Report Description
Laboratory Chemicals Market Outlook 2031
The Laboratory Chemicals Market was USD 3.50 Billion in 2022 and is likely to reach USD 5.62 Billion by 2031, expanding at a CAGR of 5.4 % during 2023 – 2031.
Growth of the market is attributed to rapid urbanization, increasing overall efficiency & productivity for enterprises, and increasing demand for methyl isobutyl ketone in synthesis of anti-ozonate additives rubber.
For preparation of drugs & other chemicals, performing experiments, and investigative procedures the chemicals that are used are known as laboratory chemicals.
The Covid-19 pandemic affected the demand and supply of laboratory chemicals market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Laboratory Chemicals Market Outlook Market Trends, Drivers, Restraints, and Opportunities
- Rising usages of chemicals in waste water treatment is projected to boost the market.
- Increasing usages of chemicals in industrial process is the major factor fueling the market.
- Lack of awareness about the laboratory chemicals is projected to restrict the market expansion during the forecast period.
- Strict regulations on chemicals usages are anticipated to hamper the market growth in the coming years.
- R&D investment and technological advancement in laboratory chemicals market is projected to offer lucrative opportunities for the market players
Scope of Laboratory Chemicals Market Outlook Report
The report on the laboratory chemicals market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Laboratory Chemicals Market – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023-2031
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Segmentation
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Types (Biochemistry, Molecular Biology, Environmental Testing, Cytokine & Chemokine Testing, Cell & Tissue Culture, Carbohydrate Analysis, Immunochemistry, and Other Types), Applications (Education, Healthcare, Industrial, Government, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players covered in the Report
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UJIFILM Wako Chemicals; R & D Systems; Nova Chemica SRL; Mitsubishi Rayon Co. Ltd.; Merck KGaA; GE Healthcare; BiosYnth SRL; BD Bioscience; Carlo Erba Reagents SRL; Avantor Inc.; Beckman Coulter Inc.; ITW Reagents Division; Meridian Life science Inc.; Morphisto GmbH; PerkinElmer Inc.; and Sigma-Aldrich Corp.
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Laboratory Chemicals Market Segment Insights
The cell & tissue culture segment accounts for key share of the market
On the basis of types, the laboratory chemicals market is fragmented into biochemistry, molecular biology, environmental testing, cytokine & chemokine testing, cell & tissue culture, carbohydrate analysis, immunochemistry, and other types. The cell & tissue culture segment accounts for a key share of the market.
Growth of the market is attributed to increasing awareness among consumers and increasing research & development activities in laboratory chemicals. However, the biochemistry segment is anticipated to expand at a rapid pace during the forecast period due to increasing per capita income, rising demand for chemicals for distillation & recrystallization process, and rapid development in industrial sector.
The industrial segment is anticipated to hold significant market share
Based on applications, the market is divided into education, healthcare, industrial, government, and others. The industrial segment accounts for a significant share of the market. Growth of the market is attributed to rapid development in laboratory infrastructure and rapid innovations in laboratory chemicals. The healthcare segment is anticipated to expand at a rapid pace during the forecast period due to factors such as rising investment by private sectors, rapidly changing lifestyle, rapidly growing population, and rising number of small & medium industry.

Europe is estimated to hold major market share
On the basis of region, the laboratory chemicals market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is estimated to expand at a high CAGR during the forecast period due to factors such as presence of major market players and rapid economic growth in region. The market of Europe is estimated to hold major market share due to rapidly growing number of working people, rapid advancement in technology such as recombinant DNA & cell culture, and rapid industrialization.

Segments
The laboratory chemicals market has been segmented on the basis of
Types
- Biochemistry
- Molecular Biology
- Environmental Testing
- Cytokine & Chemokine Testing
- Cell & Tissue Culture
- Carbohydrate Analysis
- Immunochemistry
- Other Types
Applications
- Education
- Healthcare
- Industrial
- Government
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- UJIFILM Wako Chemicals
- R & D Systems
- Nova Chemica SRL
- Mitsubishi Rayon Co. Ltd.
- Merck KGaA
- GE Healthcare
- BiosYnth SRL
- BD Bioscience
- Carlo Erba Reagents SRL
- Avantor Inc.
- Beckman Coulter Inc.
- ITW Reagents Division
- Meridian Life science Inc.
- Morphisto GmbH
- PerkinElmer Inc.
- Sigma-Aldrich Corp.
Competitive Landscape
Key players competing in the laboratory chemicals market include UJIFILM Wako Chemicals; R & D Systems; Nova Chemica SRL; Mitsubishi Rayon Co. Ltd.; Merck KGaA; GE Healthcare; BiosYnth SRL; BD Bioscience; Carlo Erba Reagents SRL; Avantor Inc.; Beckman Coulter Inc.; ITW Reagents Division; Meridian Life science Inc.; Morphisto GmbH; PerkinElmer Inc.; and Sigma-Aldrich Corp.
Some of these players are using several market strategies such as product launches, capacity expansion, merger, acquisitions, collaborations, and partnerships to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Table Of Content
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Laboratory Chemicals Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laboratory Chemicals Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laboratory Chemicals Market - Supply Chain
4.5. Global Laboratory Chemicals Market Forecast
4.5.1. Laboratory Chemicals Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laboratory Chemicals Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Laboratory Chemicals Market Absolute $ Opportunity
5. Global Laboratory Chemicals Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Laboratory Chemicals Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Laboratory Chemicals Demand Share Forecast, 2019-2026
6. North America Laboratory Chemicals Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Laboratory Chemicals Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Laboratory Chemicals Demand Share Forecast, 2019-2026
7. Latin America Laboratory Chemicals Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Laboratory Chemicals Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Laboratory Chemicals Demand Share Forecast, 2019-2026
8. Europe Laboratory Chemicals Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Laboratory Chemicals Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Laboratory Chemicals Demand Share Forecast, 2019-2026
9. Asia Pacific Laboratory Chemicals Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Laboratory Chemicals Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Laboratory Chemicals Demand Share Forecast, 2019-2026
10. Middle East & Africa Laboratory Chemicals Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Laboratory Chemicals Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Laboratory Chemicals Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Laboratory Chemicals Market: Market Share Analysis
11.2. Laboratory Chemicals Distributors and Customers
11.3. Laboratory Chemicals Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1.
UJIFILM Wako Chemicals
R & D Systems
Nova Chemica SRL
Mitsubishi Rayon Co. Ltd.
Merck KGaA
GE Healthcare