Urease Market Outlook
According to a new report by Expert Market Research titled, “Global Urease Market Price, Size, Growth, Report and Forecast 2024-2032″,the global urease market reached a value of USD 11.56 billion in 2023. Aided by the rising application in agriculture, medical, and environmental sectors, and the enzyme’s unparalleled utility, the market is projected to further grow at a CAGR of 6.90% between 2024 and 2032 to reach a value of USD 17.33 billion by 2032.
Urease, an enzyme that catalyses the hydrolysis of urea into carbon dioxide and ammonia, has increasingly found utility across multiple industries. Its ability to break down urea effectively, coupled with its sustainability and eco-friendly attributes, makes it a preferred choice in various applications. These range from agricultural use, where it facilitates the controlled release of nitrogen from urea-based fertilisers to medical diagnostics, where it helps in detecting the presence of certain bacteria in the stomach.
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One of the primary driving factors behind the escalating urease market demand is its expansive use in the agriculture sector. With the global emphasis on sustainable farming practices, urease plays a pivotal role in reducing nitrogen loss from fertilisers, thus ensuring better crop yield and soil health. As food demand surges in tandem with the global population, ensuring enhanced agricultural productivity becomes paramount, further solidifying urease’s position in the market.
As per the urease market analysis, urease has manifested its indispensability in the diagnosis of Helicobacter pylori infections, a leading cause of gastritis, peptic ulcers, and gastric malignancies, in the medical sector. The urease breath test, relying on the enzyme’s specific breakdown of urea, offers a non-invasive and accurate method of detecting such infections, further driving the demand for this enzyme.
Environmental applications of urease are also propelling the urease market growth. The enzyme’s ability to treat urea-containing wastewater presents an environmentally friendly and effective solution to mitigate the detrimental effects of such waste on aquatic life and water quality. As industries and municipalities globally grapple with the challenges of wastewater management, the utility of urease in this domain is likely to experience significant growth.
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The increasing research and development initiatives in enzyme technology have also opened avenues for the urease market. Enhanced enzyme stability, reduced production costs, and increased efficiency are a few areas where breakthroughs could revolutionise the market landscape.
Urease Market Segmentation
The market can be divided based on source, application, and region.
Market Breakup by Source
- Plant
- Jack Beans
- Soy Beans
- Others
- Bacterial
- Fungi
- Others
Market Breakup by Application
- Biosensors
- Clinical Chemistry
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global urease market. Some of the major players explored in the report by Expert Market Research are as follows:
- BBI Solutions
- Sekisui Diagnostics Limited
- Sisco Research Laboratories Pvt. Ltd.
- Calzyme Laboratories, Inc.
- Others
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