United States is the largest market for biofuel enzymes and is expected to grow at an impressive rate during the forecast period. The United States biofuel enzyme market is driven by the increasing greenhouse gases emission, global warming and climate change. Additionally, depleting non-renewable forms of energy is further expected to propel the market. All these factors have led to the adoption of alternative and cleaner forms of energy. This in turn is expected to positively influence the market growth through 2025. Besides, the increasing production and use of bioethanol and biodiesel is further expected to create lucrative opportunities for the market growth. Furthermore, supportive government policies and institutions such as United States Department of Energy and National Renewable Energy Laboratory are promoting the use and manufacture of biofuel enzymes, thereby fueling the market growth over the next few years. Moreover, the sudden outbreak & spread of pandemic COVID-19 and lockdown across countries with United States being adversely impacted by the pandemic, is expected to slow down the market growth. Due to this outbreak, the chemical manufacturing has been adversely impacted and the pandemic is further expected to have a severe impact on the growth patterns of biofuel enzymes and other enzymes.
The United States biofuel enzyme market is segmented based on type, source, reaction type, application, end user industry, company and region. Based on application, the market can be grouped into biodiesel, corn-based ethanol and lignocellulosic ethanol. Among these, the biodiesel segment is expected to dominate the market through 2025. This can be ascribed to the widespread adoption and use of biodiesel as an alternative form of energy.
Major players operating in the United States biofuel enzyme market include NextCAT Inc., BASF SE, DuPont de Nemours, Inc., Iogen Corporation, Novozymes North America Inc, Koninklijke DSM N.V., Codexis Inc, Specialty Enzymes & Biotechnologies, Advanced BioFuels USA, Dyadic International Inc. and others. The companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions.
Years considered for this report
Historical Years2015-2018
Base Year2019
Estimated Year2020
Forecast Period2021–2025
Objective of the Study
- To analyze and estimate the market size of United States biofuel enzyme market from 2015 to 2018.
- To estimate and forecast the market size of United States biofuel enzyme market from 2019 to 2025 and growth rate until 2025.
- To classify and forecast United States biofuel enzyme market based on type, source, reaction type, application, end user industry, company and regional distribution.
- To identify dominant region or segment in the United States biofuel enzyme market.
- To identify drivers and challenges for United States biofuel enzyme market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States biofuel enzyme market.
- To identify and analyze the profile of leading players operating in United States biofuel enzyme market.
- To conduct pricing analysis in the United States biofuel enzyme market.
- To identify key sustainable strategies adopted by market players in United States biofuel enzyme market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the country. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers which could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the country.
Market insights research calculated the market size of
Key Target Audience
- Biofuel enzyme manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to biofuel enzyme
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as
