Process Spectroscopy Market Size Revenue & Regional Analysis |2024
Category: #tech  By Ashwin Naphade  Date: 2019-09-10
  • share
  • Twitter
  • Facebook
  • LinkedIn

Process Spectroscopy Market Size Revenue & Regional Analysis |2024

Process Spectroscopy Market is expected to grow at a CAGR of over 5% to exceed USD 1 billion by 2024. The market growth can be credited to the growing adoption of spectroscopic techniques in the food, agriculture and pharmaceutical sectors. Rising awareness of quality drugs & food coupled with several regulations imposed by the government & administrative authorities are the key factors which are projected to drive the process spectroscopy market.

Near infrared spectroscopy technology segment contributed more than 60.1% to total process spectroscopy market share for 2015 and is projected to register CAGR of more than 6.1% during forecast timeline. Growth of the segment can be credited to its increasing use in many sectors likebiogas plants, quality monitoring, plastics identification in chemical sector, food industry and paper production control.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/716

The NIR technology based process spectroscopy market accounted more than 60% of the overall industry share in 2015. Rising application of this technology in food industry, polymer, oil & gas, and pharmaceuticals industries is likely to produce high avenues for process spectroscopy industry. This technology is also used in chemical industry for plastic identification. Over the time span of coming seven years, the NIR technology is expected to be the largest technology segment.

Process analytical technology is a technique that plans, examines and controls production by determining parameters which affect critical value attributes. Food and Drug Administration framed process analytical technology framework to assure outstanding performance. All this has resulted in growing acceptance of the framework by many pharmaceutical firms in U.S. Due to this, U.S. process spectroscopy market is predicted to experience great impact of the framework in future.

Browse key industry insights spread across 89 pages with 48 market data tables & 42 figures & charts from the report, “Process Spectroscopy Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/process-spectroscopy-market

Asia Pacific process spectroscopy Market is expected to witness a significant growth over the forecast timeline. Various industry participants are progressively relocating manufacturing facilities and R&D owing to the presence of cheap labor and low resource cost which will catapult the regional growth.

The implementation of PAT framework by Food and Drug Administration (FDA) which aims at ensuring high quality product performance is anticipated to boost the process spectroscopy market growth. This has increased the adoption of process spectroscopy in pharmaceutical companies across the U.S. The equipment is enabling efficient process monitoring and also performs quality check, which thereby, aids in minimizing the variable expenditure involved by reducing errors as well as re-work.

Some Point from Table of Contents:

Chapter 4    Process Spectroscopy Technology Insights

4.1    Process Spectroscopy market share by technology, 2015 & 2024

4.2    NIR

4.2.1    Market estimates and forecasts by region, 2013 - 2024

4.3    FT-IR

4.3.1    Market estimates and forecasts by region, 2013 - 2024

4.4    Raman

4.4.1    Market estimates and forecasts by region, 2013 - 2024

Chapter 5    Process Spectroscopy Application Insights

5.1    Process Spectroscopy market share by application, 2015 & 2024

5.2    Polymer

5.2.1    Market estimates and forecasts by region, 2013 - 2024

5.3    Oil & gas

5.3.1    Market estimates and forecasts by region, 2013 – 2024

5.4    Pharmaceutical

5.4.1    Market estimates and forecasts by region, 2013 - 2024

5.5    Food & agriculture

5.5.1    Market estimates and forecasts by region, 2013 - 2024

5.6    Chemical

5.6.1    Market estimates and forecasts by region, 2013 – 2024

5.7    Others

5.7.1    Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/process-spectroscopy-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: [email protected] 
Web: https://www.gminsights.com

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Ashwin Naphade    

Ashwin Naphade

Ashwin is into digital marketing since the last 2 years and has worked on multiple projects across various industries. He likes posting information and knowledge on multiple topics with an objective to create online visibility as well as share his inputs. His interest...

Read More

More News By Ashwin Naphade

e-grocery Sales Market Size, Development, Key Opportunity, Application & Forecast to 2024
e-grocery Sales Market Size, Development, Key Opportunity, Application & Forecast to 2024
By Ashwin Naphade

The ' e-grocery Sales Market' research report added by Market Study Report, LLC, provides a succinct analysis on the recent market trends. In addition, the report offers a thorough abstract on the statistics, market estimates and revenue fore...

Digital Grocery Market Segmented by Product, Top Manufacturers, Geography Trends & Forecasts to 2024
Digital Grocery Market Segmented by Product, Top Manufacturers, Geography Trends & Forecasts to 2024
By Ashwin Naphade

Market Study Report, LLC adds latest research report on ' Digital Grocery Market', which delivers a comprehensive study on current industry trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates i...

Decision-support System (DSS) Market Size 2024 - Global Industry Sales, Revenue, Price trends and more
Decision-support System (DSS) Market Size 2024 - Global Industry Sales, Revenue, Price trends and more
By Ashwin Naphade

Market Study Report, LLC, has added the latest research on ' Decision-support System (DSS) market', which offers a concise outline of the market valuation, industry size, SWOT analysis, revenue approximation, and the regional outlook of this ...