Laboratory Chemicals Market Research Report - Forecast to 2030

Laboratory Chemicals Market: By Type (Molecular Biology, Cytokine and Chemokine Testing, Carbohydrate Analysis, Others), by Application (Academic, R&D, Quality Control, and Others), End-User (Pharmaceutical Companies)- Forecast Till 2030

ID: MRFR/LS/0418-HCR | December 2022 | Region: Global | 142 Pages         

Laboratory Chemicals Market

The Laboratory Chemicals Market size to grow at a 4.30% CAGR during the forecasted period, 2022 to 2030

Segmentation

By Type Molecular Biology Cytokine and Chemokine Testing Carbohydrate Analysis Others
By Application Academic R&D Quality Control Others
By End-User Pharmaceutical Companies

Key Players

  • Lonza Biologics Ltd
  • PerkinElmer Inc.
  • BD Biosciences
  • bioMerieux
  • Beckman Coulter Inc.
  • GE healthcare
  • EMD Chemicals Inc.
  • Meridian Life science Inc.
  • Shimadzu Biotech
  • Takara Bio Inc.

Drivers

  • The Growing Research and Development Activities in the field of biological and chemical sciences.
Speak to Analyst Request a Free Sample

Laboratory Chemicals Market Overview


The laboratory chemicals market is expected to gain a market value of USD 4.9 million by 2030 at a CAGR of 5.4% from 2022-2030.


A Laboratory chemical reagent is a compound applied in a chemical reaction to examine, identify, determine, or manufacture other chemical matters. Chemical reagents play a significant role in the accuracy of a chemical experiment. When preparing the chemistry reagents in a laboratory, the right proportion of chemicals, solvents, and techniques are crucial.


The increasing demand from the industrial sector is predicted to upsurge the demand for laboratory chemicals. Laboratory chemical reagents have wide-ranging applications in health care, life sciences, agriculture, environmental protection, energy development, the national defense industry, scientific research, inspection, quarantine, etc. The global market for laboratory chemical reagents is expected to observe significant growth owing to an increased usage of chemical reagents in the vast scale of commercial applications and basic research activities. Additionally, rising demand from the biotechnology industry may drive market growth in the forecast period. The protein synthesis and DNA sequencing reagents market has been boosted intensely in current years. However, the obtainability of substitutes for laboratory chemicals is credible to hamper the market’s growth.


US Centre for Drug Evaluation and Research approved the development of 50 new innovative therapeutic biological products. Such growing development of medical drugs will lead to more procedures of laboratory chemicals for manufacturing and testing. Thus, it positively impacts the growth of the laboratory chemicals industry in the medical sector.


COVID-19 Analysis


COVID-19 impacted industries worldwide drastically. The laboratory chemicals market was facing challenges both from the economic and health end. Due to the recession, the chemicals sector has had several difficulties. The research in the market is slowing down. The use of laboratory chemicals is reduced. However, most of the needs are in the regaining period. Since 2021, the operations of the laboratory chemicals market have been increasing. The health industry was highly burdened with producing covid medications during this pandemic. Vaccine developments and covid treatments were crucial activities. Therefore, the application of laboratory chemicals in all these processes is growing. Also, the post-COVID-19 market has a wide variety of opportunities. Industrial operations are expected to continue in this period. All these will increase the demand for the laboratory chemicals market. 


Market dynamics 



  • Crucial market drivers 


The technological advancements in the health sector are a demand driving factor of the market. Recombination of DNA and cell structure is a high-end development in the market. It is a technology that can help to develop drugs and diagnose genetic disorders. Also, this crucial innovation in the market will lead to high expansion. 


The continuous developments of technology in the laboratory chemicals market will attract new end users. Further, the development in biotherapeutics is leading to more demand. Moreover, the tremendous demand for biopharmaceutical companies is another crucial driver of the laboratory chemicals market. The pharmaceutical segment of the market is a key end-user for the laboratory chemical reagents market. The rising investments in the market are another factor impeding growth. Due to high investment, there are plenty of innovations in the market. 


Also, the governmental initiatives but the government is leading to high growth in the market. The initiatives of the government are leading to more approvals of laboratory chemical reagent products. Also, the awareness of this component is high in many regions. All these factors are leading to a high expansion rate in the market. 



  • Market growth opportunities 


The demand from the industrial segment of the laboratory chemicals market will bring high growth opportunities. In upcoming years, industrial developments are massive in many regions. The use of cryogenic reactions and bromination of the market is high. Some of the chemical uses in industries are ion-exchange reaction, acid chloride preparation, nitration and acid chloride predation. These products are essential in various commercial products.


Also, the demand from emerging economies is expected to grow in the upcoming years. The demand from emerging economies is accepted to propel growth prospects. These economies have a high need for laboratory chemicals in the industrial sector. The adoption rate of the laboratory chemicals market is expected to grow high due to these developments.


Also, the increasing use of laboratory chemicals in wastewater treatment will bring promising growth opportunities. Today, developed nations are involved in large scale wastewater treatment procedures. The laboratory chemicals are effective to mitigate any dirt and harmful component in the wastewater. Combining this simple chemical with other chemical components helps to achieve greater wastewater treatment procedures. All these developments in the market will lead to massive growth opportunities in the future. 



  • The market restraints 


The availability of substitutes for laboratory chemical reagents is a restraining factor of the market. The laboratory chemical is a simple component that has various alternatives. Also, there are low price alternatives that can hamper the growth of the laboratory chemicals market.


Today, many end-users rooms the medical and industrial sectors prefer chemicals that are low cost. Further, there are many local players in the market who have low-quality alternatives. The high demand for these alternatives can affect the growth of the laboratory chemicals market. This restraint of the laboratory chemicals market can create a lack of awareness of the laboratory chemicals. Also, the expansion rate of the market can slow down due to these factors. 



  • The market challenges 


The stringent regulation regarding the use of laboratory chemicals is a challenge in laboratory chemicals market. The use of laboratory chemicals is limited in many regions. The composition of the chemical can lead to damaging results. Also, the laboratory chemicals are not eco friendly. Using these chemicals for large scale applications can affect the environment.


Therefore, governmental regulations are plenty for this market. Due to this challenge, the operation of the market is affected. Also, the demand can decline for this chemical from environmentally conscious companies. The lack of awareness for the product in some regions is another challenge of the market. 



  • Cumulative growth analysis 


The cumulative growth trend of the laboratory chemicals market is steady in the forecast period. The technological enhancements in the market will lead to high demand. The use of RNA combination and cell structure is increasing in many regions. The diagnosis and industrial purpose of the chemical lead to high adoption.


The availability of high alternatives in the market is a limitation. Also, stringent regulations affect the production of the laboratory chemicals market. However, the growth trend is gradually surging with high industrial activities with laboratory chemicals. Water treatment governmental initiatives are other factors that will expand the laboratory chemicals market growth. 



  • Value chain analysis 


North America will lead with high laboratory chemicals market share. The growth of the laboratory chemicals market is propelled due to the high innovations in the market. The technological advancements in cell tissue improvements will lead to high demand.


The governmental expenditure on the chemical market in North America is surging. There are plenty of key players in the market who take high initiatives to use the chemicals in an advanced way. The governmental regulation to produce and use the market is less in the market. North America will witness the highest demand in the forecast period.


Segment overview 


By type 



  • Cytokine and Chemokine Testing

  • Biochemistry

  • Molecular Biology

  • Environmental Testing

  • Cell/Tissue Culture

  • Carbohydrate Analysis


By Application 



  • Government 

  • Education 

  • Industrial 

  • Healthcare 


By region 



  • Europe 

  • North America 

  • Asia pacific 

  • The Middle East and Africa 


Competitive landscape 


The competition in the laboratory chemicals market is moderate in the forecast period. The major key players are making new development in the laboratory chemicals market. The key strategies of the market are acquisitions, expansion, mergers, collaborations and partnerships. The key player is trying to increase overall production in the forecast period. Also, using laboratory chemicals in an eco-friendly way is a key strategy. 


Regional analysis 


The regional players of the laboratory chemicals market are diversified into Asia Pacific, Europe and North America. North America will have high growth due to presence of laboratory chemicals manufacturers. It is a region that has a favourable market scenario for the production of these chemicals. Also, Europe is the next largest market with high developments. Industry 4.0 is leading to high growth in the laboratory chemicals market.


The European government expenditure for the laboratory chemicals market is high. Emerging economies such as the Asia Pacific and the Middle East have high scope for growth. In upcoming years, the laboratory chemical will be used in different sectors of growing economies. 


The key player of the laboratory chemicals market is 



  1. Lonza Biologics Ltd

  2. PerkinElmer Inc.

  3. BD Biosciences

  4. bioMerieux

  5. Beckman Coulter Inc.

  6. GE healthcare

  7. EMD Chemicals Inc.

  8. Meridian Life science Inc.

  9. Shimadzu Biotech

  10. Takara Bio Inc.


Recent Developments 



  • In June 2021, Avantor Inc. completed its previously declared acquisition of Ritter GmbH and its affiliates.

  • In May 2021, the Antiviral Oral Pills established by Merck and Pfizer were designed to prevent the COVID-19 virus and Flu-related diseases from inflowing the body.


Report overview 



  1. Market overview highlights 

  2. Analysis based upon COVID 19

  3. Explanation upon the Market Dynamics

  4. Value chain analysis

  5. Market segmentation overview

  6. The regional analysis

  7. Competitive landscape analysis

  8. Recent Developments



Report Scope:

Report Attribute/Metric Details
  Market Size   17451 Million
  CAGR   4.30 %
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Application, End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Lonza Biologics Ltd, PerkinElmer Inc., BD Biosciences, bioMerieux, Beckman Coulter Inc., GE healthcare, EMD Chemicals Inc., Meridian Life science Inc., Shimadzu Biotech, and Takara Bio Inc.
  Key Market Opportunities   The Increasing Demand for laboratory chemicals in the biotechnological industry will drive the market growth in upcoming years
  Key Market Drivers   The Growing Research and Development Activities in the field of biological and chemical sciences.


Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

Major end users of laboratory chemicals market include academic & research institutions, pharmaceutical & biotechnological companies, and others.

North America will dominate the laboratory chemicals market till 2030.

Increasing demand in the biotechnological industry and growing R&D activities in biological & chemical sciences are the key factors driving the laboratory chemicals market growth.

Key players profiled in the laboratory chemicals market include Takara Bio Inc., Shimadzu Biotech, Meridian Life science Inc., EMD Chemicals Inc., GE healthcare, Beckman Coulter Inc., BioMerieux, BD Biosciences, PerkinElmer Inc., and Lonza Biologics Ltd.

Key strategies adopted by industry players to create a niche in the laboratory chemicals market include strategic alliances, mergers, acquisitions, collaborations, and product launches.