Laboratory chemical reagents are a series of chemicals used in chemical analysis, synthesis, separation and other fields. Laboratory chemical reagents have wide applications in agriculture, health care, life sciences, inspection and quarantine, environmental protection, energy development, national defense industry, scientific research, etc. Reagents offers a wide variety of chemicals and solutions suited for laboratory testing of incoming raw materials, in process testing, and the testing of finished products.
Based on QYResearch’s recent survey, it is expected that Laboratory Chemical Reagents will grow by a 6.33% in 2021 and the market size will be 22565 Million USD in 2021 from US$ 21221 million in 2020. The market size of Laboratory Chemical Reagents will reach US$ 35347 Million in 2028, with a CAGR of 6.62% from 2021 to 2028.
Global Laboratory Chemical Reagents Market- Key Players
Merck, Thermo Fisher Scientific, TCI, American Element, Sinopharm, Xilongchemical, ABCR, BOC Sciences, Wako-chem, Kanto, Glentham Life Sciences, JHD, SRL Chemical, Applichem, JUNSEI, Euroasia Trans Continental, Aladdin, Jkchemical, are some of the key players, functioning in the global Laboratory Chemical Reagents market. Merck, Thermo Fisher Scientific, TCI are three giants in the industry. Apart from those three companies, there are still numerous companies engaged in the industry. In 2020, three top 3 manufacturers own about 38% market share.
Global Laboratory Chemical Reagents Market: Segmental Analysis
On the basis of product type, the global Laboratory Chemical Reagents market is segmented into Solvents, Acids, Standards, Dyes, Solutions, etc.. Solutions are the most widely used type, holding more than 33% market share globally. Standards type is the follower, which also owns about 24% share. Many of the reagents used in science are in the form of solutions. Generally, refers to a solution of a solid reagent.
Standards reagents are widely used in analytical chemistry, such as identify and determine the concentration of a substance whose concentration is unknown.
Commonly available standards and reagents include acids, bases, buffers, titrants, carbon standards, viscosity standards, compendial reagents, elemental analysis standards, chemicals used for specific instrument calibrations and chemicals for standardizing chromatographic and other analytical methods. Standards are also utilized in the clinical and in vitro settings, such as hematology and microbiology. Purified, validated, graded laboratory water is considered a reagent as well, and can either be produced using certified equipment or can be purchased.
According to customer types, laboratory chemical reagents are widely used in government, academic, industry, pharma, environmental institutions. In 2020, laboratory chemical reagents for academic and pharma fields occupied more than 62% of total amount. With global higher scientific research investment from government, enterprises, research institutions, schools, etc. the demand for laboratory chemical reagents is expected to increase during the remaining years of the forecast period of 2021-2028. Laboratory chemical reagents industry will usher in a stable growth space.
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