Textile Enzyme Market Size By Dynamics Regional Insights and Market Expansion Strategies

According to a report by Allied Market Research, the global textile enzyme market was valued at $672.3 million in 2020 and is projected to reach $1.22 billion by 2030, growing at a CAGR of 6.3% from 2021 to 2030.

The report offers a comprehensive analysis of market dynamics, including top investment pockets, key strategies, competitive landscape, and emerging trends.

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Key Drivers & Opportunities

- Increased Textile Production: The growing demand for garments and home textiles globally is propelling the market.

- Advantages of Textile Enzymes: Enzymes offer eco-friendly, energy-saving, and cost-effective alternatives to traditional chemical processes.

- Emerging Applications: Expanding use in bio-polishing and fabric designing creates new growth opportunities.

However, high costs associated with textile enzymes remain a challenge to market growth.

Segment Highlights:-

By Type:

- Cellulase dominated the market in 2020, accounting for nearly one-third of the total revenue.

- Amylase is anticipated to witness the fastest growth, registering a CAGR of 7.1% during the forecast period.

By Application:

- Bio-polishing emerged as the leading application, contributing to more than one-fourth of the market share in 2020.

- Desizing is expected to grow at the highest CAGR of 7.0% through 2030.

By Region:

- Asia-Pacific led the global market in 2020, capturing nearly half of the total market share.

- It is also poised to grow at the fastest rate with a projected CAGR of 6.6% by 2030.

Key Market Players:

Major companies operating in the textile enzyme industry include:

- 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 players are actively engaging in strategies like partnerships, joint ventures, expansions, and collaborations to strengthen their market positions.

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About Us:
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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