Lucintel Forecasts Protease Market To Grow At A Cagr Of 4%-5%

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According to the recent study the protease market is projected to grow at a CAGR of 4%-5% from 2020 to 2026. Growth in this market is primarily driven by growing demand for rise in industrial waste water, and growing water contamination will drive the market growth.
Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in protease market by sales channel (direct channel, and distribution channel), application (water treatment, agriculture, chemical, paint, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
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“Direct channel market is expected to remain the largest segment during the forecast period.”
Based on sales channel, the protease market is segmented into direct channel, and distribution channel. Lucintel forecasts that the direct channel market is expected to remain the largest segment during the forecast period because of its significant contribution owing to the ...
... presence of chain of distributors with effective sales management. Growing awareness regarding benefits of protease is a major contributor to the segment’s growth.
“Within the protease market, the water treatment segment is expected to remain the largest application”
Based on application, the water treatment segment is expected to witness the largest segment over the forecast period due to increase in the growing demand for applications of Proteases. The cosmetic demand for proteases is growing and accounts for a significant portion of the market share.
“Asia Pacific will dominate the protease market in near future”
Asia Pacific is expected to be the highest growth over the forecast period over the forecast period due to the presence of end-use industries in water treatment. The growing significance for hygiene setting due to infrastructural developments is one of the major contributors to the growth of regional market. Additionally, the regional market is also influenced by rise in population and agricultural production.
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Major players of protease market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Odyssey Manufacturing Co., AGC group, Sunbelt Chemical Corporations, Orica Watercare, Shanghai Polymet Commodities Ltd., Solvay Chem, Akzo Nobel, BASF Chemicals, Olin Chlor Alkali, and Arkema Group are among the major protease providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/protease-market.aspx or helpdesk@lucintel.com
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Lucintel
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