Biofuel Enzymes Market Forecast, Trends To 2020: Grand View Research, Inc.

Biofuels are the renewable and sustainable source of fuels which are mainly formed by waste plant and animal matter. Biofuel enzymes are biological catalysts which alter and speed up the ongoing reactions and increases productivity, performance and environmental gains in the biofuels. Biofuel enzymes serve various applications in biodiesel, lignocellulosic ethanol, corn/starch based ethanol and others. Biofuel enzymes increase specificity and efficiency of products. Growing environmental concerns and increased government policies to form legislations for blending of biofuel have turned to be the prime driver in broadening the market for biofuel enzymes. In addition this market is driven by growth in end application markets i.e. growing consumption of biodiesel and bio-based ethanol which has helped in reduction in the cost of fuel and carbon dioxide emissions. Many sectors such as transport, power, chemical, domestic, agriculture have started utilizing these biofuel enzymes in their production line thus leading to the growth in market of the biological enzymes. One of major restrain to the growth of this market is the enzyme cost, which is used in the production of lignocellulosic biofuel. The upcoming opportunities in this market are commercialization of lignocellulosic ethanol, development of low cost enzymes for lignocellulosic biofuel and the fast growth in U.S. market due to mandatory practise of blending of biofuel.

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Biofuel enzymes market is categorized by different products such as amylases, industrial lipases, and others. The market for amylases enzymes is further divided into industrial proteases and cellulase. Amylase market is expected to grow with rapid pace due to its capability to withstand wide range of temperature and pH level and thus expected to contribute to the market growth of biofuel enzymes. The shift toward use of cellulases and related enzymes for production of ethanol is expected to drive the market growth in the near future. Industrial lipases are expected to increase market of biofuel enzyme due to its broad applications in the cleaning agents industry.

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Biofuel enzymes witness wide application in the market which includes biodiesel, lignocellulosic ethanol, corn/starch based ethanol and others. Biodiesel being a cleaner fuel serves as replacement of diesel worldwide. Its growing demand worldwide has fuelled the growth of biofuel enzyme market. Corn-based ethanol is expected to capture the market in forecast period  as it produces less pollution and makes fuel more effective. Development of technologies related to biofuel enzymes which is particularly used in production of cellulosic ethanol, is significantly contributing to the rapid growth of the biofuel industry. As cellulosic biofuels reduces the greenhouse gases therefore they are emerging as important alternative for gasoline and expected to raise the biofuel enzyme market share.

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