IHS Chemical Week

EnviroTech :: Biotech

Industrial Enzymes Sales to Hit $6 Billion in 2016

3:45 AM MDT | April 10, 2012 | Sotirios Frantzanas

The global market for industrial enzymes is forecast to increase at a compound annual growth rate (CAGR) of 9.1%, to approximately $6.1 billion in 2016, up from $3.9 billion in 2011.  The forecast is by BCC Research (Wellesley, MA), a market research group, in a report titled Global Markets for Enzymes in Industrial Applications. The report breaks the industrial enzymes market into three segments: technical enzymes; food and beverage enzymes; and others. Sales of technical enzymes in 2011 amounted to $1.2 billion, and are expected to increase by a CAGR...

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