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Chemical Analyzer Market

Chemical Analyzer Market By Equipment Type (Portable Chemical Analyzers, Hand-held Chemical Analyzers, Benchtop Chemical Analyzers), End Use Industry (Chemical, Healthcare, Agricultural, Polymer) & Region - Forecast 2022-2032

Market Insights on Chemical Analyzer covering sales outlook, demand forecast & up-to-date key trends

Chemical Analyzer Market Overview

The global chemical analyzer market is estimated to exhibit growth at robust CAGR during the forecast period 2022-2032. Growing application of chemical analyzers across diverse sectors and the rapidly increasing trend of laboratory automation for precise and accurate assessment of the chemical is anticipated to augment the growth in the global market.

Chemical analyzers are laboratory equipments used to characterize, measure, and quantify chemical compounds in liquid, gas, and solid samples. They are also being used for detection, analyzing, and evaluation of chemical proportion in various materials such as soil, water, fertilizers, and others.

These equipments are increasingly gaining traction across numerous domains such as forensics, environment and material analysis, bio-analysis and nanotechnology, and others. Moreover, growing developments in the nanotechnology and chemical landscape over the years are also contributing to favoring the growth in the chemical analyzer market.

Demand for chemical analyzers is registering a rapid growth, owing to increasing application across various testing processes such as atomic emission, atomic absorption, spectroscopy, and others. In addition to this, increasing modification of existing technologies and rising emphasis on the development of novel material analyzing equipment is resulting in surging adoption of these technologies, thereby, further boosting the demand for chemical analyzers.

Industries such as agriculture, fertilizers, food & beverage, and plastics have displayed considerable growth in recent times in terms of development and innovation. Thus, growing adoption of these laboratory equipments such as chromatography systems, process analyzers, chemical cleaning systems, and calorimeters across aforementioned industries is bolstering the sales of chemical analyzers in the market.

Which are Some Prominent Drivers Spearheading Chemical Analyzer Market Growth?

Due to its excellent quantification, detection, and characterization of chemicals and compounds, chemical analyzers are finding a wide range of applications across the medical and healthcare sectors. Numerous clinics, hospitals, and medical research laboratories are increasingly making use of chemical analyzers for calculating the concentration of electrolytes, metabolites, amino acids, and chemicals in the blood, plasma, cerebrospinal fluids, serum, urine, and other body fluids.

Over the past few years, the burden of chronic disorders and lifestyle diseases such as cancer, diabetes, and other have registered robust growth worldwide, creating strong demand for body fluid analyzing equipments.

For instance, according to the survey conducted by the International Diabetes Federation (IDF), nearly 537 million adults between the age of 20 and 79 were reported to be suffering from diabetes across the world, accounting for around 6.7 million fatalities due to the disease in the year 2021. The study also states that the cases of diabetes are forecast to reach 643 million by the end of 2030.

As chemical analyzers are extensively used in healthcare spaces for the detection of glucose, sodium, and other compounds in blood, urine, and other body fluids during diagnostic procedures, growing prevalence of such diseases is estimated to fuel the demand in the market.

In addition to this, increasing applications of chemical analyzers across the forensic domain and rising uses across petroleum, petrochemical, and pesticides sectors are estimated to create high remunerative opportunities for growth in the global market.

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What are the Challenges Faced by the Chemical Analyzer Market?

Despite several advantages associated with the use of chemical analyzer, high initial cost, cost of maintenance, and need for qualified professional for handling these analyzing equipments are primary factors hindering the growth in the global market. 

Besides this, growing customer inclination towards use of environment-friendly materials such as bioplastics, recycled cardboards, and biofertilizers among others, owing to rising concerns regarding environmental sustainability is hampering the sales of chemical analyzers in the market.

Why is North America Emerging as an Opportunistic Chemical Analyzer Market?

FMI states that North America is projected to emerge as the most lucrative market for chemical analyzers during the forecast period 2022-2032.

Various defense organizations are increasingly adopting chemical analyzers across airports, seaports, and others for the detection of hazardous chemicals such as drugs, explosive compounds, and others. In addition to this, demand for hazardous chemical detection is exhibiting rapid growth since the last couple of years, due to growing terrorism attacks and bomb activities in countries such as the U.S. and Canada.

Citing this trend, leading players in the market are increasingly aiming at launching novel devices to capitalize on the existing opportunities. For instance, In February 2021, Thermo Fisher, an American supplier of scientific instrumentation announced introducing a new handheld XRF chemical analyzer, Niton XL5 Plus. It is the lightest and smallest portable XRF analyzer weighing only 2.8lbs. A slew of such developments is estimated to facilitate the sales of chemical analyzers in the North America market.

Nikhil Kaitwade
Principal Consultant
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How is Europe Contributing to the Growth of the Chemical Analyzer Market?

Future Market Insights reveals that Europe is expected to account for a significant share in the global chemical analyzer market from 2022 to 2032.

With increasing industrialization and rise in sales of automotive vehicles across Europe, a significant rise in greenhouse emissions and presence of nitrogen and sulfur oxides in the air is being registered across the countries such as the U.S., Germany, France, and others. This has fueled the demand for analyzing equipments for the detection of these gases in the air across government and environmental organizations.

Hence, key manufacturers are emphasizing on launching novel portable analyzing equipments such as the new MIR 9000P by ENVEA to cater to this surging demand. Such developments and new products launches are projected to augment the growth in the Europe market.

Market Competition

Some of the leading players in the chemical analyzer market are Thermo Fisher Scientific Inc., EKF Diagnostics, BIOBASE Group, Meril Life Sciences Pvt. Ltd., Teco Diagnostics, AMS Alliance, Abbott Laboratories, Siemens AG, HORIBA Ltd, Intertek Group plc, and others.

Attributed to growing presence of market players and increasing research and development activities for launching advanced products. The market for chemical analyzer is highly competitive

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Report Scope

Report Attribute

Details

Base Year for Estimation

2021

Historical Data

2015-2020

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis

Segments Covered

  • Equipment Type
  • End Use Industry
  • Region

Countries Covered

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Key Companies Profiled

  • Thermo Fisher Scientific Inc.
  • EKF Diagnostics
  • BIOBASE Group
  • Meril Life Sciences Pvt. Ltd.
  • Teco Diagnostics
  • AMS Alliance
  • Abbott Laboratories
  • Siemens AG
  • HORIBA Ltd
  • Intertek Group plc
  • ENVEA

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Key Segments Profiled in the Chemical Analyzer Market Survey

By Equipment Type:

  • Portable Chemical Analyzers
  • Hand-held Chemical Analyzers
  • Benchtop Chemical Analyzers

By End Use Industry:

  • Chemical
  • Healthcare
  • Agricultural
  • Polymer
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • CIS & Russia
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the sales of chemical analyzer in the market is expected to rise at robust value CAGR by 2032.

The global chemical analyzer market is expected to be dominated by North America the forecast period 2022-2032.

Thermo Fisher Scientific Inc., EKF Diagnostics, ENVEA, BIOBASE Group, Meril Life Sciences Pvt. Ltd., Teco Diagnostics, AMS Alliance, Abbott Laboratories, Siemens AG, HORIBA Ltd, Intertek Group plc others are some of the leading players in the prominent chemical analyzer market.

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Nikhil Kaitwade
Principal Consultant
LinkedIn
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Chemical Analyzer Market