The global particle size analysis market size USD 356 million in 2020 and is projected to expand at a CAGR of 5.5% during the forecast period, 2021-2028. The growth of the market is attributed to rising demand for automation in various industries.
Carbon fiber has been replacing metals such as aluminum and steel in the automotive sector for the past four years due to its exceptional strength and lightweight. Moreover, the pharmaceutical and healthcare industries are expected to be prime sources of demand for particle size analysis services and solutions. According to a research by the University of Utah School of Medicine and ARUP Laboratories, an average clinical laboratory receives around 5,000 specimens each day. These specimens are projected to be purchased, delivered, and dispatched in over 162 containers, with 320 different tracking and shipment slips.
The semiconductor industry is increasingly adopting nanomaterials as a result of the development of microelectronics and nano sensors. Growing desire for lab-on-chip devices that deliver rapid solutions on medical tests that normally take longer in laboratories, has resulted in a significant demand for nanotechnology breakthroughs in the healthcare sector. Coulter principle, laser diffraction, imaging, nanoparticle tracking analysis, and dynamic light scattering are some of the major technologies used in the industry. The key element driving the demand for particle size analyzers is the increasing application of particle size analyzers in nanotechnology.
Various flaws in the methodology limit the particle size analysis market. For instance, the dynamic image analysis methodology does not allow particle size distribution of particles smaller than one millimeter, restricting its clinical use.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing initiatives and support from government and key players is projected to drive the market.
- Stringent regulatory regulations and regional expansion of prominent competitors are key drivers propelling the particle size analysis market growth.
- Increasing demand from the healthcare industry is fueling the market.
- High analyzer prices and lack of awareness about the technology can hamper the market growth in the projected timeline.
- Technology advancements is anticipated to create immense opportunities for the market players.
Scope of the Report
The report on the global particle size analysis 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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Particle Size Analysis Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2021
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Historic Data
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2019–2020
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Forecast Period
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2021–2028
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Segmentation
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Technology (Taylor Dispersion Analysis, Dynamic Light Scattering, Nanoparticle Tracking Analysis, Resonant Mass Measurement, Laser Diffraction, and Others), Dispersion (Wet Particles, Dry Particles, and Spray Particles), End-user Industries (Chemicals, Food, Beverages, and Nutrition, Mining, Agriculture and Forestry, Pharmaceuticals, Energy, 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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Malvern Panalytical Ltd, Horiba Ltd, Agilent Technologies Inc.
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Particle Size Analysis Market Segment Insights:
Nanoparticle tracking analysis segment to exhibit a high CAGR
Based on types, the particle size analysis market is segregated into taylor dispersion analysis, dynamic light scattering, nanoparticle tracking analysis, resonant mass measurement, laser diffraction, and others. The nanoparticle tracking analysis (NTA) segment is anticipated to expand at a high CAGR during the forecast period. It is a commercially available technology that allows high-resolution particle size distribution on a number-weighted basis as well as concentration assessments of submicron particles. In a specifically built cell, a highly concentrated laser passes through a liquid dispersion. Through a microscope, the nanoparticles in the dispersion interact with the laser and appear as spots of light moving in Brownian motion.
Dynamic light scattering (DLS) is a technique for determining the size distribution profile of tiny particles suspended in solution or polymers in solution. The intensity or photon auto-correlation function is typically used in DLS to examine temporal fluctuations.
Spray particles segment to expand at a robust CAGR
Based on dispersion, the market is bifurcated into wet particles, dry particles, and spray particles. The spray particles segment to account for a major market share and is expected to grow at a robust rate in the projected timeline. On the other hand, the wet particles segment is expected to grow at a substantial rate during the forecast period.
Food, beverages, and nutrition segment to hold a major market share
On the basis of end-user industries, the market is segregated into chemicals, food, beverage, and nutrition, mining, agriculture and forestry, pharmaceuticals, energy, and others. Particle characterization of food products necessitates the use of a variety of analytical instruments. In the food sector, several particle size analysis technologies, such as laser diffraction, dynamic light scattering, and image analysis are used. For instance, particle size distribution control is vital for consistent quality in sugar. Traditionally, determining the particle size of sugar was done by sieving. Aside from rising coffee consumption and production, approximately 40 different types of coffee beans that impact the aroma, flavor, and brewing behavior.
North America is projected to hold a major market share
In terms of regions, the particle size analysis market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market owing to the early and widespread acceptance of particle size technologies and rising industrial applications. The agriculture and healthcare industries accounted for a large share of the market owing to heavy R&D investments. The strong support of government state bodies in the US and rising number of grants to academic institutions and entrepreneurs to develop highly sensitive particle size analysis instruments are driving the market growth in the region.
Segments
Segments Covered in the Report
The particle size analysis market is segmented on the basis of
Types
- Taylor Dispersion Analysis
- Dynamic Light Scattering
- Nanoparticle Tracking Analysis
- Resonant Mass Measurement
- Laser Diffraction
End-users
- Chemicals
- Food and Beverage
- Nutrition
- Mining
- Agriculture and Forestry
- Pharmaceuticals
- Energy
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Malvern Panalytical Ltd
- Horiba Ltd
- Agilent Technologies Inc.
Competitive Landscape
The major players in the particle size analysis market include Malvern Panalytical Ltd, Horiba Ltd, and Agilent Technologies Inc.
In April 2020, Beckman Coulter announced a mid-May launch date for its Access SARS-CoV-2 IgG serology test. Immunoassay analyzers from Beckman Coulter are utilized in every size of laboratories
In March 2020, ATS Scientific Inc. announced its cooperation with Microtrac MRB as a distributor and service provider. The flagship SYNC laser diffraction system is expected to be integrated with ATS Scientific's Technology Centre's instrumentation.
