Malvern Panalytical Ltd. (UK) and HORIBA (Japan) are Leading Players in the Particle Size Analysis Market
The global particle size analysis market size is projected to reach USD 492 million by 2026 from USD 371 million in 2021, growing at a CAGR of 5.8%. The factors driving the growth of the market are increasing research activities in the field of nanotechnology, increasing investments in pharmaceutical R&D, stringent regulatory guidelines for product quality across industries, and development of technologically advanced nanoparticle instruments. However, high import duty on particle size analyzers in developing countries and limitations in particle characterization range are restraining the growth of the market.
A number of factors such as the increasing application of nanomaterials and rising government regulations to comply with GMP (Good Manufacturing Practice) guidelines are stimulating the demand for particle size analyzers. The particle size analyzers market is growing at a stable rate in each geographic region; moreover, Asia-Pacific countries such as China, India, Japan, New Zealand, and South Korea are expected to witness intensified growth in next five years. The growth of the particle size analyzers market in these emerging regions is primarily driven by various economic developments. Moreover, the growing pharmaceutical and food and beverage industries, and increasing stringency of industry standards in developing countries are some of the other key factors fuelling the growth of the particle size analyzers market in these regions. In addition, gradual migration of R&D and manufacturing activities of pharmaceutical and biotechnology companies from developed nations to emerging Asian countries is also contributing to the growth in demand for particle size analyzers in the Asia-Pacific region.
The North American particle size analyzers market (comprising the U.S. and Canada) is expected to grow at a CAGR of 4.8% from 2013 to 2018. A number of factors such as low energy prices and increasing government support for nanotechnology researches are the major drivers contributing to the growth of the particle size analyzers market in North American countries. Market players such as Malvern Instruments (U.K.), Shimadzu Corporation (Japan), and IZON Limited (U.K.) are increasing their investment in North American countries (primarily in the U.S.), in order to meet the projected demand.
Related Reports:
Particle Size Analysis Market by Technology (Laser Diffraction, Dynamic Light Scattering, Imaging, Coulter Principle, Nanoparticle Tracking Analysis), Industry (Healthcare, Chemical, Petroleum, Mining, Mineral, Food) & End User - Global Forecasts to 2018
https://www.marketsandmarkets.com/Market-Reports/particle-size-analysis-market-74084833.html
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