The Future is Bright For Biocatalysis & Biocatalyst Market
The market for biocatalysis and biocatalysts, in terms of volume, is projected to reach 111.94 kilo ton by 2019, witnessing a CAGR of 5.50% between 2014 and 2019 Biocatalysis has replaced chemical synthesis processes and chemicals in a variety of industries such as starch processing, biofuel production, detergent industry, food and beverages industry, and pharmaceuticals industry. Applications such as biopharmaceuticals production and biofuel production are predicted to show higher growth than other applications. North America and Europe are the leading regions for the consumption of biocatalysts. The U.S. holds the largest share in the North American market while Germany holds the largest share in the European market. Asia-Pacific and the RoW regions are showing a significant increase in demand of biocatalysts.
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