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Laboratory Chemicals Market Analysis By 2027, Global Size Estimation, 2020 Industry Share, SWOT Analysis, Top Companies Growth, Statistics Data

September 9th, 2020 Market Research Future Releases

Laboratory Chemicals Market Portrayal

The global laboratory chemicals market 2020 is highly competitive. Market Research Future finds that the demand for lab chemicals has amplified steadily, reaching an estimated surpassing last billion that was gained in the year 2018, with an expected surging CAGR by 2027. The entire market of laboratory chemicals will be gaining prominence during the years 2018 to 2027—forecasted period.

Laboratory Chemicals Boomers & Decliners

The laboratory chemicals market is mainly obsessed with many factors, such as upward R&D activities in biological and chemical sciences. Increasing usage in wastewater treatment is also guarantying the augmentation of the market’s growth. At the most, the advancement in technologies such as cell culture, recombinant DNA & biotherapeutics is projected to act as a prospect for the market in the future.

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Apart from this, the market for laboratory chemicals would also be fuelled by the escalating launch of monoclonal antibody therapeutics products and expansion in cell culture manufacturing. Monoclonal antibodies are being used for the effectual treatment for inflammatory disease, cardiovascular disease, and cancer treatment. In fact, physicians are turning towards the prescription of monoclonal antibodies owing to the effectiveness of the antibiotics. Hence, the escalating demand for monoclonal antibodies would also benefit the market for laboratory chemicals worldwide.

Most importantly, the demand for laboratory chemical consumables by the life sciences segment alone includes biotech, pharmaceutical, healthcare, and contract organizations. These grew at an estimated 5 to 7 percent in the year 2019. Thus, at this growth rate market will be expected to continue in the forecasted period.

On the contrary, the factor of availability of substitutes for laboratory chemicals might hinder the market’s growth over the assessment period, as MRFR finds in its study.

Laboratory Chemicals Market Segment Review

The global laboratory chemicals market is studied over the segments of product, application, and end-user.

By the segment of the product, the market has included molecular biology, cytokine and chemokine testing, carbohydrate analysis, immunochemistry, biochemistry, cell/tissue culture, and others. The molecular biology segment is further divided into gene synthesis and expression, PCR reagents, monoclonal and polyclonal antibodies, vectors, cloning and sequencing, enzymes, and others.

The market, by the segment of the application, has included research and development, academic, quality control, and others.

The market, by end-user segment, has included academic and research institutions, pharmaceutical and biotechnological companies, and others.

Laboratory Chemicals Market Regional Framework

The industry is progressively moving eastwards in line with the shift of its vital consumer industries to influence greater manufacturing competitiveness of emerging Asian economies and to serve the escalating local demand. With Asia’s upward contribution to the global laboratory chemical industry, India is promising as one of the focus destinations for chemical companies globally. Indian chemical market volume, which stood at $147 billion in the year 2015, is anticipated to develop at a much superior rate of 20-25 percent per annum as against the predictable development rate of 12-18 percent previous year. The Asia Pacific region is the highest growing market, which is attributed to recently established research institutions. Within APAC, China is witnessing the leading pharmacy R&D growth, resulting in economic development and surging demand by an aging population.

North America has the maximum market share, at more than 35 percent, driven by a 3.4 percent boost in R&D investments. A survey by MRFR notes that the pharmaceutical industry invested $65.3 billion in R&D in the year 2018.

The Middle East and Africa market might account for the nominal share of the global laboratory chemicals market in the forecast period, owing to an immature healthcare sector, lack of technical knowledge, and poor medical amenities.

The European market might become the second major by market share in the laboratory chemicals market. The market expansion in this region is accredited to government funding and support from the healthcare sector, coupled with surging research and development. The European chemicals market is very pioneering and ultimately helps in solving issues linked to climate change, nutrition, and health.

Laboratory Chemicals Market Top Players

The top players in the global laboratory chemicals market are listed as PerkinElmer Inc., Lonza Biologics Ltd, bioMerieux, Beckman Coulter Inc., BD Biosciences, EMD Chemicals Inc., GE Healthcare, Shimadzu Biotech, Meridian Life science Inc., and Takara Bio Inc.

Table Of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

LIST OF TABLES

Table 1 Global Laboratory Chemicals Market Synopsis, 2018–2027

Table 2 Global Laboratory Chemicals Market Estimates And Forecast, 2017–2021 (USD Million)

Table 3 Global Laboratory Chemicals Market, By Region, 2017–2021 (USD Million)

Table 4 Global Laboratory Chemicals Market, By Product, 2017–2021 (USD Million)

Table 5 Global Laboratory Chemicals Market, By End-User, 2017–2021 (USD Million)

Table 6 Global Laboratory Chemicals Market, By Application, 2017–2021 (USD Million)

….Continued

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation For Global Laboratory Chemicals Market

Figure 3 Segmentation Market Dynamics For Global Laboratory Chemicals Market

Figure 4 Global Laboratory Chemicals Market Share, By Product, 2017

Figure 5 Global Laboratory Chemicals Market Share, By End-User, 2017

Figure 6 Global Laboratory Chemicals Market Share, By Application, 2017

….Continued

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

NOTE: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required we will be considering covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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