The global industrial enzymes market is anticipated to witness significant growth in coming years owing to rising consumption of processed and packaged food. Industrial enzymes are natural protein molecules that act as catalysts in biochemical reactions. They are responsible for various biochemical reactions in animals, plants, human beings, and microorganisms. In addition, they can accelerate the reaction rate of biochemical processes.
The emerging global ionic liquids (ILs) market size is anticipated to reach over USD 40 Million for the forecasted year 2016 to 2024 with a CAGR around 9.35 %.
A catalyst is a substance that speeds up a chemical reaction without getting consumed. Thus, it can be recovered in its original form at the end of the reaction. Catalysts are a necessary part of all chemical reactions in the industrial sector.700
The Global Zeolite Molecular Sieve market is expected to grow at a CAGR of above 7% over the forecast period of 2016 to 2024
Increasing global population and changing lifestyle trends has increased demand for processed food products which is expected to positively impact the enzymes market over the forecast period. Growing application scope in animal feed industry is further estimated to augment demand for enzymes over the forecast period. Global enzymes market is expected to reach a value of over USD 7 million by 2020, growing at a CAGR at over 8% from 2014 to 2020.Enzymes have gained prominence in the food and beverage industry primarily due to the need for superior food quality and high reaction specificity.
Biofuels are renewable source of fuels which are generally formed by animal matter and waste plant. Biofuel enzymes are catalysts which speed up and alter the ongoing reaction, and increase the performance, productivity, and environmental gains in biofuels. Global Biofuel enzymes is expected to witness significant growth over the forecast period on account of increasing applications in corn based ethanol, lignocellulosic ethanol, biodiesel and others.