HOME › Research Insight › The Core Strengths of the Key Players in this Market are their Expansion and Investment Strategies to Increase Their Competitive Reach in the Technical Enzymes Market
The Core Strengths of the Key Players in this Market are their Expansion and Investment Strategies to Increase Their Competitive Reach in the Technical Enzymes Market
The technical enzymes market is highly fragmented and competitive, with key market players adopting strategies such as expansions and investments to meet consumer demand. Leading players actively invest in R&D activities and develop new products and technology in different applications. The key driving factors of the technical enzymes market include growing industrialization, adoption of advanced technology, increasing application spectrum of technical enzymes along with increasing disposable income.
The leading players in this market are BASF SE (Germany), E.I. du Pont de Nemours and Company (U.S.), Associated British Foods Plc (U.K.), Koninklijke DSM N.V. (The Netherlands), and Novozymes A/S (Denmark). Other players include Dyadic International Inc. (U.S.), Advanced Enzyme Technologies Limited (India), MAPS Enzyme Limited (India), Epygen Labs FZ LLC (UAE), and Megazyme (Ireland).
The core strengths of the key players in this market are their expansion and investment strategies to increase their competitive reach in the technical enzymes market and provides opportunities to the key industrial players to increase their geographical footprint, improve their distribution network through the means of vertical integration, and ease of access to the acquiring company to enter into new markets quickly and efficiently with an added advantage of acquiring new regional markets along with customer segments for their products. Key companies such as BASF SE (Germany), E.I. du Pont de Nemours and Company (U.S.), Koninklijke DSM N.V. (The Netherlands), Novozymes A/S (Denmark), Dyadic International Inc. (U.S.), Advanced Enzyme technology Limited (India), and Epygen Labs FZ LLC (UAE) are focusing on expanding their regional presence to maintain their position. For instance, in June 2015, Novozymes A/S (Denmark) opened an innovation center in Lyngby. The innovation center conducts research and aims at understanding customers’ needs. The innovation center would help Novozymes to strengthen the company’s biotechnology and help in innovating products using biotechnology.
Companies are expanding their geographically diverse businesses and large distribution networks through cross-selling marketing strategies such as expansions, partnerships, agreements, and collaborations. Market leaders such as E.I. du Pont de Nemours and Company (U.S.) and Koninklijke DSM N.V. (The Netherlands) have successfully tapped into potential markets such as Brazil and Mexico.
Apart from expansions and investments, companies are also involved in partnerships, agreements & collaborations, new product launches, and acquisitions. For instance, in June 2015, Epygen Labs FZ LLC (UAE) presented a unique enzymatic technology in order to develop recycled fiber for Kraft Mills in regions such as the Middle East and North Africa which are facing challenges in water quality due to extreme recirculation. Also, in January 2015, AB Enzymes GmbH (part of ABF Ingredients group of companies) entered into partnership with Behn Meyer Group (Germany) which would help the company expand its market presence in Southeast Asia.
BASF SE (Germany), E.I. du Pont de Nemours and Company (U.S.), and Koninklijke DSM N.V. (The Netherlands) are the industrial players which relied on acquisitions to increase their geographical reach and expand their product portfolios. In May 2013, BASF SE (Germany) acquired Henkel (Germany), a detergent enzyme manufacturer. The acquisition will help BASF to strengthen its position in the home care and industrial cleaning industries.
Technical Enzymes Market by Type (Cellulases, Amylases, Proteases, Lipases, Other Enzymes), Application (Bioethanol, Paper & Pulp, Textile & Leather, Starch Processing, Other Applications), & by Region - Global Forecasts to 2021
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