American and European region is leading to high consumption of biocatalysts in the region . Due to rising spending capacity of consumers in the region , the biocatalysis and biocatalysts market is projected to witness a steady growth rate in Asia Pacific . The biocatalysis and biocatalysts market in RoW is expected to show high growth rate as the major application of biocatalysts is in the production of biofuel and in food & beverage industry which are fast growing end-user industries in this region .
North America and Europe together are expected to account for around 70 % of the biocatalysis and biocatalysts market , in terms of volume , by 2019
Europe is the largest market for biocatalysis currently and the same is expected to continue till 2019 . This is because of high environmental regulations in Europe which is resulting in high demand for biocatalysts in the production of biofuel . The North American market is expected to register second highest growth rate after Europe . The Asia-Pacific market is expected to show a steady growth rate but the market is currently lower than North America and Europe . The U . S ., Germany , and China are the hub of biocatalysts manufacturing in the world and are the major consumers of biocatalysts .
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