Process Spectroscopy Market Size, Share & Trends Analysis Report By Technology (Molecular, Mass, Atomic), By Application (Pharmaceutical, Food & Agriculture), By Component, And Segment Forecasts, 2018 - 2025

Published: Aug, 2018 | Pages: 155 | Publisher: Grand View Research
Industry: Technology & Media | Report Format: Electronic (PDF)

The global process spectroscopy market size is estimated to reach USD 25.10 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.5% during the forecast period. Growing efforts in the pharmaceutical industry to undertake advanced research and development is leading to increased adoption of various spectroscopy techniques over the forecast period.

The technology is anticipated to witness healthy growth owing to rising awareness regarding the importance of product quality among industries. Reducing operational expenditure is another factor expected to drive the market over the forecast period. Furthermore, significant R&D activities are undertaken, which have led to several drug discoveries. Increasing number of drug discovery processes is leading to a greater number of treatment options for various diseases. Treatment options include drugs as well as non-drug therapies such as surgeries and radiations.

Surging demand for spectroscopic techniques and related equipment installations across the globe are poised to augment the market over the forecast period. The process spectroscopy market is likely to witness tremendous growth over the forecast years, owing to increasing awareness of quality spectroscopic devices among end-use industries.

Technological advancements necessitate matching international quality standards, such as ISO or Six Sigma, and cost- & time-saving approaches of companies are encouraging adoption of process spectroscopic instruments. Increasing availability of counterfeit products in the market are mandating governments globally to educate masses about quality products and quality standards.

Molecular spectroscopy is a technology that is widely adopted across different application sectors including pharmaceuticals and food & agriculture. The molecular spectroscopy segment held the largest share in the market in 2017 and is projected to maintain its dominance over the forecast period.

Additionally, the Raman spectroscopy technology is gaining popularity across the agricultural sector owing to its ability to allow non-destructive extraction of chemicals and physical information about samples of fruits, vegetables, and food grains and it helps in rapid analysis of these food items. Hence, these advantages of spectroscopic techniques are attracting new applications across the food & agricultural sector, ultimately fostering the growth of the global process spectroscopy market.

Although, the considerable initial investment required for installation of spectroscopic equipment have forced industry players to pass the cost onto consumers, thereby increasing prices of process spectroscopic instruments. However, emergence of cost-effective technologies in the coming years can lead to reduction in prices of these instruments.

Further key findings from the report suggest:

• Several law enforcement authorities and government regulatory bodies imposed for betterment of product quality in the food & agriculture sector are encouraging the manufacturing & packaging industries to adopt measures to meet imposed specifications

• The adoption of various spectroscopic techniques is expected to rise significantly over the forecast period in the pharmaceutical and food & agriculture segments

• The Asia Pacific market is estimated to witness tremendous growth over the forecast period

• The key industry participants include ABB Group, Buchi Labortechnik AG, Danaher Corporation, Shimadzu Corporation, and Sartorius AG

• The prominent strategies followed by large market players include signing partnerships or distribution agreements and mergers & acquisitions along with enriching their portfolios by involving in intense R&D practices.

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Research Methodology
                 1.2 Research Scope & Assumptions
                 1.3 List of Data Sources

Chapter 2 Executive Summary
                 2.1 Process Spectroscopy - Industry Snapshot & Key Buying Criteria, 2014 - 2025
                 2.2 Process Spectroscopy Market - Shipment Analysis, 2014 - 2025
                 2.3 Process Spectroscopy Market - Revenue Analysis, 2014 - 2025
                     2.3.1 Process spectroscopy market by technology, 2014 - 2025
                     2.3.2 Process spectroscopy market by application, 2014 - 2025
                     2.3.3 Process spectroscopy market by component, 2014 - 2025
                     2.3.4 Process spectroscopy market by region, 2014 - 2025

Chapter 3 Process Spectroscopy Industry Outlook
                 3.1 Market segmentation
                     3.1.1 Molecular Spectroscopy
                         3.1.1.1 NIR spectroscopy
                         3.1.1.2 FT-IR spectroscopy
                         3.1.1.3 Raman spectroscopy
                         3.1.1.4 NMR spectroscopy
                         3.1.1.5 Others
                     3.1.2 Atomic Spectroscopy
                     3.1.3 Mass Spectroscopy
                 3.2 Process Spectroscopy - Market Size and Growth Prospects
                 3.3 Process Spectroscopy - Value Chain Analysis
                 3.4 Process Spectroscopy Market Dynamics
                     3.4.1 Market driver analysis
                         3.4.1.1 Increasing application of mass spectrometry in Drug Discovery and Development (DDD)
                         3.4.1.2 PAT initiative by FDA and growing focus on matching international quality standards such as ISO and Six Sigma
                         3.4.1.3 Increasing application of NIR spectroscopy in energy sector
                         3.4.1.4 Growing demand for water & wastewater treatment
                     3.4.2 Market restraint analysis
                         3.4.2.1 Requirement of high capital investment
                     3.4.3 Market opportunities analysis
                         3.4.3.1 Growing demand for process analyzers in emerging markets
                 3.5 Industry Analysis - Porter’s
                 3.6 Penetration & Growth Prospect Mapping
                 3.7 Key Company analysis - 2017
                     3.7.1 Key company analysis, 2017
                 3.8 Process Spectroscopy - PESTEL Analysis

Chapter 4 Process Spectroscopy: Technology Estimates & Trend Analysis
                 4.1 Process Spectroscopy Market: Technology Movement Analysis
                     4.1.1 Molecular Spectroscopy
                         4.1.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                         4.1.1.2. NIR Spectroscopy market estimates and forecasts, 2014 - 2025 (USD Billion)
                         4.1.1.3. FT-IR Spectroscopy market estimates and forecasts, 2014 - 2025 (USD Billion)
                         4.1.1.4. Raman Spectroscopy market estimates and forecasts, 2014 - 2025 (USD Billion)
                         4.1.1.5. NMR Spectroscopy market estimates and forecasts, 2014 - 2025 (USD Billion)
                         4.1.1.6. Others Spectroscopy market estimates and forecasts, 2014 - 2025 (USD Billion)
                     4.1.2 Mass Spectroscopy
                         4.1.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     4.1.3 Atomic Spectroscopy
                         4.1.3.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)

Chapter 5 Process Spectroscopy: Application Estimates & Trend Analysis
                 5.1 Process Spectroscopy Market: Application Movement Analysis
                     5.1.1 Polymer
                         5.1.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.2 Oil & Gas
                         5.1.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.3 Pharmaceutical
                         5.1.3.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.4 Food & agriculture
                         5.1.4.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.5 Chemical
                         5.1.5.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.6 Water & Wastewater Management
                         5.1.6.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.7 Pulp & Paper
                         5.1.7.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.8 Metal & Mining
                         5.1.8.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     5.1.9 Others
                         5.1.9.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)

Chapter 6 Process Spectroscopy: Component Estimates & Trend Analysis
                 6.1 Process Spectroscopy Market: Component Movement Analysis
                     6.1.1 Hardware
                         6.1.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     6.1.2 Software
                         6.1.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)

Chapter 7 Process Spectroscopy: Regional Estimates & Trend Analysis
                 7.1 Process Spectroscopy market share by region, 2017 & 2025
                 7.2 North America
                     7.2.1 U.S.
                         7.2.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.2.2 Canada
                         7.2.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.2.3 Mexico
                         7.2.3.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.3 Europe
                     7.3.1 U.K.
                         7.3.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.3.2 Germany
                         7.3.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.4 Asia Pacific
                     7.4.1 China
                         7.4.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.4.2 Japan
                         7.4.2.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                     7.4.3 India
                         7.4.3.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.5 South America
                     7.5.1 Brazil
                         7.5.1.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)
                 7.6 Middle East & Africa
                     7.6.1. Market estimates and forecasts, 2014 - 2025 (USD Billion)

Chapter 8 Competitive Landscape
                 8.1 Company Profiles
                 8.2 ABB Group
                     8.2.1 Company overview
                     8.2.2 Financial performance
                     8.2.3 Product benchmarking
                     8.2.4 Recent developments
                 8.3 Agilent Technologies
                     8.3.1 Company overview
                     8.3.2 Financial performance
                     8.3.3 Product benchmarking
                     8.3.4 Recent developments
                 8.4 BrU.K.er Corporation
                     8.4.1 Company overview
                     8.4.2 Financial performance
                     8.4.3 Product benchmarking
                     8.4.4 Recent developments
                 8.5 Buchi Labortechnik AG
                     8.5.1 Company overview
                     8.5.2 Product benchmarking
                     8.5.3 Recent developments
                 8.6 Danaher Corporation
                     8.6.1 Company overview
                     8.6.2 Financial performance
                     8.6.3 Product benchmarking
                     8.6.4 Recent developments
                 8.7 Foss
                     8.7.1 Company overview
                     8.7.2 Product benchmarking
                 8.8 HORIBA, Ltd.
                     8.8.1 Company overview
                     8.8.2 Financial performance
                     8.8.3 Product benchmarking
                     8.8.4 Recent developments
                 8.9 Kaiser Optical Systems, Inc.
                     8.9.1 Company Overview
                     8.9.2 Product benchmarking
                     8.9.3 Recent Developments
                 8.10 Kett Electric Laboratory
                     8.10.1 Company overview
                     8.10.2 Product benchmarking
                     8.10.3 Recent developments
                 8.11 Sartorius AG
                     8.11.1 Company overview
                     8.11.2 Financial performance
                     8.11.3 Product benchmarking
                     8.11.4 Recent developments
                 8.12 Shimadzu Corporation
                     8.12.1 Company overview
                     8.12.2 Financial performance
                     8.12.3 Product benchmarking
                     8.12.4 Recent developments
                 8.13 Thermo Fisher Scientific, Inc.
                     8.13.1 Company overview
                     8.13.2 Financial performance
                     8.13.3 Product benchmarking
                     8.13.4 Recent developments
                 8.14 Yokogawa Electric Corporation
                     8.14.1 Company overview
                     8.14.2 Financial performance
                     8.14.3 Product benchmarking
                     8.14.4 Recent developments

List of Tables

TABLE 1 Process Spectroscopy - Industry Snapshot & Key Buying Criteria, 2014 - 2025
TABLE 2 Global process spectroscopy market, by revenue, 2014 - 2025 (USD Billion)
TABLE 3 Global process spectroscopy market, by volume, 2014 - 2025 (Thousand Units)
TABLE 4 Global process spectroscopy market estimates and forecasts by technology, 2014 - 2025 (USD Billion)
TABLE 5 Global molecular spectroscopy market estimates and forecasts by technology, 2014 - 2025 (USD Billion)
TABLE 6 Global process spectroscopy market estimates and forecasts by application, 2014 - 2025 (USD Billion)
TABLE 7 Global process spectroscopy market estimates and forecasts by component, 2014 - 2025 (USD Billion)
TABLE 8 Comparison of Raman and NIR spectroscopy
TABLE 9 Global molecular spectroscopy market by region, 2014 - 2025 (USD Billion)
TABLE 10 Global mass spectroscopy market by region, 2014 - 2025 (USD Billion)
TABLE 11 Global atomic spectroscopy market by region, 2014 - 2025 (USD Billion)
TABLE 12 Global polymer market by region, 2014 - 2025 (USD Billion)
TABLE 13 Global oil & gas market by region, 2014 - 2025 (USD Billion)
TABLE 14 Global pharmaceutical market by region, 2014 - 2025 (USD Billion)
TABLE 15 Global food & agriculture market by region, 2014 - 2025 (USD Billion)
TABLE 16 Global chemical market by region, 2014 - 2025 (USD Billion)
TABLE 17 Global water & wastewater management market by region, 2014 - 2025 (USD Billion)
TABLE 18 Global pulp & paper market by region, 2014 - 2025 (USD Billion)
TABLE 19 Global metal & mining market by region, 2014 - 2025 (USD Billion)
TABLE 20 Global others market by region, 2014 - 2025 (USD Billion)
TABLE 21 Global hardware market by region, 2014 - 2025 (USD Billion)
TABLE 22 Global software market by region, 2014 - 2025 (USD Billion)
TABLE 23 North America process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 24 North America molecular spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 25 North America process spectroscopy market by application, 2014 - 2025 (USD Billion)
TABLE 26 North America process spectroscopy market by component, 2014 - 2025 (USD Billion)
TABLE 27 U.S. process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 28 U.S. process spectroscopy market by application, 2014 - 2025 (USD Billion)
TABLE 29 U.S. component market by component, 2014 - 2025 (USD Billion)
TABLE 30 Canada Process Spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 31 Canada process spectroscopy market by application, 2014 - 2025 (USD Billion)
TABLE 32 Canada component market by component, 2014 - 2025 (USD Billion)
TABLE 33 Mexico process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 34 Mexico process spectroscopy market by application, 2014 - 2025 (USD Billion)
TABLE 35 Mexico component market by component, 2014 - 2025 (USD Billion)
TABLE 36 Europe process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 37 Europe molecular spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 38 Europe process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 39 Europe component market by component, 2014 - 2025 (USD Billion)
TABLE 40 U.K. process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 41 U.K. process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 42 U.K. component market by component, 2014 - 2025 (USD Billion)
TABLE 43 Germany Process Spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 44 Germany process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 45 Germany component market by component, 2014 - 2025 (USD Billion)
TABLE 46 APAC process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 47 APAC molecular spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 48 APAC process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 49 APAC component market by component, 2014 - 2025 (USD Billion)
TABLE 50 China process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 51 China process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 52 China component market by component, 2014 - 2025 (USD Billion)
TABLE 53 Japan process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 54 Japan process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 55 Japan component market by component, 2014 - 2025 (USD Billion)
TABLE 56 India process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 57 India process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 58 India component market by component, 2014 - 2025 (USD Billion)
TABLE 59 South America process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 60 South America molecular spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 61 South America process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 62 South America component market by component, 2014 - 2025 (USD Billion)
TABLE 63 Brazil process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 64 Brazil process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 65 Brazil component market by component, 2014 - 2025 (USD Billion)
TABLE 66 MEA process spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 67 MEA molecular spectroscopy market by technology, 2014 - 2025 (USD Billion)
TABLE 68 MEA process spectroscopy market by applications, 2014 - 2025 (USD Billion)
TABLE 69 MEA component market by component, 2014 - 2025 (USD Billion)

List of Figures

FIG. 1 Market segmentation and scope
FIG. 2 Process spectroscopy market size and growth prospects
FIG. 3 Process spectroscopy - Value chain analysis
FIG. 4 Process Spectroscopy Market dynamics
FIG. 5 Porter’s five forces analysis
FIG. 6 Penetration & growth prospect mapping
FIG. 7 Process spectroscopy market - PESTEL Analysis
FIG. 8 Process spectroscopy market: Technology movement analysis
FIG. 9 Process spectroscopy market: Application movement analysis
FIG. 10 Process spectroscopy market: Component movement analysis
FIG. 11 Regional marketplace - Key takeaways
FIG. 12 Regional outlook, 2017 & 2025