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The GCC biocatalyst market is expected to exhibit a CAGR of X% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Biocatalysts refer to enzymes or microbes that accelerate or initiate chemical reactions in a living body. They are generally present in living organisms, including plants, animals and microorganisms, that helps in modifying the rate of chemical reactions and conversion of organic compounds. Apart from this, they are utilized for industrial purposes due to their ability to withstand mild conditions. Additionally, they are also used in the pharmaceutical industry to manufacture statins, antibodies, amino acids and vitamins.
The market in the GCC region is primarily driven by significant growth in the field of biotechnology. Along with this, multiple key players in the region are actively engaging in joint ventures to strengthen their market presence. Moreover, continual technological advancements across the GCC region, such as the deployment of machine learning (ML) and biosensors with biocatalysis processes, are also positively influencing the market growth. Some of the other factors contributing to the market growth include the increasing investments by the governments of numerous countries across the GCC region to conduct extensive research and development (R&D) activities and the rapid substitution of chemical catalysts with biocatalysts across industries.
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC biocatalyst market, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on type, application and source.
Breakup by Type:
Breakup by Application:
Breakup by Source:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Application, Source, Country|
|Countries Covered||Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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