Analytical Standards

Analytical Standards

Global Analytical Standards Market to Reach US$2.3 Billion by 2030

The global market for Analytical Standards estimated at US$1.5 Billion in the year 2023, is expected to reach US$2.3 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2023-2030. Organic Analytical Standards, one of the segments analyzed in the report, is expected to record a 6.9% CAGR and reach US$1.4 Billion by the end of the analysis period. Growth in the Inorganic Analytical Standards segment is estimated at 5.8% CAGR over the analysis period.

The U.S. Market is Estimated at US$583.0 Million While China is Forecast to Grow at 8.5% CAGR

The Analytical Standards market in the U.S. is estimated at US$583.0 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$343.4 Million by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.1% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.

Global Analytical Standards Market – Key Trends & Drivers Summarized

Why Are Analytical Standards Essential in Modern Science and Industry?

Analytical standards are critical tools in modern scientific and industrial applications, ensuring accuracy, consistency, and reliability in testing and measurement. These standards serve as benchmarks for validating methodologies, calibrating instruments, and ensuring regulatory compliance across diverse sectors such as pharmaceuticals, food and beverage, environmental monitoring, and forensics. In the pharmaceutical industry, analytical standards are essential for drug development, ensuring that formulations meet stringent safety and efficacy requirements. Similarly, in the food industry, they play a vital role in detecting contaminants, verifying nutritional content, and ensuring compliance with global safety standards. Environmental agencies depend on analytical standards to monitor pollutants in air, water, and soil, while forensic laboratories use them to analyze trace evidence. The increasing complexity of testing requirements across these industries underscores the indispensable role of analytical standards in maintaining quality and safety.

How Are Advancements in Technology Enhancing Analytical Standards?

Technological advancements are driving significant innovation in analytical standards, making them more precise, reliable, and application-specific. High-performance analytical instruments, such as liquid chromatography-mass spectrometry (LC-MS) and gas chromatography-mass spectrometry (GC-MS), require standards that can match their precision and sensitivity. Manufacturers are developing highly stable and pure analytical standards to meet the demands of these sophisticated technologies. The rise of isotope-labeled standards has further improved quantification accuracy, particularly in complex matrices. Moreover, digital tools, such as cloud-based platforms, are simplifying the documentation and traceability of analytical standards, ensuring compliance with regulatory requirements. Advances in synthetic biology are also enabling the development of custom-made standards for novel applications, such as biologics and biosimilars. These innovations are enhancing the utility and accessibility of analytical standards across industries, ensuring their continued relevance in evolving markets.

What Trends Are Shaping the Analytical Standards Market Globally?

The analytical standards market is being shaped by several transformative trends that reflect the changing priorities of industries and regulators. The growing emphasis on environmental sustainability has led to a surge in demand for standards related to pollution monitoring and waste management. In the pharmaceutical sector, the shift towards biologics and personalized medicine is driving the development of specialized standards for complex biomolecules. The increasing globalization of trade has heightened the need for harmonized analytical standards, ensuring consistency and comparability across international borders. The food industry’s focus on clean labels and allergen testing is another significant trend, necessitating the use of advanced analytical standards to verify product claims. Additionally, the emergence of cannabis testing and the expansion of forensic applications are creating new opportunities for market growth. These trends highlight the dynamic nature of the analytical standards market, driven by evolving industry needs and regulatory landscapes.

What Factors Are Driving Growth in the Analytical Standards Market?

The growth in the analytical standards market is driven by several factors, including increasing regulatory scrutiny across industries such as pharmaceuticals, food and beverage, and environmental monitoring. The growing complexity of analytical testing requirements, driven by advancements in technology and the rising prevalence of novel materials, is fueling demand for high-quality and application-specific standards. The pharmaceutical industry’s focus on quality control and compliance with global regulatory frameworks is a major driver, as is the food industry’s need to ensure safety and authenticity in an increasingly health-conscious market. Consumer behavior trends, such as the demand for transparency and sustainability, are encouraging industries to adopt stringent testing protocols supported by analytical standards. Additionally, the rapid expansion of research activities in biotechnology, forensics, and environmental sciences is further boosting market growth. Together, these factors underscore the critical importance of analytical standards in supporting innovation, compliance, and quality assurance across diverse applications.

SCOPE OF STUDY:

The report analyzes the Analytical Standards market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Category (Organic Analytical Standards, Inorganic Analytical Standards); Technique (Spectroscopy Technique, Chromatography Technique, Titrimetry Technique, Physical Property Testing Technique); Methodology (Bioanalytical Testing, Stability Testing, Raw Material Testing, Dissolution Testing, Other Methodologies); Application (Pharmaceutical & Life Science Analysis Application, Environmental Analysis Application, Food & Beverage Analysis Application, Petrochemical Analysis Application, Forensic Standards Application, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Latin America; Rest of World.

Select Competitors (Total 46 Featured) -

• AccuStandard, Inc.
• Agilent Technologies, Inc.
• Cayman Chemical
• GFS Chemicals Inc.
• Honeywell Research Chemicals
• LGC Standards
• Mallinckrodt Pharmaceuticals plc
• Merck KGaA
• PERKINELMER, INC.
• Restek Corporation
• RICCA CHEMICAL COMPANY
• Shimadzu Corporation
• SPEX CertiPrep
• Thermo Fisher Scientific Inc.
• Waters Corporation

Please note: Reports are sold as single-site single-user licenses. Electronic versions require 24-48 hours as each copy is customized to the client with digital controls and custom watermarks. The Publisher uses digital controls protecting against copying and printing is restricted to one full copy to be used at the same location.

The latest version of Adobe Acrobat Reader is required to view the report. Upon ordering an electronic version, the Publisher will provide a link to download the purchased report.

Prior to fulfillment of an order, the client will be required to sign a document detailing the purchase terms for a publication from this publisher.