Textile Enzyme Market Statistics - 2030
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.
Enzymes are sizeable high-molecular-weight protein structures produced from living cells such as animals, bacteria, plants, and fungi that catalyze specific biochemical reactions with highly specific active sites within the molecule that perform the catalytic reaction. They are used to enhance the preparation of cotton to reducing impurities, weaving, minimize pulls in fabric, also used for pre-treatment before dying to reduce rinsing time and improve color quality. They start the chemical reaction to take place quickly and efficiently without changing themselves. Increase in textile production worldwide can also boost the textile enzyme market. Significant potential of the denim clothing sector and advancements in textile manufacturing provide new growth opportunities to players operating in the textile enzymes market.
Enzymes are widely used in the textile industry and have grown in popularity as a result of their eco-friendly and non-toxic qualities. During fabric processing, these enzymes are more efficient than other alternatives such as oxidising agents, acids, and bases. Furthermore, emerging countries are encouraging low-pollution fabric processing technologies, which will expand the market for textile enzymes in general.
Furthermore, growth in technological advancements in enzymes, such as cellulases for denim finishing and lactases to remove the colour of textile effluents and textile bleaching, are projected to increase the global market's growth during forecast period. Textile enzymes have various advantages, including reduced processing time, energy and water efficiency, enhanced product quality, and a high potential for process integration. On the other hand, the high cost of enzyme synthesis is a major factor that is projected to limit the global textile enzyme market growth.
The global textile enzyme market size is segmented on the basis of type, application, and region. On the basis of type, the global textile enzyme market is segmented into cellulase, amylase, catalase, pectinase, laccase and others. The applications of textile enzyme include bio-polishing, desizing, enzymatic bleaching, bioscouring and others. On the basis of region, the global textile enzyme market is studied across North America, Europe, Asia-Pacific, and LAMEA. Presently, Asia-Pacific accounts for the largest share of the textile enzyme market, followed by LAMEA and Europe.
Major players operating in the global textile enzyme market industry 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.
Textile Enzyme Market, By Type
The cellulase segment accounted for the largest share in 2020, while the others segment is projected to grow at the highest CAGR of 6.6%. Application of cellulase in textiles has helped in the growth of the textile industry. The use of cellulases in the textile industry confers a variety of advantages including enzymes are easy to use and treatments can be adapted to run on existing equipment and at different stages of textile wet processes.
By Type
Cellulase is projected as the most lucrative segment.
Textile Enzyme Market, By Application
The bio-polishing segment accounted for the largest textile enzyme market share in 2020. The bio-polishing segment is projected to hold the dominant share of the global textile enzyme market during the forecast period due to an increase in demand for enhanced processing and energy saving methods. Bio-polishing also enriches the final product regarding quality and appearance.
By Application
Bio-polishing is projected as the most lucrative segment.
Textile Enzyme Market, By Region
The Asia-Pacific region accounted for the largest share of the textile enzyme market in 2020. Increase in investment in the textile industry in China and India is estimated to boost the textile enzyme market. India & China are the leading manufacturers and consumers of textile enzymes in the Asia Pacific.
By Region
Asia-Pacific is projected as the most lucrative market.
Key Benefits For Stakeholders
- The global textile enzyme market analysis covers in-depth information of major industry participants.
- Porter’s five forces analysis help analyze potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries have been mapped according to their individual revenue contribution to the regional market.
- The report provides in-depth analysis of the global textile enzyme market forecast for the period 2021–2030.
- The report outlines the current global textile enzyme market trends and future scenario of the global textile enzyme market from 2020 to 2030 to understand the prevailing opportunities and potential investment pockets.
- Key drivers, restraints, & opportunities and their detailed impact analysis are explained in the global textile enzyme market study.
Impact Of Covid-19 On The Global Textile Enzyme Market
- The construction work has been temporarily halted keeping in mind the concerns regarding workers in the textile industry.
- 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 construction 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 company’s losing money, but so are all of the suppliers that provide the needed supplies to various companies for use in the textile sector.
- Furthermore, due to social distancing norms during COVID-19, the manufacturing companies are working with limited workforce; thus, negatively impacting the production processes.
Textile Enzyme Market Report Highlights
| Aspects | Details |
 By Type |
|
 By Application |
|
 By Region |
|
 Key Market Players | Genotek Biochem, BASF SE, Novozymes A/S, Tex Biosciences Pvt.Ltd., Lumis, AB Enzymes, DSM, Refnol Resins & Chemicals Ltd., E.I.du Pont de Nemours, Maps Enzymes Ltd. |
Analyst Review
The textile enzyme market is driven by an increase in usage of fabric desizing and bio-polishing due to the changing lifestyles. Moreover, the textile enzyme market may benefit from an increase in global textile manufacturing. The denim clothing sector's significant potential, as well as innovations in textile production, gives new growth prospects for participants in the textile enzymes market. However, due to regulations on the production process of enzymes may hamper the textile enzyme market.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
Increase in demand for apparel from the fashion industry coupled with the growth of e-commerce platforms is the key factors driving the global textile enzyme market
The market value of global textile enzyme market in 2021 is expected to be $ 672.3 million and projected to rise to $ 1227.2 million in 2030.
The leading players in the market 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.
The textile industry is projected to increase the demand for textile enzyme market
The global textile enzyme market is segmented on the basis of type, application and region.
Increase in textile production is some of the driver of textile enzyme market.
The bio-polishing application in the global textile enzyme market is projected to increase the demand of textile enzyme during the forecast period.
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.
Loading Table Of Content...
