$1.3 Billion Worldwide Synthetic DNA Industry to 2027 – Impact of COVID-19 on the Market – ResearchAndMarkets.com – Business Wire

DUBLIN--(BUSINESS WIRE)--The "Synthetic DNA - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis, the global market for Synthetic DNA estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$4.2 Billion by 2027, growing at a CAGR of 18% over the analysis period 2020-2027.

Pharmaceuticals & Diagnostics, one of the segments analyzed in the report, is projected to record a 19.5% CAGR and reach US$1.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Chemicals segment is readjusted to a revised 16.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $350.2 Million, While China is Forecast to Grow at 23.4% CAGR

The Synthetic DNA market in the U.S. is estimated at US$350.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$999.3 Million by the year 2027 trailing a CAGR of 23.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 16% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.2% CAGR.

Biofuels Segment to Record 20% CAGR

In the global Biofuels segment, USA, Canada, Japan, China and Europe will drive the 18.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$178 Million in the year 2020 will reach a projected size of US$596.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$653.7 Million by the year 2027, while Latin America will expand at a 21.9% CAGR through the analysis period.

Select Competitors (Total 34 Featured):

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/pzvevf

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$1.3 Billion Worldwide Synthetic DNA Industry to 2027 - Impact of COVID-19 on the Market - ResearchAndMarkets.com - Business Wire