Analytical Standards Market is poised for significant growth, with a projected CAGR of 6.5% leading to a market size of $2,605.88 million by 2032.

The global analytical standards market is poised for consistent expansion in the coming years, driven by increasing demand across various sectors, including pharmaceuticals, environmental monitoring, and food safety.

Market Overview

The global analytical standards market size was valued at USD 1,478.49 million in 2023 and is anticipated to grow from USD 1,568.68 million in 2024 to USD 2,605.88 million by 2032, exhibiting a CAGR of 6.5% during the forecast period. This growth trajectory reflects the increasing importance of accurate and reliable analytical measurements in various industries.

Some of the major players operating in the global market include:

AccuStandard
Agilent Technologies, Inc.
Cayman Chemical
LGC Limited
Merck KGaA
PerkinElmer Inc.
Restek Corporation.
RICCA Chemical Company
Shimadzu Corporation
Waters Corporation

Key Market Drivers

Stringent Regulations: Stringent regulatory requirements across industries, particularly in pharmaceuticals, food, and environmental monitoring, necessitate the use of high-quality analytical standards to ensure product safety and quality.
Advancements in Analytical Techniques: Advancements in analytical techniques, such as chromatography, spectroscopy, and mass spectrometry, are driving the demand for more sophisticated and specialized analytical standards.
Growing Research and Development: Increased research and development activities in various scientific fields, including life sciences, environmental sciences, and materials science, are fueling the demand for analytical standards for research and development purposes.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐓𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:

https://www.polarismarketresearch.com/industry-analysis/analytical-standards-market

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

This section of the research report provides an analysis of the geographic landscape of the Analytical Standards Market. It covers several aspects like industry share, gross margin and growth rate for all the major regions of the industry. By going through the regional analysis section, businesses can better understand the needs and wants of their target market. Also, it enables companies to make informed decisions about the products or services they’re providing. Furthermore, the research report provides an in-depth analysis of all the major sub-regions for a comprehensive understanding of the market.

Recent Developments

Merck KGaA’s Investment in Production Capacity: In June 2023, Merck KGaA announced a significant investment to enhance the production capacity for highly purified reagents at its Nantong site in China. This investment highlights the growing demand for high-quality analytical standards and the importance of robust manufacturing capabilities.
Agilent Technologies’ Acquisition of Polymer Standards Service: In August 2022, Agilent Technologies, Inc. acquired Polymer Standards Service, a leading provider of polymer standards. This acquisition expanded Agilent’s portfolio in the field of polymer analysis, strengthening its position in the analytical standards market.

Conclusion

The global analytical standards market is poised for continued growth, driven by a combination of factors such as stringent regulations, advancements in analytical techniques, and increasing research and development activities. The recent developments in the industry, such as Merck KGaA’s investment and Agilent Technologies’ acquisition, further underscore the growing importance of this market segment.

Table of Contents:

Global Analytical Standards Market Insights
1. Analytical Standards – Industry Snapshot
2. Analytical Standards Market Dynamics
  1. Drivers and Opportunities
    1. Rigorous quality control standards across diverse sectors
    2. Enhancing healthcare infrastructure in developing nations
  2. Restraints and Challenges
    1. The elevated cost associated with developing analytical standards
3. Porter’s Five Forces Analysis
  1. Bargaining Power of Suppliers (Moderate)
  2. Threats of New Entrants: (Low)
  3. Bargaining Power of Buyers (Moderate)
  4. Threat of Substitute (Moderate)
  5. Rivalry among existing firms (High)
4. PESTLE Analysis
5. Analytical Standards Industry Trends
6. Value Chain Analysis
7. COVID-19 Impact Analysis
Global Analytical Standards Market, by Methodology
1. Key Findings
2. Introduction
  1. Global Analytical Standards Market, by Methodology, 2019-2032 (USD Million)
3. Stability Testing
  1. Global Analytical Standards Market, by Stability Testing, by Region, 2019-2032 (USD Million)
4. Bioanalytical Testing
  1. Global Analytical Standards Market, by Bioanalytical Testing, by Region, 2019-2032 (USD Million)
5. Dissolution Testing
  1. Global Analytical Standards Market, by Dissolution Testing, by Region, 2019-2032 (USD Million)
6. Raw Material Testing
  1. Global Analytical Standards Market, by Raw Material Testing, by Region, 2019-2032 (USD Million)
7. Others
  1. Global Analytical Standards Market, by Others, by Region, 2019-2032 (USD Million)
Global Analytical Standards Market, by Application
1. Key Findings
2. Introduction
  1. Global Analytical Standards Market, by Application, 2019-2032 (USD Million)
3. Food and Beverage Analysis
  1. Global Analytical Standards Market, by Food and Beverage Analysis, by Region, 2019-2032 (USD Million)
4. Pharmaceutical and Life Science Analysis
  1. Global Analytical Standards Market, by Pharmaceutical and Life Science Analysis, by Region, 2019-2032 (USD Million)
5. Petrochemical Analysis
  1. Global Analytical Standards Market, by Petrochemical Analysis, by Region, 2019-2032 (USD Million)
6. Forensic Standards
  1. Global Analytical Standards Market, by Forensic Standards, by Region, 2019-2032 (USD Million)
7. Veterinary Drug Analysis
  1. Global Analytical Standards Market, by Veterinary Drug Analysis, by Region, 2019-2032 (USD Million)
8. Environmental Analysis
  1. Global Analytical Standards Market, by Environmental Analysis, by Region, 2019-2032 (USD Million)
9. Others
  1. Global Analytical Standards Market, by Others, by Region, 2019-2032 (USD Million)