UV visible Molecular Spectroscopy Market is one of the instrument technologies that companies are requesting more frequently. Accordingly, a number of environmental rules and laws in the US, such as the Safe Drinking Water Act (SDWA), the Resource Conservation and Recovery Act (RCRA), and the Clean Water Act (CWA), require the use of molecular spectroscopy equipment.
By 2032, the market for molecular spectroscopy, which was valued at US$ 7 billion in 2022, is expected to have grown to US$ 14 billion, with a compound yearly growth rate (CAGR) of 7.2% by 2032. The most recent market report from Future Market Insights, “Molecular Spectroscopy Market,” has these specifics as well as other details. Its team of analysts and consultants do primary, secondary, and tertiary research using a 360-degree strategy.
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Mining and chemicals are a couple of the other application domains for measuring environmental effect. The production process must include additional phases like performance characteristic verification, feature evaluation and qualification, installation and system operation validation, and more in order to meet high quality criteria. This indisputable fact makes molecular spectroscopy equipment pricey. This is really challenging for the key players. This factor may soon put a cap on the molecular spectroscopy sector’s expansion.
In the foreseeable future, NMR spectroscopy is anticipated to grow significantly. It’s one of the analytical chemistry methods used in research and quality control to assess the sample’s molecular composition and purity. NMR spectroscopy has the advantage of requiring less work than other methods. Additionally, it is a non-destructive procedure that does keep the molecules under investigation.
With its team of analysts and consultants present to ride on a 360-degree view with macros and micros well-placed, Future Market Insights has strolled through these aspects with future possibilities in its most recent market analysis titled “Molecular Spectroscopy Market.”
“With growing concerns regarding food safety coupled with exponentiation in biotechnology and pharmaceutical verticals, the global molecular spectroscopy market is expected to grow on an astonishing note in the near future”, says an analyst from Future Market Insights.
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Key Takeaways from Molecular Spectroscopy Market:
- North America holds the largest market share due to remarkable investments by the policymakers and governing bodies in life sciences and medical sciences in the US.
- Europe is led by France, Spain, Germany, and the UK, as they are housing hordes of pharmacy companies.
- The Asia-Pacific is expected to grow at the fastest rate in the molecular spectroscopy market with countries like India and China opening an arena for opportunities.
Competitive Spectroscopy:
- Agilent Technologies Inc., in March 2020, did announce introducing a new-fangled handheld instrument for molecular spectroscopy for adding to ‘Raman Technology’.
- trinamiX GmbH (a wholly-owned subsidiary and spin-off of BASF SE based out of Ludwigshafen), in March 2020, did come up with a novel mobile NIR (near infrared) spectroscopy solution for rendering affordability to spectroscopy tools and also to be accessible to end-users beyond laboratory and factory applications.
- Bruker Corporation, in October 2020, did table high-performance Fourier 80 system in Europe. It comes across as a next-gen 80 MHz FT-NMR (Fourier Transform Nuclear Magnetic Resonance) benchtop spectrometer.
- JASCO Corporation, in March 2021, did launch new-fangled spectrum of fluorescence spectrophotometers (FP-8050 Series) including 5 instruments covering the applications for analyzing environmental, biological, materials, and chemicals.
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What does the Report encompass?
- The research study is based on type (infrared spectroscopy, NMR (Nuclear Magnetic Resonance) spectroscopy, color measurement spectroscopy, Raman spectroscopy, NIR (Near-Infrared) spectroscopy, and ultraviolet visible (UV-Vis) spectroscopy), and by application (research institutes, food & beverages testing, pharmaceuticals, environmental testing, biote, and likewise).
- The fact that molecular photophysics & spectroscopy instruments turn out to be effective in detection of hazardous outcomes of industrial activities is bound to help molecular spectroscopy market grow with grandeur in the years to come.
Key Segment:
By Type:
- Infrared Spectroscopy
- Nuclear Magnetic Resonance (NMR) Spectroscopy
- Color Measurement Spectroscopy
- Raman Spectroscopy
- Near-Infrared (NIR) Spectroscopy
- Ultraviolet Visible (UV-Vis) Spectroscopy
By Application:
- Research Institutes
- Food and Beverages Testing
- Pharmaceuticals
- Environmental Testing
- Biote
- Others
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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