Market Overview:
The global analytical standards market size is expected to reach USD 2,605.88 million by 2032, exhibiting a CAGR of 6.5% during the forecast period
An analytical standard is a compound of elevated clarity and familiar concentration to be utilized to verify the existence of a particular constituent in mixtures to escalate the accuracy of quantitative analysis to carry out a test or a measurement of an analyzer and for other motives. The predictable magnitude of the reagent should have adequate preciseness. It should also be capable of transforming with the SI unit, and a harmonious standard value can be acquired, which is decided by a precise standardized practice. The decision and usage of standard reagents are worldwide.
Growth Drivers and Opportunities
The requirement for food quality testing notably impacts the analytical standards market. Ingesting polluted or adulterated food can cause several issues, such as mercury poisoning, foodborne diseases, food stupefaction, and susceptible reactions. The main drivers include elevated public worries concerning food security and quality and the augmenting usage of analytical techniques in metabolic and proteomics.
Furthermore, analytical testing adorns an important place in the pharmaceutical sector, playing an important part in understanding its impact on the outline and nomination configuration of dosage, the chemical and physical steadiness of drug molecules, and the gauging of their holistic stability.
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Company Profile
The market key players are capitalizing on their prevailing consumer bases in the region by organizing the sustenance of top-grade standards and procuring a sizeable market approach. Major companies in the analytical standards market are noted below:
- AccuStandard
- Agilent Technologies, Inc.
- Cayman Chemical
- LGC Limited
- Merck KGaA
- PerkinElmer Inc.
- Restek Corporation.
- RICCA Chemical Company
- Shimadzu Corporation
- Waters Corporation
Regional Analysis
Analytical Standards Market, Regional Outlook (Revenue – USD Million, 2019-2032)
- North America
- Methodology Outlook
- Stability Testing
- Bioanalytical Testing
- Dissolution Testing
- Raw Material Testing
- Others
- Application Outlook
- Food and Beverage Analysis
- Pharmaceutical and Life Science Analysis
- Petrochemical Analysis
- Forensic Standards
- Veterinary Drug Analysis
- Environmental Analysis
- Others
- Technique Outlook
- Mass Spectroscopy
- Spectroscopy
- Thin Layer Chromatography
- Viscosity Testing
- Nuclear Magnetic Resonance Spectroscopy
- Other chromatography
- X-Ray Fluorescence/Diffraction Spectroscopy
- Liquid Chromatography
- IR Spectroscopy
- Ion Chromatography
- Sieve Calibration & Particle Size Testing
- Gas Chromatography
- Chromatography
- Atomic Absorption Spectroscopy
- Colour Reference Testing
- UV/Vis Spectroscopy
- Other Spectroscopy
- Titrimetry
- Physical Property Testing
- Others
- Category Outlook
- Inorganic Analytical Standards
- Organic Analytical Standards
- Methodology Outlook
- North America held a dominant position in the global market due to entrenched laboratories, forensic laboratories and food testing labs.
- Asia Pacific is anticipated to develop at the quickest rate in the market over the forecast period due to surfacing markets, especially in China and India have observed sizeable government enterprises targeted at protecting and enlarging the healthcare framework.
Recent Developments in the Industry
- June 2023 – Merck KGaA Investment in China:
Merck KGaA announced a significant investment of USD 74 million (EUR 70 million) to enhance its production capacity for highly purified reagents at its Nantong facility in China. This initiative aims to support the growing demand for advanced research and manufacturing materials. - August 2022 – Agilent Technologies Acquires Polymer Standards Service:
Agilent Technologies, Inc. acquired Polymer Standards Service, a company specializing in gel permeation chromatography (GPC) and size exclusion chromatography (SEC) for polymer analysis. This acquisition strengthens Agilent’s capabilities in polymer analysis and expands its analytical portfolio.
Analytical standards serve various purposes, including verifying conducting tests or calibrations for analyzers, enhancing the precision of quantitative analysis, verifying the presence of specific components in mixtures, and more. These standards are available for spectroscopy, titration, electrophoresis, physical properties, microscopy, and chromatography. They cover a wide range of applications, including food and beverage, certified reference materials, GMO standards, forensic, clinical, veterinary, trace analysis, petrochemical, environmental, and cosmetic.