Global Market for Separation and Purification to Reach $14.3 Billion by 2019
Wellesley, Mass. (PRWEB) December 03, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report that research and development spending, increased competition, patent expiration and new technologies are giving separation and purification processes a new direction. The global revenue for separation and purification was valued at nearly $11.2 billion in 2013, and is expected to grow at a compound annual growth rate (CAGR) of 4.7% to reach $14.3 billion by 2019. Increase in demand for comprehensive statistical analysis of large matrix-assisted laser desorption ionization (MALDI) imaging datasets and combination systems such as MALDI Time-of-flight mass spectroscopy (TOF-MS), liquid chromatography mass spectrometry (LC-MS) and chromatography mass spectrometry (GC-MS) are major areas of growth.
“Improved separation and purification processes are essential for achieving the overall economic and commercial achievability,” says BCC Research analyst Shalini S. Dewan. “New advancements, unique products and changing lifestyles will influence the market’s growth in the near future.”
The market for separation and purification equipment is focused primarily on chromatography, mass spectrometry and electrophoresis. Chromatography systems play an important role in pharmaceuticals, biotechnology, agriculture and other research areas. The introduction of advanced technologies in chromatography instruments and consumables is driving the growth of the chromatography systems market.
Chemical Separation and Purification: Technologies and Global Markets provides a comprehensive analysis of current and future trends in the global market for separation and purification technologies. A detailed analysis of the structure of separation and purification technologies is also included in this report with revenues broken down by region. Sales figures are estimated for the five-year period from 2014 through 2019.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
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