Further key findings from the study suggest:
Near Infrared(NIR) accounted for over 60% of the revenue in 2015and is expected to remain the key technology segment over the forecast period.The Ramanspectroscopy marketis anticipated to show a high potential. The products that offer combined functionality of the available technologies, such as the FT-NIR spectrometer, are expected to gain popularity withthe rising demand of rapid raw material identification in the food and agriculture end-use industries.
The pharmaceutical industry is anticipated to be the key end-use segment for the market growth over the forecast period, with an estimated CAGR of 8.5% from 2016 to 2022. The polymer end-use segment is projected to witnessa substantial growth, owing to the high demand, stringent quality parameters and availability of customized products.
The pharmaceutical industry in the U.S. is predicted to express an increase in the demand for process spectroscopy as a result ofthe process analysis technology initiative by the Food and Drug Administration. The Asia Pacific process spectroscopy market is anticipated to show a high growth potential, owing to the presence of numerous manufacturing industries of leading brands in emerging nations such as China, India, and South East Asia. The "Make in India" initiative of the Indian government is anticipated to bring new avenues for the industry players.
The key industry players include Thermo Fisher Scientific, Inc., Bruker Corporation, ABB Ltd., Danaher Corporation, Agilent Technologies, Inc., Foss A/S, and Horiba Industries. Companies such as Bruker Corporation, ABB Ltd., Thermos Fisher Scientific, Inc., and Agilent Technologies, Inc. are the key players in the chemical end-usesegment.Thermo Fisher Scientific has bought disruption in the industry by introducing Nicolet iS50in May 2012, which can initiate novel Raman, ATR, and NIR modules, without manually changing system components.
Download the full report: https://www.reportbuyer.com/product/4144380/
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
For more information:
Research Advisor at Reportbuyer.com
Tel: +44 208 816 85 48
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/process-spectroscopy-market-analysis-by-technology-by-end-use-and-segment-forecasts-till-2022-300334377.html