Laccase is an enzyme found in many organisms, which is involved in the breaking down of lignin and other components of plant cell walls. It plays an important role in degrading lignin, creating pathways for nutrients to move in and out of plant cells. Laccase can also be used in the production of food, feed, paper, and other products through enzymatic biopulping and biobleaching processes.
Laccase is a versatile enzyme with a wide range of industrial applications, such as paper production, leather tanning, and bioremediation. It has been used to degrade pollutants such as dyes, phenolic compounds, and polycyclic aromatic hydrocarbons. Recently, laccase has been used in the bioproduction of natural colors, antimicrobial agents, and antioxidants.
Laccase is a widely studied enzyme, and research into its potential applications is ongoing. It is now being used in an increasing number of industrial applications, with the potential for more applications to be developed in the future. Globally, laccase is produced from various fungal and bacterial sources, as well as from transgenic plants and engineered microorganisms.
The global Laccase market was valued at US$ 3 million in 2022 and is anticipated to reach US$ 4 million by 2029, witnessing a CAGR of 4.3% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Laccase Market available at: https://www.themarketreports.com/report/global-laccase-market-research-report
This report aims to provide a comprehensive presentation of the global market for Laccase, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Laccase.
Laccase is an enzyme generally used in textile industry, food industry, pharmaceutical industry and others. During all those applications, textile industry is the largest field. Currently, there are six major suppliers all over the world, including Novozymes, DuPont, Amano Enzyme, Yiduoli, Sunson and Denykem. Novozymes is global leader in this industry, with a production share of 66%. DuPont is the second largest producer. Market concentration in this industry is high and total market share of those six suppliers are 98%.
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