The Laboratory Chemicals Market is expected to grow at > 4.7% during 2021-2026, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Laboratory Chemicals Market
Laboratory Chemicals Market is likely to growth with a healthy CAGR of 4.7% over the next five years. Rising trend for wastewater treatment and sewage water treatment plant in the developing economies coupled advancements in laboratory chemicals is likely boost its demand over the next five years.
Europe to maintain its supremacy in the market during the forecast period, with the Italy being the key growth engines of the region’s market. Asia-Pacific is expected to be the fastest growing market over the next five years, propelled by China and India. China is one of the largest markets for chemical industry in the world.
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Market Scope & Market Segmentation
Laboratory Chemicals Market Share: By Application Type
Based on the application type, the laboratory chemicals market is segmented as industrial, education, government, and healthcare. The industrial segment is likely to remain the largest application of the market during the forecast period, owing to wider usage of chemicals for industrial processes, such as for bromination, acid chloride preparations, carboxylation, ion-exchange reactions, cryogenic reactions, and nitration.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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