New York, United States: The Report on Particle Size Analysis Market by Decisive Markets Insights was released in the middle of Covid -19 after a thorough analysis of the top players and primary interviews with key industry figures. A market study from Particle Size Analysis Market examines the market size, segmentation, future trends, growth rate, drivers and challenges, as well as the sales channels and distributors.
The global Particle Size Analysis market gathered revenue around USD 357 Million in 2020 and market is set to grow USD 468 Million by the end of 2027 and is estimated to expand at a modest CAGR of 7.5% during the prediction period 2021 to 2027.
Overview of Particle Size Analysis Market Study
Particle Size Analysis market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.
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Market growth is driven largely by factors, such as increasing research activities in the field of nanotechnology, increasing investments in pharmaceutical R&D, and stringent regulatory guidelines for product quality across industries. However, the heavy import duties on particle size analyzers in developing countries and limitations in particle characterization range are the major factors that are expected to restrain the growth of this market during the forecast period.
Particle Size Analysis Market Dynamics
Driver: Increasing research activities in the field of nanotechnology
Owing to its high potential, the applications of nanotechnology are increasing at a rapid pace across a range of industries. These include the healthcare, food & beverage, and chemical industries. Ongoing research on nanomaterials and their significance in several industries are also stimulating the growth of nanotechnology applications. Since particle size analyzers play a significant role in the analysis of nanoparticles, the increase in nanotechnology research, coupled with the rising adoption of this technology, will drive the growth of this market.
The Nanyang ýTechnological ýUniversity (Singapore), the Massachusetts Institute of Technology ýý(MIT) (US), Tsinghua University (China), California Institute of Nanotechnology (US), International Institute for Nanotechnology (US), MESA+ Institute for Nanotechnology (Netherlands), and the Institute of Nano Science and Technology (India) are some of the leading institutes engaged in nanotechnology research. Since the launch of the National Nanotechnology Initiative (NNI) in the US in 2000, several countries have followed suit and established similar federal programs to promote nanotechnology.
Restraint: High cost of particle size analyzers
Owing to technological advancements and increasing application areas, there has been a paradigm shift in the usage pattern of particle size analysis instruments. However, the high cost of instruments is one of the major factors responsible for restraining the growth of this market. The implementation of particle size analyzers requires high capital investments by customers. For instance, a dynamic light scattering particle size analyzer may cost around USD 30,000 to USD 60,000, depending on the associated accessories. Moreover, nanotechnology-based particle size analyzers require highly skilled technical operators, thereby adding to the overall cost of the instrument.
Opportunity: Increasing number of conferences and events
In the past decade, the nanotechnology industry has witnessed an increase in the number of events, trade shows, and conferences at the national as well as international levels. For instance, in September 2021, the World Conference on Nanotechnology Research & Applications (WCNR 2021) was held in Prague, the Czech Republic, with a focus on the essential progression of developments and advancements through the latest upfront nanotechnology and practice. Several market players are also engaged in organizing and exhibiting their product offerings in events, which aid in increasing awareness of advanced technologies available for nanoparticle analysis. These seminars are aimed at showcasing the latest developments in technologies for characterizing nanoparticles, including NTA, DLS, gel permeation chromatography (GPC), rheology, and resonant mass measurement (RMM). These events further help in increasing awareness about novel nanoparticle characterization techniques among research professionals.
Challenge: Lack of well-established distribution networks among SMEs
In addition to well-established global players, there are several small and medium-sized organizations offering niche technologies. SMEs, in particular, face issues in the marketing and distribution of instruments owing to budgetary constraints. This may adversely affect their revenues and survival in the market. In order to overcome their inability to grow organically due to insufficient budgets, many SMEs are concentrating on the expansion of their geographic inorganic growth strategies, such as expansions and partnerships.
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COVID-19 Impact on Particle Size Analysis Sales
Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Particle Size Analysis market.
Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.
Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.
Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Particle Size Analysis market 2021 onwards. This trend will however continue through the course of the report’s assessment period
This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Particle Size Analysis market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.
Some of the prominent players in the Particle Size Analysis market include:
Malvern Panalytical (UK), HORIBA (Japan), Beckman Coulter, (UK), MICROTRAC MRB, (US), Izon Science (UK), Micromeritics Instrument Corporation (US), Shimadzu Corporation (Japan), Sympatec (Germany), Anton Paar (Austria), TSI (US), Bettersize Instruments (China), FRITSCH (Germany), Brookhaven Instruments, (US), LS Instruments AG (Switzerland), and AimSizer (China).
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
- Laser Diffraction
- Dynamic Light Scattering
- Dynamic Imaging
- Static Imaging
- Atomic Spectroscopy
- Coulter Principle
- Nanoparticle Tracking Analysis (NTA)
- Other Technologies
By Dispersion Type
- Wet Dispersion
- Dry Dispersion
- Spray Dispersion
By End-use Industry
- Healthcare Industry
- Pharmaceutical & Biotechnology Companies
- Public & Private Institutions
- Academic Institutions
- Chemicals & Petroleum Industry
- Mining, Minerals, & Cement Industry
- Food & Beverage Industry
- Other Industries
Why Buy this Report?
The purpose of Nova one advisor’s Particle Size Analysis market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.
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