Textile Enzymes Market: Overview
Enzymes find extensive usage in textile processing, primarily for desizing and bio-polishing of various types of fabrics including cotton-based ones. They have gained substantial traction on account of their non-toxic and eco-friendly nature. These enzymes offer high efficiency and specific action, making them better substitutes than most strong acids, bases, and oxidizing agents used for textile processing. Changing fashion fads and rising disposable incomes of young adults across the world are trends driving the expansion of the textile enzymes market.
The increasing focus toward sustainable textile processing in textile mills and garment laundries is fueling the strides of the market. Advances made in jeans desizing and synthetic fabric finishing will shape the evolution trajectory over the next few years. Industry players are focused on reducing the overall cost of production of textile enzymes in order to bolster their uptake. Furthermore, growing impetus by governments toward low-pollution textile processing in emerging economies will open new avenues in the global textile enzymes market.
The global textile enzymes market stood at US$201.5 million in 2017 and is projected to clock a CAGR of 4.0% during 2018–2026.
Textile Enzymes Market - Overview
This report analyzes and forecasts the market for textile enzymes at the global and regional levels. The market has been forecast in terms of volume (tons) and value (US$ Mn) from 2018 to 2026. The study includes drivers and restraints of the global market. It also covers the anticipated impact of these drivers and restraints on the demand for textile enzymes during the forecast period. The report also highlights growth opportunities in the global textile enzymes market.
The report comprises detailed value chain analysis, which provides a comprehensive view of the global textile enzymes market. The Porter’s Five Forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein thickness, packaging type, and end-use segments have been benchmarked based on market size, growth rate, and general attractiveness.
The study provides a decisive view of the global textile enzymes market by segmenting it in terms of type and application. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and projected demand for textile enzymes in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for textile enzymes in individual type and application segments across all regions. Key players operating in the global textile enzymes market are Novozymes A/S, Sunson Industry Group Co., Ltd., Lumis, AB Enzymes, E.I.du Pont de Nemours and Company, BASF SE, Refnol Resins & Chemicals Ltd., Maps Enzymes Ltd., Genotek Biochem, Zytex (India) Pvt. Ltd, and Koninklijke DSM N.V. Market players have been profiled in terms of company overview, financial overview, business strategies, and recent developments.
The report provides size (in terms of volume and value) of the textile enzymes market for the base year 2017 and the forecast between 2018 and 2026. Market numbers have been estimated based on type and application segments of the market. Market size and forecast for each major type and application segment have been provided for the global and regional markets.
In-depth interviews and discussions have been conducted with a number of key market participants and opinion leaders to compile this research report. Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various end-use industries have been reviewed for competition analysis and market understanding. Secondary research also includes search of recent trends, trade publications, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proved to be a reliable, effective, and successful approach for obtaining precise market data, capturing market participants’ insights, and recognizing growth opportunities.
Global Textile Enzymes Market, by Type
- Others (including Mannanase, Lipase, Peroxidase, and Glucose)
Global Textile Enzymes Market, by Application
- Enzymatic Bleaching
- Others (including Fabric Softening, Fabric Dyeing, and Fiber Modification)
Global Textile Enzymes Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Rest of Middle East & Africa
- Extensive analysis of the global textile enzymes market trends from 2018 to 2026 to identify growth opportunities and analyze market developments
- List of key developments made by major players in the global textile enzymes market
- List of key factors useful for building a roadmap of upcoming opportunities in the textile enzymes market at the global, regional, and country levels
- Insights into growth opportunities for various stakeholders in the market value chain and detailed competition landscape of key players in the market to help understand the competition level
- Porters’ Five Forces Analysis highlights the potency of buyers and suppliers and enable stakeholders to make profit-oriented business decisions