A sturdy growth rate is set to be recorded by the global proteinase K market over the next few years, notes TMRR. One of the most notable factors that are contributing to growth in the market is an increase in number of cases of contamination reported. Additionally use in digesting keratin and its growing awareness is also contributing to growth. Expanding cosmetics and personal care industry is also creating notable demand in the global proteinase K market. Additionally, noting that it can withstand a wide range of temperature, it is seeing demand arising from the agriculture sector as well. TMRR notes that over the forecast period, new opportunities will emerge as a result of interplay between these and numerous other factors, positively influencing growth in the market.
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The vendor landscape of the global proteinase K market is fragmented and competitive. These players are opting for a range of growth measures to chart higher growth over the forecast period. These include both organic and inorganic type. Keen focus is on product development and forging strategic and synergistic alliance. To names in the market landscape include Roche, Merck, Qiagen, Thermo Fisher Scientific, Worthington Biochemical, BIORON, Sisco Research Laboratories, Bioline (Meridian Biosciences), and Promega, among others.
As far as the regional outlook is concerned, experts claim that the North America will top the charts in terms of revenue, while Europe will follow the size of market share. Extensive and intense research and development ongoing in the regional markets and a growing pharmaceutical industry are anticipated to be attributed to the growth of the market. In the Asia Pacific (APAC) region, high CAGR and new opportunities will be noted. Due to expansion in the manufacturing sector , increasing focus on fighting the growing challenge of food contamination, and increasing research and development activities in the region.
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