The global textile enzyme market was valued at $672.3 million in 2020, and is projected to reach $1,227.2 million by 2030, growing at a CAGR of 6.3% from 2021 to 2030.
Cellulases, catalase, and laccase, are common enzymes used in the textile industry. These enzymes are used in the removal of starch, the breakdown of excess hydrogen peroxide, the bleaching of textiles, and the decomposition of lignin. The usage of enzymes in the textile industry is rapidly increasing as they are highly specific, efficient, non-toxic, and eco-friendly in nature. The most recent developments include the use of cellulases for denim finishing and lactases for textile effluent decolorization and bleaching. Furthermore, the usage of enzymes reduces process times, saves energy and water, and improves product quality, along with potential process integration.
The demand for the textile enzymes is predicted to increase in the near future, owing to the growth in the textile industry. The fundamental motivation for using enzymes in textile applications is to decrease environmental concerns associated with the disposal of contaminated wastewater or the release of dangerous substances into the air and water. Enzymatic treatments reduce Biochemical oxygen demand (BOD) / Chemical oxygen demand (COD) levels in wastewater and remove or decolorize colors. Furthermore, microbial enzymes may degrade azo dyes, which will be extremely advantageous to the textile sector. The usage of enzymes in the textile industry is a sign of promoting eco-friendly technology. It improves the quality of the final product, which will positively impact the market growth for textile enzyme.
However, the high cost of enzyme synthesis is key factor expected to restraint the growth of the global textile enzymes market. Furthermore, the development of stringent regulations associated with enzyme production is projected to affect the growth of the global market in the future.
The global textile enzyme market is segmented into type, application and region. On the basis of type textile enzyme market is segmented into cellulase, amylase, catalase, pectinase, laccase, and others. The application areas of this industry are bio-polishing, desizing, enzymatic bleaching, bio scouring, and others. Region wise, the global textile enzyme market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global textile enzyme industry include AB Enzymes, BASF SE, E.I. du Pont de Nemours, Genotek Biochem, Koninklijke DSM N.V., Lumis, Maps Enzymes Ltd., Novozymes A/S, Refnol Resins & Chemicals Ltd., and Tex Biosciences Pvt.Ltd.
Cellulases, catalase, and laccase, are common enzymes used in the textile industry. These enzymes are used in the removal of starch, the breakdown of excess hydrogen peroxide, the bleaching of textiles, and the decomposition of lignin. The usage of enzymes in the textile industry is rapidly increasing as they are highly specific, efficient, non-toxic, and eco-friendly in nature. The most recent developments include the use of cellulases for denim finishing and lactases for textile effluent decolorization and bleaching. Furthermore, the usage of enzymes reduces process times, saves energy and water, and improves product quality, along with potential process integration.
The demand for the textile enzymes is predicted to increase in the near future, owing to the growth in the textile industry. The fundamental motivation for using enzymes in textile applications is to decrease environmental concerns associated with the disposal of contaminated wastewater or the release of dangerous substances into the air and water. Enzymatic treatments reduce Biochemical oxygen demand (BOD) / Chemical oxygen demand (COD) levels in wastewater and remove or decolorize colors. Furthermore, microbial enzymes may degrade azo dyes, which will be extremely advantageous to the textile sector. The usage of enzymes in the textile industry is a sign of promoting eco-friendly technology. It improves the quality of the final product, which will positively impact the market growth for textile enzyme.
However, the high cost of enzyme synthesis is key factor expected to restraint the growth of the global textile enzymes market. Furthermore, the development of stringent regulations associated with enzyme production is projected to affect the growth of the global market in the future.
The global textile enzyme market is segmented into type, application and region. On the basis of type textile enzyme market is segmented into cellulase, amylase, catalase, pectinase, laccase, and others. The application areas of this industry are bio-polishing, desizing, enzymatic bleaching, bio scouring, and others. Region wise, the global textile enzyme market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global textile enzyme industry include AB Enzymes, BASF SE, E.I. du Pont de Nemours, Genotek Biochem, Koninklijke DSM N.V., Lumis, Maps Enzymes Ltd., Novozymes A/S, Refnol Resins & Chemicals Ltd., and Tex Biosciences Pvt.Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides in-depth analysis of the global textile enzyme market along with the current trends and future estimations.
- This report highlights the key drivers, opportunities, and restraints of the market along with the impact analysis during the forecast period.
- Porter’s five forces analysis helps to analyze the potential of the buyers & suppliers and the competitive scenario of the global textile enzyme industry for strategy building.
- A comprehensive market analysis covers factors that drive and restrain the global textile enzyme market growth.
- The qualitative data about market dynamics, trends, and developments is provided in the report.
IMPACT OF COVID-19 ON THE GLOBAL TEXTILE ENZYME MARKET
- The COVID-19 pandemic has challenged the textile industry drastically in 2020. Asia, which is one of the largest markets for the textile industry in the world, has suffered from the prolonged lockdowns and restrictions in the majority of Asian countries along with the sudden drop in international demand for their products. The loss was particularly high in countries where the textile industry accounted for a larger share of the exports.
- Due to COVID-19 pandemic, transport limitations were implemented, resulting in reduced industrial production and disrupted supply chains, which affected global economic growth by a substantial proportion, severely impacting market growth.
- The companies are not earning any profit as a result of the work stoppage and not only the companies are losing money but they are also losing suppliers who are providing the required materials to various companies to be used in textile sector, all those suppliers are also facing huge losses.
- Firms are not earning any profit as a result of the work stoppage, and not only are the companies losing money, but so are all of the suppliers that provide the needed supplies to various companies for use in the construction sector.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce; thus, negatively impacting the production and construction processes.
KEY MARKET SEGMENTS
By Type
- Cellulase
- Amylase
- Catalase
- Pectinase
- Laccase
- Others
By Application
- Bio-polishing
- Desizing
- Enzymatic Bleaching
- Bio scouring
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Spain
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
KEY MARKET PLAYERS
- AB Enzymes
- BASF SE
- E.I. du Pont de Nemours
- Genotek Biochem
- Koninklijke DSM N.V.
- Lumis
- Maps Enzymes Ltd.
- Novozymes A/S
- Refnol Resins & Chemicals Ltd.
- Tex Biosciences Pvt.Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: TEXTILE ENZYME MARKET, BY TYPE
CHAPTER 5: TEXTILE ENZYME MARKET, BY APPLICATION
CHAPTER 6: TEXTILE ENZYME MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- AB Enzymes
- BASF S
- E.I. du Pont de Nemours
- Genotek Biochem.
- Koninklijke DSM N.V.
- Lumis Maps Enzymes Ltd.
- Novozymes A/S
- Refnol Resins & Chemicals Ltd.
- Tex Biosciences Pvt. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 275 |
| Published | November 2021 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 672.3 million |
| Forecasted Market Value ( USD | $ 1227.2 million |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
