According to Stratview Research’s latest report, titled “Laboratory Chemicals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026”, the Laboratory Chemicals Market is segmented 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), and by Region (North America, Europe, Asia-Pacific, and the Rest of the World). This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Laboratory Chemicals Market.
Market Insights
According to analysts, the laboratory chemicals market is likely to grow with a healthy CAGR of 4.7% over the next five years. Rising trend for wastewater treatment and sewage water treatment plants in developing economies coupled advancements in laboratory chemicals is likely to boost its demand over the next five years.
Laboratory chemicals are the substance 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, extreme toxic, and low hazard.
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s Laboratory Chemicals Market realities and future market possibilities for the forecast period of 2022 to 2028. The report segments and analyses the market in the most detailed manner in order to provide a panoramic view of the market. The vital data provided in the report can play a vital role in assisting market participants and investors in identifying low-hanging fruits available in the market as well as developing growth strategies to accelerate their growth process.
Segments Analysis
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 for bromination, acid chloride preparations, carboxylation, ion-exchange reactions, cryogenic reactions, and nitration.
In terms of regions, Europe to maintain its supremacy in the market during the forecast period, with the Italy being the key growth engines 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 chemical industry in the world.
The list of Key Players in the report are -
The market for Laboratory Chemicals is gradually consolidating with major companies that are performing mergers & acquisitions to quickly gain the leading position and to tap the growing opportunities in this briskly expanding market. Some of the major key players in the Laboratory Chemicals Market are listed below.
• 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
Report Features -
This market report includes the following features –
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints.
- Market trend and forecast analysis.
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
Custom Research:
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About Stratview Research –
Stratview Research is a leading market research firm that offers a wide range of services like syndicated market reports, consulting, sourcing intelligence, customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.