The global particle size analysis market is expected to grow at a compound annual growth rate (CAGR) of over 30% from 2023 to 2028, reaching around $596 million by the end of the forecast period according to a report by MarketsandMarkets. Key drivers fueling this growth include increased research in nanotechnology, higher investments in pharmaceutical R&D, and stricter regulatory standards for product quality assurance.
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The report highlights nanoparticle tracking analysis (NTA) as the fastest growing technology segment. It is projected to exhibit over 40% CAGR owing to the rising utilization of particle size analyzers in advanced applications and growing nanotech research. Meanwhile, wet dispersion is poised to be the leading dispersion type. This is attributed to the expanding use of nanoparticles and new product launches by prominent companies in the domain.
In terms of end users, the healthcare sector is anticipated to progress at the fastest pace of above 35% CAGR. Factors propelling demand here include rising pharma R&D expenditures, unfulfilled treatment needs, supportive government policies, entry of biotech firms, and ongoing technological innovations. With respect to regional markets, Asia Pacific is likely to display over 45% CAGR due to increasing healthcare spending and rapid industrialization in China, India, and other countries.
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While the outlook remains positive, challenges such as high equipment costs and import duties could hamper smaller players. To overcome limitations in organic growth, companies are pursuing strategies including mergers and acquisitions as well as distribution partnerships to improve market access. Overall, with expanding applications across sectors like food, chemicals, cosmetics, and nanomaterials, the particle size analysis industry shows high potential in the next 5 years. Stakeholders would need to tap into the fast-growing segments and regions to maximize opportunities.
This report has segmented the particle size analysis market based on technology, dispersion, type, end-user, and region.
Particle Size Analysis Market, by Technology
- Laser Diffraction
- Dynamic Light scattering
- Imaging
- Dynamic Imaging
- Static Imaging
- Nanoparticle Tracking Analysis (NTA)
- Coulter Principle
- Sieve Analysis
- Other Technologies
Particle Size Analysis Market, by Dispersion
- Wet Dispersion
- Dry Dispersion
- Spray Dispersion
Particle Size Analysis Market, by Type
- Bench-Top Analyzers
- Portable Analyzers
Particle Size Analysis Market, by End User
- 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
Particle Size Analysis Market, by Region
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
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prominent players in the particle size analysis market are spectris (UK), HORIBA (Japan), Danaher (US), Anton Paar GmbH (Austria), Bettersize Instruments Ltd. (China), Brookhaven Instruments (US), Fritsch GmbH (Germany), LS Instruments (Switzerland), Metller Toledo (US), Micromeritics Instrument Corporation (US), Microtrac Retsch GmbH (Germany), Shimadzu Corporation (Japan), Sympatec GmbH (Germany), and TSI (US), and among others.
Recent Developments
- In August 2023, Anton Paar GmbH introduced Litesizer DIA 500, the latest addition to the Particle Analysis & Surface Charge (PC) product line. This innovative instrument brings dynamic image analysis to your fingertips, allowing for precise measurement of particle size and shape within the range of 0.8 µm to 8,000 µm. With 1 µm equaling 0.001 millimeter.
- In May 2023, The Verder Group has acquired France's Formulaction S.A. and will integrate it into Microtrac MRB, a prominent manufacturer of Particle Characterization Systems within the group's Scientific Division.
