Particle Size Analysis Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[215+ Pages Report] According to Facts and Factors, the global Particle Size Analysis market size was worth around USD 371 million in 2021 and is predicted to grow to around USD 558 million by 2028 with a compound annual growth rate (CAGR) of roughly 6.0% between 2022 and 2028. The report analyzes the global Particle Size Analysis market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Particle Size Analysis market.

Market Overview

Equipment known as a particle size analyzer measures a sample's particle size, particle concentration, and high-resolution size distribution. Particle size analysis can be used to determine the size of solid materials, emulsions, suspensions, and aerosols. To perform quality control, research and development, and manufacturing, particle size analysis is utilized in several industries, including food and beverage, pharmaceuticals, paints and coatings, chemicals and petroleum, and many more. Particles in powder, liquid, aerosol, or other forms, as well as a variety of substances ranging from nasal spray and proteins to paint, dust, and cosmetics, may all be examined using various technologies.

Key Insights

• As per the analysis shared by our research analyst, the global Particle Size Analysis market is estimated to grow annually at a CAGR of around 6.0% over the forecast period (2022-2028).
•  In terms of revenue, the global Particle Size Analysis market size was valued at around USD 371 million in 2021 and is projected to reach USD 558 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on technology, the nanoparticle tracking analysis segment is expected to dominate the market during the forecast period.
• Based on the dispersion type, the dry dispersion segment is expected to hold the largest market share during the forecast period.
• Based on end user, the healthcare segment accounted for the largest revenue share in 2021.
• Based on region, North America is projected to dominate the market during the forecast period.

Covid-19 Impact

The COVID-19 pandemic impacted various industries such as oil & gas, manufacturing, retail, and others owing to the strict lockdown imposed by the government as well as disruption in the supply of the product & services. However, the particle size analysis market was moderately impacted by the pandemic. The first wave severely affected the industrial sector, which among other things led to problems like reduced instrument output and restrictions on raw material and particle movement. The pandemic fostered the creation of cutting-edge technology for medical research centers and medical device makers in the second part of FY2021. The global efforts of biopharmaceutical and biotech businesses to develop COVID-19 vaccines are boosting the market's expansion.

Growth Drivers

• Increasing research activities in the field of nanotechnology to drive the market growth

Nanotechnology applications are expanding quickly across a variety of sectors due to their tremendous potential. These industries consist of the medical, food & beverage, and chemical industrial. The expansion of nanotechnology applications is also being fueled by ongoing research on nanomaterials and their importance in several industries. The growth of the global particle size analysis market will be fueled by the expansion of nanotechnology research as well as the growing use of this technology since particle size analyzers are crucial for the examination of nanoparticles.

Restraints

• The high cost of particle-size analyzers might be hampering the market growth

Particle size analysis equipment is being used differently as a result of technological advancements and increasing application fields. However, one of the main reasons for limiting the expansion of this market is the high cost of instruments. Particle size analyzer deployment involves significant capital outlays from clients. For instance, depending on the added accessories, the price of a dynamic light scattering particle size analyzer may range from USD 30,000 to USD 60,000. Additionally, the highly specialized operators needed for particle size analyzers based on nanotechnology contribute to the instrument's overall cost.

Opportunities

• An increasing number of conferences and events is expected to provide lucrative opportunities for the market expansion

The number of conferences, trade exhibitions, and events in the nanotechnology sector has increased during the past ten years on both a national and worldwide scale. For instance, the World Conference on Nanotechnology Research & Applications (WCNR 2021), which focused on the important evolution of innovations and advancements via the most cutting-edge nanotechnology and practices, was held in Prague, the Czech Republic, in September 2021. Several industry participants are also hosting and participating in events where they display their product offers, which helps to raise awareness of the cutting-edge technology available for nanoparticle analysis. These seminars are intended to provide the most recent advancements in nanoparticle characterization methods, such as gel permeation chromatography (GPC), rheology, and resonant mass spectrometry (RMS) (RMM). These occasions also aid in raising research workers' understanding of cutting-edge methods for the characterization of nanoparticles.

Segmentation Analysis

The global particle size analysis market is segmented based on technology, dispersion type, end user, and region

Based on the technology, the global market is bifurcated into laser diffraction, dynamic light scattering, imaging, dynamic imaging, static imaging, nanoparticle tracking analysis, coulter principle, sieve analysis, and others. The nanoparticle tracking analysis segment is expected to dominate the market during the forecast period. The growth in the segment is attributed to the expanded uses of these particle size analyzers and expanding nanotechnology research activities. Moreover, NTA is mostly employed in biopharma and biotech applications, and the biopharmaceutical sector is boosting its R&D operations. Furthermore, the method employs small sample volumes, minimum sample preparation, and few consumable instruments, which lowers day-to-day operating expenses. The method is also non-destructive, and if necessary, the sample may be retrieved. However, the laser diffraction segment growing at a significant rate over the forecast period owing to the increasing number of initiatives for encouraging the adoption of laser diffraction, organization of the companies' training programs, and growing concern regarding food safety. Moreover, Laser diffraction particle size analyzers calculate particle size from the angle of light scattered by a stream of particles passing through a laser beam. This technique allows for continuous measurement of bulk material across a wide size range (10 nm to 3 mm). Thus, driving the segment growth.

Based on the dispersion type, the global particle size analysis market is segmented into wet dispersion, dry dispersion, and spray dispersion. The dry dispersion segment holds the largest market share during the forecast period owing to the rapid urbanization and development of the global construction industry. Moreover, the increasing demand from pharmaceutical industries drives segmental growth during the forecast period.

Based on end-users, the market is segmented into healthcare, pharmaceutical & biotechnology, chemical, mining, energy, agriculture & forestry, and others. The healthcare segment accounted for the largest revenue share in 2021 and is expected to show its dominance during the forecast period. The growth in the segment is attributable to the rising number of biotechnology companies, rapid technological advancements, and a growing focus on drug discovery and delivery services. On the other hand, the pharmaceutical and biotechnology segment is expected to grow at the highest CAGR during the forecast period. The pace at which a material dissolves can be influenced by particle size. Because the surface area of tiny particles is less, dissolution happens more quickly. This knowledge is used by the pharmaceutical industry to create medications with smaller surfaces that will be digested more quickly. Water-soluble drugs will likewise dissolve more quickly if their particles are smaller. Thus, the aforementioned statement drives segmental growth.

Recent Developments:

• In May 2022, Beckman Coulter, a global clinical diagnostics leader, announces a new partnership with Germany-based company Smart4Diagnostics to close the preanalytical data gap between blood collection and laboratory analysis due to errors that take place before the sample arrives in the laboratory, such as sample collection, patient identification, sample handling, sample transportation, sample loss, etc.
• In April 2022, Malvern Panalytical Taiwan offers full-fledged application and sales support, even for particle size/shape, molecular weight and microcalorimetry analytical solutions from 4th May 2022. This new service model aligns with their strategic plan to achieve business growth as well as improve customer service levels.

Report Scope

Regional Analysis

• North America is expected to dominate the market during the forecast period

North America accounted for the largest global particle size analysis market share in 2021 and is expected to show its dominance during the forecast period due to its early and widespread acceptance of these technologies and their industrial applications. Moreover, The federal government's strong support for supporting academic institutions and enterprises to create extremely sensitive particle size analysis devices is expected to lead the market for these technologies to grow even more in the region. Furthermore, The North American area also has significant spending on nanotechnology research and development. The United States and Canada are the two countries with the most nanotechnology patents. The expanding application of nanoparticle tracking analysis for concentration and size evaluations of drug-delivery nanoparticles is another factor encouraging many manufacturers to increase their investments in the technology.

Competitive Analysis

• HORIBA 
• Malvern Panalytical Ltd 
• Beckman Coulter Inc. 
• Anton Paar GmbH 
• DANDONG HMKTEST INSTRUMENT CO. LTD. 
• Bettersize Instruments Ltd. 
• Brookhaven Instruments 
• Fritsch GmbH 
• LS Instruments AG 
• METLLER TOLEDO 
• Micromeritics Instrument Corporation 
• Microtrac Retsch GmbH 
• Shimadzu Corporation 
• Sympatec GmbH 
• TSI. 

The global particle size analysis market is segmented as follows:

By Technology

• Laser Diffraction
• Dynamic Light Scattering
• Imaging
• Dynamic Imaging
• Static Imaging
• Nanoparticle Tracking Analysis
• Coulter Principle
• Sieve Analysis
• Others

By Dispersion Type

• Wet Dispersion
• Dry Dispersion
• Spray Dispersion

By End User

• Healthcare
• Pharmaceutical & Biotechnology
• Chemical
• Mining
• Energy
• Agriculture & Forestry
• Others

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America