Worldwide High Growth In Synthetic Biology Market With Registering CAGR of 44.2% And estimated to reach $38.7 billion by 2020 By Top Key Players - BASF , GEN9 Inc. , Algenol Biofuels , Codexis Inc. , GenScript Corporation , DuPont , Butamax Advanced Biofu

World Synthetic Biology Market :

Synthetic biology is a novel field that finds its origin at the intersection of biology and engineering. It involves designing and construction of biological systems or devices that can be applied in varied domains to get specified results. It’s a multidisciplinary effort made by scientists to understand the functioning of biological organisms, cells & genes and implementation of artificial genetic processes to give specific characteristics to an organism. It can even be used to develop a completely new biological system. Global synthetic biology market was valued at $3.0 billion in 2013 and it is estimated to reach $38.7 billion by 2020, growing at a CAGR of 44.2% during the forecast period.

Assistance from government and private organizations, rising number of entities conducting research and declining cost of DNA sequencing and synthesizing are key driving factors of the market. Governments are providing funds to research organizations, assisting them to find novel applications of synthetic biology. Bio-safety & bio-security issues, ethical issues and regulations are key retraining factors of the market.

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Synthetic Biology Product Market Analysis

Synthetic Biology product market is segmented into enabling products, enabled products and core products. In 2013, enabled product segment was the largest revenue generating segment and this segment would not experience substantial market change in the coming years. Enabling product is the fastest growing segment at a CAGR of 53.7% during the forecast period. Enabling products have many applications in various fields. Advancement in the technologies require lot of issues to be addressed such as high rate of error in the self-assembly, high cost of DNA, etc.

Synthetic Biology Technology Market Analysis

Synthetic Biology technology market is segmented into enabling technology and enabled technology. In 2013, enabled technology had generated highest revenue and it is forecast that in the coming years, this segment would continue to dominate the other segment in revenue generation. Enabling technologies segment is growing at a faster rate, and growing at a CAGR of 48.6% during the forecast period. Recent advancement in the cellular and molecular biology requires monitoring and manipulation of biological system.
Top Key Players - BASF , GEN9 Inc. , Algenol Biofuels , Codexis Inc. , GenScript Corporation , DuPont , Butamax Advanced Biofuels , BioAmber , Biosearch Technologies, Inc. , OriGene Technologies, Inc. , Synthetic Genomics, Inc.

Synthetic Biology Application Market Analysis

Synthetic Biology application market is segmented into research & development, chemicals, agriculture, pharmaceuticals & diagnostics, biofuels and others (biotechnology and biomaterials). In 2013, pharmaceuticals & diagnostics was the largest revenue-generating segment and it is forecast that this segment would continue to dominate the other segments in revenue generation. Biofuels is the fastest growing segment at a CAGR of 85.2% during the forecast period. There is high demand for energy security, food safety and fuel generated from agriculture, which is contributing to the growth of the Biofuels market.

Synthetic Biology Geography Market Analysis

Synthetic Biology geography market is segmented into North America, Europe, Asia Pacific and RoW. In Europe, there were many supporting government regulations due to which it was possible to invest a lot in the synthetic biology research. These researches resulted into application of synthetic biology in various fields such as medicine, energy, environment, biological Nano machines & biosensors, chemical industry, national security. Asia- pacific is the fastest growing segment experiencing a CAGR of 46.4% during the forecast period. Asia pacific brings lot of opportunities for the growth of the Synthetic Biology market. The factors that are driving the growth of the market are large number of under nutrition population that brings in the need for increased food production. This factor results in high demand for synthetically modified crops. Rising petroleum based fuel prices are resulting in high demand for bio-diesel, which is also contributing to the growth of the synthetic biology market.

Synthetic Biology Market Competitive Analysis

The strategies followed by key players in this market present a clear understanding about the intensity of concentration they are giving to a specific business segment. Strategic analysis of the companies reveals that most of the companies are concentrating on agreements followed by product launch for the expansion of their business. The agreements among the companies would enhance their operations and services. Most of the agreements were related to development of product for chemical industries, followed biofuels and synthetic genes industries. Product launches were adopted by the companies to diversify their products and explore new areas of applications. Companies adopted strategies to launch new products to diversify its approach in the chemical industry and pharmaceuticals. Companies also adopted strategies such as collaboration, joint venture and acquisition for the expansion of their business. These strategies resulted in the advancement of the technology and diversification of the products in the untapped areas. These strategies were adopted by the companies to diversify their business in the industries such as pharmaceuticals, synthetic genes, biofuels and chemicals.

Synthetic Biology Market High-Level Analysis

Porter’s five-force analysis weighs the bargaining power of buyers and suppliers including the rivalry scenario in the market. As far as core products of the market are concerned, there are few suppliers; and this fact raises the bargaining power of the suppliers. However, declining prices of DNA sequencing and synthesis may lower their bargaining power in future. Being a novel field, threat of substitute is low, as it is far better than the conventional technologies. The value chain analysis reveals that enabling products such as DNA synthesis and oligonucleotide synthesis act as building blocks for the core products and the core products are used by various industries to manufacture enabled products such as chemicals and bio-fuels. Top investment pocket analysis reveals biofuels as the most promising sector for investments in future. This market possesses huge growth potential; however, cash flow in this sector at present is comparatively low. Various petroleum and chemical companies are expected to enter this market during the forecast period.

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Key Benefits

• Analysis of the synthetic biology market on the basis of various segments such as products, technology, application and geography is expounded in the report.
• To study the various factors that are enhancing and restraining the growth of the market that would help the market players in deeply understanding the market
• Qualitative as well as quantitative analysis of the current market conditions coupled with future estimations through 2014-2020 would help stakeholders take strategic and profitable decisions
• Geographic analysis of the market would help the companies to plan and take region based decisions
• Porter’s five forces model helps to understand the bargaining power of buyers and suppliers and threat of the new entrants
• Analysis of the captivating strategies adopted by the market players is conducted and that would assist the stakeholders to take actionable decisions
• The analysis focuses on the wide variety of opportunities for the growth and expansion of the market

Reason for doing the study

Synthetic Biology is a relatively newer field, came into existence a decade ago. Many of its applications have recently entered the commercial market. Other potential applications would see commercialization in near future. As the market holds huge potential in future and has widespread applications, namely in industries such as chemical, pharmaceuticals, fuels, agricultural, healthcare, etc., the understanding of the market beforehand will give an upper hand to the stakeholders.

Key Deliverables

 Market by Products

• Enabling Products
• DNA Synthesis
• Oligonucleotide Synthesis

 Enabled Products

• Pharmaceuticals
• Chemicals
• Biofuels
• Agriculture

 Core Products

• Synthetic DNA
• Synthetic Genes
• Synthetic Cells
• XNA
• Chassis Organisms

Market by Technology

 Enabling Technology

• Genome Engineering
• Microfluidics technologies
• DNA synthesis & sequencing technologies
• Bioinformatics technologies
• Biological components and integrated systems technologies

 Enabled Technology

• Pathway engineering
• Synthetic microbial consortia
• Biofuels technologies

 Market by Application

• Research & Development
• Chemicals
• Agriculture
• Pharmaceuticals & Diagnostics
• Biofuels
• Others (Environment, Biotechnology & Biomaterials, etc.)

 Market by Geography

• North America
• Europe
• Asia Pacific
• RoW

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