Analytical Standards Market: Meticulous Research Reveals Why This Market is Growing at a CAGR of 6.8% to Reach $2.66 Billion by 2027

Analytical Standards Market: Meticulous Research Reveals Why This Market is Growing at a CAGR of 6.8% to Reach $2.66 Billion by 2027
The analytical standards market is expected to grow at a CAGR of 6.8% from 2020 to 2027 to reach $2.66 billion by 2027
Analytical Standards Market by Type, Category (Primary, Secondary), Technique [Spectroscopy, Chromatography, Titrimetry], Industry [Environmental, Food (GMO, Carbohydrate), Petrochemistry (Diesel, Gasoline), Forensics], and Application- Global Forecast to 2027

An analytical standard, a compound of known concentration and high purity, is used in analytical testing in the pharmaceutical, food and beverage, environmental analysis, agriculture, forensics, and veterinary sciences industries. The analytical standards market is majorly driven by new product developments and rising safety concerns in the food, pharma, environmental sciences industries. Environmental protection is among the top priorities globally. Monitoring campaigns that periodically assess soil, water, or air quality identifies environmental pollution. There has been comprehensive legislation developed by the governments of various countries to improve environmental safety. The development of analytical standards for quality control and assurance is one of the imperatives in environmental protection. Development of industry clusters R&D in various industries leading to new product developments is driving the market growth. In its latest publication on Analytical Standards Market, Meticulous Research states that the global analytical standards market will increase at a CAGR of 6.8% from 2020 to 2027 to reach $2.66 billion by 2027.

Launches of new analytical standards, growing regulatory emphasis on pollution monitoring and control, rising consumer awareness regarding optimal food safety and quality, and growing footprint of veterinary sciences are majorly driving the analytical standards market. Also, the growing biosimilars industry accelerated R&D across various sectors, and emerging industry clusters globally provide opportunities for the growth of this market

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Scope of the Report:

Analytical Standards Market, by Type

  • Organic Standards
  • Inorganic Standards

Analytical Standards Market, by Category

  • Primary Standards
  • Secondary Standards

Analytical Standards Market, by Technique

  • Chromatography
    • Ion Chromatography
    • Gas Chromatography
    • Liquid Chromatography
    • Thin Layer Chromatography
    • Others
  • Spectroscopy
    • Atomic Absorption Spectroscopy
    • Mass Spectroscopy
    • IR Spectroscopy
    • Nuclear Magnetic Resonance Spectrometry
    • X-Ray Fluorescence/Diffraction Spectrometry
    • UV/Vis Spectroscopy
    • Others
  • Titration
  • Physical Properties Testing
    • Viscosity Testing
    • Sieve Calibration & Particle Size Testing
    • Colour Reference Testing
    • Others

Analytical Standards Market, by Industry

  • Environmental Analysis
    • Pesticide Standards
    • Volatile Standards
    • Solid Waste Standards
    • Flame Retardant Standards
    • Others
  • Food and Beverage
    • Allergen Standards
    • Dyes and Metabolites Standards
    • GMO Standards
    • Mycotoxins Standards
    • Nutritional Composition Compound Standards
    • Flavor & Fragrance Standards
    • Carbohydrate Standards
    • Peptide/Amino Acid Standards
  • Pharmaceuticals & Life Sciences
    • Impurity Reference Standards
    • Phytochemicals/ Phytopharmaceutical Standards
    • Cosmetic Standards
    • API Standards
    • Pharmaceutical Toxicology Standards
    • Pharmacopeial Standards
    • Others
  • Petrochemistry
    • Diesel, Gasoline, Matrix Oils, and Petroleum Standards
    • Biofuel Standards
  • Forensics
  • Veterinary Sciences

Analytical Standards Market, by Application

  • Microbiology Testing
  • Physical Properties Testing
  • Toxicity Testing
  • Contamination Testing
  • QA/QC Testing
  • Proficiency Testing
  • Stability Testing
  • Others

(Note: Other applications include Chemical composition Testing and Trace Element Testing)

Analytical Standards Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Rest of APAC (RoAPAC)
  • Latin America
  • Middle East & Africa

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To provide efficient analysis, Meticulous Research has segmented this market on the basis Type (Organic, Inorganic), Category (Primary, Secondary), Technique [Spectroscopy (Atomic Absorption Spectroscopy, Mass Spectroscopy, IR Spectroscopy, Nuclear Magnetic Resonance Spectrometry, X-Ray Fluorescence/Diffraction Spectrometry, UV/Vis Spectroscopy, and others),  Chromatography (Ion Chromatography, Gas Chromatography, Liquid Chromatography, Thin Layer Chromatography, and Others), Titrimetry, Physical Properties Testing (Viscosity Testing, Sieve Calibration & Particle Size Testing, Colour Reference Testing, and Others)], Industry [Environmental Testing (Pesticide Standards, Volatile Standards, Solid Waste Standards, Flame Retardant Standards, Others), Food and Beverages (Allergen Standards, Dyes and Metabolites Standards, GMO Standards, Mycotoxins Standards, Nutritional Composition Compound Standards, Flavor & Fragrance Standards, Carbohydrate Standards, and Peptide/Amino Acid Standards), Pharmaceuticals & Life Sciences (Impurity Reference Standards, Phytochemicals/ Phytopharmaceutical Standards, Cosmetic Standards, API Standards, Pharmaceutical Toxicology Standards, Pharmacopeial Standards, and Others), Petrochemistry (Diesel, Gasoline, Matrix Oils, and Petroleum Standards and Biofuel Standards), Forensics and Veterinary Sciences], Application (Microbiology Testing, Physical Properties Testing, Toxicity Testing, Contamination Testing, QA/QC Testing, Proficiency Testing, Stability Testing, and Others), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Geographically, North America commanded the largest share in this market, followed by Europe. The major share of North America is mainly attributed to the highly developed pharma infrastructure, stringent regulations led by regulatory authorities, technological advancements in separation techniques, and key market players in this region. Asia-Pacific is expected to grow with the fastest CAGR over the forecast period.

In terms of type, the organic standards segment is projected to account for the largest share of the analytical standards market in 2020. The large share of this segment is mainly attributed to increased consumption of organic foods and food products, growing demand for organic analytes for estimating the precision of quantitative assays, and continually rising demand for organic analytes for assessing and monitoring samples for organic chemicals. A rising preference for organic standards in the quality control studies across various end-use industries is expected to generate positive demand for analytical standards.

In terms of technique, the chromatography segment is expected to represent lucrative opportunities over the forecast period. Factors attributing to the market growth are recent advancements in the separation techniques like gas chromatography and liquid chromatography, high growth potential in the pharma industry, and growing reliance on chromatography to separate complex compounds in the life science industry. Characteristics like rapid separation of volatile substances and involatile chemicals and extremely high molecular weight materials are further increasing the penetration in the end-use industry.

In terms of industry, the pharmaceuticals & life sciences segment is estimated to grow with the fastest CAGR over the forecast period. Accelerated research in the biopharmaceuticals rises in the production of biosimilars and generics due to patent exposures of blockbuster biologics or small molecules, rising R&D innovations, and emerging pharma manufacturing hotspots in the developing countries are driving the demand for analytical standards in the pharma industry.

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Key Players 

The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence of some of the key players, including Merck KGaA (Germany), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Restek Corporation (U.S.), Takara Bio Inc. (Japan), SPEX CertiPrep. (U.S.), LGC Limited (U.K), and AccuStandard Inc. (U.S.).

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