Market Research Reports

Process Spectroscopy Market (Technology Types - Near infrared (NIR) spectroscopy, Raman spectroscopy and Fourier Transform infrared (FT-IR) spectroscopy) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019

95pages
Published Date: 2014-07-07
 

Description


The process spectroscopy market is expected to witness continuous growth due to rising popularity of spectroscopy technologies and growing consumer preference for high quality products. The innovative product development with technologically advanced features that are being incorporated in spectroscopy instruments is also driving the growth of process spectroscopy market. Advance features in spectroscopy instruments include portability, handheld devices and integrated technologies.-. Other important factor supporting the growth of this market includes widening customer base in Middle East, Latin America, and Asia-Pacific.

The global process spectroscopy market, with an impending demand for analytical solutions, is driven by intense focus of industries such as pharmaceutical, and food and agriculture, on matching international quality standards. As a result, there have been multi-pronged developments especially in spectroscopy technologies such as Raman and Fourier Transform Infrared (FT-IR). Several industries across the globe are demanding innovative solutions that could reduce the cost of analysis and scrap and rework. The table below highlights the current and forecast revenue of the market.

Process spectroscopy is an application of spectroscopic techniques used to analyze a manufactured product in a cost effective and timely manner. A spectrometer generates signals that are used to perform an at-line or in-process measurement of the sample of the product. These signals are converted into graphical representations in order to obtain spectrum. This spectrum is then analyzed using software. There are several types of spectroscopy technologies such as near infrared (NIR) spectroscopy, Fourier Transform infrared (FT-IR) spectroscopy and Raman spectroscopy among others used for process spectroscopy. For instance, at-line measurement is done using near infrared (NIR) spectroscopy to measure the iodine value in a sample. Further, Raman spectroscopy is used to control the process for manufacturing titanium dioxides. This is an example of in-process spectroscopic analysis i.e. analyzing the samples during a manufacturing process. The signals generated are used for either controlling or monitoring the process of manufacturing the product.

The research study titled “Process Spectroscopy (Technology Types – Near infrared (NIR) spectroscopy, Raman spectroscopy and Fourier Transform Infrared (FT-IR) spectroscopy) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019” provides in-depth analysis of the market and related sub-segments.

The report strategically focuses on market segments such as process spectroscopy technologies and end-use industries and provides market insights and data about the size and growth of each segment. 

The report includes detailed analysis of the prevalent market trends and company profiles. To provide better understanding of the competition in market, the report also includes Porter’s five force model analysis, value chain analysis, and market attractiveness analysis. The study on the global process spectroscopy market has been conducted with an objective of providing a thorough coverage of underlying technological and economic issues driving the process spectroscopy market. The report provides market data and forecast for the process spectroscopy technologies and end-use industry segments with an in-depth analysis of the global market, which has been further segmented on the basis of major geographical regions, from 2012 to 2019. The segmentation has been done to provide strategic insights for each category, enabling stakeholders across the value chain to gain considerable business intelligence.

The report aims to provide a comprehensive overview of market data and trends in North America, Europe, Asia-Pacific and Rest of the World (RoW) for emerging process spectroscopy instruments. The report identifies factors driving and restraining growth and future business opportunities in the process spectroscope manufacturing business. The competitive landscape section in the report provides market share analysis of major players in the global market in 2012. 

Besides analyzing the global process spectroscopy market segment-wise, the report includes profiles of major players along with their market positions, business strategies and various recent developments. Companies profiled in the report include Thermo Fisher Scientific, Inc. Bruker Corporation, Buchi Labortechnik AG, Foss A/S, Danaher Corporation, Shimadzu Corporation, Yokogawa Electric Corporation, Sartorius Ag, Kett Electric Laboratory, HORIBA Limited and ABB Limited among others. 

The global process spectroscopy market is segmented as follows:

Process Spectroscopy Market, by Technology 
  • Near infrared (NIR) spectroscopy
  • Raman spectroscopy
  • Fourier Transform  infrared (FT-IR) spectroscopy
Process Spectroscopy Market, by End-use Industry
  • Polymer industry
  • Oil and gas industry
  • Pharmaceutical industry
  • Food and agriculture industry
  • Chemical industry
  • Other industries (medical diagnostic and environmental)
Process Spectroscopy Market, by Geography
  • North America
  • Europe
  • Asia Pacific
  • RoW

Table of Contents



Chapter 1 Preface
1.1 Research description and scope
      1.1.1 Market segmentation
1.2 Research methodology

Chapter 2 Executive Summary
2.1 Global process spectroscopy market snapshot, 2012 & 2019
2.2 Global process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)

Chapter 3 Global Process Spectroscopy Market Overview
3.1 Market definition
3.2 Market dynamics
      3.2.1 Drivers
               3.2.1.1 Impact analysis of drivers
                          3.2.1.1.1 Focus on matching international quality standards such as ISO and Six Sigma across the industries
                          3.2.1.1.2 Growing focus on minimizing variable expenses of rework and reducing scrap
                          3.2.1.1.3 Product quality improvement initiatives by regulatory bodies to drive the demand for process spectroscopy in the pharmaceutical industry
      3.2.2 Restraints
              3.2.2.1 Impact analysis of restraints
                         3.2.2.1.1 High capital investment in developing and maintaining spectroscopes leads to high product pricing
      3.2.3 Opportunities
              3.2.3.1 Establishment of  oil and gas, pharmaceutical, and chemical companies in Asia-Pacific, Middle East  and Africa
              3.2.3.2 Development of portable and handheld instruments with wireless connectivity
3.3 Value chain analysis
3.4 Porter’s five forces analysis
      3.4.1 Bargaining power of suppliers
      3.4.2 Bargaining power of buyers
      3.4.3 Threat of new entrants
      3.4.4 Threat from substitutes
      3.4.5 Degree of competition
3.5 Process spectroscopy market attractiveness
3.6 Market share analysis
      3.6.1 Introduction
      3.6.2 Market share of NIR technology providers, 2012 (value %)
      3.6.3 Market share of Raman technology providers, 2012 (value %)

Chapter 4 Global Process Spectroscopy Market Analysis, By Technology
4.1 Global process spectroscopy market overview, by technology, 2012 & 2019 (revenue %)
4.2 Near Infrared (NIR) spectroscopy
      4.2.1 Global near infrared spectroscopy (NIR) market revenue and forecast, 2011 – 2019 (USD million)
4.3 Raman spectroscopy
      4.3.1 Global Raman spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
4.4 Fourier Transform Infrared (FT-IR) spectroscopy
      4.4.1 Global Fourier Transform Infrared (FT-IR) spectroscopy market, revenue and forecast, 2011 – 2019 (USD million)

Chapter 5 Global Process Spectroscopy Market Analysis, By End-use Industry
5.1 Global process spectroscopy market overview, by end-use industry, 2012 & 2019 (revenue %)
5.2 Polymer industry
      5.2.1 Global polymer industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
5.3 Oil and gas industry
      5.3.1 Global oil and gas industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
5.4 Pharmaceutical industry
      5.4.1 Global pharmaceutical industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
5.5 Food and agriculture industry
      5.5.1 Global food and agriculture industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
5.6 Chemical industry
      5.6.1 Global chemical industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
5.7 Other industries
      5.7.1 Global other industries process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)

Chapter 6 Global Process Spectroscopy Market Analysis, By Geography
6.1 Global process spectroscopy market overview, by geography, 2012 & 2019 (revenue %)
6.2 North America
      6.2.1 North America process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
              6.2.1.1 North America process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
              6.2.1.2 North America process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)
6.3 Europe
      6.3.1 Europe process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
               6.3.1.1 Europe process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
               6.3.1.2 Europe process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)
6.4 Asia-Pacific
      6.4.1 Asia-Pacific process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
              6.4.1.1 Asia-Pacific process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
              6.4.1.2 Asia-Pacific process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)
6.5 Rest of the World (RoW)
      6.5.1 Rest of the World (RoW) process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
               6.5.1.1 Rest of the World (RoW) process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
               6.5.1.2 Rest of the World (RoW) process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)

Chapter 7 Company Profiles
7.1 ABB Ltd.
      7.1.1 Company overview
      7.1.2 Financial overview
      7.1.3 Business strategies
      7.1.4 Recent developments
7.2 Agilent Technologies, Inc.
      7.2.1 Company overview
      7.2.2 Financial overview
      7.2.3 Business strategies
      7.2.4 Recent developments
7.3 Bruker Corporation
      7.3.1 Company overview
      7.3.2 Financial overview
      7.3.3 Business strategies
      7.3.4 Recent developments
7.4 Buchi Labortechnik AG
      7.4.1 Company overview
      7.4.2 Financial overview
      7.4.3 Business strategies
      7.4.4 Recent developments
7.5 Danaher Corporation
      7.5.1 Company overview
      7.5.2 Financial overview
      7.5.3 Business strategies
      7.5.4 Recent developments
7.6 Foss A/S
      7.6.1 Company overview
      7.6.2 Financial overview
      7.6.3 Business strategies
      7.6.4 Recent developments
7.7 Horiba Limited
      7.7.1 Company overview
      7.7.2 Financial overview
      7.7.3 Business strategies
      7.7.4 Recent developments
7.8 Kett Electric Laboratory
      7.8.1 Company overview
      7.8.2 Financial overview
      7.8.3 Business strategies
      7.8.4 Recent developments
7.9 Sartorius AG
      7.9.1 Company overview
      7.9.2 Financial overview
      7.9.3 Business strategies
      7.9.4 Recent developments
7.10 Shimadzu Corporation
       7.10.1 Company overview
       7.10.2 Financial overview
       7.10.3 Business strategies
       7.10.4 Recent developments
7.11 Thermo Fisher Scientific, Inc.
       7.11.1 Company overview
       7.11.2 Financial overview
       7.11.3 Business strategies
       7.11.4 Recent developments
7.12 Yokogawa Electric Corporation
       7.12.1 Company overview
       7.12.2 Financial overview
       7.12.3 Business strategies
       7.12.4 Recent developments

List of Figures

FIG. 1 Global process spectroscopy market segmentation
FIG. 2 Global process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 3 Value chain analysis: Global process spectroscopy market
FIG. 4 Porter’s five forces analysis: Global process spectroscopy market
FIG. 5 Process spectroscopy market attractiveness analysis, by end-use industry, 2012
FIG. 6 Market share of NIR technology providers, 2012 (value %)
FIG. 7 Market share of Raman technology providers, 2012 (value %)
FIG. 8 Global process spectroscopy market overview, by technology, 2012 & 2019 (revenue %)
FIG. 9 Global NIR process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 10 Global Raman process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 11 Global FT-IR process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 12 Global process spectroscopy market overview, by end-use industry, 2012 & 2019 (revenue %)
FIG. 13 Global polymer industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 14 Global oil and gas industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 15 Global pharmaceutical industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 16 Global food and agriculture industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 17 Global chemical industry process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 18 Global other industries process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 19 Global process spectroscopy market overview, by geography, 2012 & 2019 (revenue %)
FIG. 20 North America process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 21 Europe process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 22 Asia-Pacific process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 23 Rest of the World (RoW) process spectroscopy market revenue and forecast, 2011 – 2019 (USD million)
FIG. 24 ABB Ltd: Annual revenue and process automation segment revenue, 2011 – 2013 (USD billion)
FIG. 25 Agilent Technologies, Inc: Annual revenue and chemical analysis segment revenue, 2011 – 2013 (USD million)
FIG. 26 Bruker Corporation: Annual revenue and BSI segment revenue, 2011 – 2013 (USD billion)
FIG. 27 Danaher Corporation: Annual revenue and life science and diagnostic segment revenue, 2011 – 2013 (USD billion)
FIG. 28 Foss A/S: Annual revenue, 2011 – 2012 (USD million)
FIG. 29 Horiba Limited: Annual revenue and scientific instrument and systems segment revenue, 2010 – 2012 (USD billion)
FIG. 30 Sartorius AG: Annual revenue and bioprocess solutions segment revenue, 2011 – 2013 (USD billion)
FIG. 31 Shimadzu Corporation: Annual revenue and Analytical and measuring instrument segment revenue, 2011 – 2013 (USD billion)
FIG. 32 Thermo Fisher Scientific, Inc: Annual revenue and analytical technologies segment revenue, 2011 – 2013 (USD billion)
FIG. 33 Yokogawa Electric Corporation: Annual revenue and industrial automation and control segment revenue, 2011 – 2013 (USD billion)

List of Tables

TABLE 1 Global process spectroscopy market snapshot, 2012 & 2019
TABLE 2 Impact analysis of drivers
TABLE 3 Impact analysis of restraints
TABLE 4 North America process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
TABLE 5 North America process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)
TABLE 6 Europe process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
TABLE 7 Europe process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)
TABLE 8 Asia-Pacific process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
TABLE 9 Asia-Pacific process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)
TABLE 10 Rest of the World (RoW) process spectroscopy market revenue and forecast, by technology, 2011 – 2019 (USD million)
TABLE 11 Rest of the World (RoW) process spectroscopy market revenue and forecast, by end-use industry, 2011 – 2019 (USD million)

Enquiry Before Buying


Free Market Analysis


Growing demand for quality check and accuracy in product manufacturing has led to the increasing demand for process spectroscopy. Further, factors such as increasing usage of process spectroscopy in pharmaceutical, chemical and food and agriculture industries, and convergence of spectroscopy technologies into single instrument are expected to foster innovations in the process spectroscopy market.

Growing consumer preference for better quality products and change in regulations across different industries including oil and gas, pharmaceutical, and food and agriculture among others, are mainly encouraging the companies to adopt process analytical technologies. These factors are driving the market for process spectroscopy instruments and solutions. Additionally, the ability of process spectroscopy technologies to provide accurate results in less time encourages several manufacturing companies to adopt these technologies. Further, as the use of process spectroscopy results into quality check at every stage of production, it reduces the cost of rework and scrap for manufacturing companies, hence save inventory cost of the company. High capital investment in developing and maintaining spectroscopes is one of the prominent factors restraining the growth of this market. Furthermore, the introduction of portable and handheld devices with wireless connectivity to computers offers potential opportunities for the market.

Near infrared (NIR) process spectroscopy led the global process spectroscopy market with highest revenue share in 2012. This is due the compatibility of NIR with product manufacturing process in industries such as oil and gas, pharmaceutical, food and agriculture, chemicals and others. However, Raman spectroscopy is expected to grow at faster rate owing to the growing adoption of this technology in pharmaceutical and food and agriculture industry. Due to non-destructive nature of Raman spectroscopy, it leaves no change in the chemical structure of the products during the process analysis. Further, due to convergence capability of FT-IR with both Raman and NIR, it is expected that the demand for process spectroscopy will increase over the forecast period. 

In 2012, North America held the largest market share and accounted for 48.6% of the global process spectroscopy market. This was due to the presence of large players such as Thermo Fisher Scientific, Inc., Bruker Corporation and Agilent Technologies Inc. among others in the region. The Asia Pacific region is expected to be the fastest growing regional market for process spectroscopy owing to the rise in number of manufacturing plants of different companies across this region.  In addition, Asia-Pacific is the fastest growing region for process spectroscopy with major contribution from countries such as Japan, China and India. Japan is among the major contributors in the process spectroscopy market with companies such as HORIBA Limited, Kett Electric Laboratory, Yokogawa Electric Corporation, and Shimadzu Corporation dominating the market.

global-process-spectroscopy-market

The global market for process spectroscopy was dominated by leading players, those accounted for more than 40% share in 2012 of the total process spectroscopy market. Some of the leading players in this market include Thermo Fisher Scientific, Inc., Bruker Corporation, Buchi Labortechnik AG, Foss A/S, Danaher Corporation, Shimadzu Corporation, Yokogawa Electric Corporation, Sartorius AG, Kett Electric Laboratory, Horiba Limited and ABB Limited among others. The competitive rivalry among these companies is high and is expected to remain same over the forecast period.
 

To get discount on this report, just click on the button below.

To receive brochure, please click on the button below.

Share This Market Study!  

Upcoming Report

Payment
Copyright @ Transparency Market Research