Perborates Market Growth, Forecast and Value Chain 2014 - 2020
Perborates are used in application products such as detergents, cleaning products, laundry detergents and laundry bleaches. Perborates are also used in tooth bleaching applications. The growing demand for perborates from the detergents and the bleaching industry is expected to drive the global perborates market in the years to come.
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Detergents and bleaching industries are the major markets for perborates. Perborates serve as a source of active oxygen in several types of detergents, bleaching agents, laundry detergents and laundry bleaches. Growing demand from detergents and textile bleaches is predicted to drive the demand for perborates in the near future. The growing demand for perborates from the rapidly growing textile manufacturing industry is expected to drive the global perborates market in the next few years. Subsequently, the rising demand for perborates from the laundry industry and household applications is projected to drive the global perborates market in the next six years.
Tooth bleaching is also an important application of perborates. Perborates are used bleaching agents for the internal bleaching of tooth. The perborates are placed inside the tooth and then they are left in place for a prolonged period of time to allow them to diffuse into the tooth and afterwards, the bleach stains from inside out. Perborates have antiseptic properties and are used as disinfectants in several applications. Moreover, perborates are used as disappearing preservative in certain brands of eye drops.
Asia Pacific is expected to be the fastest growing market for perborates in the next six years. The main reason for this is the mounting demand for perborates from emergent countries such as India, China, Indonesia and Thailand. The population in these countries is growing at a brisk rate which is eventually resulting in an increase in the total customer base. Also, owing to the continuous economic development of these countries, the disposable income and the purchase parity of the people residing in these countries is growing which is further resulting in a magnification of the overall customer base in these emergent countries. Moreover, the countries in the geographies such as Africa, South America and the Middle East are showing swift economic growth since the last few years.