Global sales of potentiometric titrators were valued at US$ 283.5 Billion in 2021, and are likely to further increase to US$ 304 Billion by 2022-end. Compared to the previous year, the market registered a y-o-y incline of 7.2%. In the long-run, the potentiometric titrators industry is likely to flourish at a 7% value CAGR to reach US$ 598 Billion.
| Report Attribute | Details |
| Estimated Base Year Value (2021) | US$ 283.5 Billion |
| Expected Market Value (2022) | US$ 304 Billion |
| Anticipated Forecast Value (2032) | US$ 598 Billion |
| Projected Growth Rate (2022-2032) | 7% CAGR |
With increasing demand for accurate and fast titrations in end-use industries, the market for automatic potentiometric titrators is gaining traction. Another factor expected to drive the market for potentiometric titrators is the growing concern in pharmaceutical industries about maintaining quality standards.
Titration is a quantitative chemical analysis technique for determining the concentration of a dissolved substance. Potentiometric titration determines the concentration of a chemical component in a solution by measuring the potential difference between the indicator electrode and the reference electrode when the current passed through the solution only maintains thermodynamic equilibrium. Pharmaceutical, petrochemical, chemical, food processing, and other industries use potentiometric titrators for quality control and research and development.
Despite these challenges, the potentiometric titrators market is expected to grow at a rapid pace in the coming years. Manufacturers of potentiometric titrators serve a wide range of industries with stringent quality standards. Potentiometric titrators are widely used in the food and beverage industries for regulatory compliance and quality control. With the increased demand for food and beverage products, the use of potentiometric titrators to help regulate the texture, taste, nutrition, appearance, and stability of the food will skyrocket.
Furthermore, titration with potentiometric titrators is an important part of the pharmaceutical industry's analysis and is used to analyze various raw materials. The pharmaceutical market is expanding steadily, and as a result, the market for potentiometric titrators is expected to grow.
Rising urbanization and a growing middle class make medicines more affordable and accessible to more people, as well as increasing demand for potentiometric titrators in the manufacturing process. Packaging is expanding all over the world, as is the demand for pulp for textile applications. Various titration instruments, such as potentiometric titrators, are used in the paper and pulp manufacturing process.
The main disadvantage of potentiometric titration is that it is extremely pH sensitive. Potentiometric titration takes more time than indicator titration. Errors can occur during the preparation of solutions or as a result of contamination. All these factors may stifle the market growth.
Due to the rapid expected growth of pharmaceutical manufacturing capabilities in countries such as India and China, APAC is expected to be the largest consumption region for potentiometric titrators during the forecast period.
According to Future Market Insights, Economic turmoil in various parts of the world has had an impact on investments in potentiometric titrators. Europe, in particular, has been a key region of concern in recent years, and with the slowdown in manufacturing in this region, opportunities for the potentiometric titrators market have been limited will generate favorable conditions for market growth. However, production of potentiometric titrators would be dominated primarily by European firms.
The market for potentiometric titrators is evolving, with researchers focusing on developing potentiometric titrators with advanced features such as an easy-to-use interface, a built-in printer, and diagnostic equipment that go beyond existing features such as automatic calculation, graphing, titrant dispensing, and end-point detection. Some of the key participants present in the global Potentiometric Titrators market include Thermo Fischer Scientific Inc., Metrohm AG, GPS Ltd., Hanna Instruments, Hitachi High Technologies Corporation, Kyoto Electronics Manufacturing Co. Ltd., Hach, Veego Instruments Corporation, Faneks, Hiranuma Sangyo Co. Ltd. and Koehler Instrument Company Inc. among others.
| Report Attribute | Details |
| Growth Rate | CAGR of 7% from 2022 to 2032 |
| 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 |
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| Customization | Available Upon Request |
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End Use Industry:
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FMI projects the global Potentiometric Titrators market to expand at a 7% value CAGR by 2032.
Asia Pacific is expected to be the most opportunistic Potentiometric Titrators market.
Thermo Fischer Scientific Inc., Metrohm AG and GPS Ltd. are some prominent potentiometric titrators manufacturers
Potentiometric Titrators Market
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