Market Overview:
The global benchtop color spectrophotometer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for benchtop color spectrophotometers from research institutes, chemical industry, pharmaceutical industry, biochemical industry and food industry. Additionally, the growing awareness about quality control and product safety is also propelling the demand for benchtop color spectrophotometers across different industries. Based on type, the global Benchtop Double-Beam Color Spectrophotometer segment is projected to account for a major share of the market during the forecast period. This can be attributed to its ability to provide accurate results with high precision levels as compared to other types of Benchtop Color Spectrophotometers available in the market.
Product Definition:
A benchtop color spectrophotometer is a device used to measure the color of objects. It can be used to compare colors or to measure the amount of light that is absorbed or reflected by a material. Benchtop color spectrophotometers are important for quality control in manufacturing, for example, they can be used to make sure colors on products are consistent.
Benchtop Double-Beam Color Spectrophotometer:
Benchtop double-beam color spectrophotometer is a device used to measure the intensity of various colors. It's working principle is based on the interference between two beams which are passed through a sample and then back to the detector. The longer wavelength light beam travels faster than shorter wavelength light, so it creates an optical path difference in the sample leading to different times at which wave crests arrive at the detector.
Benchtop Single-Beam Color Spectrophotometer:
A benchtop single-beam color spectrophotometer is a device used to measure the light intensity of different colors. It's major applications are in the textile industry, paper & pulp industry and food processing industries.
The demand for these devices is increasing due to their ability to provide accurate results at a faster speed as compared to other conventional methods such as manual measurement or electronic nose.
Application Insights:
The research segment dominated the global market in terms of revenue share in 2017. The growth can be attributed to the increasing government funding for research and development activities across the globe. For instance, as per the statistics published by Research Council of Norway, an increase of USD 8 billion has been invested by Norwegian Government in science and technology related activities from 2014 to 2018 which is a major contributor towards product demand globally.
Benchtop color spectrophotometers are used extensively across various industries such as pharmaceuticals, food processing & inspection, biochemistry laboratories etc., for process control and quality assessment purposes. They are also used for material characterization during manufacturing processes such as compounding pharmacies or custom compound pharmacies (UPS). These devices provide results within seconds that enable proper process control leading to enhanced productivity which eventually boosts industry growth worldwide.
Furthermore, these devices aid in efficient management of production workflow thereby enhancing overall plant efficiency resulting in increased profitability margins over time contributing significantly towards industry expansion over the forecast period frame.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of players operating in U.S., which has led to high product penetration and availability at competitive prices. Moreover, increasing research & development activities and technological advancements are expected to drive demand for spectrophotometers over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to rising demand from various end-use industries such as pharmaceuticals, biotechnology, food science & technology, forensics & crime analysis laboratories for accurate measurement results with high efficiency light sources used in these devices. In addition, growing awareness among researchers regarding advanced technologies is also expected fuel regional product demand during the forecast period (2018 - 2030).
The European market held a significant share in terms of revenue generation owing its well-established chemical industry base coupled with flourishing life sciences sector present across Germany Italy France Spain Russia UK Turkey Ukraine Greece.
Growth Factors:
- Increasing demand for quality control and assurance in various industries
- Technological advancements in spectrophotometer technology
- Growing awareness about the benefits of using benchtop color spectrophotometers
- Rising demand from small- and medium-sized businesses
- Increasing research and development spending by pharmaceutical and biotechnology companies
Scope Of The Report
Report Attributes
Report Details
Report Title
Benchtop Color Spectrophotometer Market Research Report
By Type
Benchtop Double-Beam Color Spectrophotometer, Benchtop Single-Beam Color Spectrophotometer, Others
By Application
Research, Chemical industry, Pharmaceutical industry, Biochemical industry, Food Industry, Others
By Companies
3Color, AQUALYTIC, ColorLite GmbH, Datacolor, Eppendorf, Konica Minolta Sensing Americas, Inc., Mettler Toledo, PerkinElmer, SmartVision S.r.l., Tintometer Limited, X-Rite Inc., Hangzhou CHNSpec Technology Co, Shenzhen ThreeNH Technology Co
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Benchtop Color Spectrophotometer Market Report Segments:
The global Benchtop Color Spectrophotometer market is segmented on the basis of:
Types
Benchtop Double-Beam Color Spectrophotometer, Benchtop Single-Beam Color Spectrophotometer, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Research, Chemical industry, Pharmaceutical industry, Biochemical industry, Food Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3Color
- AQUALYTIC
- ColorLite GmbH
- Datacolor
- Eppendorf
- Konica Minolta Sensing Americas, Inc.
- Mettler Toledo
- PerkinElmer
- SmartVision S.r.l.
- Tintometer Limited
- X-Rite Inc.
- Hangzhou CHNSpec Technology Co
- Shenzhen ThreeNH Technology Co
Highlights of The Benchtop Color Spectrophotometer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Benchtop Double-Beam Color Spectrophotometer
- Benchtop Single-Beam Color Spectrophotometer
- Others
- By Application:
- Research
- Chemical industry
- Pharmaceutical industry
- Biochemical industry
- Food Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Benchtop Color Spectrophotometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A benchtop color spectrophotometer is a device that measures the color of an object. It uses light to break down the colors of objects and measure their wavelength. This information can then be used to determine the object's color.
Some of the key players operating in the benchtop color spectrophotometer market are 3Color, AQUALYTIC, ColorLite GmbH, Datacolor, Eppendorf, Konica Minolta Sensing Americas, Inc., Mettler Toledo, PerkinElmer, SmartVision S.r.l., Tintometer Limited, X-Rite Inc., Hangzhou CHNSpec Technology Co, Shenzhen ThreeNH Technology Co.
The benchtop color spectrophotometer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Benchtop Color Spectrophotometer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Benchtop Color Spectrophotometer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Benchtop Color Spectrophotometer Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Benchtop Color Spectrophotometer Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Benchtop Color Spectrophotometer Market Size & Forecast, 2020-2028
4.5.1 Benchtop Color Spectrophotometer Market Size and Y-o-Y Growth
4.5.2 Benchtop Color Spectrophotometer Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Benchtop Double-Beam Color Spectrophotometer
5.2.2 Benchtop Single-Beam Color Spectrophotometer
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Research
6.2.2 Chemical industry
6.2.3 Pharmaceutical industry
6.2.4 Biochemical industry
6.2.5 Food Industry
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Benchtop Color Spectrophotometer Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Benchtop Color Spectrophotometer Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Benchtop Double-Beam Color Spectrophotometer
9.6.2 Benchtop Single-Beam Color Spectrophotometer
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Research
9.10.2 Chemical industry
9.10.3 Pharmaceutical industry
9.10.4 Biochemical industry
9.10.5 Food Industry
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Benchtop Double-Beam Color Spectrophotometer
10.6.2 Benchtop Single-Beam Color Spectrophotometer
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Research
10.10.2 Chemical industry
10.10.3 Pharmaceutical industry
10.10.4 Biochemical industry
10.10.5 Food Industry
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Benchtop Double-Beam Color Spectrophotometer
11.6.2 Benchtop Single-Beam Color Spectrophotometer
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Research
11.10.2 Chemical industry
11.10.3 Pharmaceutical industry
11.10.4 Biochemical industry
11.10.5 Food Industry
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Benchtop Double-Beam Color Spectrophotometer
12.6.2 Benchtop Single-Beam Color Spectrophotometer
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Research
12.10.2 Chemical industry
12.10.3 Pharmaceutical industry
12.10.4 Biochemical industry
12.10.5 Food Industry
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Benchtop Double-Beam Color Spectrophotometer
13.6.2 Benchtop Single-Beam Color Spectrophotometer
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Research
13.10.2 Chemical industry
13.10.3 Pharmaceutical industry
13.10.4 Biochemical industry
13.10.5 Food Industry
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Benchtop Color Spectrophotometer Market: Competitive Dashboard
14.2 Global Benchtop Color Spectrophotometer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3Color
14.3.2 AQUALYTIC
14.3.3 ColorLite GmbH
14.3.4 Datacolor
14.3.5 Eppendorf
14.3.6 Konica Minolta Sensing Americas, Inc.
14.3.7 Mettler Toledo
14.3.8 PerkinElmer
14.3.9 SmartVision S.r.l.
14.3.10 Tintometer Limited
14.3.11 X-Rite Inc.
14.3.12 Hangzhou CHNSpec Technology Co
14.3.13 Shenzhen ThreeNH Technology Co
