Market Overview:
The global spectroscopy reagent market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for spectroscopy reagents in academic research, industrial, and optics applications. In addition, the growing demand for mass spectrometry reagents is also contributing to the growth of this market. North America dominates the global spectroscopy reagent market and is expected to continue its dominance during the forecast period.
Product Definition:
Spectroscopy Reagent (SP) is a liquid or solid that is used to produce spectral lines. These spectral lines can be used to identify the chemical composition of a material.
Fluorescence Spectroscopy Reagent:
Fluorescence spectroscopy reagent is a solution containing fluorescent dyes that are used for the detection of protein, DNA and RNA. It helps in determining the three-dimensional structure of proteins and other biomolecules. Fluorescence spectroscopy reagents are available in different forms such as powders, liquids or solutions.
Mass Spectrometry Reagent:
Mass spectrometry reagent is used in spectroscopy reagent to perform the analysis. It helps in determining molecular weight, structure, and other properties of the analyzed compounds. The increase in demand for mass spectrometry has led to an increase in research activities which is expected to drive market growth over the forecast period.
The SP market has been witnessing significant growth due to its increasing use by researchers.
Application Insights:
The academic research segment dominated the global spectroscopes market in 2017. This is attributed to rising number of R&D activities at various institutions and rise in government funding for scientific research. For instance, according to the European Commission, in 2016-2017, around Euro 1 million per day is invested by EU countries for R&D purposes. Moreover, many public and private organizations invest significantly on research related to molecular spectroscopy which provides information regarding structure/function relationship using diffraction grating or prism techniques.
Industrial application of spectroscopy reagents was estimated at USD 281.3 million in 2017 owing to its wide scope across diverse industries such as food & beverage processing, pharmaceuticals & biotechnology etcetera., The industrial segment is expected witness significant growth over the forecast period due to increasing demand from customers including chemical companies that require large scale production of products with specific properties such as high yield or purity etcetera.
Regional Analysis:
North America dominated the global spectroscopy reagents market in 2017. This is attributed to the presence of a large number of research laboratories and universities involved in various projects, which require high-end equipment for analysis. Moreover, increasing R&D activities undertaken by major pharmaceutical and biotechnology companies are expected to drive this regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rising investments made by leading players for commercializing their products at a relatively lower price range. In addition, growing demand for spectroscopy reagents from life science research institutes based out of Japan and China is likely to contribute toward industry growth during the same period. Furthermore, government initiatives aimed at promoting medical tourism are expected fuel demand among patients from countries such as India and China; thereby driving product sales across this region over the next eight years (from 2018 - 2030).
Growth Factors:
- Increasing demand for SP in the pharmaceutical and biotechnology industries for drug discovery and development.
- Rising application of SP in food safety and quality control to detect contaminants and adulterants.
- Growing use of SP in environmental monitoring to assess water quality, air pollution, etc.
- Increasing adoption of SP in forensics for crime scene investigations and DNA sequencing studies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spectroscopy Reagent (SP) Market Research Report
By Type
Fluorescence Spectroscopy Reagent, Mass Spectrometry Reagent, Others
By Application
Academic Research, Industrial, Optics, Others
By Companies
Merck KGaA, TCI America, Inc, ITW Reagents, Alfa Chemical, Xilong, Sinopharm Chemical Reagent, Thermo Fisher Scientific, VWR, Kanto Chemical, Honeywell, Merck KGaA
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Spectroscopy Reagent (SP) Market Report Segments:
The global Spectroscopy Reagent (SP) market is segmented on the basis of:
Types
Fluorescence Spectroscopy Reagent, Mass Spectrometry Reagent, 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
Academic Research, Industrial, Optics, 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:
- Merck KGaA
- TCI America, Inc
- ITW Reagents
- Alfa Chemical
- Xilong
- Sinopharm Chemical Reagent
- Thermo Fisher Scientific
- VWR
- Kanto Chemical
- Honeywell
- Merck KGaA
Highlights of The Spectroscopy Reagent (SP) 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:
- Fluorescence Spectroscopy Reagent
- Mass Spectrometry Reagent
- Others
- By Application:
- Academic Research
- Industrial
- Optics
- 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 Spectroscopy Reagent (SP) 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.
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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?
Spectroscopy Reagent is a chemical that helps to identify the elements and compounds in a sample.
Some of the major companies in the spectroscopy reagent (sp) market are Merck KGaA, TCI America, Inc, ITW Reagents, Alfa Chemical, Xilong, Sinopharm Chemical Reagent, Thermo Fisher Scientific, VWR, Kanto Chemical, Honeywell, Merck KGaA.
The spectroscopy reagent (sp) market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size & Forecast, 2018-2028 4.5.1 Spectroscopy Reagent (SP) Market Size and Y-o-Y Growth 4.5.2 Spectroscopy Reagent (SP) Market Absolute $ Opportunity
Chapter 5 Global Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size Forecast by Type
5.2.1 Fluorescence Spectroscopy Reagent
5.2.2 Mass Spectrometry Reagent
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size Forecast by Applications
6.2.1 Academic Research
6.2.2 Industrial
6.2.3 Optics
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Analysis and Forecast
9.1 Introduction
9.2 North America Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size Forecast by Type
9.6.1 Fluorescence Spectroscopy Reagent
9.6.2 Mass Spectrometry Reagent
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 Spectroscopy Reagent (SP) Market Size Forecast by Applications
9.10.1 Academic Research
9.10.2 Industrial
9.10.3 Optics
9.10.4 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 Spectroscopy Reagent (SP) Analysis and Forecast
10.1 Introduction
10.2 Europe Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size Forecast by Type
10.6.1 Fluorescence Spectroscopy Reagent
10.6.2 Mass Spectrometry Reagent
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 Spectroscopy Reagent (SP) Market Size Forecast by Applications
10.10.1 Academic Research
10.10.2 Industrial
10.10.3 Optics
10.10.4 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 Spectroscopy Reagent (SP) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size Forecast by Type
11.6.1 Fluorescence Spectroscopy Reagent
11.6.2 Mass Spectrometry Reagent
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 Spectroscopy Reagent (SP) Market Size Forecast by Applications
11.10.1 Academic Research
11.10.2 Industrial
11.10.3 Optics
11.10.4 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 Spectroscopy Reagent (SP) Analysis and Forecast
12.1 Introduction
12.2 Latin America Spectroscopy Reagent (SP) 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 Spectroscopy Reagent (SP) Market Size Forecast by Type
12.6.1 Fluorescence Spectroscopy Reagent
12.6.2 Mass Spectrometry Reagent
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 Spectroscopy Reagent (SP) Market Size Forecast by Applications
12.10.1 Academic Research
12.10.2 Industrial
12.10.3 Optics
12.10.4 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) Spectroscopy Reagent (SP) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spectroscopy Reagent (SP) 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) Spectroscopy Reagent (SP) Market Size Forecast by Type
13.6.1 Fluorescence Spectroscopy Reagent
13.6.2 Mass Spectrometry Reagent
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) Spectroscopy Reagent (SP) Market Size Forecast by Applications
13.10.1 Academic Research
13.10.2 Industrial
13.10.3 Optics
13.10.4 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 Spectroscopy Reagent (SP) Market: Competitive Dashboard
14.2 Global Spectroscopy Reagent (SP) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Merck KGaA
14.3.2 TCI America, Inc
14.3.3 ITW Reagents
14.3.4 Alfa Chemical
14.3.5 Xilong
14.3.6 Sinopharm Chemical Reagent
14.3.7 Thermo Fisher Scientific
14.3.8 VWR
14.3.9 Kanto Chemical
14.3.10 Honeywell
14.3.11 Merck KGaA