The Evolution of the Particle Size Analyzer Market: Predictions for 2034

 

The Global Particle Size Analyzer Market valued at USD 332.8 million in 2021, is poised for significant growth over the next decade. According to recent industry analysis, the market is projected to expand at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2031, reaching an estimated USD 541.3 million by the end of 2031.

 

Key Drivers of Market Growth: The growth of the particle size analyzer market is primarily driven by the increasing demand for particle size analysis across various industries, advancements in technology, and heightened investment in research and development (R&D) of new particle size analysis techniques.

Particle size analyzers play a critical role in process development and quality control, ensuring the production of high-quality final products. The rise in demand for these devices in the pharmaceutical, mining & minerals, and chemical industries is creating lucrative opportunities for market players. Additionally, increased awareness about nanotechnology is further propelling market expansion.

 

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Market Overview: A particle size analyzer is an instrument used to measure the size distribution of particles in a sample. This tool is essential in various industries to ensure that products meet specific particle size requirements. Different types of particle size analyzers, such as laser diffraction and dynamic light scattering, offer unique advantages and are utilized based on the specific needs of the application.

 

Applications and Benefits

Particle size analyzers are indispensable for assessing several bulk material properties, including flowability, solubility, filtration effectiveness, reactivity, abrasiveness, and taste. They offer numerous benefits, such as a wide dynamic measurement range, high resolution for narrow distributions, analysis of individual particles, and rapid measurement speed.

These analyzers are employed in diverse applications, including evaluating powder quality for metal 3D printers, determining particle size in beverages, characterizing cellulose nanofibers (CNF), and more. The demand for these devices is rising in industries such as construction, chemicals, pharmaceuticals, and food processing for tasks like crystallization, precipitation, particle size distribution, formulations, and product development.

 

Industry-Specific Trends

1. Battery Material Analysis: The growing demand for portable devices and advanced power storage systems is boosting the particle size analyzer market. Control over particle size distribution is crucial for improving the performance of materials used in lithium-ion batteries. These batteries are extensively used in electric vehicles (EVs), consumer electronics, defense applications, and energy storage systems. The rapid consumption of lithium-ion batteries, particularly for EVs, is driving the demand for particle size analyzers.

 

2. Pharmaceutical Sector: The pharmaceutical industry relies heavily on particle size analyzers for quality control. The particle size of active pharmaceutical ingredients (APIs) and intermediates affects the efficacy of medications by influencing absorption rates. The Indian pharmaceutical market, for instance, is projected to grow significantly, driving the demand for particle size analyzers to ensure consistent quality in drug production.

 

Technological Advancements

The nanoparticle tracking analysis (NTA) segment is expected to grow at a CAGR of 5.9% during the forecast period. NTA is a technique used to measure the size, concentration, and movement of nanoparticles in a liquid sample. It is increasingly utilized in scientific research for accurate and reliable measurement of nanoparticles, providing insights into their size distribution, concentration, stability, and potential toxicity.

 

Regional Insights

Asia Pacific held a significant share of approximately 30% in the global particle size analyzer market in 2021 and is expected to remain a lucrative region. Factors such as increased awareness about particle size analysis, demand for quality control in various industries, and advancements in technology are driving market growth. North America and Europe also contribute significantly to the market, owing to the presence of major pharmaceutical and biotechnology companies.

 

Key Market Players:

·         Anton Paar GmbH

·         Beckman Coulter, Inc

·         Bettersize Instruments Ltd.

·         Bühler Group

·         Fritsch GmbH

·         Horiba, Ltd.

·         Intertek Group plc

·         Mettler-Toledo International Inc.

·         Microtrac Retsch GmbH

·         Shimadzu Corporation

·         Sympatec GmbH

 

Recent Developments

• In February 2021, Horiba Ltd. established the HORIBA Institute for Particle Analysis in AIST TSUKUBA, focusing on the development of fine airborne particle analysis technology and nanomaterial analysis.
• In June 2020, Fritsch GmbH introduced the ANALYSETTE 22 NeXT Micro laser particle sizer, designed for production, quality control, industrial process management, and R&D, featuring a measurement range of 0.05–1500 µm.

 

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