Laboratory Chemicals Market Growth Analysis | 2024-2030

Laboratory Chemicals Market Growth Analysis | 2024-2030

Laboratory Chemicals Market Growth Analysis | 2024-2030
Report code - SRAM461 Delivery - 2 Weeks
Laboratory Chemicals Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis See more...

Market Insights

The laboratory chemicals market was estimated at USD 27 billion in 2023 and is likely to grow at a CAGR of 4.43% during 2024-2030 to reach USD 36.67 billion in 2030.

Laboratory-Chemicals-Market-Insights

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Market Dynamics

Introduction

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.

Market Drivers

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 six years.

Laboratory-Chemicals-Market-Dynamics

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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

Note: The above list does not necessarily include all the top players in the market.

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Segment Analysis

Segmentations

List of Sub-Segments

Segments with High Growth Opportunity

Application Type Analysis

Industrial, Education, Government, and Healthcare

The industrial segment is likely to remain the largest application of the market during the forecast period.

Regional Analysis

North America, Europe, Asia-Pacific, and Rest of the World

Europe to maintain its supremacy in the market during the forecast period.

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.

Laboratory-Chemicals-Market-Regional-Insights

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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 market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis.
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
  • Market trend and forecast analysis.
  • Market segment trend and forecast.
  • Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
  • COVID-19 impact and its recovery curve
  • Attractive market segments and associated growth opportunities.
  • Emerging trends.
  • Strategic growth opportunities for the existing and new players.
  • Key success factors.

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)

Laboratory-Chemicals-Market-Segmentation

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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.

Frequently Asked Questions (FAQs)

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.

The laboratory chemicals market was estimated at USD 27 billion in 2023.

The laboratory chemicals market is likely to reach USD 36.67 billion in 2030.

The laboratory chemicals market is likely to grow at a CAGR of 4.43% during 2024-2030.

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., and MORPHISTO GmbH are among the top players in the market.

Asia-Pacific is expected to be the fastest-growing market during the next five years.

The industrial segment is expected to remain the largest application type in the market in the coming years.

The rising trend for wastewater treatment and sewage water treatment plants in developing economies coupled with advancements in laboratory chemicals is the factor driving the growth of the market.

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