Laboratory Chemicals Market worth $ 21.5 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Laboratory Chemicals Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global laboratory chemicals market size is anticipated to witness moderate growth during the forecast period i.e. 2021-2030. The increasing number of end-users conducting a high number of testings; the soaring applications of laboratory chemicals for various purposes across different industries worldwide; the escalating trend of wastewater treatment and sewage water treatment plants in the developing countries; and the proliferating demand in the biotechnological industry are among the major factors contributing to the growth of the global laboratory chemicals market.

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According to application, the industrial segment dominated the global laboratory chemicals market in 2020. The segment is predicted to further maintain its position in the market during the forecast period of 2021-2030 due to the burgeoning demand for these chemicals in the industrial sector.

Geographically, the European region, followed by North America captured the largest share of the global laboratory chemicals market in 2020. The trend is very unlikely to change over the forecast of 2021-2030. Italy stands as the key contributor to the growth of the market in the region, followed by countries such as the U.K, France, and Germany. The Asia Pacific region is expected to register the highest CAGR in the laboratory chemicals market during the forecast period. China is the key contributor to the growth of the market in the region.

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Some of the major laboratory chemicals companies profiled in the report include GE Healthcare, PanReac AppliChem, Meridian Life Science Inc., MORPHISTO GmbH, Lonza Biologics Ltd., PerkinElmer Inc., BD Biosciences, bioMerieux, EMD Chemicals Inc., and Merck KGaA.

The global laboratory chemicals market is segmented into product type, application, end-user, and region. Based on product type, the market is bifurcated into molecular biology, cytokine and chemokine testing, carbohydrate analysis, immunochemistry, cell/tissue culture, environmental testing, biochemistry, and others. Based on application, it is classified into industrial, education, government, and healthcare. Based on end-user, it is classified into pharmaceutical & biopharmaceutical companies, academic & research institutions, and others.

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The global laboratory chemicals market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Laboratory Chemicals Market

• On the basis of application, the industrial segment dominated the global laboratory chemicals market in 2020 and is predicted to further maintain its position in the market during the forecast period of 2021-2030.
• On the basis of region, Europe, followed by North America captured the largest share of the global laboratory chemicals market in 2020, and the trend is very unlikely to change over the forecast of 2021-2030.
• On the basis of region, the Asia Pacific is expected to register the highest CAGR in the laboratory chemicals market during the forecast period.

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Laboratory Chemicals Market worth $ 21.5 Billion in 2021 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

This release was published on openPR.