Market Research Report
The Future of Marine Biotechnology for Industrial Applications to 2025
|Published by||Smithers Rapra||Product code||342160|
Delivery time: 1-2 business days
|The Future of Marine Biotechnology for Industrial Applications to 2025|
|Published: October 23, 2015||Content info:||
The Future of Marine Biotechnology for Industrial Applications to 2025 states that key drivers for the market are new applications of marine derived enzymes in the cosmetics industry and use of marine algae and micro algae in biofuel production. The need for major infrastructure investments may be a restraining factor for the market. North America has the largest market for marine biotechnology, mainly focused on the production of algae-derived bioenergy. However, Asia-Pacific is the fastest growing market due to the aquaculture and hydrocolloid segments. Europe is also one of the leading regions for growth and is poised to emerge as a major regional market thanks to its underexplored marine resources.
The Future of Marine Biotechnology for Industrial Application to 2025 completed an extensive literature search, mainly using electronic databases, scientific publications, industry journals and trade publications. Also very useful were reports of the OECD, of the European Science Foundation, the European Commission and strategic plans of various governments whose countries have a large maritime economic zone. Further, annual reports, presentations of the major players at leading conferences on marine biotechnology and the bio-based economy, and public announcements or press releases of companies and funding agencies were used. Direct contacts were also established with marine biotechnology actors from all continents.