February 16, 2021
As per the report titled ‘Global Particle Size Analysis Market Size study, by Technology (Laser Diffraction, Dynamic Light Scattering, Imaging, Nanoparticle Tracking Analysis (NTA), Others), by Dispersion Type (Wet Dispersion, Dry Dispersion, Spray Dispersion), by End-User (Healthcare, Chemicals & Petroleum, Mining & Minerals, Food & Beverage , Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global particle size market is projected to register an appreciable growth rate of 5.5% CAGR over 2020-2027.
As per the report findings, stringent product quality guidelines across various verticals is driving global particle size analysis market growth. Moreover, growing focus on pharmaceutical R&D coupled with increasing funding in nanotechnology research will stimulate the industry growth in the coming years. Citing an instance, as per the President’s 2020 Budget, US allocated over USD 1.4 billion in National Nanotechnology Initiative (NNI), indicating persistent focus on R&D in nanoscience.
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On the contrary, heavy import taxes on particle size analyzers in emerging nations is hindering the overall global particle size analysis industry expansion. Furthermore, lockdown mandates due to the Covid-19 pandemic resulted in temporary halt of civilized life and insulated industrial sector from trade and raw material supply. This led to a decline in the demand for particle size analyzers across the globe.
For those unfamiliar, particle size analysis, also termed as particle size measurement or particle sizing, is an analytical method in which samples containing of particulate substances is measured, distributed, and reported. This technique can be utilized to measure solid as well as liquid forms. It is crucial to examine sizes of particles as it can affect the functioning of a materials. Hence, this technique is utilized in formulation of various products, including food, pharmaceuticals, cosmetics, and nanotechnology for enhancing the quality and performance of the final product.
Considering the regional outlook, North America currently accounts for majority of global particle size analysis market share due to growing necessity of accurate measurement of particle size and particle differentiation, along with inflowing investment in nanotechnology industry across the region.
Whereas, Asia-Pacific market size is touted to expand at a robust pace over the ensuing years, owing to government regulations to enhance product quality and increasing pharmaceutical R&D expenditure.
Leading players in global particle size analysis market sphere are Malvern Panalytical, LS Instruments AG, Izon Science Ltd., Horiba, Ltd., Fritsch International, Brookhaven Instruments Corporation, Bettersize Instruments, Beckman Coulter, Inc., Anton Paar GmbH, and AimSizer.