Asia Pacific Process Spectroscopy Market Size, Share & Industry Trends Analysis Report By Technology, By Component, By Application (Pharmaceutical, Food & Agriculture, Polymer, Chemical, Water & Wastewater, Pulp & Paper, Metal & Mining), By Country and Growth Forecast, 2022 - 2028
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Get in-depth analysis of the COVID-19 impact on the Asia Pacific Process Spectroscopy Market
Market Report Description
The Asia Pacific Process Spectroscopy Market would witness market growth of 9.3% CAGR during the forecast period (2022-2028).
Next-generation cloud-based spectroscopy has the flexibility to scale up & down and calculate resources to fit changing workloads. Additionally, the use of Process Analytical Technology (PAT) to ensure high-quality final product performance gives aextra advantages. For drug manufacture and water and wastewater treatment, process spectroscopes are commonly utilized in bioreactors, slipstreams, reaction vessels, and large volumetric sensors.
As a result, the technique is rapidly gaining popularity among the general public for assessing, monitoring, and managing various industrial processes, as well as detecting faults in product materials. Other factors, such as the widespread use of spectroscopic techniques in the forensic industry to identify organic molecules and substances at crime scenes, as well as intensive research and development (R&D) activities, are expected to propel the process spectroscopy market forward.
ATR-FTIR may be used as a quick COVID-19 screening test using plasma or nasopharyngeal swabs, according to two recent investigations. It is predicted by regional researchers that the ATR-FTIR spectra of plasma specimens would distinguish between severe and non-severe disease, given the known blood biochemistry changes in severe disease. For example, The Institutional Review Board at Kasturba Hospital for Infectious Diseases and the Institute Ethics Committee at IIT Bombay gave the clearance for the collection of all plasma samples.
The China market dominated the Asia Pacific Process Spectroscopy Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,148.3 million by 2028. The Japan market is expected to witness a CAGR of 8.7% during (2022 - 2028). Additionally, The India market is expected to witness a CAGR of 10% during (2022 - 2028).
Based on Technology, the market is segmented into Molecular (Near Infrared (NIR), Raman, Nuclear Magnetic Resonance (NMR), Fourier-Transform Infrared (FT-IR), and Others), Mass, and Atomic. Based on Component, the market is segmented into Hardware and Software. Based on Application, the market is segmented into Pharmaceutical, Food & Agriculture, Polymer, Chemical, Water & Wastewater, Pulp & Paper, Metal & Mining, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., ABB Group, Bruker Corporation, Horiba Ltd., Agilent Technologies, Inc., Danaher Corporation, Shimadzu Corporation, Yokogawa Electric Corporation, Sartorius AG and BUCHI Labortechnik AG.
Scope of the Study
Market Segments Covered in the Report:
- Food & Agriculture
- Water & Wastewater
- Pulp & Paper
- Metal & Mining
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Thermo Fisher Scientific, Inc.
- ABB Group
- Bruker Corporation
- Horiba Ltd.
- Agilent Technologies, Inc.
- Danaher Corporation
- Shimadzu Corporation
- Yokogawa Electric Corporation
- Sartorius AG
- BUCHI Labortechnik AG.
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