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MARKETS AND
BUSINESS
The US industrial enzymes markets
(Ref: N2C1)
Attracted by the cost and process
benefits and superior product
performance of enzymes,
manufacturers of paper and pulp,
textile, leather, detergents,
wastewater treatment chemicals,
pharmaceuticals, and bioethanol
increasingly replace harsh chemicals
with industrial enzymes. These
enzyme producers will have to offer
superior and innovative products to
sustain this pace of demand. They will
need to draw upon technological
breakthroughs in various segments to
lure reluctant users toward enzyme
technologies and thereby tap the
huge latent potential of the market.
New analysis from Frost & Sullivan,
The US Industrial Enzymes Markets,
finds the market earned revenues of
$394.1 M in 2006 and estimates this
to reach $748.9 M in 2013.
Manufacturers are unable to make
equal investments in each segment.
For instance, while bioethanol and
pharmaceuticals obtain significant
funding, paper and pulp and
wastewater treatment segments have
to make do with much less. This
greatly hampers product development
activities in the overall market. The
O N
C ATA LY S T S
JANUARY 2009