Driven by the rapid development of the biofuel industry, the market space for biofuel enzymes continues to expand.

Biofuels generally refer to solid, liquid or gaseous fuels composed or transformed by living organisms. Biofuel enzymes are biological catalysts that can improve biofuel performance by changing the reaction rate. According to different raw materials, biofuel enzymes can be divided into two categories: cellulase biofuel enzymes and amylase biofuel enzymes.

Compared with traditional fuels, biofuels have the advantages of low carbon, environmental protection, high purity, low production cost, and recyclability. In the “Action Plan for Carbon Peaking Before 2030” issued by the State Council in 2021, it is clearly stated that advanced bio-liquid fuels should be vigorously promoted. With the support of national policies, my country’s biofuel industry has developed rapidly. Biofuel enzymes can improve the efficiency of biofuel production, and their market space continues to expand. According to the “2023-2028 China Biofuel Enzyme Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, In 2021, my country’s biofuel enzyme market will reach 720 million yuan, a year-on-year increase of 11.4%.

Biofuel enzymes can be used to produce biofuels such as starch-based ethanol, corn-based ethanol, lignocellulosic ethanol, and biodiesel. As a green energy, biodiesel can effectively control urban air pollution and reduce environmental pressure, and the market demand is increasingly strong. Currently, European and American countries dominate the biodiesel market, accounting for 50%. Driven by downstream demand, the prosperity of the global biofuel enzyme industry continues to increase. The global biofuel enzyme market size will reach 7.82 billion yuan in 2021, a year-on-year increase of 13.2%.

The major global biofuel enzyme manufacturers include BASF of Germany, Novozymes of Denmark, DuPont of the United States, DSM, etc. Denmark’s Novozymes is the world’s largest biofuel enzyme manufacturer, accounting for nearly 60% of the global market. In recent years, the prosperity of the biofuel enzyme industry has continued to increase, attracting many leading overseas chemical companies to set up scientific research tracks, and its application space is expected to be broader.

my country’s biofuel enzyme industry started late, and there is a certain gap in production technology compared with overseas developed countries. Foreign-funded enterprises and Sino-foreign joint ventures dominate my country’s biofuel enzyme market. Shanghai Kangdien Biotechnology Co., Ltd., Jiangsu Boli Biological Products Co., Ltd., Wuhan Jinke Tiancheng Technology Co., Ltd., and Qinhuangdao Leading Technology Development Co., Ltd. are biofuel enzyme manufacturers in my country.

Industry analysts said that in the future, with the continuous deepening of research in the biofuel enzyme industry and the rapid development of preparation technology, biofuel enzymes will play an important role in biological processes. The application prospects in the fuel field will be broader and the market size will be further expanded. At present, due to technical barriers, there is still a certain gap in the quality and output of my country’s biofuel enzymes compared with overseas developed countries. Local companies urgently need to improve their independent research and development capabilities to increase the market penetration of domestic biofuel enzymes.