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Boston, MA -- (SBWIRE) -- 04/01/2014 -- Particle Size Analysis Market by Technology (Laser Diffraction, Dynamic Light Scattering, Imaging, Coulter Principle, Nanoparticle Tracking Analysis), Industry (Healthcare, Chemical, Petroleum, Mining, Mineral, Food) & End User - Global Forecasts to 2018
The global particle size analyzers market is estimated to grow at a CAGR of 4.9% and is expected to reach ~290 million by 2018. Compared to mature markets, the Asia-Pacific region is expected to grow at the highest CAGR of 6.0%. The growth of the particle size analyzers market is primarily triggered by factors such as the increasing application of nanotechnology, geographic expansion of market players across the globe, and the presence of stringent regulatory guidelines to comply with good manufacturing practices for traditional industries (such as healthcare, chemicals, mining, and petroleum). However, factors such as high import duties on particle size analyzers in developing countries, high cost of analyzers, and the lack of customer awareness are restraining the growth of the particle size analyzers market. Market consolidation through mergers and acquisitions, and increasing stringency of government regulations related to GMP (Good Manufacturing Practice) guidelines in developing countries such as China and India are opening new growth opportunities for players in this market.
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Based on the type of technology, the global particle size analyzers market is categorized into six segments, namely, laser diffraction, dynamic light scattering (DLS), imaging, Coulter Principle, nanoparticle tracking analysis (NTA), and others. The others segment comprises resonant mass measurement, sedimentation, sieve analysis, and laser obscuration. The laser diffraction technology segment held the largest share of the global particle size analyzers market and is poised to grow at a CAGR of 4.0% in the forecast period. Factors such as the increasing number of partnerships among market players to develop their customer base and advancements in laser diffraction particle size analyzers are stimulating the growth of the laser diffraction particle size analyzers market.
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