Analytical Standards Market Worth 1.56 Billion USD by 2020
PUNE, India, April 5, 2016 /PRNewswire/ --
According to a new market research report, "Analytical Standards Market by Technique (Chromatography, Spectroscopy, Titrimetry, Physical Property Testing), Application (Food & Beverage, Environmental, Pharmaceutical, Cosmetic, Veterinary, Forensics, Petrochemistry) - Global Forecast to 2020," published by MarketsandMarkets, This report studies the global market over the forecast period of 2015 to 2020. The market is expected to reach USD 1.56 Billion by 2020, at CAGR of 6.5% from 2015 to 2020.
(Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
Browse 72 market data Tables and 45 Figures spread through 182 Pages and in-depth TOC on "Analytical Standards Market"
http://www.marketsandmarkets.com/Market-Reports/analytical-standards-market-8484789.html
Early buyers will receive 10% customization on this report.
The market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the world (RoW).
A number of factors such as stringent regulatory environment in the pharmaceutical industry, growing food safety concerns across the globe, growing government funding for research activities in various industries, rising demand for analytical instruments in proteomics & metabolomics and growing importance of analytical tests in approval of biologics and biosimilars are driving the growth of the global analytical standards market. On the other hand, factors such high cost of analytical instruments and lack of skilled professionals is restricting the growth of the global analytical standards market.
Based on technique in which analytical standards are used the global analytical standards market is classified into four major segments, namely, chromatography, spectroscopy, titrimetry and physical property testing. The chromatography segment is expected to account for the largest share of the analytical standards market in 2015, attributing to growing food safety concerns, increasing importance of chromatography tests in drug approvals, and new product launches.
On the basis of applications, the global analytical standards market is divided into segments, namely, food & beverage, environmental, pharmaceutical and life sciences, forensic, veterinary and petrochemistry. The food & beverage segment is further classified into flavors and fragrances, carbohydrates, peptides / amino acids, food additives, Fatty Acids/FAME/Lipids, GMO (genetically modified organisms) and mycotoxins. The pharmaceutical and life sciences application segment is estimated to grow at the highest CAGR of from 2015 to 2020. This high growth is primarily due to stringent regulatory guidelines for the pharmaceutical industry, and increased pharmaceutical & life science R&D spending.
Talk to our Expert: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=8484789
The environmental segment is categorized into pesticide standards, volatiles / semivolatiles standards, flame retardants standards, aroclors, PCBs and dioxins standards, alkylphenols standards and solid waste standards. Likewise, the pharmaceutical and life sciences market is categorized into cosmetic standards, herbal drugs / phytopharmaceuticals standards, pharmaceutical secondary standards, pharma impurities standards, pharmacopoeia standards and fluorescent microparticles standards. The forensic segment includes drugs of abuse and doping standards. Similarly, the veterinary segment is categorized into two sub-segments, namely antibiotics and hormones standards. The petrochemistry is categorized into gasoline, diesel & Petroleum standards and Biofuels standards.
As of 2015, North America held the largest share of the global analytical standards market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020. A number of factors, including as increasing life science research funding, development of bioclusters in various countries, increasing outsourcing of clinical trials from developed nations to APAC countries, rising number of chromatography-based research activities, use of chromatography in the food and environmental industry, and growing food security concerns are stimulating the growth of the analytical standards market in the Asia-Pacific region.
Merck KGaA (Germany), LGC Limited (U.K.), Agilent Technologies Inc. (U.S.), Waters Corporation (U.S.), and Restek Corporation (U.S.) are the major players in the global Analytical Standards Market.
Browse Related Reports:
Chromatography Instruments Market by System (LC (HPLC, UHPLC, Flash), GC, Other Components (Autosamplers, Detectors, Fraction Collectors), Consumable (Reverse Phase Columns, Syringe Filters, Vials) - Analysis & Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/chromatography-instrumentation-market-1258.html
Mass spectrometry Market by Platform (Hybrid mass spectrometry (Triple Quadrupole, QTOF, & FTMS), Single mass spectrometry (Quadrupole, TOF, & Ion trap)) & by Application (Pharmaceuticals, Biotechnology) - Analysis & Global Forecast to 2020
http://www.marketsandmarkets.com/Market-Reports/mass-spectrometry-market-437.html
About MarketsandMarkets
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/biotechnology
Connect with us on LinkedIn @http://www.linkedin.com/company/marketsandmarkets
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: [email protected]
SOURCE MarketsandMarkets
Share this article