Analytical Standards Market by Category (Organic, Inorganic), Technique (GC, MS, LC, IR, NMR, Gravimetry), Method (Bioanalytical, Dissolution, Material Testing), Application (Food, Environmental, Pharmaceutical, Forensics) - Global Forecast to 2025", size is estimated to be USD 1.3 billion in 2020 and projected to reach USD 1.7 billion by 2025, at a CAGR of 6.3%. The rising public concerns related to optimal food safety quality and growing applications of analytical techniques in proteomics metabolomics are the key factors driving the growth of the analytical standards industry.
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Browse in-depth TOC on "Analytical Standards Market”
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Key Market Players
Prominent players in this market include Merck KGaA (Germany), Agilent Technologies (US), Waters Corporation (US), LGC Standards (UK), PerkinElmer, Inc. (US), Restek Corporation (US), SPEX CertiPrep (US), AccuStandard, Inc. (US), Thermo Fisher Scientific, Inc. (US), and Mallinckrodt (UK).
Merck KGaA is one of the leading manufacturers of analytical standards. The company offers analytical standards for various applications such as environment, food beverage, pharmaceutical life sciences, and petrochemistry. The company is focused on increasing its analytical standards product portfolio to increase its market share and build a competitive advantage. The company’s key strengths are its geographic presence, strong product portfolio, and wide distribution networks across major markets (such as the US, Europe, and the Asia Pacific). The company mainly focuses on expanding its analytical standards business through growth strategies such as distribution agreements and market expansions.
Agilent Technologies Inc. holds a significant position in the analytical standards market, owing to its strong RD capabilities and innovative products. The companys product portfolio includes analytical standards for various techniques, including chromatography, spectroscopy, and titrimetry. The high demand for its analytical standards from research laboratories and academic institutes has helped the company maintain its share. To strengthen its current position and gain a larger share of the analytical standards market, the company focuses on inorganic business growth strategies such as partnerships, collaborations, and market expansions.
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Asia Pacific likely to emerge as the fastest-growing analytical standards market, globally
Geographically, the emerging Asian countries, such as China, India, South Korea, Taiwan, and Singapore, are offering high-growth opportunities for market players. The Asia Pacific analytical standards market is projected to grow at the highest CAGR from 2020 to 2025. strategic expansions of analytical instrument market players in the region, increasing focus on soil testing, food security concerns in India, an increasing number of bioclusters, high use of analytical technologies in Japan, and the growing biotechnology, biomedical, and pharmaceutical industries in China are driving the growth of the APAC analytical standards market.
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