Global oxidation stability analyzer demand is anticipated to be valued at US$ 2.9 Billion in 2022, forecast to grow at a CAGR of 6% to be valued at US$ 5.2 Billion from 2022 to 2032.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 2.7 Billion |
| Expected Market Value (2022) | US$ 2.9 Billion |
| Anticipated Forecast Value (2032) | US$ 5.2 Billion |
| Projected Growth Rate (2022-2032) | 6% CAGR |
Oxidation stability analyzer is a testing instrument used in the analysis of oxidation of oils and other materials. It is used in the sample testing during the quality analysis procedures of the manufactured products. An oxidation stability analyzer is used in the research and development divisions of most companies and production plants.
Oxidation stability analyzer has used oxidation process of oil and other materials which are used in the different manufactured final products. Oxidation stability analyzer are used in end use industries such as oil industry, food and beverages industry, pharmaceutical sector, personal care and cosmetics industry.
The rise in the food and beverages industry is likely to expand the market for oxidation stability analyzer. With developments and innovations in the quality control and product safety measures, Oxidation stability analyzer are becoming a significant segment in the market for better product quality test application.
The growing pharmaceutical, personal care and cosmetics industry will have a positive impact on the oxidation stability analyzer market as demand for safe and lab tested products are directly proportional to the need for oxidation stability analyzer in the end use industries.
Rising use of oxidation stability analyzer for testing in the oil and gas industry, food & beverages industry, the pharmaceutical industry and cosmetics and personal care industry is the key driver for the growth of the global oxidation stability analyzer market.
Moreover, the growing demand for oil and petroleum products is expected to increase the demand for oxidation stability analyzer market during the forecast period. Additionally, the booming healthcare industry across the globe to shade is positively impacting the global oxidation stability analyzer market. The rising expenditure on beauty products is likely to expand. This, in turn, is expected to push the demand for oxidation stability analyzer during the forecast period.
Oxidation stability analyzer market has fragmented due to the presence of local and domestic players. The regional players have adopted a competitive price structure over the established players, which eventually leads to the war for market capture.
However, a significant change concerning government policies towards testing of the products are expected to challenge the growth of the global oxidation stability analyzer market during the forecast period.
Oxidation stability analyzer market is expected to register healthy growth during the forecast period, as the oil and gas industry, food and beverages and pharmaceutical industries are growing across the globe. The Asia Pacific excluding Japan represents a considerably high market share, and the market will grow at significantly high growth rate due to the industrial developments and reforms to create opportunities for the oxidation stability analyzer.
China and India’s developing market is expected to positively impact on the growth of the oxidation stability analyzer market. Thus, Asia Pacific is expected to register a CAGR of 7% in the forecast period.
Moreover, Europe is a growing market owing to its high per capita income and the demand by consumers for the quality products. Oxidation stability analyzer market is steadily increasing with the increasing demand for oil, food and beverages, cosmetics and beauty care, and pharmaceuticals across Europe.
Some of the major players in oxidation stability analyzer market are Brownstone Asia-Tech, Inc., Metrohm AG, VELP Scientific Inc., Xiangtan Xiangyi Instrument Limited, Kemin Industries, Inc., Anton Paar GmbH and among others.
The presence of local and international players has created a tough competition for oxidation stability analyzer manufacturers. Asia-Tech, Inc., Metrohm AG, VELP Scientific Inc possess a considerable market share.
| Report Attribute | Details |
| Growth Rate | CAGR of 6% from 2022 to 2032 |
| Market Value (2022) | US$ 2.9 Billion |
| Market Value (2032) | US$ 5.2 Billion |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
FMI projects the global oxidation stability analyzer market to expand at a 6% value CAGR by 2032
Asia Pacific is expected to be the most opportunistic oxidation stability analyzer market, expanding at a 7% CAGR
AkzoNobel N.V, Asahi Glass Co. Ltd., Dow Chemical Company and Solvay S.A are some prominent oxidation stability analyzer manufacturers
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Oxidation Stability Analyzer Market
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