Global Synthetic Biology Market to Have an Impressive CAGR of 44.2% Till 2020 – Big Market Research

Portland, Oregon (PRWEB UK) 2 June 2014

Big Market research publishes latest report "Global Synthetic Biology Market (Products, Technologies, Applications and Geography) - Global Opportunity Analysis and Forecast - 2013 2020."

The report forecasts that the global synthetic biology market would attain a value of $38.7 billion by 2020, registering a CAGR of 44.2% during 2014 - 2020.

To get complete report visit at http://www.bigmarketresearch.com/synthetic-biology-market

Synthetic biology is being commercialized; however, there are many technologies waiting for approval from respective governing bodies for commercialization. Yet, this market is expected to witness adoption in varied domains such as chemicals, pharmaceuticals, energy and agriculture.

Important driving factors for the markets are assistance from private and government organizations, greater R&D and falling price of DNA synthesizing and sequencing. However, ethical issues, bio-security & bio-safety would work as impeding force for the growth of market.

The report divides synthetic biology market on the basis of product, technology, application, and geography. Further, Synthetic biology product market is sub-divided into enabling products, enabled products and core products. As a result of greater research activities, enabling product would grow the fastest.

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Global Synthetic Biology Market to Have an Impressive CAGR of 44.2% Till 2020 - Big Market Research