HOME Research Insight The global Analytical Standards Market was dominated and due to the acquisition of Sigma-Aldrich



The global Analytical Standards Market was dominated and due to the acquisition of Sigma-Aldrich


The global analytical standards market was dominated by Sigma-Aldrich (U.S.), Merck KGaA (Germany), LGC Limited (U.K.), Agilent Technologies Inc. (U.S.), and Waters Corporation (U.S.) in 2014. Merck KGaA accounted for the largest share of the analytical standards market due to the acquisition of Sigma-Aldrich.

Merck KGaA has a wide product portfolio of reference materials with several standards for titration, Pharmacopoeia analysis, and Spectroscopy that serves as one of the important factors for its future growth in the analytical standard industry. Furthermore, the company’s wide geographic presence enables it to maintain its leading position in the global analytical standards market. The company acquired Sigma-Aldrich Corporation in November 2015 that helped Merck KGaA intensify its product portfolio, increase its global reach, and strengthen its position in the analytical standards market. Merck KGaA also had agreements with VWR International (Pennsylvania, U.S.) for its high-quality chemical and analysis products in Western Europe. The company focuses on new product launches, strategic acquisition, expansion, and agreements as its key business strategies to ensure its growth in the global analytical standards market.

LGC STANDARDS (a division of the LGC science group limited, U.K.) held the second position in the analytical standards market in 2014. Over the past three years, the company has been focusing on new product launches, expansion, acquisitions, and agreements in order to increase its share in the global analytical standards market. Recently, in February 2016, the company had launched a crab paste certified reference material (CRM), LGC7164 to monitor fish and seafood products for nutritional components and potentially toxic contaminant elements. Furthermore, the company has also launched several other certified reference materials including new six meat mixture reference materials, amino acid (glycine) reference material, primary pharmaceutical reference standards, and reference materials for stilbene detection in bovine urine in the period of 2012-2015. In addition, the strong geographic presence and large customer base enables the company to maintain its leading position in the analytical standards market.

In the analytical standards market, leading players are adopting the strategies of new product launches, geographic expansions, agreements, acquisitions, and collaborations to expand their presence. Market players adopted these strategies to expand their product portfolio, enter into growing markets, and increase their market share. In addition to the top market players, companies such as Restek Corporation (U.S.), AccuStandard, Inc. (U.S.), Cayman Chemical Company (U.S.), RICCA Chemical Company (U.S.), and SPEX CertiPrep (U.S.) are primarily focused towards launching new analytical standards and acquisitions to widen their product offerings in the market.

Related Reports:

Analytical Standards Market by Technique (Chromatography, Spectroscopy, Titrimetry, Physical Property Testing), Application (Food & Beverage, Environmental, Pharmaceutical, Cosmetic, Veterinary, Forensics, Petrochemistry) - Global Forecast to 2020

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