The global particle size analysis market size was US$ 373.99 million in 2021. The global particle size analysis market size is forecast to reach US$ 609.07 million by 2030, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2022 to 2030.
A particle size analyzer determines the particle size, particle concentration, and high-resolution size distribution in a given sample. Particle size analyses can conduct on solids, emulsions, suspensions, and aerosols. As a quality control tool, particle size analysis can be useful in numerous industries, including food and beverage production, pharmaceuticals, paints and coatings, chemicals, and petroleum.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 reflects the decline in demand due to the unprecedented restrictions on movement along with disruptions in personal and business activities. Lockdown measures, issues in the supply chain, and a lack of consumer and corporate spending have crippled the growth of this industry. The pandemic had a negative impact on end-users, thus directly harming industry growth.
In spite of that, the market for particle size analysis is forecast to increase in the next few years as governments are removing lockdown restrictions and the economy is booming again. Moreover, the rising investments in the pharmaceutical sector due to the virus spread will present significant growth opportunities.
Regional Insights
In 2021, North America dominated the particle size analysis market. As a result of the largest and first deployment of analysis technologies as well as their industrial applications, the region holds a huge market share. Moreover, the growing emphasis on developing advanced analysis devices is forecast to boost the market's growth.
The Asia Pacific is forecast to grow at a steady CAGR over the forecast period. Developing nations such as India, China, and Japan offer significant growth opportunities for market players. In addition, a large customer base across the region is likely to drive growth in the market. Increasing awareness of nanotechnology, and the gradual movement of pharmaceutical R&D facilities to the Asian market from the developed market, is propelling market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global particle size analysis market are:
Scope of the Report
The global particle size analysis market segmentation focuses on Technology, Dispersion, Industry, End-Use, and Region.
Segmentation based on Technology
Segmentation based on Dispersion
Segmentation based on Industry
Segmentation based on End-Use
Segmentation based on Region