Particle Size Analysis Market Worth $290 Million by 2018 - New Report by MarketsandMarkets
(PRWEB) June 06, 2014 -- The report “Particle Size Analysis Market by Technology (Laser Diffraction, Dynamic Light Scattering, Imaging, Coulter Principle, Nano-particle Tracking Analysis), Industry (Healthcare, Chemical, Petroleum, Mining, Mineral, Food) & End User - Global Forecasts to 2018”.
Browse more than 70 market data tables with 34 figures spread through 197 pages and in-depth TOC.
http://www.marketsandmarkets.com/Market-Reports/particle-size-analysis-market-74084833.html
Early buyers will receive 10% customization on the report.
This report studies the global particle size analyzers market over the forecast period of 2013 to 2018. The market is expected to reach $290 million by 2018, at CAGR of 4.9% from 2013 to 2018.
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The global particle size analysis market is estimated to grow at a stable rate in the forecast period. Increasing application of nanotechnology, presence of stringent regulatory guidelines to comply with good manufacturing practices for traditional industries (such as healthcare, chemicals, mining, and petroleum), and growing efforts by players to expand their geographic presence are driving the growth of the market. However, a number of factors including high cost of particle size analysis and heavy import duties on particle size analyzers in developing countries are restricting the market growth.
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Major strategic developments are taking place in the field of imaging and NTA (nano-particle tracking analysis) technology-based particle size analyzers, which exhibits high-growth potential in the near future. Malvern Instruments Limited is the leading market player which offers NTA technology-based particle size analyzers. In addition, increasing government concerns towards raising the standards of products manufactured in emerging Asian countries represent new growth opportunities for companies in the global market.
In the report, the global particle size analysis market has also been segmented on the basis of type of dispersion (wet particle size analyzers, dry particle size analyzers, and spray particle size analyzers), type of industry (healthcare; chemicals & petroleum; mining, minerals, & cement; food & beverage; and others (toners, inks, environmental analysis, and cosmetics)), and type of end users in the healthcare industry (pharmaceutical & bio-pharmaceutical companies, clinical research organizations (CROs) & referral laboratories, and academic institutions). On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and RoW (Latin America, Middle East, and Africa).
A number of factors such as the increasing application of nano-materials and rising government regulations to comply with GMP (Good Manufacturing Practice) guidelines are stimulating the demand for particle size analyzers. The market is growing at a stable rate in each geographic region; moreover, Asia-Pacific countries such as China, India, Japan, New Zealand, and South Korea are expected to witness intensified growth in next five years. The growth of the market in these emerging regions is primarily driven by various economic developments. Moreover, the growing pharmaceutical and food and beverage industries, and increasing stringency of industry standards in developing countries are some of the other key factors fuelling the growth of the particle size analyzers market in these regions. In addition, gradual migration of R&D and manufacturing activities of pharmaceutical and biotechnology companies from developed nations to emerging Asian countries is also contributing to the growth in demand for particle size analysers in the Asia-Pacific region.
As of 2013, North America held the largest share of ~32.8% of the global particle size analysers market, followed by Europe (32.3%). However, the Asia-Pacific market is expected to grow at highest CAGR of ~6.0% from 2013 to 2018. A number of factors such as the gradual migration of pharmaceutical R&D and manufacturing activities from developed countries to Asian countries, and increasing industry standards in developing economies are stimulating the growth of the market in the Asia-Pacific region.
The major players in the market include Malvern Instruments Limited (U.K.), HORIBA, Ltd. (Japan), Beckman Coulter, Inc. (U.S.), Microtrac, Inc. (U.S.), Micromeritics Instrument Corporation (U.S.), IZON Limited (New Zealand), CILAS (France), Sympatec GmbH (Germany), and Agilent Technologies, Inc. (U.S.).
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