The major factors driving the growth of the particle size analysis market include increasing research activities in the field of nanotechnology; technological advancements in particle size analyzers; increasing investment in pharmaceutical R&D; and stringent regulatory guidelines for product quality across industries.
The global Particle Size Analysis Market is expected to reach USD 524.3 Million by 2027 from USD 314.3 Million in 2017, at a CAGR of 5.2%.
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The particle size analysis market is segmented on the basis of product into segmented into laser diffraction, dynamic light scattering (DLS), imaging, nanotechnology particle analysis (NTA), the Coulter principle, and other technologies (resonant mass measurement, laser obscuration, sedimentation, and sieve analysis). The imaging technology segment is further subsegmented into dynamic and static imaging. The laser diffraction technology segment commanded the largest share of the global partcile size analysis market in 2017. The large share of this segment is attributed to laser diffraction’s wide dynamic measurement range, a feature that significantly increases its application areas.
Based on the type of industry, the global particle size analysis market is classified into five major segments—healthcare; chemicals and petroleum; mining, minerals, and cement; food and beverage; and other industries. The last segment comprises industries related to inks, toners, paint, coatings, cosmetics, and environmental analysis. The helathcare industry segment is expected to account for the largest share of the particle size analysis market in 2017 due to its dominance can be attributed to the increasing applications of nanotechnology in medical science, the rapid growth of pharmaceuticals in the healthcare industry.
Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share of the global particle size analysis market during the forecast period (2017-2022).
The major players operating in the particle size analysis market include Malvern Instruements Limited (UK), HORIBA, Ltd. (Japan), and Beckman Coulter, Inc. (US).