Press release
Textile Enzyme Market Projects Impressive CAGR Growth of 6.3% by 2031,Revealing Market Value of US $1,227.2 Bn
Textile Enzyme Market
The global textile enzyme market was valued at $672.3 million in 2020 and is projected to reach $1.22 billion by 2030, exhibiting a CAGR of 6.3% from 2021 to 2030. This growth is driven by the increasing demand for textile production and the numerous benefits offered by textile enzymes. However, the rising costs associated with these enzymes present some challenges to market growth. Nonetheless, the expanding use of enzymes in fabric design and bio-polishing is anticipated to create lucrative opportunities within the industry.
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
Key Insights from the Report
The report provides a comprehensive analysis, including:
- Investment Opportunities: Identification of the top investment pockets in the market.
- Growth Drivers & Challenges: An overview of factors propelling and restraining market expansion.
- Market Size & Forecasts: Detailed estimations of market size and growth trajectories.
- Competitive Landscape: Insights into the competitive scenario among key players.
- Market Trends: Analysis of current and emerging trends in the textile enzyme sector.
Market Segmentation
By Type
- Cellulase: Held nearly one-third of the global market share in 2020, making it the leading segment.
- Amylase: Projected to grow at the fastest CAGR of 7.1% throughout the forecast period.
By Application
- Bio-Polishing: Generated the largest market share in 2020, accounting for over one-fourth of the global market.
- Desizing: Expected to manifest the fastest CAGR of 7.0% from 2021 to 2030.
By Region
- Asia-Pacific: Dominated the market in 2020, holding nearly half of the global share, and is projected to record the fastest CAGR of 6.6% by 2030. Other regions analyzed include North America, Europe, and LAMEA.
Key Market Players
The report highlights several key players in the global textile enzyme market, including:
- 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.
- Novozymes A/S
These companies employ various strategies such as partnerships, expansions, collaborations, and joint ventures to strengthen their market positions.
Conclusion:
The global textile enzyme market is poised for significant growth in the coming years, driven by increasing textile production and the benefits of enzyme applications. While challenges persist, particularly in terms of cost and pandemic impacts, the evolving landscape presents numerous opportunities for innovation and investment.
πππππ’π§ πππ©π¨π«π πππππ’π₯π¬: https://www.alliedmarketresearch.com/textile-enzyme-market-A14371
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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