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Textile Enzymes Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030

Textile Enzymes Market Size, Share & Trends Analysis - Global...

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Textile Enzymes Market Size, Share & Trends Analysis - Global opportunity analysis and industry forecast 2030
Textile Enzymes Market Size, Share...
Report Code
RO13/107/1423

Publish Date
27/Dec/2021

Pages
200
PRICE
$ 4950/-
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The global textile enzymes market size was US$ 1.57 billion in 2021. The global textile enzymes market is forecast to grow to US$ 2.9 billion by 2030, registering a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2022 to 2030.

Textile enzymes are used in the processing of textiles, primarily in the finishing of fabrics and apparel. Textile Enzymes have a wide range of applications, including jeans finishing and design.

Factors Influencing the Market

  • The eco-friendly properties of textile enzymes are primarily driving the growth of the global textile enzymes market. In addition, increasing concerns over air pollution, mainly due to chemical processing, is forecast to boost the demand for textile enzymes from textile manufacturing industries. 
  • Furthermore, the benefits of textile enzymes are driving the growth of the global textile enzyme market. Textile enzymes possess high processing time, energy and are water-efficient. In addition, they improve product quality and have a significantly high potential for process integration. All of these factors will ultimately contribute to the market growth during the study period. 
  • Rising disposable income is forecast to benefit the market. In addition, increasing technological advancements will further accelerate the growth of the textile enzymes industry during the study period. Furthermore, textile enzymes are convenient and are used for fabric desizing and bio-polishing. The changing lifestyle of the population is forecast to escalate the growth of the global textile enzymes market.
  • The high cost associated with enzyme synthesis may hamper the growth of the global textile enzymes market during the forecast period.

Regional Analysis

The global textiles market is forecast to witness healthy growth in North America. The growth of the market is attributed to the increasing awareness about textile enzymes among end-users in the region. In addition, the eco-friendly properties of the products will further help the market grow in the region. As a result of technological advancements, textile enzymes are now available for a wide range of applications in biofuel, paper & pulp, textile & leather, starch processing, and other industries, which is projected to fuel the regional market growth.

COVID-19 Impact Analysis

Transportation constraints around the world resulted in reducing industrial production and  disrupted supply chain. In addition, it also reduced the economic growth by a significant amount and negatively impacted the textile enzymes market growth. Thus, the profit percentage also declined drastically. 

Furthermore, due to social distancing standards, industrial enterprises had a limited workforce, production operations were highly hampered during the initial phase. However, the global textile enzymes market is forecast to recover as the global situation improves.

Competitors in the Market

  • DuPont
  • Associated British Foods
  • Novozymes
  • DSM
  • Dyadic International
  • Advanced Enzymes Technologies
  • Maps Enzymes
  • Epygen Labs
  • Megazyme
  • Other Prominent Players

Market Segmentation

The global textile enzymes market segmentation focuses on Industry, Form, Type, and Region. 

Based on Industry

  • Biofuel
  • Starch processing
  • Textiles & leather
  • Paper & pulp
  • Other industries (cosmetics, wastewater treatment, and oil field & fine chemicals)

Based on Form

  • Liquid
  • Dry

Based on the Type

  • Amylases
  • Cellulases
  • Proteases
  • Lipases
  • Other types

On the basis of Region

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Western Europe
  • The UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Western Europe
  • Eastern Europe
  • Poland
  • Russia
  • Rest of Eastern Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
  • Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
  • South America
  • Brazil
  • Argentina
  • Rest of South America

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