LAMEA 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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Market Report Description
The Latin America, Middle East and Africa Process Spectroscopy Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Spectroscopy techniques have a number of advantages in terms of lowering the comprehensive cost of monitoring operations and saving time. Some of the growing application areas of process spectroscopy include increased usage spectroscopy in the drug safety process, requirement for reliable water and wastewater treatment, and an increase in oil and gas process operation. The market is witnessing the customer awareness of the necessity of good product quality grows.
Metals in drug samples can be accurately detected using spectroscopy techniques. In multiple regions, there is a growing focus on drug safety standards, which is boosting market growth. In addition, industry-wide quality awareness is increasing, along with a growing focus on lowering operational costs. With the advent of continual manufacturing processes, various government legislation addressing process monitoring systems need enhanced spectroscopic analysis.
For many educational and training institutions in the Middle East and Gulf region, there are several top providers of Raman spectroscopy. This organisation has a long history of providing such instruments and has contracts with numerous international manufacturers of scientific instruments that have been creating them for many years. The quick, non-destructive chemical analysis of solid, liquids, and gas is made possible by the Raman Effect. Raman spectroscopy is now used in a wide range of disciplines, from basic science to applied science in this region.
The Brazil market dominated the LAMEA Process Spectroscopy Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $429.4 million by 2028. The Argentina market showcase a CAGR of 10.9% during (2022 - 2028). Additionally, The UAE market is poised to grow 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Saudi Arabia
- South Africa
- Rest of LAMEA
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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