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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