Hydroxynitrile Lyase market: Overview and Dynamics
Hydroxynitrile lyase is enzymes used for the asymmetric synthesis of cyanohydrins. These hydroxynitrile lyase containing compounds are mainly used in the production of helpful agrochemicals, pharmaceuticals and biologically active compounds. Additionally, hydroxynitrile lyase mainly comes in two forms i.e. Liquid or lyophilized powder.
Hydroxynitrile lyase is mainly used for the decomposition of stored cyanogenic glycosides, enantioselective production of cyanohydrins and synthesis of cyanohydrins. These cyanohydrins synthesized are used in the production of various pharmaceutical drugs such as cardiac drug, a bronchodilator, anti-inflammatory & antibacterial drugs and agrochemicals such as anti-rice blast, insecticides, fungicides etc.
Moreover, hydroxynitrile lyase is mainly produced by extracting enzymes from various plant sources such as almonds, sorghum, rubber tree and Linum usitatissimum. Furthermore, the pharmaceutical industry is going to be a key driver for the growth of the hydroxynitrile lyase market. However, demand for more organically produced agricultural products and regulations over the use of agrochemicals may hinder the growth of the hydroxynitrile lyase market.
Attributed to the growth of the pharmaceutical industry, the hydroxynitrile lyase market is expected to foray ahead with a higher single-digit CAGR over the assessment period.
Other names with which hydroxynitrile lyase are known are (S)-cyanohydrin producing hydroxynitrile lyase; (S)_oxynitrilase, (S)_HbHNL, (S)_MeHNL; hydroxynitrile lyase, oxynitrilase, HbHNL, MeHNL, (S)_selective hydroxynitrile lyase and (S)_cyanohydrin carbonyl-lyase.
Hydroxynitrile Lyase market: Drivers, Restraints, Opportunities and Trend analysis
The pharmaceutical and Agrochemical industry will act as key drivers for the growth of the hydroxynitrile lyase market attributed to the rise in chronic diseases, COVID-19 cases and innovation in the field of drug development. Additionally, the agrochemical industry will propel the growth of the hydroxynitrile lyase market in south Asia due to the rising demand for agriculture products to meet the needs of the rising population.
Availability of alternate chemicals, complications of the product and stringent regulation in the drug development are factors that might hinder the growth of the hydroxynitrile lyase market. Moreover, rising awareness regarding the impact of insecticides and pesticides on human health in addition to the rise in demand for biopesticides and green practices in agriculture may hinder the growth of the hydroxynitrile lyase market.
The new trends and opportunities for the hydroxynitrile lyase market have also been studied in-depth and included in this report.
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COVID-19 Impact Insights
COVID-19 has strong impact not only over production of various chemicals but also on the demand side. Stringent lockdowns across the regions in Q2 and Q3 of FY2020 has major impact in driving down the market across the regions. Lowering of demand has not only affected a single industry but has cascaded the effect to multiple industries. Reopening of industries in Q3 has largely helped the growth of global economy and also provided a boost across the industries.
End of 1st wave has paved way for the 2nd wave of COVID-19 and the market is anticipated to hardly to take a dip in the FY2021. This is due to the non-imposition and less stringent policies leading to loss of lives but on the greener side market of hydroxynitrile lyase has observed a major boost over the 1st quarter of FY2020.
All-in-All COVID-19 has not only delivered dip to the market but has also provided an improved financial disaster management to firms.
Synthesis to dominate the demand for Hydroxynitrile Lyase market
Out of the above application type, synthesis for the production of cyanohydrins is going to dominate the hydroxynitrile lyase market as synthesized cyanohydrins are used as an intermediate for the production of hydroxynitrile lyase which is further used in the pharmaceutical and agrochemical industries.
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Source Type Market Analysis Snapshot
Out of the above source types, the almond market is going to serve as a major source for the hydroxynitrile lyase market as bulk production of almonds in the North American region, driven by innovation and technological growth in the extraction and synthesis process. Sources other than almonds will see nominal growth due to the limited availability of cassava and rubber concentrated in few regions.
Why pharmaceutical industry is poised to have a promising outlook over long-run forecast period?
Out of the above end-use, the pharmaceutical sector shows promising growth for the hydroxynitrile lyase market due to well established pharmaceutical industries and the COVID-19 pandemic which has increased the demand for different types of drugs. Meanwhile, the agrochemical industry is going to see a nominal growth rate attributed to the rise in demand for organically produced agricultural products and more environmentally friendly policies.
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Hydroxynitrile lyase Market: Regional Outlook
Based on the regional split, the hydroxynitrile lyase market takes six prominent regions into account i.e. North America, Europe, Latin America, East Asia, South Asia and Oceania, Middle East & Africa. North America will continue to hold a major chunk in the market share of hydroxynitrile lyase due to well established pharmaceutical industry. Additionally, growing chronic disease and COVID-19 cases in the Asia Pacific region are coming out as a major factor for the growth of the hydroxynitrile lyase market.
Meanwhile, the Asia Pacific region will hold a major market share in the consumption of hydroxynitrile lyase due to the well-established agrochemical industry. However, reducing croplands in China and environmentally friendly agriculture policies for the clean production of crops may hinder the growth of the hydroxynitrile lyase market.
Additionally, an exhaustive PEST (Political, Economic, Social and Technological) analysis for all six regions namely; North America, Europe, Latin America, East Asia, South Asia and Oceania, Middle East & Africa have been identified and included in the regional outlook for the hydroxynitrile lyase market.
Hydroxynitrile lyase market: Key Players
Key players or consumers in the hydroxynitrile lyase market are mainly pharmaceutical & agrochemical companies. Some big pharmaceutical companies that use hydroxynitrile lyase as their raw material for drug development are
- Bristol-Myers Squibb
- Johnson & Johnson
- Roche and Merck & Co. Pharmaceutical
market being highly consolidated holds more than 65% of the market share for hydroxynitrile lyase market. A major focus of the pharmaceutical companies has been organic growth with innovation in the drug development area.
On the other hand, the agrochemical sector is fragmented with major players like
- Bayer Crop Science
Additionally, regional clusters of Asia Pacific mainly India, China and Bangladesh supporting local manufacturers are bestowing challenges to global players and disturbing the overall hydroxynitrile lyase market revenue. Agrochemical companies are opting for In-organic growth strategies with acquisition, mergers and collaborations to increase their market share.
The research report hand out a detailed assessment of the hydroxynitrile lyase market and contain, facts, historical data, thoughtful insights and statistically backed and industry-certified market data. It also contains forecast using a suitable set of conjecture and methodologies. The hydroxynitrile lyase market report provides insights, analysis and data, according to market segments such as geographies, application and end-use. Additionally, the report also includes profiles of some key companies along with market strategies and SWOT analysis in the hydroxynitrile lyase market.
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The hydroxynitrile lyase market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The hydroxynitrile lyase market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, BENELUX, Italy, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, Australia and New Zealand, Rest of South Asia & Oceania)
- The Middle East and Africa (GCC Countries, South Africa, Northern Africa, Turkey, Rest of MEA)
The hydroxynitrile lyase market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. Hydroxynitrile lyase market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. Additionally, the hydroxynitrile lyase market report also maps the qualitative impact of various market factors on market segments and geographies.
The Market Report Highlights:
- A detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
Segmentation Analysis of Hydroxynitrile Lyase market
The global hydroxynitrile lyase market is bifurcated into four major segments: application type, group type, product type, source type, end-use and region.
Based on application type, the hydroxynitrile lyase market has been segmented as follows:
- Enantioselective production
Based on source type, the hydroxynitrile lyase market has been segmented as follows:
- (R)-PaHNL (from almonds)
- (S)-SbHNL (from Sorghum)
- (S)-MeHNL (Cassava)
- (S)-HbHNL (rubber tree)
- (R)-LuHNL (Linum usitatissimum)
Based on end-use, the hydroxynitrile lyase market has been segmented as follows:
Based on region, the hydroxynitrile lyase market has been segmented as follows:
- North America
- Latin America
- East Asia
- South Asia and Oceania
- Middle East & Africa
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