The global protease market is projected to grow at a CAGR of 4%-5% during 2020-2026. The growth of protease market is driven by growing demand for rise in industrial waste water, and growing water contamination will drive the market growth.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the 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)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the
business risks and threats to the protease market?
Q.4 What are some
changing demands of customers in the protease market?
Q.5 What are the new
developments in the protease market? Which companies are leading these
developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this protease area and how big of a
threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this protease market?
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Market Segmentation:
Based on sales channel,
the protease market is segmented into direct channel, and distribution channel.
The direct channel segment accounted for the largest share of the market in
2020 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.
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.
Key Players in the protease
market are 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.
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The
report helps stakeholders understand the pulse of the market and provides them
with information on key drivers, restraints, challenges, and opportunities for
market growth. It would also help to understand the competitors better and gain
more insights to improve their position in the business.
To read more about this market please click on
https://www.lucintel.com/protease-market.aspx
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon
Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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