Markets and Markets : Particle Size Analysis Market by Technology & Industry (Healthcare, Chemical, Petroleum, Mining, Mineral, Food) worth $290 Million by 2018
(M2 PressWIRE Via Acquire Media NewsEdge) The global particle size analysis market is estimated to grow at a CAGR of 4.9% and is expected to reach ~290 million by 2018. Compared to mature markets, the Asia-Pacific region is expected to grow at the highest CAGR of 6.0%. The market is segmented by the technology on which analyzers are based such as laser diffraction, dynamic light scattering and four others. It captures their sale into various industries along with a detailed focus on end users in the healthcare Industry.
The emerging markets including China and India are becoming attractive for the companies engaged in the development and marketing of the particle size analysis. Rising government concerns towards increasing the quality standards for the products produced in the developing economies and rapidly growing pharmaceutical R&D activities are the key factors propelling the demand for the in the Asia-Pacific region.
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 & biopharmaceutical companies, clinical research organizations (CROs) & referral laboratories, and academic institutions).
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On the basis of technology, the global particle size analysis market has been divided into six major segments, namely, laser diffraction, dynamic light scattering (DLS), imaging, the Coulter Principle, nanoparticle tracking analysis (NTA), and others. The others segment comprises resonant mass measurement, laser obscuration, sedimentations, and sieve analysis technologies. The laser diffraction segment accounted for largest share of the global market at an estimated $80.0 million in 2013; however, the imaging segment market is expected to grow at the highest growth rate in the next five years
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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New product launches and product developments are the key strategies adopted by major players to develop their position in the global market. Moreover, strategies such as expansion, partnerships, agreements, collaborations, and mergers and acquisitions were adopted by a significant number of market players to strengthen their product portfolio and expand their geographic presence.
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.) are the key players operating in the global market.
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