The global Particle Size Analysis Market is predicted to reach USD 400 million in 2024 and USD 680 million by 2032, growing at a CAGR of 6.8% during the forecast period.
The market for analysis of particle size is majorly driven by the increase in the application of nanotechnology in different sectors of industrial end-users, especially in healthcare. Also, the comprehensive research centers across the globe add to the growth of the market for particle size analysis.
However, the concerns related to the environmental damage caused by the manufacturing units across the world and the cost related restraints may negatively affect the growth of the market. Also, the market concentration in the Asia Pacific, Europe, and North Amerian regions may restrain market expansion.
REPORT METRIC |
DETAILS |
Market Size Available |
2023 to 2032 |
Base Year |
2023 |
Forecast Period |
2024 to 2032 |
CAGR |
6.8% |
Segments Covered |
By Technology, Dispersion, Industry, and Region |
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
Market Leaders Profiled |
Shimadzu Corporation, Micromeritics Inst. Corp., HORIBA, Ltd., Sympatec GmbH, CILAS, Brookhaven Instruments Corporation, Beckman Coulter Inc., Agilent Technologies Inc., Bettersize Instruments, Inc., TSI Corporation, Malvern Instruments Limited, IZON Science, FRITSCH, AimSizer Scientific Ltd., Microtrac Inc. among Others. |
Among the mentioned technologies, the market is dominated by the laser diffraction segment in 2018 and is anticipated to grow at the fastest pace when compared to other segments in the technology segmentation. The wide dynamic measurement range is a significant feature that is the reason for these segments' projected growth in the forecast period.
As of 2018, the wet dispersion segment accounted for the highest market share and growth in the market for particle size analysis. This trend is anticipated to continue in the forecast, as mentioned earlier, from 2018 to 2023. The increased applications of nanoparticles are the main reason for this wet segment to drive the growth of the market.
Of the mentioned industries, healthcare is the largest in terms of value and volume. The scope of increase in the application of nanotechnology in the healthcare industry is a significant driver of the market in this sector.
North America Particle Size Analysis Market leads globally in terms of both value and volume as of 2019. The situation of all the market key players in this region is the main reason for its leading market position. However, this region is only the second-fastest growing in the world, following the Asia Pacific region.
Asia Pacific Particle Size Analysis Market has the second largest market share in 2019 in terms of value and volume. This region is expected to be the fastest-growing regional particle size analysis market owing to the future opportunities offered in this region and the interest shown by the leading key companies in the Asia Pacific region, mainly India, China, and Japan, which is the cause for such growth rate. The regional advantages offered by this region, such as ease of setup, cheap resources, and a large number of skilled populations, are significant reasons for this region’s advancement in the market.
Europe Particle Size Analysis Market is next in the lead in the market for the Particle Size Analysis market in the year 2018. The presence of a considerable customer base in and around this region is helping the growth of the particle size analysis market in Europe. Also, the technological supremacy of Europe and North America over the rest of the world is the necessary condition that facilitates their development in this emerging field, creating eye-catching performance in the market.
On the other hand, the Middle East & Africa, and Latin America regions, being low-developing countries due to the contribution of low-GDP countries, have fewer opportunities for market growth. Hence, the Particle Size Analysis Market grows at a slow pace in these regions.
The major companies operating in the global particle size analysis market include Shimadzu Corporation (Japan), Micromeritics Inst. Corp. (US), HORIBA, Ltd. (Japan), Sympatec GmbH (Germany), CILAS (France), Brookhaven Instruments Corporation (US), Beckman Coulter, Inc. (the US), Agilent Technologies, Inc. (the US), Bettersize Instruments, Inc. (China), TSI Corporation (US), Malvern Instruments Limited (UK), IZON Science (New Zealand), FRITSCH (Germany), AimSizer Scientific Ltd. (China), and Microtrac, Inc. (US) are the leading shareholders of the market for Particle Size Analysis.
The latest version of the Litesizer series, the Litesizer 500, has user-friendly software that can perform dynamic, static, and electrophoretic light scattering along with finding a refractive index of the particles under study.
By Technology
By Dispersion
By Industry
By Region
Frequently Asked Questions
Stringent regulatory requirements, especially in industries such as pharmaceuticals and food & beverages, are driving the adoption of Particle Size Analysis techniques to ensure product quality and compliance with standards, thereby fueling market growth.
The integration of artificial intelligence (AI) and machine learning (ML) algorithms into Particle Size Analysis instruments for data analysis, the development of portable and user-friendly devices, and the increasing adoption of nanotechnology are some emerging trends in the global Particle Size Analysis market.
Particle Size Analysis is crucial in pharmaceutical formulation development, quality control, and ensuring bioavailability of drugs, thus driving its demand within the pharmaceutical industry globally.
In developing regions, limited awareness about advanced analytical techniques, inadequate infrastructure, and budget constraints among small and medium-sized enterprises pose challenges to the adoption of Particle Size Analysis technologies.
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