Indonesia Textile Enzymes Market (2024-2030) Outlook | Revenue, Industry, Size, Share, Companies, Growth, Analysis, Value, Forecast & Trends

Market Forecast By Type (Cellulase, Amylase, Catalase, Pectinase, Laccase, Others), By Application (Bio-polishing, Desizing, Enzymatic Bleaching, Bioscouring, Others) And Competitive Landscape

Product Code: ETC094067	Publication Date: Jul 2023	Updated Date: May 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

Indonesia Textile Enzymes Market Competition 2023

Indonesia Textile Enzymes market currently, in 2023, has witnessed an HHI of 2438, Which has increased moderately as compared to the HHI of 1665 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Indonesia Export Potential Assessment For Textile Enzymes Market (Values in USD Thousand)

Indonesia Textile Enzymes Market Synopsis

The Indonesia Textile Enzymes market is anticipated to witness impressive growth over the forecast period due to increasing demand from the apparel industry. The growing preference for sustainable and eco-friendly processes in garment production, which are enabled by enzymes, is driving the adoption of textile enzymes in Indonesia. Moreover, innovations such as adding unique features such as anti-odor capacity or water repellence of fabrics will further boost market growth. Additionally, rising awareness about environment-friendly products among consumers will bolster product sales over the forecast period.

Market Trends

Recent trends observed in the Indonesia Textile Enzymes market include an increase in mergers and acquisitions (M&A) activities amongst enzyme manufacturers with other firms operating in related fields such as chemical synthesis and manufacturing technology companies. This helps enhance operational efficiency by allowing access to relevant technologies available with these companies while also expanding their customer base. Furthermore, manufacturers are focusing on producing high quality specialty enzymes for improved performance at competitive rates so as to overcome existing competition from traditional chemicals used for similar applications.

Market Drivers

The key drivers of this market include a high rate of urbanization coupled with increased disposable incomes which have resulted in greater purchasing power amongst consumers leading them towards buying higher quality garments made using environmentally friendly methods enabled by enzymes; this has thus boosted demand within the Indonesia Textile Enzymes Market significantly.. Furthermore, advanced R&D initiatives aimed at developing more efficient and safer bioenzymatic solutions that can replace traditional harsh chemicals has accelerated product adoption across industrial cleaning applications. Cost effectiveness associated with these solutions when compared against conventional chemical options has led to its wider acceptance thereby fuelling overall market growth further.

COVID-19 Impact on the Market

The outbreak of Coronavirus (COVID-19) has adversely affected the global textile industry, including Indonesia. The demand for apparel and fashion items have significantly decreased as a result of restrictions on movement imposed by governments across the globe. This has greatly impacted the production and sales activities in this sector resulting in reduced revenues for producers and suppliers.

Challenges of the Market

Indonesia textiles enzymes market is facing various challenges due to current circumstances such as rising raw material costs, instability in foreign exchange rates, increased competition from other nations, lack of infrastructure facilities etc. Moreover, fluctuating energy prices are also posing threat to profit margins of manufacturers operating in this sector. Additionally, stringent environmental regulations related to manufacturing processes is creating difficulties for local firms trying to enter the market.

Industry Key Players

Some major players operating in Indonesia Textile Enzymes Market include DyStar Singapore Pte Ltd., Solvay S.A., Archroma Management LLC., Huntsman International LLC., Sanitized AG among others. These companies offer a wide range of enzymes used mainly for dyeing or finishing process such as cellulase enzyme which helps reduce fabric shrinkage during after wash processing; oxidoreductase enzyme which helps remove excess dye from fabrics; proteases which enhance whiteness & brightness; amylolytic enzymes which help break down starch during scouring process; lipolytic enzymes which aid with grease removal etc.

Key Highlights of the Report:

Indonesia Textile Enzymes Market Outlook
Market Size of Indonesia Textile Enzymes Market, 2020
Forecast of Indonesia Textile Enzymes Market, 2027
Historical Data and Forecast of Indonesia Textile Enzymes Revenues & Volume for the Period 2023 - 2027
Indonesia Textile Enzymes Market Trend Evolution
Indonesia Textile Enzymes Market Drivers and Challenges
Indonesia Textile Enzymes Price Trends
Indonesia Textile Enzymes Porter's Five Forces
Indonesia Textile Enzymes Industry Life Cycle
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Type for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Cellulase for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Amylase for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Catalase for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Pectinase for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Laccase for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Others for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Application for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Bio-polishing for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Desizing for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Enzymatic Bleaching for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Bioscouring for the Period 2023 - 2027
Historical Data and Forecast of Indonesia Textile Enzymes Market Revenues & Volume By Others for the Period 2023 - 2027
Indonesia Textile Enzymes Import Export Trade Statistics
Market Opportunity Assessment By Type
Market Opportunity Assessment By Application
Indonesia Textile Enzymes Top Companies Market Share
Indonesia Textile Enzymes Competitive Benchmarking By Technical and Operational Parameters
Indonesia Textile Enzymes Company Profiles
Indonesia Textile Enzymes Key Strategic Recommendations