Chemicals

Global Analytical Standards Market Size, Forecasts, And Opportunities

December 24, 2021 by The Business Research Company

Learn about the global analytical standards market through The Business Research Company, which provides information on analytical standards market size, analytical standards market drivers and restraints, analytical standards market players, the COVID-19 impact on the analytical standards market, and more.

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The global analytical standards market is expected to grow from $1.34 billion in 2020 to $1.52 billion in 2021 at a compound annual growth rate (CAGR) of 11.8%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $1.98 billion in 2025 at a CAGR of 6.75%.

The rising public concerns related to optimal food safety and quality are expected to drive innovation in analytical standards, thus driving the market during the forecast period.

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The analytical standards market consists of sales of analytical standards and related products by entities (organizations, sole traders, and partnerships) that manufacture analytical instruments. An analytical standard is a high-grade compound and a defined concentration to be used as a calibration standard for a specified experiment. Analytical standards are introduced in all fields such as veterinary, life sciences, food, and beverage, forensics, environmental and pharmaceutical industries.

Global analytical standards market segments include:

By Type: Organic Standards, Inorganic Standards

By Technique: Chromatography, Spectroscopy, Titrimetric, Physical Property Testing

By Methodology: Bioanalytical Testing, Stability Testing, Raw material Testing, Dissolution Testing, Others

By Application: Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Stability Testing, Others

By End User: Food And Beverages Standards, Forensic Standards, Veterinary Drug Standards, Petrochemistry Standards, Environmental, Pharmaceutical And Life Science Standards

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the analytical standards market in 2020.

Technological advancement is a key trend gaining popularity in the analytical standards market. Major companies operating in the analytical standards sector are focusing on developing new technological solutions for analytical standards.

TBRC’s analytical standards market report covers:

Major Market Players: Merck KGaA, Agilent Technologies, Waters Corporation, LGC Standards, PerkinElmer Inc, Restek Corporation, SPEX CertiPrep, AccuStandard Inc., Thermo Fisher Scientific Inc, Mallinckrodt, Cayman Chemical Company, RICCA Chemical Company, GFS Chemicals Inc, Chiron AS, General Electric, Crescent Chemical Company, Inorganic Ventures Inc, John Barron, Campro Scientific GmbH, Sigma-Aldrich Co. LLC.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Analytical Standards Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides analytical standards market overviews, analyses and forecasts market size, share, analytical standards market players, analytical standards market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s analytical standards market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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