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Biofuels Market will grow at highest pace owing to sustainable alternatives to petroleum The biofuels market comprises liquid transportation fuels like bioethanol and biodiesel which are produced from various feedstock's including corn, sugarcane, vegetable oils, soybean and algae. These fuels are cleaner substitutes for petroleum-based fuels and helps reduce greenhouse gas emissions. The global Biofuels Market Size and Trends is witnessing rising investments in next-generation feedstock like agricultural waste, algae and cellulosic crops which offer higher yields as compared to traditional feedstock like corn and sugarcane. Get more insights: Biofuels Market (https://www.newswirestats.com/biofuels-market-demand-and-outlook-analysis/) #CoherentMarketInsights #BiofuelsMarket #Biodiesel #Bioethanol #Biogas #BiojetFuel #Biohydrogen #Transportation #PowerGeneration #HeatingAndCooling #IndustrialProcesses

According to MarketsandMarkets, the enzymes market is estimated to be valued at USD 10.0 billion in 2019 and is projected to reach USD 14.7 billion by 2025, recording a CAGR of 6.7% in terms of value. Due to the increasing environmental concerns among people, the importance of manufacturing biofuels is increasing. These factors are projected to drive the growth for the enzymes market during the forecast period. Enzymes play an important role as a catalyst in the processing for several industries, pharmaceutical, and biotechnology products. In addition, enzymes are increasingly used as a substitute for chemicals, which is significantly contributing to the growth of the enzymes market. These enzymes are specifically used in industries such as food & beverage and pharmaceutical. The feed industry is also witnessing significant growth in the usage of enzymes as ingredients in the production process. Developments such as protein engineering and genetic engineering provide scope for research & development in enzymes. The research and development activities help the industry to innovate products and meet the demand of industries by increasing production. In addition, biotechnology will help in increasing the efficiency of enzyme production and enhance its properties. Along with this, the increase in demand for biofuels is also contributing to the growth of the enzymes market. Enzymes, such as amylase, lipases, cellulases, and protease, are used for the production of biofuels. Sample Report Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=46202020 In terms of product type, the industrial enzymes segment has shown significant growth in the market due to its wide range of applications across various industries. With technological advancements, the application of enzymes has expanded in various industrial and specialty applications. The ability of industrial enzymes to catalyze chemical reactions and increase its applications has contributed to the growth of the enzymes market. In addition, enzymes have several other benefits, such as lower production costs, higher product quality, reduced power energy consumption, and less wastage. These factors also drive the growth of the enzymes market, while the use of specialty enzymes in pharmaceuticals is increasing for the production of drugs. Asia Pacific is projected to witness the fastest growth in the enzymes market during the forecast period due to the globalization of business and technological innovations. The reason that Asia Pacific is the fastest-growing market in the enzymes market is that it is the leading region in terms of production of sugar as the production of sugar enzymes are used to hydrolyze starch to convert it into sugar. In addition, enzymes are being used increasingly in the production of bioethanol with the growth of the biofuel industry. One of the major factors contributing to the growth of the enzymes market in the Asia Pacific region is the increase in population in this region, which is driving the growth of the pharmaceutical industry. These factors are the major factors driving the market growth for enzymes in the Asia Pacific region for industrial and specialty applications.

The global industrial alcohol market was valued at USD 93.4 billion in 2020 and is projected to reach USD 112 billion by 2025, recording a CAGR of 3.7% during the forecast period. Growing consumer demand for petrochemicals and commercialization of alternative fuels in emerging economies such as India, China, and Brazil have fueled the market growth of industrial alcohol. The industrial alcohol market is dominated by a few globally established players such as Sigma-Aldrich (US), Univar Solutions (US), Cargill (US), Raizen Energia (Brazil), and MGP Ingredients (US). Major players are focusing on investing in production capacity expansion, in order to meet the increased demand for industrial alcohol from chemical and fuel industries. As the largest and fastest growing regional market, the demand for industrial alcohol in Asia Pacific can be attributed to the growing market for pharmaceutical and personal care sectors. The demand for industrial alcohol is also propelled by increasing awareness regarding greener technology in countries such as India, China, and Thailand. The industry found support from the governments of individual countries for the development of biofuels in the energy sector and the growth in agricultural land availability for bioethanol production. North America region, as the second largest market, has been one of the largest exporters in the global ethyl alcohol market in the last two decades. Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202506822 Covering the largest market share, ethyl alcohol works as an excellent disinfectant, owing to which it is used in industrial disinfectants and cleansing agents. Dominating both in value and volume terms, ethyl alcohol finds applications across a wide variety of industries. Food-grade ethyl alcohol is used in food applications. There are also fuel-grade ethyl alcohols available at varying concentrations, which are used as a blend in gasoline. Along with ethyl alcohol, methyl alcohol is also used as an additive in fuels to increase efficiency. The most common application areas for industrial alcohol are fuel, pharmaceuticals, food ingredients (except beverages), personal care products, chemical intermediates & solvents, and other applications, which include home care products and reagents. Application in the fuel segment cornered the largest share of industrial alcohol followed by chemical intermediates & solvents. The energy sector is the main industry where a majority of alcohol is used in the form of biofuel. Ethyl alcohol and isobutyl alcohol are the two alcohol types used majorly in the fuel segment.