Thermal Analysis Market Growing as Growing R&D Activities and Expansion of Indus

Posted by radhika on July 18th, 2019

Thermal analysis is a branch of materials science where the properties of materials are studied as they change with temperature. The major factors driving the growth of the global market include the growing research activities in major end-user segments, increasing production of crude and shale oil, food and product safety regulations, and patent expiry of blockbuster drugs and biomolecules.

What the Market Looks Like?

The global thermal analysis market is expected to reach USD 640.7 Million by 2022 from USD 492.5 Million in 2016, at a CAGR of 4.6%.

On the basis of product, the market is categorized into differential scanning calorimetry analyzers, thermogravimetric analyzers, simultaneous thermal analyzers, differential thermal analyzers, thermomechanical analyzers, dynamic mechanical analyzers, and other thermal analyzers. 

Based on functionality, the market is segmented into single-functionality analyzers and simultaneous-functionality analyzers. In 2017, the single-functionality analyzers segment is estimated to command the largest share of the thermal analysis market

By end user, the market is segmented into pharmaceutical & biotechnology companies, chemical & material manufacturers, food & beverage industry, petrochemical industry, research & academia, and other end users. In 2017, chemical & material manufacturers are expected to account for the largest share of the thermal analysis market. 

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What Drives the Market?

The growth of the global market for Thermal Analysis is primarily influenced by the following factors:

·         Increasing Production of Crude Oil

·         Growing Research Activities Using Thermal Analyzers

·         Patent Expiry of Blockbuster Drugs and Biomolecules

·         Food and Product Safety Regulations

Geographical growth scenario of Thermal Analysis Market 

The report covers the thermal analysis market across four key geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to hold the largest share of the market during the forecast period due to factors such as increasing industrial R&D expenditure; the availability of private-public funding for research; and stringent regulatory norms for drug development.

 However, Asia Pacific is expected to register the highest growth rate during the forecast period. Factors driving growth in the APAC region include the growth of the chemical, material, and pharma-biotech sectors in India, China, and Japan (coupled with increased regulatory compliance for cGMP in India & China); international conferences in Japan, and developments in biomedical industrial setups in Singapore.

Leading market players and strategies adopted

As of 2016, some of the major players operating in this market are Waters (US), NETZSCH (Germany), LINSEIS (Germany), Mettler-Toledo (US), PerkinElmer (US), SETARAM (France), and Shimadzu (Japan).

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