Stratview Research delivers key insights on the global Laboratory Chemicals Market.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2021 and an uptrend is witnessed from 2022.
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Market Insights
The Laboratory Chemicals Market was accounted for US$ 730.4 Mn in terms of value in 2021 and is expected to grow at CAGR of 9.0% for the period 2022-2028.
Profiling Key Companies –
Avantor, Inc.
Becton
Dickinson and Company
Beckman Coulter Inc.
BiosYnth S.r.l.
CARLO ERBA Reagents S.r.l.
GE Healthcare
PanReac AppliChem
Merck KGaA
Meridian Life Science, Inc.
MORPHISTO GmbH
Growth drivers and Market Value:
This report, from Stratview Research, studies the Laboratory Chemicals Market value and growth drivers over the trend period of 2022-27. According to the report -
Laboratory Chemicals market is likely to growth with a healthy CAGR of 4.7% over the next five years. Rising trend for wastewater treatment and sewage water treatment plant in the developing economies coupled advancements in laboratory chemicals is likely boost its demand over the next five years.
Segment Analysis:
Based on Application Type:
Based on the application type, the laboratory chemicals market is segmented as industrial, education, government, and healthcare. The industrial segment is likely to remain the largest application of the market during the forecast period, owing to wider usage of chemicals for industrial processes, such as for bromination, acid chloride preparations, carboxylation, ion-exchange reactions, cryogenic reactions, and nitration.
Based on Region:
In terms of regions, Europe to maintain its supremacy in the market during the forecast period, with the Italy being the key growth engines of the region’s market. Asia-Pacific is expected to be the fastest growing market over the next five years, propelled by China and India. China is one of the largest markets for chemical industry in the world.
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Covid Impact
This informative research report also includes the most recent global events concerning the coronavirus pandemic. The report provides a detailed analysis of the pandemic's impact and the industry's economic scenario. The report consists of tables, graphs, charts, figures, and diagrams, that are used to graphically represent important statistical information.
- Appropriate market trend and forecast analysis.
- All-inclusive report
- Decent price-performance ratio
- Reliable data
- Attractive market segments and associated growth opportunities.
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