Thermal Analysis Market Growth Across the Globe in Upcoming Years
The global thermal analysis market is expected to reach USD 640.7 Million by 2022 from USD 492.5 Million in 2016, at a CAGR of 4.6%.
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As of 2016, Waters (US), NETZSCH (Germany), LINSEIS Germany), Mettler-Toledo (US), PerkinElmer (US), SETARAM (France), and Shimadzu (Japan) held the leading position in the global thermal analysis market.
These companies adopted product launches, agreements, partnerships, and collaborations as their key growth strategies in the past three years. Hitachi (Japan), Theta (US), Nanjing Dazhan (China), Instrument Specialists (US), Rigaku (Japan), LECO (US), and Innuo (China) are some of the other major players in this market.
Stakeholders
- Thermal analysis product manufacturing companies
- Product suppliers, distributors, and channel partners
- Pharmaceutical manufacturers
- Petrochemical companies
- Pollution control board
- Food and beverage companies
- Polymer and metal companies
- Research laboratories and CROs
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The report covers the thermal analysis market across four key geographies, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America is expected to hold the largest share of the market during the forecast period due to factors such as increasing industrial R&D expenditure; the availability of private-public funding for research; and stringent regulatory norms for drug development.
However, Asia Pacific is expected to register the highest growth rate during the forecast period. Factors driving growth in the APAC region include the growth of the chemical, material, and pharma-biotech sectors in India, China, and Japan (coupled with increased regulatory compliance for cGMP in India & China); international conferences in Japan, and developments in biomedical industrial setups in Singapore
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