The Global In-line UV-Vis Spectroscopy Market size is expected to reach around US$ 420.5 Mn by 2026, growing at a CAGR of around 6.6% from forecast period 2019 to 2026.
In-line UV-Vis spectroscopy is an absorption technique that measures the ultraviolet radiation absorption utilizing light in the visible spectral ranges due to its interaction with a sample. This absorption of UV rays affects the color of the chemical. In-line UV-Vis Spectroscopy is the majority used in analytical chemistry applications in industries such as pharmaceutical, chemical, paint & coating, and food & beverages. It is specifically used to quantify the amount of substance present in a sample in order to adhere to the standard protocol. With respect to the increasing demand for environment screening, the demand for UV/visible spectroscopy is anticipated to witness robust demand in the coming years. Also, the increasing demand for in-line UV/visible spectroscopy in food analysis to identify the quality of food is also expected to boost the market growth.
The increasing demand and the need for the sample compound testing in highly regulated industries like pharma and food & beverages drive the growth for the in-line UV-Vis spectroscopy market. In addition, in most of the end user industries, manufacturers are engaged in designing and following a product development protocol which further boosts the demand for the in-line UV-Vis spectroscopy market. Furthermore, increasing research and development activities in the food and pharmaceutical industry fuels the adoption of In-line UV-Vis Spectroscopy which will create numerous opportunities in the future. On the flip side, the adoption of this technique is relatively low considering the longevity of instruments and dearth of skilled professionals is likely to restrain the growth of the market to a certain extent during the forecast period.
By application, the chemical concentration application segment dominated the In-line UV-Vis spectroscopy market
On the basis of application, the global market has been segmented into color measurement, chemical concentration, thickness measurement, turbidity & haze measurement, and environmental testing. Moreover, in 2018, the chemical concentration measurement application segment held the highest market share and the segment is also projected to maintain its dominance over the forecast period. The attributes which are supporting the growth of the segment is high demand for quality assurance and checks in chemical and paint & coating industry to develop better quality products. Considering the current market trend, the color measurement and chemical concentration monitoring are widely available in-line spectroscopy methods in the global market to measure product quality. Also, these parameters primarily provide relevant product quality information, which further expected to be enhance its adoption as principles in various upcoming product models. However, the high adoption of off-line measurements for thickness measurement of film and thin layer across the manufacturing process of glasses, plastics, automobile headlights, and computer displays are expected to slow down and further hindered the market growth of the in-line UV-Vis spectroscopy during the forecast period. Furthermore, the increase investment from the manufacturers for the advancement in the product quality measurement products are expected to enhance its demand in future.
The market research study on “In-line UV-Vis Spectroscopy Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight into the global in-line UV-Vis spectroscopy market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global in-line UV-Vis spectroscopy market, application, end-user, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global in-line UV-Vis spectroscopy market size and volume, and segment markets by application, end-user, and geography along with the information on companies operating in the market. The in-line UV-Vis spectroscopy market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
In 2018, North America dominated the regional market with a maximum market share
North America accounted for the high market share of the In-line UV-Vis spectroscopy market and the region is also expected to maintain its dominance over the forecast period. The region is experiencing the maximum growth owing to the presence of increasing need for effective sample compounding in its highly regulated industry such as pharmaceutical and food & beverages. North America is followed by the Europe region in the in-line UV-Vis spectroscopy market.
The players profiled in the global in-line UV-Vis spectroscopy market research report include Hunter Associates Laboratory, Advanced Vision Technology Ltd, Applied Analytics, Inc., Endress+Hauser Management AG, AMETEK, Inc., Uniqsis Ltd, Kemtrak AB, Guided Wave, Inc., ColVisTec AG Inc., and Equitech Int'l Corporation. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.
Market By Application
Market By End-User
Market By Geography
In-line UV-Vis Spectroscopy is the majority used in analytical chemistry applications in industries such as pharmaceutical, chemical, paint & coating, and food & beverages.
According to Acumen Research and Consulting, the in-line UV-vis spectroscopy market value is anticipated to be worth around US$ 420.5 Mn in 2026.
The in-line UV-vis spectroscopy market is anticipated to grow over 6.6% CAGR during the forecast period 2019 to 2026.
North America held maximum share in 2018 for in-line UV-vis spectroscopy market.
Asia Pacific is projected to grow at a fast pace during forecast period in the in-line UV-vis spectroscopy market.
The increasing demand and the need for the sample compound testing in highly regulated industries like pharma and food & beverages drive the growth for the in-line UV-Vis spectroscopy market.
Hunter Associates Laboratory, Advanced Vision Technology Ltd, Applied Analytics, Inc., Endress+Hauser Management AG, AMETEK, Inc., Uniqsis Ltd, Kemtrak AB, Guided Wave, Inc. are the top players operating in the in-line UV-vis spectroscopy market.