Laboratory Chemicals Market Growth Analysis | 2023-2028

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.

Want to know more about the market scope? Register Here

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.

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.

Know the high-growth countries in this report. Register Here

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)

Click Here, to know the market segmentation details.

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?

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.