Particle Size Analysis Market Share, Size, Trends, Industry Analysis Report, By End-Use (Pharmaceutical Companies, Biotechnology Companies, CROs, Referral Laboratories, Academic Institutions); By Technology; By Dispersion; By Industry; By Region; Segment Forecast, 2022 - 2030
- Published Date:Feb-2022
- Pages: 115
- Format: PDF
- Report ID: PM2264
- Base Year: 2021
- Historical Data: 2018 - 2020
Report Outlook
The global particle size analysis market was valued at USD 372.99 million in 2021 and is expected to grow at a CAGR of 5.6% during the forecast period. It is a lab technique or a technical procedure that helps in determining the mean size or size range of the particle in a liquid or powder sample. Initially, the applications were used in R&D facilities because it is required to analyze and determine the particle’s sizing as it affects the material’s functioning.
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However, with the advancement of technology, this is being used in real-time environments for quality control purposes. The rising R&D activities in the nanotechnology domain, adoption of nanotechnology globally, growing investments in pharmaceutical R&D, and rising demand for these analyzers from various end-user industries are anticipated to drive the growth of the industry.
The rising developments by major players are projected to present huge industry growth opportunities. For instance, in March 2020, ATS Scientific partnered with Microtrac MRB, as their Canadian distributor & service provider. The SYNC laser diffraction system is expected to be incorporated in the ATS Scientific Technology Centre.
From region to region, there is a considerable impact on the demand for particle size analysis market on account of the considerable effect that the pandemic had on the purchasing power of the buyers and the global economy. The onset of the COVID-19 reflects the downfall of the demand owing to the unprecedented restrictions on movement along with the disruptions in personal and business activities. The disruption in the supply chain, lockdown measures, and limited consumer and corporate spending is anticipated to hamper the industry development.
The pandemic spread had a negative impact on the end-users, thus affecting the growth of the industry directly. However, the particle size analysis market demand is projected to bounce back in the forecasting years as the governments across nations are uplifting lockdown restrictions and the economy is booming up again. Additionally, the rising investments across the pharmaceutical sector on account of the virus spread are anticipated to present huge growth opportunities.
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Industry Dynamics
Growth Drivers
The primary factor driving the growth of the industry is the rising number of research activities in the nanotechnology field. As particle size analyzers play a crucial role in nanoparticle analysis, the growing nanotechnology research and the progressive adoption of the technology globally are anticipated to drive the industry's growth. Additionally, the rising number of conferences & events aimed at increasing awareness regarding nanoparticle characterization techniques is expected to offer huge growth opportunities.
Further, the rising demand for these devices from end-user industries such as food & beverage, healthcare, and others is expected to drive the growth of the market. The growing number of commercial labs and the increasing investments in various clinical trials are anticipated to boost the global demand.
Moreover, the growing demand for carbon fiber components across various industries for their better strength lower weight than steel & aluminum is expected to drive the market's growth. As the particle size analyzers play a crucial role in the manufacturing of carbon fiber components.
Report Segmentation
The market is primarily segmented on the basis of technology, dispersion, industry, end-use, and region.
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By Technology |
By Dispersion |
By Industry |
By End-Use |
By Region |
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Insight by Industry
The food & beverage segment is recorded to hold the larger share in 2021 and is expected to lead the industry in the forecasting years. The particle size analysis is required to measure the sizing of emulsions, dispersions, and powders from millimeters to nanometers. The analysis of the products in this segment manages their packing density, product appearance, texture, reaction rate, dissolution rate, and much more.
Various analysis technologies, such as laser diffraction and image analysis, are applied in the food & beverage segment. This large application of analysis across the food & beverage industry is anticipated to boost the growth of the segment. The increasing demand for quality control in the food & beverage industry is anticipated to offer lucrative industry growth opportunities.
The healthcare industry segment is projected to show the fastest growth rate in the forecasting years. The fast growth of the segment can be attributed to the rising R&D spending by pharmaceutical companies globally. The unmet needs of the patients for the treatment of various diseases are stimulating the R&D activities in the pharmaceutical industry. The growing government support for various drug developments and the rising number of biotechnology companies is projected to boost the segment's growth.
Geographic Overview
Geographically, North America is anticipated to dominate the particle size market in 2021. This huge market share of the region can be attributed to the largest & earliest adoption of analysis technologies along with their industrial applications. Further, the growing focus on the development of highly sensitive analysis devices is anticipated to boost the market growth. Nowadays, the federal government is granting companies & academic institutions to development of these highly sensitive analysis devices.
The rising R&D investments in nanotechnology are expected to present huge market growth opportunities. The U.S., followed by Canada, has the largest number of nanotechnology patents. Additionally, the rising acceptance of nanoparticle tracking analysis for the size measurement and concentration of drug delivery nanoparticles is promoting various vendors to improve their investments in this technology. The presence of supporting government rules is enabling the chemical companies in the region to improve & expand their facilities; thus, the growth of the chemical industry in the region is expected to boost the demand for the particle size analysis market.
Moreover, the Asia Pacific market is anticipated to exhibit a progressive CAGR over the forecasting years. Developing nations such as India, China, and Japan are offering huge growth opportunities for the players operating in the market. Further, the presence of a large customer base across the region is anticipated to drive market growth. The rising awareness regarding nanotechnology, along with the gradual movement of pharmaceutical R&D facilities to the Asian region from the developed market, is propelling the region's market growth.
Competitive Insight
Some of the major players operating in the global market include Anton Paar GmbH, Beckman Coulter, Inc., Bettersize Instruments Ltd., Brookhaven Instruments, Fritsch GmbH, Horiba, LS Instruments, Malvern Panalytical Ltd., Mettler Toledo, Micromeritics Instrument Corporation, Microtrac Retsch GmbH, Shimadzu Corporation, and TSI.
Particle Size Analysis Market Report Scope
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Report Attributes |
Details |
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Market size value in 2021 |
USD 372.99 million |
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Revenue forecast in 2030 |
USD 609.06 million |
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CAGR |
5.6% from 2022 - 2030 |
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Base year |
2021 |
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Historical data |
2018 - 2020 |
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Forecast period |
2022 - 2030 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2022 to 2030 |
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Segments covered |
By Technology, By Dispersion, By Industry, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Key companies |
Anton Paar GmbH, Beckman Coulter, Inc., Bettersize Instruments Ltd., Brookhaven Instruments, Fritsch GmbH, Horiba, LS Instruments, Malvern Panalytical Ltd., Mettler Toledo, Micromeritics Instrument Corporation, Microtrac Retsch GmbH, Shimadzu Corporation, and TSI. |
