Global Particle Size Analysis Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Particle Size Analysis Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Global particle size analysis market is expected to register a CAGR of 5% during the forecast period. Numerous industries are using particle size analysis extensively. At first, they were widely used in the manufacturing, cosmetics, and healthcare sectors. Particle size analysis possibilities are being created in other industries as well, though, as a result of the growing advances in nanotechnology.

Key Highlights

• Particle size analysis has significantly evolved beyond milling, sieving, and other material processing processes in recent years to meet industry requirements. This has sped up the particle characterization process while ensuring 100% accuracy each and every time. Three different particle sizing techniques are now frequently used in labs and organizations all over the world.
• In addition, research by the University of Utah School of Medicine and ARUP Laboratories found that a typical clinical laboratory receives more than 5,000 specimens every day, the majority of which arrive between the hours of 21:00 and 3:00. These specimens are reportedly purchased, delivered, and shipped in almost 200 containers with 320 different tracking and shipment slips. With so many specimens and complicated handling procedures, there is a great need for rapid estimating techniques like laser diffraction, etc.
• Particle size analysis is necessary for many items in the food and beverage sector to guarantee consistency in the final product. Particle size is an important factor since it affects mouthfeel, flavour, and stability (in the case of emulsions like high-concentration flavour compounds). Food colloids are analyzed using a variety of methods, including rheology, ultrasonic spectroscopy, and DLS. However, each of these methods necessitates some type of sample modification before measurement, despite the fact that they all yield useful information about the system they measure.
• Additionally, the COVID-19 pandemic may have a negative impact on the market size further in 2020, with small- and medium-scale companies struggling to sustain their businesses in the near-term future. Currently, the market growth is being supported by the pharmaceutical sector, and therefore, the growth is dependent on the sector’s activities in the region. In contrast, some countries offer huge growth potential, mostly in the pharma sector, while other sectors face closures and low-profit margins.​
• The decreased demand has pushed the chemical industry into an oversupply situation that was already looming before the COVID-19 crisis. The automotive, transportation, and consumer products sectors are among the hardest hit end markets, with the demand for chemicals falling by up to 30%. On the other hand, the demand for pharmaceuticals, food additives, and disinfectants is peaking, and the chemical companies exposed to these sectors are reporting record outbound volumes. ​

Key Market TrendsFood, Beverage and Nutrition is Expected to Hold Significant Share

• Proper particle characterization of food products requires a range of analytical instrumentation. Hence, various particle size analysis technologies are applied, including laser diffraction, dynamic light scattering, and image analysis in the food industry. For instance, sugar is an essential food commodity where particle size distribution control is critical for consistent quality. Sieving has been the traditional test method for measuring the particle size of sugar.
• In addition to increasing consumption and production of coffee across the world, there are about 40 different known varieties of coffee beans, which in various blends and degrees of roasting, determine the aroma, taste, and brewing behaviour of the popular beverage. Besides the selection of green coffee, roast, and mixing, the grinding degree of the coffee powder is also crucial for coffee preparation. For instance, for preparing espresso or Turkish coffee, a fine grind with grain sizes below 1 mm is required; for standard drip brewed and filtered coffee, particle size is below 1.5 mm. For Scandinavian, French press, or American brewed coffee, it is just below 3 mm.
• Moreover, further inspired by capsule technology, the coffee industry is always bringing new types of coffee into the market that continues to stimulate consumption. This increases the need for quality control, particularly concerning the size distribution of coffee powder, thereby driving the adoption of particle size analysis. Chocolate is one more product that can benefit from laser diffraction. Mouthfeel, which describes eating chocolate's optimal creaminess, is a critical factor in delivering a significantly superior consumer experience. As chocolate is a combination of milk solids and cocoa powder, particle size analysis could help chocolate producers manipulate their production process to maximize customer satisfaction.
• As many food products include powdered ingredients and the mouth, tooth, tongue feel, and other characteristics of bread, cakes, pasta, etc., the significance of particle size distribution and analysis has increased. Also, controlling the particle size distribution in food and beverages is important to ensure consistent quality. For example, smaller particle sizes are used in milk and lactic acid beverages to prevent differences in concentration and taste between the upper and lower portions of the container.
• The above applications, hence, demand particle size analyzers for measuring the size of powders, emulsions, and dispersions, from nanometers to millimetres. Particle size analysis of food and beverage products manages reaction rate, dissolution rate, packing density, product appearance, texture, etc.

North America is Expected to Hold Significant Share

• Due to its early and widespread acceptance of these technologies and their industrial applications, the North American region is anticipated to lead the particle size analysis market over the forecast period.
• The market for these technologies is anticipated to expand further in the region as a result of the federal government's strong support for funding to academic institutions and businesses to develop highly sensitive particle size analysis instruments.
• Chemical companies in the US and Canada are able to expand or upgrade their facilities thanks to the support of governmental policies and competitively priced natural gas. Therefore, a key driver that is anticipated to propel the particle size analysis market throughout the forecast period is the expansion of the local chemical sector.
• Additionally, North America saw the fastest uptake of cutting-edge medical technology. The region's healthcare industry is expanding rapidly as a result of advances in nanosensor and particle analysis technologies, which is anticipated to increase demand for particle size analysis there.
• High R&D expenditures in nanotechnology are also found in the North American region. Most nanotechnology patents are held by the United States, followed by Canada. Another factor driving many manufacturers to boost their investments in the technology is the growing use of nanoparticle tracking analysis for concentration and size assessments of drug-delivery nanoparticles.

Competitive Landscape

The particle size analysis market is moderately competitive and consists of several major players. In terms of market share, a few of the significant players are dominating the market. However, with the growing demand across various end-user industries, most companies are expanding their business footprints in emerging economies. Also, the level of market penetration of particle size analyzers is very high, and innovations and patents are filed every year. Market incumbents that have substantial R&D capabilities or startups with top product distinction often prosper in the market. Key players are Malvern Panalytical Ltd, Horiba Ltd, Agilent Technologies Inc., etc.

• February 2022 - Agilent Technologies Inc. announced that it had acquired advanced artificial intelligence (AI) technology developed by Virtual Control, an AI and machine learning software developer that creates innovative analysis solutions in lab testing. Agilent will integrate the software, known as ACIES, into its industry-leading gas chromatography and mass spectrometry (GS/MS) platforms to improve the productivity, efficiency and accuracy of high-throughput labs the company serves around the world.
• May 2022 - HORIBA Medical announces that it will be showcasing the very latest additions to its Yumizen G range of hemostasis analyzers and reagents at ISTH 2022 Congress. The new generation of HORIBA Medical Yumizen G800 and G1550 automated analyzers are designed for managing the coagulation, thrombophilia diagnostics and monitoring requirements of clinical laboratories with mid- to high-workloads.

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