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Process Spectroscopy Market: New Sales and Industying Trends in 2020-2024

Author : Ronak Bora | Published Date : 2020-09-11 

Global Process Spectroscopy Market contribution was greater than $801 million for 2015 and is projected to register CAGR higher than 6.6% during forecast timeline.The equipment helps in monitoring and checking the quality of process carried out in firms in order to reduce errors as well as re-work. This has promoted the global process spectroscopy industry trends during forecast timeline.

Further, increasing consciousness among industries about significance of these equipments is projected to stimulate industry demand. Firms with inefficient process monitoring method can face various problems of visual faultsand high manufacturing time as well as increase in inventory time that can tarnish its reputation andimage. All these factors have contributed to increase in process spectroscopy market share globally.

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Global process spectroscopy industry is segmented into technology like near infrared spectroscopy (NIR), Fourier transform infrared spectroscopy(FT- IR) and Raman spectroscopy.

Near infrared spectroscopy technology segment contributed more than 60.1% to total process spectroscopy market share for 2015 and is projected to register CAGR of more than 6.1% during forecast timeline. Growth of the segment can be credited to its increasing use in many sectors likebiogas plants, quality monitoring, plastics identification in chemical sector, food industry and paper production control.

Fourier transform infrared spectroscopy technology segment was evaluated at more than $171 million for 2015 and is predicted to contribute more than 20.1% of global industry share by end of forecast timeframe. Increasing utilization of the technology in assessment and identification of many substances as well as chemicals & compounds like fibers, chemical warfare agents, particulates, narcotics, residues andpesticides can fuel global process spectroscopy industry demand in future.

Top Key Players In Process Spectroscopy Market are ABB Ltd, Agilent Technologies, Inc, Bruker Corporation, Buchi Labortechnik AG, Danaher Corporation, Foss A/S, Horiba Limited, Kett Electric Laboratory, Sartorius AG, Shimadzu Corporation, Thermo Fisher Scientific, Inc, Yokogawa Electric Corporation

Global process spectroscopy market is segmented into various geographical locations like MEA, North America, Latin America, Europe and Asia Pacific.

Presence of major industry players and strict quality standards in food & agriculture sector, pharmaceuticals sector and healthcare sector is predicted to drive U.S. process spectroscopy industry growth.

Process analytical technology is a technique that plans, examines and controls production by determining parameters which affect critical value attributes. Food and Drug Administration framed process analytical technology framework to assure outstanding performance. All this has resulted in growing acceptance of the framework by many pharmaceutical firms in U.S. Due to this, U.S. process spectroscopy market is predicted to experience great impact of the framework in future.

APAC process spectroscopy market is predicted to register CAGR of about 8.1% in revenue terms during forecast timeline. Industry players are growingly relocating their research & development units as well as production units in the region due to low costs of labor and resources. All these factors are projected to contribute towards regional industry growth.

Table Of Content:

Chapter 4    Process Spectroscopy Technology Insights

4.1    Process Spectroscopy market share by technology, 2015 & 2024

4.2    NIR

4.2.1    Market estimates and forecasts by region, 2013 - 2024

4.3    FT-IR

4.3.1    Market estimates and forecasts by region, 2013 - 2024

4.4    Raman

4.4.1    Market estimates and forecasts by region, 2013 - 2024

Chapter 5    Process Spectroscopy Application Insights

5.1    Process Spectroscopy market share by application, 2015 & 2024

5.2    Polymer

5.2.1    Market estimates and forecasts by region, 2013 - 2024

5.3    Oil & gas

5.3.1    Market estimates and forecasts by region, 2013 – 2024

5.4    Pharmaceutical

5.4.1    Market estimates and forecasts by region, 2013 - 2024

5.5    Food & agriculture

5.5.1    Market estimates and forecasts by region, 2013 - 2024

5.6    Chemical

5.6.1    Market estimates and forecasts by region, 2013 – 2024

5.7    Others

5.7.1    Market estimates and forecasts by region, 2013 - 2024

Chapter 6    Process Spectroscopy Regional Insights

6.1    Key trends by region

6.2    North America

6.2.4   U.S.

6.2.5   Canada

6.3    Europe

6.3.3   UK

6.3.4   Germany

6.3.5   France

6.3.6   Italy

6.3.7   Spain

6.4    Asia Pacific

6.4.3   China

6.4.4   India

6.4.5   Japan

6.5    Latin America

6.5.3   Brazil

6.5.4   Mexico

6.6    MEA

6.6.3   GCC

6.6.4   South Africa

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/process-spectroscopy-market

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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