Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Biocatalysis and Biocatalysts Market size was valued at USD 669.04 million in 2024 and is expected to reach USD 1.24 billion by 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of biocatalysis & biocatalysts is evaluated at USD 722.52 million.
The favorable market environment for biocatalyst, and biocatalysis is being created by an increased emphasis on sustainability and environmental benefits. Moreover, biocatalyst is also biodegradable and renewable, by replacing the traditional chemical catalysts, which are frequently contaminated with dangerous substances and lead to toxic waste, and it is also possible to operate biocatalysts in mild conditions.
A fast uptake of biofuels technology has been achieved through these challenges and efforts on the part of policymakers and other stakeholders with higher fuel economy and fewer blending challenges, biofuels are being created using biotechnology which is boosting factor to grow the market of biocatalysis & biocatalyst. Biofuel energy, which accounts for 55 % of the world's electricity supply and more than 6% today, is currently the largest source of renewable energy.
