DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Process Spectroscopy Market Analysis By Technology (Molecular, Mass, and Atomic Spectroscopy), By Application (Polymer, Oil & Gas, Pharmaceutical, Food & Agriculture, Chemical, and Others), By Region, And Segment Forecasts, 2014 - 2025" report to their offering.
The global process spectroscopy market is estimated to reach USD 29.07 billion by 2025
The surging demand from the pharmaceutical industries, to undertake advanced research and development, is leading to the implementation of various spectroscopy methodologies across the sector, at a considerable rate over the forecast period.
The technology is anticipated to witness high growth owing to rising quality awareness among industries. The increasing importance of reducing operational expenditure is anticipated to drive the demand of these instruments during the forecast period. Furthermore, the significant R&D activities are carried out which has led to the development of various drug discoveries. The drug discoveries in the sector have resulted in the emergence of effective remedies over a number of diseases and disabilities across the world.
The uninterrupted rising demand for spectroscopic techniques and related equipment installations across the globe is expected to drive the significant growth of overall market over the forecast period. The process spectroscopy market is expected to witness tremendous growth over the projected years, owing to the increasing awareness of quality spectroscopic devices among end-use industries.
The technological advancements, demands matching international quality standards, such as ISO or Six Sigma, and the cost & time-saving approaches of companies have increased the adoption of process spectroscopic instruments. The increasing availability of fake or non-standard products in the market has mandated government globally to educate masses about quality products and quality standards.
Molecular spectroscopy is a technology widely adopted across different application sectors which include pharmaceuticals, food & agriculture. Therefore, accounts for the maximum share in 2015 and is anticipated to maintain the dominance, growing at a steady pace over the projected period.
- ABB Group
- Agilent Technologies
- Bruker Corporation
- Buchi Labortechnik AG
- Danaher Corporation
- Horiba, Ltd.
- Kaiser Optical Systems, Inc.
- Recent Developments
- Kett Electric Laboratory
- Sartorius AG
- Shimadzu Corporation
- Thermo Fisher Scientific, Inc.
- Yokogawa Electric Corporation
For more information about this report visit http://www.researchandmarkets.com/research/h3mrq4/process