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Textile Enzyme Market Developments: Notable Innovations and Breakthroughs
Textile Enzyme Market
ππ¨π°π§π₯π¨ππ πππ¦π©π₯π πππ ππ¬ π¨π πππ¬πππ«ππ‘ ππ―ππ«π―π’ππ°: https://www.alliedmarketresearch.com/request-sample/14740
The surge in textile production coupled with the significant advantages offered by textile enzymes propels the expansion of the global textile enzyme market. Conversely, the escalating cost of textile enzymes imposes a restraining effect on market growth to some degree. However, the increasing utilization of enzymes in fabric designing and bio-polishing is anticipated to open up lucrative avenues in the industry.
The COVID-19 pandemic scenario induced transport restrictions worldwide, leading to diminished industrial output and disrupted supply chains, thereby negatively impacting the growth of the textile enzymes market. Moreover, adherence to social distancing norms resulted in manufacturing companies operating with reduced workforce capacities, particularly during the initial phase, thereby hindering production processes. Nevertheless, with the gradual improvement in the global situation, the market is poised to witness a resurgence.
The global textile enzyme market is segmented based on type, application, and region.
In terms of type, the cellulase segment dominated the market share in 2020, accounting for approximately one-third of the global market. Conversely, the amylase segment is anticipated to exhibit the fastest CAGR of 7.1% throughout the forecast period.
Regarding application, the bio-polishing segment commanded the highest share in 2020, representing over one-fourth of the global market. Conversely, the desizing segment is projected to register the fastest CAGR of 7.0% from 2021 to 2030.
Geographically, the Asia-Pacific region captured the largest share of the market in 2020, accounting for nearly half of the global market. Additionally, the same region is expected to record the swiftest CAGR of 6.6% by the culmination of 2030. Other regions analyzed in the report encompass North America, Europe, and LAMEA.
The key players scrutinized in the global textile enzyme market report comprise BASF SE, E.I. du Pont de Nemours, Genotek Biochem., Koninklijke DSM N.V., Refnol Resins & Chemicals Ltd., AB Enzymes, Tex Biosciences Pvt. Ltd., Lumis, Maps Enzymes Ltd., and Novozymes A/S. These market participants have adopted various strategies such as partnerships, expansions, collaborations, joint ventures, among others, to fortify their position in the industry.
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