Laboratory Chemicals Market to grow by USD 4.67 Mn by 2026, Increase in R&D investments in the pharmaceutical industry to boost market growth - Technavio

NEW YORK, Oct. 18, 2022 /PRNewswire/ -- The laboratory chemicals market size is expected to increase by USD 4.67 million from 2021 to 2026, registering a CAGR of 4.75%, according to the latest research report from Technavio.

The report on the laboratory chemicals market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by an increase in R&D investments in the pharmaceutical industry.

The laboratory chemicals market analysis includes end-user, geography, and geography landscape. This study identifies the use of green chemicals, industrial application to witness higher potential growth, and increasing investments in R&D activities as one of the prime reasons driving the laboratory chemicals market growth during the next few years. Request Free Sample Report.

One of the factors fueling the growth of the laboratory chemicals market is the rise in R&D expenditures in the pharmaceutical sector. The pharmaceutical sector is more focused on making sure R&D reaches its intended audience. A bigger effort is being made to concentrate on establishing efficacy in addressing patient needs while simultaneously safeguarding the underprivileged population. As a result, there will be a greater need for diverse chemicals for developing, testing, and manufacturing new pharmaceutical goods, as well as for developing new vaccines. Therefore, an increase in R&D spending in the pharmaceutical sector may be a key factor in the market's growth during the course of the forecast period.

Another market trend for laboratory chemicals that is accelerating market expansion is the usage of green chemicals. Green chemicals are being used more frequently by the pharmaceutical industry in biomedical applications. The development of medical gadgets employing eco-friendly chemicals is the focus of vendors. These medical equipment are strong and environmentally friendly. However, one of the main obstacles to the expansion of the laboratory chemicals industry is the strict rules for their use. Buy Sample Report.

• End-user (industrial, healthcare, education, and government) and
• Geography (North America, Europe, APAC, South America, and the Middle East and Africa).

The industrial segment's laboratory chemicals market share will expand significantly. Due to the rising use of chemicals in numerous industrial processes, including carboxylation, ion-exchange reactions, cryogenic reactions, and nitration, the industrial segment will have the largest share of the worldwide laboratory chemicals market during the forecast period. Additionally, it is predicted that throughout the forecast period, demand for laboratory chemicals will rise due to growth in the industrial sector.

The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Some vendors are also adopting inorganic growth strategies such as M&As to remain competitive in the market.

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Apollo Scientific Ltd.
• Avantor Inc.
• Avonchem Ltd.
• Beckman Coulter Inc.
• Becton Dickinson and Co.
• Bio Techne Corp.
• DASIT Group SPA
• FUJIFILM Holdings Corp.
• GE Healthcare Inc.
• AppliChem GmbH
• Lonza Group Ltd.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Download Free Sample Report. 

Street Furniture Market by Distribution Channel and Geography - Forecast and Analysis 2022-2026: The report extensively covers street furniture market segmentation by distribution channel (offline and online) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

Wooden Furniture Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026: The report extensively covers wooden furniture market segmentation by application (home and office) and geography (APAC, Europe, North America, South America, and Middle East and Africa).

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by End-user

• 5.1 Market segments
• Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
• Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)

• 5.2 Comparison by End-user 
• Exhibit 26: Chart on Comparison by End-user
• Exhibit 27: Data Table on Comparison by End-user

• 5.3 Industrial - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Industrial - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Industrial - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Industrial - Year-over-year growth 2021-2026 (%)

• 5.4 Healthcare - Market size and forecast 2021-2026 
• Exhibit 32: Chart on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Healthcare - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Healthcare - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Healthcare - Year-over-year growth 2021-2026 (%)

• 5.5 Education - Market size and forecast 2021-2026 
• Exhibit 36: Chart on Education - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Education - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Education - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Education - Year-over-year growth 2021-2026 (%)

• 5.6 Government - Market size and forecast 2021-2026 
• Exhibit 40: Chart on Government - Market size and forecast 2021-2026 ($ million)
• Exhibit 41: Data Table on Government - Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Chart on Government - Year-over-year growth 2021-2026 (%)
• Exhibit 43: Data Table on Government - Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by End-user 
• Exhibit 44: Market opportunity by End-user ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 46: Chart on Market share by geography 2021-2026 (%)
• Exhibit 47: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 48: Chart on Geographic comparison
• Exhibit 49: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026 
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026 
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 APAC - Market size and forecast 2021-2026 
• Exhibit 58: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026 
• Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026 
• Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026 
• Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026 
• Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026 
• Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 Germany - Market size and forecast 2021-2026 
• Exhibit 86: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 87: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 88: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 89: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 91: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 92: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 93: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 94: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 95: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 96: Matrix on vendor position and classification

• 10.3 AppliChem GmbH
• Exhibit 97: AppliChem GmbH - Overview
• Exhibit 98: AppliChem GmbH - Product / Service
• Exhibit 99: AppliChem GmbH - Key offerings

• 10.4 Avantor Inc.
• Exhibit 100: Avantor Inc. - Overview
• Exhibit 101: Avantor Inc. - Business segments
• Exhibit 102: Avantor Inc. - Key news
• Exhibit 103: Avantor Inc. - Key offerings
• Exhibit 104: Avantor Inc. - Segment focus

• 10.5 Beckman Coulter Inc.
• Exhibit 105: Beckman Coulter Inc. - Overview
• Exhibit 106: Beckman Coulter Inc. - Product / Service
• Exhibit 107: Beckman Coulter Inc. - Key offerings

• 10.6 Becton Dickinson and Co. 
• Exhibit 108: Becton Dickinson and Co. - Overview
• Exhibit 109: Becton Dickinson and Co. - Business segments
• Exhibit 110: Becton Dickinson and Co. - Key news
• Exhibit 111: Becton Dickinson and Co. - Key offerings
• Exhibit 112: Becton Dickinson and Co. - Segment focus

• 10.7 GE Healthcare Inc.
• Exhibit 113: GE Healthcare Inc. - Overview
• Exhibit 114: GE Healthcare Inc. - Product / Service
• Exhibit 115: GE Healthcare Inc. - Key offerings

• 10.8 Merck KGaA
• Exhibit 116: Merck KGaA - Overview
• Exhibit 117: Merck KGaA - Product / Service
• Exhibit 118: Merck KGaA - Key offerings

• 10.9 Meridian Bioscience Inc. 
• Exhibit 119: Meridian Bioscience Inc. - Overview
• Exhibit 120: Meridian Bioscience Inc. - Business segments
• Exhibit 121: Meridian Bioscience Inc. - Key offerings
• Exhibit 122: Meridian Bioscience Inc. - Segment focus

• 10.10 Mitsubishi Chemical Corp. 
• Exhibit 123: Mitsubishi Chemical Corp. - Overview
• Exhibit 124: Mitsubishi Chemical Corp. - Business segments
• Exhibit 125: Mitsubishi Chemical Corp. - Key news
• Exhibit 126: Mitsubishi Chemical Corp. - Key offerings
• Exhibit 127: Mitsubishi Chemical Corp. - Segment focus

• 10.11 Morphisto GmbH
• Exhibit 128: Morphisto GmbH - Overview
• Exhibit 129: Morphisto GmbH - Product / Service
• Exhibit 130: Morphisto GmbH - Key offerings

• 10.12 PerkinElmer Inc.
• Exhibit 131: PerkinElmer Inc. - Overview
• Exhibit 132: PerkinElmer Inc. - Business segments
• Exhibit 133: PerkinElmer Inc. - Key news
• Exhibit 134: PerkinElmer Inc. - Key offerings
• Exhibit 135: PerkinElmer Inc. - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 136: Inclusions checklist
• Exhibit 137: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 138: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 139: Research methodology
• Exhibit 140: Validation techniques employed for market sizing
• Exhibit 141: Information sources

• 11.5 List of abbreviations 
• Exhibit 142: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio