Particle Size Analysis Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

The global particle size analysis market is anticipated to expand at a compounded annual growth rate (CAGR) of 5.5% during the forecast period of 2022-2030.

Particle size analysis is a technical process or a laboratory technique involving the determination of the size range or distribution of particles in a given liquid or powder sample. As particle’s size influences the material’s primary functioning, its analysis aids in enhancing the final product's performance, characteristic, and quality. As a result, it is heavily used in the manufacturing and formulation of several products used in applications such as pharmaceuticals, cosmetics, food products, nanotechnology, building materials, etc.

Particle size analysis is typically carried out in particle technology laboratories utilizing various methods or technologies, depending on several factors among various end-user industries.

Growth Drivers:

Factors primarily driving the growth of this market include: the rising investments in pharmaceutical R&D; the growing number of stringent regulatory guidelines by governments of various countries for product quality across industries worldwide; the surging number of research activities in the field of nanotechnology, coupled with the growing adoption of particle size analyzers in nanotechnology; the raising standards of various end-user industries; the rising consumer awareness regarding target technologies, and the escalating technological advancements across the globe.

Additionally, the rapid evolution of particle size analysis from sieving, milling, and other material processing techniques to sieve analysis, static laser light scattering (SLS), dynamic digital image analysis (DIA), along with the continuous development of various other new techniques in determining sizes of various particles has opened up ample opportunities of growth for the market players present in this market. These new technologies are being utilized across numerous end-user industries, thereby boosting the growth of the overall market across the globe.

Moreover, due to the increasing number of commercial laboratory services and high investments in several clinical trials, the demand from the pharmaceutical and healthcare industries has been the highest for particle size analysis services and solutions. Large numbers of samples and complex handling processes generate an enormous requirement for quick estimation methods. Alongside, the support from government organizations to bolster their domestic pharmaceutical markets is also growing.  All these factors are expected to bode well for the growth of the global particle size analysis market in the next few years.

Furthermore, other factors such as the proliferating applications of nanotechnology across various industries; the escalating demand for lab-on-chip devices, and the increasing incorporation of particle size analysis in real-time production environments for various quality control assessments to reduce damage are expected to further propel the growth of the global particle size analysis market during the forecast period.

However, factors such as the high cost of particle size analyzers, especially in emerging economies, the limitations in particle characterization range, and the dearth of knowledge regarding the technique are expected to hinder the growth of the global particle size analysis market to some extent during the forecast period.

Particle Size Analysis Market Segmentation:

By Technology:

·         Laser Diffraction

·         Dynamic Light Scattering

·         Imaging

·         Nanoparticle Tracking Analysis (NTA)

·         Coulter Principle

·         Sieve Analysis

·         Other Technologies

o   Resonant Mass Measurement

o   Laser Obscuration

o   Sedimentation Technologies

By Dispersion Type:

·         Wet Dispersion

·         Dry Dispersion

·         Spray Dispersion

By End-use Industry:

·         Healthcare Industry

·         Pharmaceutical & Biotechnology Companies

·         Public & Private Institutions

·         Academic Institutions

·         Cosmetic Industry

·         Chemicals & Petroleum Industry

·         Mining, Minerals and Cement Industry

·         Food & Beverage Industry

·         Other Industries

By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa

Based on technology, the laser diffraction segment dominated the particle size analysis market in 2021. The segment is expected to continue with its dominance further in the market during the forecast period of 2022-2030. The rising food safety concerns; the burgeoning R&D expenditure in the healthcare industry; the surging number of initiatives focused on the generation of awareness about laser diffraction, the growing number of trainings conducted by companies are the major factors behind the large share and growth of this segment. However, the nanoparticle tracking analysis (NTA) segment is predicted to experience the highest CAGR in the market over the forecast period.

Based on end-use industry, the healthcare industry segment led the particle size analysis market in 2021, followed by the food & beverage industry. This trend is expected to remain unchanged during the forecast period of 2022-2030. The growing unmet needs of patients leading to the enhanced need for increased pharmaceutical research studies, the increasing government support for drug development, the high R&D expenditure by pharmaceutical companies, and the rising technological advancements by well-established market players are the predominant factors driving the growth of this segment.

Regional Outlook:

The North American region captured the largest share of the global particle size analysis market in 2021. The region is projected to retain its lead further in the market during the forecast period of 2022-2030. Factors such as the increasing need for precise measurement of particle size and particle differentiation in numerous applications across industries; the high adoption of particle size analysis; the availability of energy at low prices; the growing funding for nanotechnology development; the presence of strict industrial regulations for particle size analysis for pharmaceutical drugs & food products; the increasing support from the government for the development of highly sensitive particle size analysis devices, and the expanding chemical industry in the region are the major factors ascribed to the large share and the growth of the market in the region. The U.S. and Canada stand as the leading contributors to the region.

The Asia Pacific region is poised to emerge as the fastest-growing regional market for particle size analysis during the forecast period. The proliferating awareness about nanotechnology coupled with the presence of leading nanotechnology market players, the surging demand for particle size analyzers; the growing outsourcing of pharmaceutical manufacturing and R&D; and the increasing quality in industry standards are the major factors attributable to the high growth of the market in the region. India, Japan, and China are the major contributors to the growth of the market in the region.

Key Companies in Particle Size Analysis Market:

·         Beckman Coulter Inc.

·         Anton Paar GmbH

·         Aimsizer

·         Bettersize Instruments Ltd.

·         Brookhaven Instruments

·         Fritsch GmbHMalvern Panalytical Ltd.

·         HORIBA

·         LS Instruments

·         METLLER TOLEDO

·         Micromeritics Instrument Corporation

·         Microtrac Retsch GmbH

·         Shimadzu Corporation

·         Sympatec GmbH

·         TSI

·         Other Players