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New Revenue Pockets - Industrial Enzymes Market
With a large number of developments taking place in the industry, its market is expected to illustrate a positive growth on the global spectrum. An increasing demand for products such as biofuels, bakery products, detergents, and so on, has forced manufacturers to increase and optimize their production capacity. Resource optimization, cost mitigation, as well as a necessity to accelerate the production process to meet a void between demand and supply, has forced manufacturers to utilize their latest enzyme technology in the industrial processes. Hence, the industrial enzyme industry has witnessed the maximum number of new product launches in 2013.
Key players in the global industrial enzymes market prefer new product launches to capture the maximum market share. Enzymes are primarily utilized in industrial processes to enhance product quality. They are also preferred due to their specific catalytic properties that accelerate the production process as well as save vital resources. Growing demand is anticipated from the industrial sector, since enzyme manufacturers are investing significant amounts of their revenues to enhance their existing product range as well as to introduce new products in the market. Enzymes manufacturers such as Codexis Inc. (U.S.) are undertaking collaborative research efforts with key players in the industry, in order to optimize their research and development efforts.
Industrial Enzymes Market by Types (Carbohydrase, Protease, Lipase), Applications (Food & Beverages, Cleaning Agents, Bio-Fuel, Animal Feed), & Geography - Global Trends & Forecasts to 2018
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