Market Insights
The Laboratory Chemicals Market is likely to grow with a healthy CAGR of 4.5% over the next five years.
What are laboratory chemicals?
Laboratory chemicals are the substances used for performing experimental procedures or to develop drugs or other chemicals. It must maintain its purity to be used in chemical analysis, chemical reactions, or physical testing.
Laboratory chemicals can be broadly classified on the basis of their hazard class which are flammables, oxidizers, corrosives (acidic or bases), highly reactive, extremely toxic, and low hazard.
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Market Dynamics
The rising trend for wastewater treatment and sewage water treatment plants in developing economies coupled with advancements in laboratory chemicals is likely to boost its demand over the next five years.
Laboratory Chemicals Market Highlights
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Market Growth (2023-2028)
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4.5% CAGR
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Base Year of Study
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2022
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Trend Period
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2017-2021
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Forecast Period
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2023-2028
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Segments Covered
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By Product Type (Molecular Biology, Cytokine and Chemokine Testing, Carbohydrate Analysis, Immunochemistry, Cell/Tissue Culture, Environmental Testing, Biochemistry, and Others),
By Application Type (Industrial, Education, Government, and Healthcare),
By Region (North America, Europe, Asia-Pacific, and Rest of the World).
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Segments' Analysis
By Application Type
Based on the application type, the laboratory chemicals market is segmented as industrial, education, government, and healthcare. The industrial segment is likely to remain the largest application of the market during the forecast period, owing to the wider usage of chemicals for industrial processes, such as bromination, acid chloride preparations, carboxylation, ion-exchange reactions, cryogenic reactions, and nitration.
Regional Insights
In terms of regions, Europe to maintain its supremacy in the market during the forecast period, with Italy being the key growth engine of the region’s market. Asia-Pacific is expected to be the fastest-growing market over the next five years, propelled by China and India. China is one of the largest markets for the chemical industry in the world.
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Market Segmentation
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The laboratory chemicals market is segmented into the following categories.
By Product Type
- Molecular Biology
- Cytokine and Chemokine Testing
- Carbohydrate Analysis
- Immunochemistry
- Cell/Tissue Culture
- Environmental Testing
- Biochemistry
- Others
By Application Type
- Industrial
- Education
- Government
- Healthcare
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Italy, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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Key Players
Some of the major laboratory chemicals manufacturers are-
- Avantor, Inc.
- Becton
- Dickinson and Company
- Beckman Coulter Inc.
- BiosYnth S.r.l.
- CARLO ERBA Reagents S.r.l.
- GE Healthcare
- PanReac AppliChem
- Merck KGaA
- Meridian Life Science, Inc.
- MORPHISTO GmbH
Research Methodology
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
What Deliverables Will You Get in this Report?
Key questions this report answers
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Relevant contents in the report
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How big is the sales opportunity?
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In-depth Analysis of the Laboratory Chemicals Market
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How lucrative is the future?
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Market forecast and trend data and emerging trends
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Which regions offer the best sales opportunities?
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Global, regional, and country-level historical data and forecasts
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Which are the most attractive market segments?
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Market Segment Analysis and Forecast
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Which are the top players and their market positioning?
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Competitive landscape analysis, Market share analysis
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How complex is the business environment?
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Porter’s five forces analysis, PEST analysis, Life cycle analysis
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What are the factors affecting the market?
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Drivers & challenges
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Will I get the information on my specific requirements?
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10% free customization
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Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the product types by application type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.