Global Laboratory Chemicals Market

Laboratory Chemicals Market Size, Share, Growth Analysis, By Type(Cytokine and chemokine testing, biochemistry, molecular biology, environmental testing), By Application(Government, education, industrial, and healthcare), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2168 | Region: Global | Published Date: March, 2024
Pages: 184 |Tables: 67 |Figures: 75

Laboratory Chemicals Market Insights

Global Laboratory Chemicals Market size was valued at USD 3.4 billion in 2022 and is poised to grow from USD 3.58 billion in 2023 to USD 5.37 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The global laboratory chemicals market is a thriving industry that encompasses a wide range of chemicals used in various scientific and research applications. It plays a crucial role in facilitating advancements in pharmaceuticals, biotechnology, environmental analysis, academic research, and other scientific disciplines. The market is driven by the increasing demand for innovative and high-quality chemicals to support the expanding research and development activities across the globe. The growing emphasis on drug discovery, personalized medicine, and advancements in healthcare technologies further fuels the market growth. Additionally, the rising focus on environmental testing, food safety, and quality control measures drive the demand for laboratory chemicals. The market is characterized by a wide array of chemicals, including reagents, solvents, acids, bases, analytical standards, and biochemicals, among others. With the emergence of new and complex applications, there is a rising need for specialized and custom-made chemicals, spurring innovation in the market. Moreover, stringent regulations governing laboratory safety and quality standards contribute to the market's growth as organizations prioritize the use of certified and compliant chemicals. Geographically, the market spans across regions like North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with North America holding significant market shares due to their strong research infrastructure and presence of major pharmaceutical companies. However, the Asia Pacific region is witnessing rapid growth due to increasing investments in research and development activities and the expansion of the pharmaceutical and biotechnology sectors. Overall, the global market is poised for steady growth driven by technological advancements, increasing research activities, and the demand for high-quality chemicals across various scientific domains.

Market Snapshot - 2024-2031

Global Market Size

USD 3.4 billion

Largest Segment

Biochemistry

Fastest Growth

Molecular biology

Growth Rate

5.2% CAGR

Global Laboratory Chemicals Market ($ Bn)
Country Share for North America Region (%)

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Laboratory Chemicals Market Segmental Analysis

The Global Laboratory Chemicals Market is segmented by type, application, and region. Based on type, the market can be segmented into cytokine and chemokine testing, biochemistry, molecular biology, environmental testing, cell/tissue culture, carbohydrate analysis and others. Based on application, the market is segmented into government, education, industrial, and healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis by Type

The dominant segment in the global laboratory chemicals market is biochemistry. Biochemistry plays a vital role in studying biological processes and understanding the structure, function, and interactions of biomolecules. They are extensively used in protein analysis, enzyme assays, nucleic acid research, and other biochemical studies. With the increasing focus on drug discovery, personalized medicine, and advancements in healthcare, the demand for biochemistry chemicals remains high.

On the other hand, the fastest-growing segment in the global laboratory chemicals market is molecular biology. Molecular biology chemicals are essential for DNA and RNA analysis, gene expression studies, PCR (polymerase chain reaction), and genetic engineering. The rapid advancements in molecular biology techniques, such as CRISPR-Cas9 gene editing, gene sequencing, and synthetic biology, have significantly fueled the demand for molecular biology chemicals. The increasing applications in medical research, diagnostics, and biotechnology have contributed to the rapid growth of this segment.

Analysis by Application

The dominant segment in the global laboratory chemicals market is healthcare. The healthcare sector extensively utilizes laboratory chemicals for diagnostic purposes, pharmaceutical research and development, clinical trials, and medical testing. The demand for laboratory chemicals in healthcare is driven by the growing need for accurate and reliable diagnostic tools, advancements in medical treatments, and the development of new drugs and therapies. With the increasing focus on precision medicine and personalized healthcare, the demand for laboratory chemicals in the healthcare sector remains substantial.

On the other hand, the fastest-growing segment in the global laboratory chemicals market is the industrial sector. Industrial applications of laboratory chemicals encompass a wide range of industries such as chemicals, manufacturing, energy, environmental monitoring, and material science. The industrial sector utilizes laboratory chemicals for quality control, process optimization, environmental analysis, and research and development. With the rising emphasis on sustainability, energy efficiency, and regulatory compliance, the demand for laboratory chemicals in the industrial sector has been witnessing significant growth. Additionally, technological advancements and automation in industrial processes have further fueled the demand for specialized laboratory chemicals in this sector.

Global Laboratory Chemicals Market By Type, 2023 (%)

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Laboratory Chemicals Market Regional Insights

North America dominated the global laboratory chemicals market. North America has a strong research infrastructure, a robust pharmaceutical industry, and a well-established healthcare system. The region is characterized by significant investments in research and development, technological advancements, and a high demand for laboratory chemicals across various scientific disciplines. Moreover, the presence of key market players and academic institutions further contributes to the dominant position of North America in the laboratory chemicals market.

The fastest-growing segment in the global laboratory chemicals market is Asia Pacific. The Asia Pacific region is witnessing rapid growth due to increasing investments in research and development activities, expanding pharmaceutical and biotechnology sectors, and a growing emphasis on healthcare advancements. Countries like China and India are emerging as major players in the global laboratory chemicals market, driven by their large population, rising disposable income, and favorable government initiatives to promote scientific research and innovation. Additionally, the presence of a skilled workforce, technological advancements, and the adoption of advanced laboratory practices contribute to the region's rapid growth in the laboratory chemicals market.

Global Laboratory Chemicals Market By Region, 2024-2031
  • Largest
  • Fastest

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Laboratory Chemicals Market Dynamics

Drivers

Increasing demand for innovative and high-quality chemicals to support research and development activities

  • One key driver of the global laboratory chemicals market is the increasing demand for innovative and high-quality chemicals to support research and development activities. As scientific advancements continue to drive progress in pharmaceuticals, biotechnology, and other scientific fields, there is a growing need for specialized laboratory chemicals that enable accurate analysis, experimentation, and discovery.

Restraints

Stringent regulatory landscape governing laboratory safety and quality standards

  • A key restraint of the market is the stringent regulatory landscape governing laboratory safety and quality standards. Compliance with regulations and standards, such as Good Laboratory Practices (GLP) and Good Manufacturing Practices (GMP), requires significant investments in infrastructure, equipment, and personnel training. Meeting these regulatory requirements can pose challenges for market players, especially smaller laboratories or those operating in emerging economies with limited resources. Compliance costs and complexities can act as restraints on the growth of the laboratory chemicals market.

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Laboratory Chemicals Market Competitive Landscape

The competitive landscape of the global laboratory chemicals market is characterized by intense competition among numerous players. The market is highly fragmented, with a large number of regional and international manufacturers and suppliers vying for market share. Key strategies employed by market players include product development, collaborations, partnerships, and mergers and acquisitions to strengthen their market presence and expand their customer base. Continuous innovation and the development of advanced and specialized laboratory chemicals are essential to gain a competitive edge. Additionally, players focus on maintaining high-quality standards, adhering to regulatory requirements, and providing efficient customer support and services to differentiate themselves in the market.

Top Player’s Company Profiles

  • Lonza Biologics Ltd (Switzerland)
  • PerkinElmer Inc. (US)
  • bioMerieux (France)
  • GE Healthcare (US)
  • EMD Chemicals Inc. (US)
  • Shimadzu Biotech (Japan)
  • Takara Bio Inc. (Japan)
  • Sigma-Aldrich Corporation (US)
  • Thermo Fisher Scientific Inc. (US)
  • Agilent Technologies Inc. (US)
  • Waters Corporation (US)
  • Avantor Inc. (US)
  • Wako Pure Chemical Industries Ltd. (Japan)
  • Sartorius AG (Germany)
  • Roche Diagnostics (Switzerland)
  • MilliporeSigma (US)
  • Bio-Rad Laboratories Inc. (US)

Recent Developments

  • In May 2023, Calibre Scientific announced the acquisition of Chemos GmbH & Co. KG, a supplier of ready-to-use laboratory chemicals, reagents and standards to analytical laboratories and raw materials to the chemical, food and pharmaceutical manufacturing industries. Based in Altdorf, Germany, Chemos provides a critical chemical sourcing capability that can be leveraged across the entire Calibre Scientific portfolio.

     

  • In May 2023, Sasol Chemicals opened a new research, development, and analytics (RD&A) laboratory in Brunsbüttel, Germany.

Laboratory Chemicals Key Market Trends

  • One key market trend in the global laboratory chemicals market is the increasing adoption of automation and digitization in laboratory processes. Automation technologies, such as robotic sample handling, high-throughput screening, and automated data analysis, are being implemented to streamline laboratory workflows, improve efficiency, and enhance accuracy in results. Additionally, the integration of digital solutions, such as laboratory information management systems (LIMS) and electronic lab notebooks (ELNs), enables seamless data management, data sharing, and remote collaboration. This trend towards automation and digitization is revolutionizing laboratory operations and driving advancements in the laboratory chemicals market.

Laboratory Chemicals Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our Global Laboratory Chemicals Market analysis, the market is driven by the increasing demand for high-quality chemicals to support advancements in pharmaceuticals, biotechnology, and healthcare. The dominant segments in terms of type and application vary, with biochemistry being the dominant segment and healthcare being the dominant application segment. The market is characterized by intense competition, with numerous regional and international players vying for market share. Key market trends include the adoption of automation and digitization in laboratory processes, enabling streamlined workflows and improved efficiency. However, stringent regulatory requirements can act as restraints on market growth. Overall, the global market continues to evolve with technological advancements and growing research activities across various sectors.

Report Metric Details
Market size value in 2023 USD 3.4 billion
Market size value in 2031 USD 5.37 billion
Growth Rate 5.2%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Cytokine and chemokine testing, biochemistry, molecular biology, environmental testing, cell/tissue culture, carbohydrate analysis and others
  • Application
    • Government, education, industrial, and healthcare
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Lonza Biologics Ltd (Switzerland)
  • PerkinElmer Inc. (US)
  • bioMerieux (France)
  • GE Healthcare (US)
  • EMD Chemicals Inc. (US)
  • Shimadzu Biotech (Japan)
  • Takara Bio Inc. (Japan)
  • Sigma-Aldrich Corporation (US)
  • Thermo Fisher Scientific Inc. (US)
  • Agilent Technologies Inc. (US)
  • Waters Corporation (US)
  • Avantor Inc. (US)
  • Wako Pure Chemical Industries Ltd. (Japan)
  • Sartorius AG (Germany)
  • Roche Diagnostics (Switzerland)
  • MilliporeSigma (US)
  • Bio-Rad Laboratories Inc. (US)
Customization scope

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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Laboratory Chemicals Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Laboratory Chemicals Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Laboratory Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Laboratory Chemicals Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Laboratory Chemicals Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Laboratory Chemicals Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Laboratory Chemicals Market size was valued at USD 3.4 billion in 2022 and is poised to grow from USD 3.58 billion in 2023 to USD 5.37 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2024-2031).

The competitive landscape of the laboratory chemicals market is characterized by intense competition among numerous players. The market is highly fragmented, with a large number of regional and international manufacturers and suppliers vying for market share. Key strategies employed by market players include product development, collaborations, partnerships, and mergers and acquisitions to strengthen their market presence and expand their customer base. Continuous innovation and the development of advanced and specialized laboratory chemicals are essential to gain a competitive edge. Additionally, players focus on maintaining high-quality standards, adhering to regulatory requirements, and providing efficient customer support and services to differentiate themselves in the market. 'Lonza Biologics Ltd (Switzerland)', 'PerkinElmer Inc. (US)', 'BD Biosciences (US)', 'bioMerieux (France)', 'Beckman Coulter Inc. (US)', 'GE Healthcare (US)', 'EMD Chemicals Inc. (US)', 'Meridian Life Science Inc. (US)', 'Shimadzu Biotech (Japan)', 'Takara Bio Inc. (Japan)', 'Sigma-Aldrich Corporation (US)', 'Thermo Fisher Scientific Inc. (US)', 'Agilent Technologies Inc. (US)', 'Waters Corporation (US)', 'Avantor Inc. (US)', 'Wako Pure Chemical Industries Ltd. (Japan)', 'Sartorius AG (Germany)', 'Roche Diagnostics (Switzerland)', 'MilliporeSigma (US)', 'Bio-Rad Laboratories Inc. (US)'

One key driver of the laboratory chemicals market is the increasing demand for innovative and high-quality chemicals to support research and development activities. As scientific advancements continue to drive progress in pharmaceuticals, biotechnology, and other scientific fields, there is a growing need for specialized laboratory chemicals that enable accurate analysis, experimentation, and discovery.

One key market trend in the laboratory chemicals market is the increasing adoption of automation and digitization in laboratory processes. Automation technologies, such as robotic sample handling, high-throughput screening, and automated data analysis, are being implemented to streamline laboratory workflows, improve efficiency, and enhance accuracy in results. Additionally, the integration of digital solutions, such as laboratory information management systems (LIMS) and electronic lab notebooks (ELNs), enables seamless data management, data sharing, and remote collaboration. This trend towards automation and digitization is revolutionizing laboratory operations and driving advancements in the laboratory chemicals market.

North America dominated the laboratory chemicals market. North America has a strong research infrastructure, a robust pharmaceutical industry, and a well-established healthcare system. The region is characterized by significant investments in research and development, technological advancements, and a high demand for laboratory chemicals across various scientific disciplines. Moreover, the presence of key market players and academic institutions further contributes to the dominant position of North America in the laboratory chemicals market.

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