Process Spectroscopy Market Outlook & Regional Growth Analysis by 2025
Date: 2020-03-03   Author: Ronak Bora  Category: #news

Process Spectroscopy Market Outlook & Regional Growth Analysis by 2025

The global process spectroscopy market has experienced a tremendous growth in its market valuation with the increasing adoption of Raman spectroscopy in food & agriculture and pharmaceutical industry. Raman spectroscopy is becoming a viable industrial technique as this technology is non-destructive and non-contacting. The pharmaceutical industry is a convincing example where this technology is highly used in the analysis of salt forms & polymorphs. The global process spectroscopy industry is witnessing a major spur from the Raman spectroscopy technique, which is progressing rapidly attributed to its wide spectrum of advantages. This technology is eventually to become the most popular analytical measurement tool for pharmaceutical applications ranging from the verification of raw materials to the quality check of the product and to synthesis of new drug.

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The NIR technology-based process spectroscopy market accounted more than 60% of the overall industry share in 2015. Rising application of this technology in food industry, polymer, oil & gas, and pharmaceuticals industries is likely to produce high avenues for process spectroscopy industry. This technology is also used in chemical industry for plastic identification. Over the time span of coming seven years, the NIR technology is expected to be the largest technology segment.

Regional Insights: -

Global process spectroscopy market is segmented into various geographical locations like MEA, North America, Latin America, Europe and Asia Pacific.

Presence of major industry players and strict quality standards in food & agriculture sector, pharmaceuticals sector and healthcare sector is predicted to drive U.S. process spectroscopy industry growth.

Process analytical technology is a technique that plans, examines and controls production by determining parameters which affect critical value attributes. Food and Drug Administration framed process analytical technology framework to assure outstanding performance. All this has resulted in growing acceptance of the framework by many pharmaceutical firms in U.S. Due to this, U.S. process spectroscopy market is predicted to experience great impact of the framework in future.

APAC process spectroscopy market is predicted to register CAGR of about 8.1% in revenue terms during forecast timeline. Industry players are growingly relocating their research & development units as well as production units in the region due to low costs of labor and resources. All these factors are projected to contribute towards regional industry growth.

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Competitive Insights: -

Major industry participants profiled in the report include Yokogawa Electric Corporation, ABB Limited, Horiba Limited,Bruker Corporation, Danaher Corporation, Agilent Technologies Incorporation, Sartorius AG, Buchi Labortechnik AG, Foss A/S, Kett Electric Laboratory, Shimadzu Corporation and Thermo Fisher Scientific Incorporation.

 Glimpse of Table of Content (ToC):  -

Chapter 4    Process Spectroscopy Technology Insights

4.1    Process Spectroscopy market share by technology, 2015 & 2024

4.2    NIR

4.2.1    Market estimates and forecasts by region, 2013 - 2024

4.3    FT-IR

4.3.1    Market estimates and forecasts by region, 2013 - 2024

4.4    Raman

4.4.1    Market estimates and forecasts by region, 2013 - 2024

Chapter 5    Process Spectroscopy Application Insights

5.1    Process Spectroscopy market share by application, 2015 & 2024

5.2    Polymer

5.2.1    Market estimates and forecasts by region, 2013 - 2024

5.3    Oil & gas

5.3.1    Market estimates and forecasts by region, 2013 – 2024

5.4    Pharmaceutical

5.4.1    Market estimates and forecasts by region, 2013 - 2024

5.5    Food & agriculture

5.5.1    Market estimates and forecasts by region, 2013 - 2024

5.6    Chemical

5.6.1    Market estimates and forecasts by region, 2013 – 2024

5.7    Others

5.7.1    Market estimates and forecasts by region, 2013 - 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/process-spectroscopy-market

 



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Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for algosonline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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