Colorimeter Market - Key Research Findings
- The global colorimeter market size is estimated to be valued at ~US$ 635 Mn in 2019.
- The colorimeter market is estimated to grow at a CAGR of ~8% during the forecast period of 2019-2029.
- Expanding water utilities and food & beverage industries are majorly boosting the growth of the colorimeter market.
- Collectively, North America and Europe are expected to account for about ~55% of the revenue share in the colorimeter industry by the end of 2029.
- Rapid growth in water utilities & pharmaceutical industries in North America is fuelling the colorimeter market growth.
- Moreover, rapidly growing industries in Europe such as food & beverages, water utilities, and pharmaceuticals are creating significant demand for colorimeters.
Key Factors Shaping the Colorimeter Market
Rapid Industrialisation in East Asia & South Asia
The colorimeter market in East Asia & South Asia is expected to grow at a significant CAGR over the forecast period. With growing stability of economic conditions in developing countries such as China and India, East Asia & South Asia markets are expected to witness high Y-o-Y growth through 2029.
Increasing industrialisation in the region is one of the prime factors that is expected to significantly fuel the growth of the colorimeters market. In addition, the governments in the region are increasingly undertaking initiatives for improving the quality of water, food and beverages, and others, which is potentially raising the demand for equipment such as colorimeters.
The growth of the economies in the region is primarily driven by rapid industrialisation and urbanisation, which has boosting the demand for consumer electronics devices, textiles, automotive parts and others. The result is likely to lead to spike in the adoption of colorimeters to check the colour properties of aforementioned products.
Demand Flourishes as Water Quality Deteriorates Globally
With increasing pollution level, the need for controlling the quality of water is growing by leaps and bounds. Colorimeters are used to analyse the chemical composition and properties of components present in the water. Along with pollution, global warming is another major factor that is affecting the quality of the environment.
Moreover, the need to control the quality of drinking water, agricultural land, and others is significantly fuelling the adoption of colorimeters. Some of the leading manufacturers of colorimeters are focusing on product upgradations to offer industry-compliant products to end users as well as to improve the operational workflow.
For example, Hanna Instruments, one of the leading manufacturers of colorimeters, offers specifically designed colorimeters for environmental analysis such as water analysis, environmental analysis, and for pool & spa water quality management. These are handheld and compact-sized colorimeters. Considering these advancements, the demand for colorimeters is expected to witness a significant increase during the forecast period.
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Availability of Technologically-advanced Portable Colorimeters
Manufacturers of colorimeters are constantly focusing on developments in colorimeters for improving their operational capabilities. The colorimeter market is witnessing steady growth with the availability of portable colorimeters with advanced features. Changing industrial requirements and increasing production activities are boosting the demand for portable colorimeters.
In addition, colorimeters offer advantages such as ease of usage, handheld options, display units, and others, which are fuelling the adoption of portable colorimeters. Moreover, the increasing popularity of portable colorimeters that are waterproof and are available in compact sizes is driving market growth. Some of the key players in the colorimeter market are focusing on the expansion of their product portfolio for sustaining in the market.
Colorimeter Market Structure Analysis
- The global colorimeter market is consolidated, where leading players are focused on manufacturing colorimeters with multi-functional features.
- The colorimeter market is relatively moderate in size in the current scenario, and is expected to grow significantly in the years ahead.
- Leading players operating in the colorimeter market are manufacturing products with advanced technologies for greater market penetration.
- For a stronger foothold in targeted regions, manufacturers of colorimeters are advancing their product portfolios by continuously spending on research and development facilities.
Measuring the Concentration of Compounds in Water with Auto-Detection and Barcoded Methods
Colorimetric techniques measure compounds, including chlorine, fluoride, cyanide, dissolved oxygen, iron, molybdenum, zinc and hydrazine, in water. The water sample is mixed with a reactant to detect the compounds individually. The subsequent reaction results in a color transmutation, the intensity of which depends on the amount of the compound of interest in the sample. The precise intensity of the color is determined using a colorimeter. Multi-parameter colorimeters tests for a multitude of contaminants simultaneously.
With a good deal of pre-programmed methods for testing, colorimeters recognize and choose a suitable method via internal or external barcode readers. As a consequence, colorimeters allow automatic measurement of the desired species without the need for the users to press the button. The filters are enclosed in an integral filter wheel to prevent damages to the filters. Automatic vial detection in colorimeters ensures that correct vials and pathlengths are utilized for the chosen testing method.
The feature recognizes the kind of vial deployed into the analyte chamber, and notifies the users during the incorrect selection of vials or automatically adapts the measuring range corresponding to the method. Auto-detection feature, paired with barcoded techniques, decreases the need for cost-inefficient re-evaluation of analytes, and minimizes wastage of reagents.
Customer Retention with Consistent Color of Food Products Despite the Bottleneck of Metamerism
The food & beverage sector is significantly inclined towards colorimeters owing to straightforward operation, and simple interpretation of color data. Studies suggest that the shading of food products significantly influences the psychology of individuals.
Colorimeters deliver quantifiable color readings to maintain consistency in food & beverage product colors, thereby enhancing the quality aspect – a customer retention factor.
Color densitometers measure the density of light propagating via the given frame, characterized by the level of darkness in the film or print. The ink pigments, accumulated on the paper, hinder the light naturally while the image is being printed. Color densitometers are widely employed in the graphics industry to aid control color in subsequent steps of the printing process.
On the flip side, colorimeters require highly monochromatic sources and are inept to work in the non-linear region of the assay. In addition, colorimeters are not considered ideal for production applications, especially formulation due to the inefficacy towards metamerism – two colors match under one lighting condition, yet not when the light alters. Metamerism impacts the calibration process, leading to inaccurate measurements.
Why Market Players Eye North America and Europe for Sustainable Growth?
The upsurge in production of food & beverages in line with consumers’ awareness regarding the consistency of consumables is driving the sales of colorimeters in North America and Europe. The sweeping production rate of pharmaceuticals in European countries – Switzerland, Germany, and Ireland – corresponds to increasing demand for colorimeters for creating brand uniqueness, and convey the benefits. Furthermore, with rising production capacity, along with legal compliance, is set to attract colorimeter market players.
Stakeholders Design Colorimeters for Water Treatment and Environmental Air Quality
The quest to manage the quality of potable water, and farming lands is considerably propelling the adoption of colorimeters. For instance, Hanna Instruments, delivers colorimeters specifically developed for environmental evaluation, including water testing, and pool & spa water quality management. Furthermore, market forces are providing testing equipment to diverse verticals - municipal drinking water testing laboratories, wastewater treatment plants and industrial process water, and third-party testing laboratories.
With changing industrial requisites, and surging production activities, colorimeters with mobility are garnering high traction following compact size, and straightforward operation. As such, manufacturers are focusing on the development of portable colorimeters, armed with advanced features, such as digital display, to offer on-site working.
How Growth Will Unfold
Accurate use of color measurement is required to collect accurate outcomes important for developing products that fulfill the ‘cognitive expectations’ of customers. At present, gel caps exhibit above 80,000 color combinations, and persisting advancements in technology offer new and colorful coating products to market.
Color is the quintessential component of drugs’ character with the unusual ability to create emotional appeal, extend functional benefits and values, and differentiate between brands. Further, the quality of air in the surroundings is primarily affected by rising pollution and global warming.
On the flip side, the reflection of light happens at the surface of entities, making it tough to quantify color properties via colorimeters. Reflections result in errors while employing colorimeters, producing incorrect results – a morale-killing factor for the market players of the colorimeter.
- Food & Beverages
- Paints & Textiles
- Research & Educational Institutes
- Water Utilities
- Automotive & Transportation
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
- Color Densitometers
- Color Photometers