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Published Date : 13 / 09/ 17

In 2017, the market size of white biotechnology was USD 238.9 billion. Until 2025, it will grow at a CAGR of 8.9%. This surging growth could be attributed to its increasing usage in the biofuel manufacturing like biodiesel and bioethanol. Around 4% of chemical products like amino acids, organic acids, numerous vitamins, and ethanol utilize white biotechnology in its manufacturing.

White biotechnology will find extensive application in Pharmaceutical ingredients. For instance, this technology is increasingly used in the manufacturing of biopharmaceuticals such as antibodies for treating cancer. Since these antibodies cannot be produced through chemical synthesis, it will expedite the demand during the forecast period.  In addition, the process involves the use of certain enzymes that helps in producing chiral compounds and intermediates as they are very cumbersome to synthesize, for example, Active Pharmaceutical Ingredients (API).

Bioenergy is a humungous application segment of white biotechnology. 

The global market is segmented into four categories i.e. biofuels, biochemical, and biopolymers. Biofuels have the lion’s share amounting to more than 35% of the total revenue generated. Biodiesel and bioethanol are the two-biofuel types widely used.

The ever-increasing use biodiesel in the automobile industry of Europe and the US will expedite the demand for white biotechnology.  Using white biotechnology Bioethanol is manufactured for improving vehicular efficiency, and for improving a vehicle’s octane rating it is used in the form of gasoline additive.

The growing demand for clean energy sources in North America and Europe accompanied by the endeavor to reduce dependability in oil-producing countries for bringing down fuel import’s cost will positively impact white biotechnology. North America is the largest regional market of this technology amounting to more than 35% of the total market revenue. Intensive government funding in research and development along with rising demand for eco-friendly or green products is strengthening North America’s position in the global market

Some of the major companies in the global market are:

  • Evolva
  • Fermentalg
  • Solazyme
  • Gevo
  • Global
  • Bioenergies
  • BioAmber
  • Borregaard
  • Codexis
  • Deinove
  • Metabolic Explorer
  • Novozymes

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