UAE Biocatalyst Market Outlook

the uae biocatalyst market is projected to expand at a healthy rate from 2018 to 2032. the increasing demand for biocatalysis - which is the use of biocatalysts to speed up the rate of chemical reactions - is expected to drive the market growth. the growing demand for biocatalysis is mainly due to its cost-effectiveness, operational flexibility, and ability to create low-energy products. in addition, increasing awareness of health and environmental benefits associated with biocatalysis products has spurred market growth. the uae government has acknowledged the potential of biocatalysis and has taken initiatives to promote investments in research and development activities of biocatalytic processes. furthermore, government policies such as the dubai biotechnology and research institute’s objectives to lead the biotechnology sector and support the growth of the biocatalysis industry in the country, will likely spur the development of biocatalysis-based products and processes. the advantage of shorter reaction times, increased energy efficiency, and higher yield have made biocatalysts more attractive to the pharmaceutical industry, which has boosted the prospects for uae biocatalyst market. demand for biocatalysts is also increasing due to their role in the development of cleaner and more environmentally friendly products. growth in the petrochemical sector, emergence of eco-friendly products, and surging demand for biopharmaceuticals are some of the factors that are expected to drive the market further. in terms of applications, the uae biocatalyst market is classified into the production of pharmaceuticals, food and feed, biodegradable plastics, fuels, and other applications. the pharmaceutical sector forms the largest end-user of biocatalysts in the uae, followed by the food and feed industries. the increasing demand for these sectors is expected to drive the market growth for biocatalysts. businesses operating in the uae biocatalyst market are focusing on investing in research and development activities to further improve the efficiency and effectiveness of their technologies. furthermore, market players are focusing on expanding their technological capability and production capacity in order to capture a larger share in the market. key players operating in the uae biocatalyst market include evonik industries, dupont, basf, and evolve biologics ltd.