According to SPER Market Research, the FTIR Spectroscopy Market is estimated to reach USD 2.39 billion by 2032 with a CAGR of 4.82%. A FTIR spectrometer is a device that measures the quantities of a certain substance in samples of gas or liquid phases using the infrared (IR) absorption technique. By measuring the wavelengths of gases and liquids on a scale, it analyses them and divides them into several categories. The key elements of an FTIR Spectrometer market study also look at emerging technologies that are being fast embraced on a global scale and provide insights into the newest market trends. Additionally, it highlights a few growth-inhibiting and -restraining factors to help the reader have a complete grasp of the market. To comprehend the market, both beginners and seasoned companies must conduct study.
FTIR Spectroscopy Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 4.82%
- Forecast Market Size (2032): 2.39 billion
The COVID-19 epidemic has resulted in a significant increase in demand for FTIR Spectrophotometers on the international market. This is due to the growing need for faster research as well as the public’s expectation that scientists will generate ground-breaking discoveries. The pandemic’s issues required businesses to respond swiftly and forcefully on a global level.
Impact of COVID-19 on the FTIR Spectroscopy Market
Due to the COVID-19 pandemic, there is a high demand for FTIR Spectrophotometers on the global market. This is because there is an increasing need for quicker research and because the public expects the scientific community to make unheard-of advances. Businesses had to react quickly and decisively to the pandemic’s challenges on a global scale. Many established crisis management plans and teams weren’t prepared for COVID-19’s swift and unexpected consequences. However, businesses can benefit from the COVID-19 disruption by learning the correct lessons from the epidemic and enhancing their resilience for the next catastrophe.
Based on the Product, Global FTIR Spectroscopy Market is segmented as; Benchtop FT-IR Spectrometers, Portable FT-IR Spectrometers, Others.
Based on the Type, Global FTIR Spectroscopy Market is segmented as; Far-infrared FTIR, Mid-infrared FTIR, Near-infrared FTIR.
Based on the Application, Global FTIR Spectroscopy Market is segmented as; Chemical, Environmental, Food & Packaging, Forensics, Pharmaceutical, Semiconductors, Others).
The global FTIR Spectrometer market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa based on regions. The market in North America is predicted to develop at a significant CAGR during the forecast period due to the region’s growing reliance on technologically advanced systems and rising R&D expenditures in the pharmaceutical and life sciences sectors. Due to the availability of experienced workforce and the growth in investments in spectrometer manufacturers, the market in Europe is anticipated to grow quickly over the forecast period. The pharmaceutical, chemical, food & packaging, semiconductor, and end-use industries are seeing rapid growth, which is propelling the market. Additionally, in the upcoming years, the market will be boosted in nations like China and India due to the population’s exponential rise and rising disposable income levels.
By measuring the wavelengths of gases and liquids on a scale, it analyses them and divides them into several categories. The key elements of an FTIR Spectrometer market study also look at emerging technologies that are being fast embraced on a global scale and provide insights into the newest market trends.
The market in North America is predicted to develop at a significant CAGR during the forecast period due to the region’s growing reliance on technologically advanced systems and rising R&D expenditures in the pharmaceutical and life sciences sectors. Due to the availability of experienced workforce and the growth in investments in spectrometer manufacturers, the market in Europe is anticipated to grow quickly over the forecast period.
FTIR Spectroscopy Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
By Product:
- Benchtop FT-IR Spectrometers
- Portable FT-IR Spectrometers
- Others
By Type:
- Far-infrared FTIR
- Mid-infrared FTIR
- Near-infrared FTIR
By Application:
- Chemical
- Environmental
- Food & Packaging
- Forensics
- Pharmaceutical
By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
FTIR Spectroscopy Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; ABB, Agilent Technologies, Inc., ARCoptix, Bruker, JASCO, Lumex Instruments, NETZSCH Group, PerkinElmer Inc., SHIMADZU CORPORATION, Thermo Fisher Scientific Inc., Torontech Inc.
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