Increasing research activities in the field of nanotechnology, increasing investments in pharmaceutical R&D, and stringent regulatory guidelines for product quality across industries fueling the growth of the market. Moreover, increasing government support for nanotechnology research and rapidly growing pharmaceutical industry in emerging countries, are some of the other major factors driving the growth of particle size analysis market.
The global Particle size analysis market size is projected to reach USD 492 million by 2026 from USD
371 million in 2021, growing at a CAGR of 5.8% during the forecast period.
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KEY MARKET DYNAMICS
1 DRIVERS
1 Increasing research activities in the field of nanotechnology
2 Increasing investments in pharmaceutical R&D
3 Development of technologically advanced nanoparticle instruments
4 Stringent regulatory guidelines for product quality across industries
5 Increasing funding activities to drive the purchasing power of
research institutions
2
RESTRAINTS
1 High cost of particle size
analyzers
2 Limitations in particle characterization range
3
OPPORTUNITIES
1 Increasing number of conferences and events
2 Emerging markets
4
CHALLENGES
1 Lack of well-established distribution networks among SMEs
2 Limitations of laser diffraction technology
Market Segmentation:
Based on technology, the market is segmented into
laser diffraction, dynamic light scattering, imaging, coulter principle,
nanoparticle tracking analysis, sieve analysis and other technologies. The
laser diffraction segment accounted for the largest share of this market in
2020, driven by growing initiatives to create awareness about laser
diffraction, increasing trainings conducted by companies, increasing R&D
expenditure in the pharma and biotech sectors, and rising food safety concerns.
Based on type, the imaging market is segmented into
two major types—dynamic imaging, and static imaging. Factors such as
high-quality/resolution images, better image recognition, user friendliness,
individual sample measurement, and high speed analysis are driving the growth
of the dynamic imaging segment.
The Nanoparticle Tracking Analysis (NTA) segment is
expected to register the highest growth over the forecast among the particle
size analysis technologies market over the forecast period. The significant
growth of this segment is attributed to advanced applications of these particle
size analyzers and growing research activities in the field of nanotechnology.
Regional
Analysis: -
The particle size analysis industry is segmented
into five regional segments, namely, North
America, Europe, Asia Pacific, Latin America,
and Middle East & Africa.
The North American region accounted for the largest share of this market in
2020. Presence of a large customer base in the region, relatively low energy
prices in the US market as compared to other competitive nations such as the UK
and Japan are
encouraging the growth of end-use markets (such as mining, minerals, chemicals,
petroleum) in the US. Moreover, significant funding for nanotechnology
development and strict industrial regulations for particle size analysis for
pharmaceutical drugs and food products with respect to drug development and
quality control are some of the major factors driving the growth of the life
science instrumentation sector in North
America.
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Recent Developments:
·
In August 2020, VERDER Scientific GmbH & Co. KG
(Germany) acquired Porotec GmbH (Germany), which operates as a dealer for
Microtrac MRB and develops and sells particle and porosity measurement
instruments.
·
In January 2019, HORIBA Instruments Incorporated
(US) acquired MANTA Instruments, Inc. (US) to expand their technology of
particle characterization instruments.
· In September 2018, Anton Paar GmbH (Germany) acquired Quantachrome (US). The acquisition expanded Anton’s product portfolio in particle characterization. It also provided the firm with a US-based research unit.
Top Key Players:-
The major players operating in the global particle
size analysis market include Malvern Panalytical Ltd. (UK), HORIBA (Japan), Beckman Coulter,
Inc. (US), Anton Paar GmbH (Austria),
Aimsizer (China),
Bettersize Instruments Ltd. (China),
Brookhaven Instruments (US), Fritsch GmbH (Germany),
LS Instruments (Switzerland),
METLLER TOLEDO (US),
Micromeritics Instrument Corporation (US), Microtrac Retsch GmbH (Germany),
Shimadzu Corporation (Japan),
Sympatec GmbH (Germany),
and TSI (US),
among others.
