Press release
Process Spectroscopy Market Outlook To 2024 |Top Key Vendors are ABB, Agilent Technologies, Bruker, Buchi Labortechnik, Danaher, Foss A/S, and Horiba
Process Spectroscopy Market
Surging demand from the manufacturing sector to minimize errors and optimize processes will augment process spectroscopy market over the next few years. Manufacturers often make use of process analytical technology with a view to reduce rework and errors. This mechanism helps design, analyze, and control manufacturing processes by monitoring vital parameters that may affect crucial quality attributes and by establishing efficient process control, which will spur process spectroscopy industry over the next few years.
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Having accounted for more than 60% of the total share in 2015, NIR based process spectroscopy market is anticipated to grow at a rate of 6.1% over 2016-2024. Subject to the huge demand for this technology across the food & beverage, plastics identification, quality monitoring, and biogas productions sectors, NIR technology will hold more than 55% of the overall process spectroscopy industry in 2024.
The Fourier Transform (FT-IR) technology is being heavily deployed across material, compound, and chemical assessment for identifying residues, pesticides, narcotics, fibers, particulates, and chemical warfare agents. With a valuation of USD 170 million in 2015, FT-IR-based process spectroscopy market is anticipated to grow at a lucrative rate over 2016-2024, and will hold more than 20% of the overall share in 2024.
APAC has emerged to be a lucrative hunting ground for players vying to expand their product portfolios. Low costs of labor and resources are credited for the proliferation in the relocation of research and development units, along with production units in the region. Accordingly, Global Market Insights, Inc. projects APAC process spectroscopy market size to expand at a robust CAGR of 8% through 2024.
Many companies have been shifting their manufacturing base to emerging economies pertaining to the reduced production & operating costs and the availability of cheap labor. This will propel Asia Pacific process spectroscopy industry share, which is anticipated to grow at a rate of 8% over 2016-2024.
Process spectroscopy market is characterized by the presence of numerous biggies such as Kett Electric Laboratory, Sartorius, Foss A/S, Shimadzu Horiba, ABB, Thermo Fisher Scientific, Yokogawa Electric, Bruker, Danaher, Buchi Labortechnik, and Agilent Technologies.
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Partial Chapter of the Table of Content
Chapter 4 Process Spectroscopy Technology Insights
4.1 Process Spectroscopy industry share by technology, 2015 & 2024
4.2 NIR
4.2.1 Market estimates and forecasts by region, 2013 - 2024
4.3 FT-IR
4.3.1 Market estimates and forecasts by region, 2013 - 2024
4.4 Raman
4.4.1 Market estimates and forecasts by region, 2013 - 2024
Chapter 5 Process Spectroscopy Application Insights
5.1 Process Spectroscopy market share by application, 2015 & 2024
5.2 Polymer
5.2.1 Market estimates and forecasts by region, 2013 - 2024
5.3 Oil & gas
5.3.1 Market estimates and forecasts by region, 2013 – 2024
5.4 Pharmaceutical
5.4.1 Market estimates and forecasts by region, 2013 - 2024
5.5 Food & agriculture
5.5.1 Market estimates and forecasts by region, 2013 - 2024
5.6 Chemical
5.6.1 Market estimates and forecasts by region, 2013 – 2024
5.7 Others
5.7.1 Market estimates and forecasts by region, 2013 - 2024
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/process-spectroscopy-market
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Contact Us
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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