Billion by 2030

The global market for Biofuel Enzymes estimated at US$1 Billion in the year 2022, is projected to reach a revised size of US$1.9 Billion by 2030, growing at a CAGR of 8.1% over the analysis period 2022-2030. Amylase, one of the segments analyzed in the report, is projected to record 7.8% CAGR and reach US$683.8 Million by the end of the analysis period.

Growth in the Cellulase segment is estimated at 8.6% CAGR for the next 8-year period.

Market Trends and Drivers:

• Expanding Role of Renewable Fuels in the Global Energy Mix Reflects Opportunities for Biofuels

• Biofuel Remains an Indispensable Element of Inclusive Clean Energy & Susceptibility Initiatives

• Superiority of Enzyme-based Production over Conventional Method Drives Adoption

• Uptrend in Advanced Biofuels Favors Market Growth

• First Generation Vs Second Generation Biofuels: A Snapshot

• Availability of Biofuel Feedstock & Policies to Drive Biofuel Output

• Favorable Biofuel Blend Mandates & Blend Targets Offer Opportunities

• Growth in Cellulosic Biofuels Demand to Underpin Enzymes Sales

• Cellulosic Biofuels Vs Conventional Biofuels and Petroleum

• Improving Economics of Cellulosic Biofuel Production Augur Well

• Switchgrass: Potential Feedstock in Advanced Biofuel Production

• Amylases Continue to Sustain Demand in Fuel Ethanol Production Led by Myriad Benefits

• Enzymatic Production of Biodiesel from Low Quality Oils Gathers Steam

• Rising Demand for Ethanol as Fuel Spurs Market Prospects

• Increasing Trend towards Ethanol Blending with Gasoline Fuels Market Prospects

• Global Push Away from Fossil Fuels and increasing Demand for Alternate Fuels in Automotive Industry Offers Opportunities for Growth

• Flex-Fuel Vehicles Drive Demand of Biofuels

• Aviation Biofuels to Widen Growth Prospects

• Ongoing R&D Efforts to Strengthen Future Growth

• Algae Enzyme to Accelerate Biofuel Production

• Genetic Engineering Yields Bio-Factory for Enzyme Cocktail to Aid Biofuel Synthesis

• Novel Enzyme Extraction Technique Opens up New Avenues for Cost-Efficient, Enzyme-based Biodiesel Synthesis

• Use of Protein Crystals for Trapping Enzymes

• Fungal Species Exude Enzymes with Similar Functional Characteristics

• Copenhagen Chemists Evaluate Role of LPMO Enzymes in Cellulose Breakdown

• Researchers Develop Enzyme Processing VFD Technology

• Tokyo Researchers Study CBAP Enzyme Mechanism in Biofuel Production

• Limitations of Biofuel Enzymes

• Issues & Challenges Hindering Growth in Biofuels Market

• High Production Costs Deter Global Adoption

• Established Image and Wider Availability of Petroleum-based Fuels

• Growing Share of Natural Gas in the Energy Mix

• Rising Importance of Electric Vehicles