Vancouver, BC -- (SBWIRE) -- 04/21/2021 -- The global IR spectroscopy market size reached USD 1.05 Billion in 2020 and is expected to register a CAGR of 5.9%, during the forecast period, according to latest analysis by Emergen Research. Growing demand for IR spectroscopy in diverse industries such as chemicals, biological research, healthcare & pharmaceuticals, consumer electronics, food & beverages, and others is a key factor expected to continue to drive growth of the global IR spectroscopy market over the forecast period. In addition, increasing investments in research and development in the healthcare and pharmaceutical industries is expected to further propel market growth going ahead. Furthermore, increasing adoption of mid-infrared spectroscopy is expected to augment market growth in the near future.

Based on the types, the IR Spectroscopy market has been further classified based on geography, application and consumption capability. On the basis of the product application, the industry is bifurcated taking into consideration those in demand and are an outcome of technology advancement. Region-wise, the performance of the industry along with the prominent vendors operating in the geography also illuminates stakeholders, business owners, and field marketing, executives. The different facets of the business based on parameters including new launches, acquisition and mergers and new entrants are discussed extensively during the study.

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Here are the questions we answer...
What are the future opportunities in store for the vendors operating in the IR Spectroscopy market?
What does the competitive landscape look like?
Which emerging technologies are believed to impact the IR Spectroscopy market performance?
What are the key trends and dynamics?
Which regulations that will impact the industry?
Which segment will offer the most opportunity for growth between 2020 and 2028?
Where will most developments take place in the long term?
Who are the most prominent vendors and how much market share do they occupy?
What are the latest technologies or discoveries influencing the IR Spectroscopy market growth worldwide?

Rising investment in research and development activities in the healthcare and pharmaceutical industries in countries in North America is driving growth of the market in the region. In addition, North America is expected to continue to account for largest revenue share as compared to other regional markets during the forecast period.

Key players in the market include Horiba, Ltd., TeraView Limited, Bayspec Inc., Teledyne Technologies Incorporated, Bruker Corporation, Shimadzu Corporation, Carl Zeiss Spectroscopy GmbH, Avantes BV, PerkinElmer, Inc., and Agilent Technologies, Inc.

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The report on global IR Spectroscopy market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focussing on for the estimated period. The research further holds vital information on the size of market and data on the prominent leaders' product owners have to compete with, in the coming years. Assessments of the broad strengths, as well as weaknesses too, add value to the overall research. Products details not only cover the popular applications and its performance, but it also unveils certain trends and value of specific products within specific regions.

Type Outlook (Revenue, USD Billion; 2018–2028)
Micro Spectroscopes
Hyphenated Spectroscopes
Portable Spectroscopes
Benchtop Spectroscopes

Technology Outlook (Revenue, USD Billion; 2018–2028)
Near-Infrared
Mid-Infrared
Far-Infrared

End-use Outlook (Revenue, USD Billion; 2018–2028)
Chemicals
Biological Research
Healthcare & pharmaceuticals
Consumer Electronics
Environmental
Food & Beverages
Others

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The industry experts have left no stone unturned to identify the major factors influencing the development rate of the IR Spectroscopy industry including various opportunities and gaps. A thorough analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets the researchers also dig deep into their future prospect and contribution to the IR Spectroscopy industry.

IR Spectroscopy Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America Brazil, Argentina, Colombia and Chile etc.)
Middle East & Africa (South Africa, Egypt, Nigeria and Saudi Arabia etc.)

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Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. IR Spectroscopy Market Segmentation & Impact Analysis
4.1. IR Spectroscopy Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Huge demand for IR Spectroscopy in automotive industry
4.2.2.2. Growing demand for ceramic tiles.
4.2.3. Market restraints analysis
4.2.3.1. Introduction of recycling process of glass and ceramic.
4.2.3.2. High cost for mining and exports
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter's Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. IR Spectroscopy Market By Product Type Insights & Trends, Revenue (USD Billion) (Million MT)
Chapter 6. IR Spectroscopy Market By Marketing Channel Insights & Trends Revenue (USD Billion) (Million MT)
Chapter 7. IR Spectroscopy Market By End-Use Insights & Trends Revenue (USD Billion) (Million MT)
Chapter 8. Global IR Spectroscopy Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Continued…