According to the World Health Organization, the lack of safe and portable drinking water is becoming a global threat. Approximately, one-fourth of the world population equivalent to 2.1 billion people do not have access to clean water, and this number continues to rise with water becoming a scarce source over time. Water purification has become the need of the hour, and this process makes ample use of nanotechnology. Particles ranging from few to hundreds of nanometers are present in unclean water and can only be removed with the usage of nanotechnology methods. This is beneficial for people living in areas with water that contains toxic elements such as arsenic and mercury. The nanotechnology market, therefore, will see phenomenal growth in the upcoming years and already earned a revenue of $119.02 billion in 2018. However, this technology would be incomplete without a highly functional particle size analyzer. The Particle Size Analyzer Market has witnessed immense growth in the past five years owing to increasing application in nanotechnology. These analyzers are now being increasingly used in fluids for analyzing the size of the particles which range from 20 µm to 20 mm. With rising demand from the water purification industry, an increasing number of particle size analyzers are being released into the market, especially for the use of nanotechnology. For example, Horiba Scientific, one of the key market players of the particle size analyzer market, has newly launched the NanoPartica SZ-100 series. This particular series makes use of dynamic light scattering technique and can also be used for measuring the molecular weight as well as co-efficient properties of several polymers. During the forecast period of 2019-2025, the particle size analyzer market will grow with a CAGR of 5.4%. In the year 2018, the market earned a revenue of $434 million across the world.
North America Leading The Particle Size Analyzer Market
According to research performed by IndustryARC, the North American region has emerged as the geographical leader of the global particle size analyzer market. In 2018, the region held a 36.5% share out of the total revenue earned by the market globally. Apart from public healthcare, nanotechnology has become a crucial area for investment for both private players and governments of North American countries. In January 2000, the Clinton government launched the National Technology Initiative that provides funds for long term research that will be carried out for 30 years since the launch of the project. If used in a precise manner, nanotechnology can have a massive positive impact in areas such as the production of finer and lighter nanomaterials, decontamination of water, development of a drug, and particle analysis in the food and beverage industry. Such a wide array of productive uses of nanotechnology has highly benefitted the particle size analyzer market in North America. Massive governmental investment in research and development of nanotechnology has provided a platform to the key players of the particle size analyzer market to invest more and improve on the structure of particle sizing devices. For example, Malvern Instruments has released Mastersizer 3000 that is known for carefully analyzing the size of particles in both dry and wet dispersions in a matter of minutes. Similar products by key market players operating and investing in the North American region are responsible for the growth of the particle size analyzer market.
Particle Size Analyzer Market: End User Industries Generating A Huge Demand
The Growth Of Food And Beverage Industry
The food and beverage industry is one of the few industries, including cosmetics, fashion, and others that are directly influenced by consumer demand. Apart from the apparent human proclivity to purchase and gravitate towards delectable food products, the industry has benefitted tremendously from increased purchasing, finer packaging methods, and globalization. The propensity to spend on food both for cooking at home and dining outside has increased statistically. According to the Bureau of Labor Statistics operating in the United States of America, compared to housing, transportation, and healthcare expenditures, spending on food observed maximum increase amounting to 7.3% in 2017 as compared to the previous year. This statistic is reflective of the rising trend of investing higher on food items apart from the necessities, including housing and transportation. With all the genders actively participating in joining the working class, and country economies boosting around the world, there is a visible increase in disposable income that allows families and individuals to spend higher on leisure activities. People are actively eating out, and there is discernable growth in the number of hypermarkets around the world. Moreover, the packaging industry has opened up even stronger avenues for the food and beverage industry by increasing the shelf lives of products and making them more accessible to different populations across the world.
Owing to the flexible packaging industry and rampant globalization, several foods, and beverage products are imported and exported in countries worldwide, thus accelerating production. In the current scenario, even the slightest growth in the food and beverage industry is advantageous to the particle size analyzer market. Taste and texture form the key components in any food product, and the industry is always under pressure to deliver products with these two attributes standing out. This has rendered key players with carefully examining the ingredients based on several parameters, including molecular mass, particle size distribution, and others. These are important for measuring the shelf life and sensory properties of products including ice creams, chocolates, ketchup, baby food, and others. Some of the key methods used to perform particle sizing are dynamic light scattering, laser diffraction, electrophoretic light scattering, and The Coulter Principle. Using these methods, the particle sizing of suspensions and emulsions used in the food and beverage industry is performed inside cleaning rooms. The particle size analyzer market has, therefore experienced considerable growth with the rise of the food and beverage industry.
The Consistent Rise Of Healthcare Industry
The healthcare industry has witnessed noticeable growth in the past two decades, especially with the integration of artificial intelligence and other impactful technologies. This development has taken place due to several factors at play. Population growth and aging are the two primary factors to have contributed to the rise of the healthcare industry. With the expansion of population and the subsequent descent of lifestyle habits, the incidences of chronic illnesses have been on a continuous increase. This has provided impetus to the global healthcare industry and put the governments worldwide under pressure to increase more facilities for the aging population both in terms of financing and infrastructural.
Moreover, with the prevalence of education, an increasing number of people are reliant on clinics and hospitals for curing illnesses ranging from minor to major ones. All these factors have also instigated the growth of the pharmaceutical industry, which is highly dependent on increasing healthcare services and consistent patient enrollment. In the pharmaceutical manufacturing units, both simple and complex granules are produced using many applications, all of which utilize particle size analyzing technology. The size of granules is incredibly important for quantification of the product. Moreover, health organizations around the world also make use of particle size analyzers for assessing air quality. This the reason why the pharmaceutical and healthcare industry together will continue to provide impetus to the global particle size analyzer market.
Particle Size Analyzer Market: Major Players Holding Maximum Shares
Key players operating in the particle size analyzer market are Malvern Instruments, Horiba, Ltd., Beckman Coulter, Inc., Microtrac, Inc., Micromeritics Instrument Corporation, IZON Science, CILAS, and Sympatec GmbH.
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