Lucintel Forecasts Perborate Market to Grow at a CAGR of 4%-5%

According to the recent study the perborate 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 is has a longer shelf life and low toxicity. Demand for sodium perborate is increasing from industries such as laundry detergents, laundry bleaches, and more.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in perborate market by product type (industrial grade, and non-industrial grade), application (oxidizer, bleach, fungicides, deodorant, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Industrial grade market is expected to remain the largest segment during the forecast period.”      

Based on product type, the perborate market is segmented into industrial grade, and non-industrial grade. Lucintel forecasts that the industrial grade market is expected to remain the largest segment during the forecast period because it is expected to contribute significantly owing to the presence of chain of distributors with effective sales management.

“Within the perborate market, the bleach segment is expected to remain the largest application.”  

Based on application, the bleach segment is expected to witness the largest segment over the forecast period due to increase in the growing demand for applications having antiseptic properties and is used as disinfectants in several applications.  

“Asia Pacific will dominate the perborate market in near future.”

Asia Pacific is expected to be the highest growth over the forecast period highest growth over the forecast period due to the presence of disposable income and the purchase parity of the people residing in the countries like China, India, and Brazil are growing which is further resulting in a magnification of the overall customer base in these emergent countries.

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Major players of perborate 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. Evonik, Solvay, Akzonobel, Shangyu Jiehua Chemical, Meryer Chemical Technology, and Yongtai Chemical are among the major perborate 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/perborate-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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