TGA (Thermogravimetric Analysis) Research:CAGR of 4.0% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “TGA (Thermogravimetric Analysis)- Global Market Share and Ranking, Overall Sales and Demand Forecast 2026-2032”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2026-2032), this report provides a comprehensive analysis of the global  TGA (Thermogravimetric Analysis)  market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for TGA (Thermogravimetric Analysis) was estimated to be worth US$ 162 million in 2025 and is projected to reach US$ 211 million, growing at a CAGR of 4.0% from 2026 to 2032.

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TGA (Thermogravimetric Analysis) Market Summary

 

TGA, or Thermogravimetric Analysis, is a thermal analysis technique that continuously measures changes in sample mass as a function of temperature or time under a controlled temperature program and defined atmosphere. It is used to identify moisture, volatile components, thermal decomposition, oxidation, reduction, combustion residue, ash content, and compositional changes in multi-component systems. A typical TGA instrument consists of a high-precision microbalance, furnace, temperature control unit, atmosphere control system, data acquisition software, and optional hyphenated modules. When combined with DSC, FTIR, or MS, TGA can move beyond simple mass-loss measurement to interpret evolved gases, degradation mechanisms, and material thermal behavior. Both Mettler Toledo and TA Instruments define TGA as a technique that measures sample mass changes during heating, cooling, or isothermal conditions.

The standards and regulatory environment is reinforcing the methodological value of TGA. ASTM E1131 uses thermogravimetry to determine highly volatile matter, medium volatile matter, combustible material, and ash content, and applies to both solids and liquids. Testing organizations also position TGA as a material thermal analysis method aligned with ASTM E1131 and ISO 11358. In pharmaceuticals, ICH Q3C defines acceptable levels for residual solvents, supporting stronger demand for volatile content, moisture, thermal stability, and process-residue-related analysis. In new energy applications, the EU Battery Regulation sets requirements related to battery performance, durability, and safety, while battery material developers increasingly need thermal stability, active material content, separator identification, and electrolyte thermal behavior analysis.

Technologically, TGA is evolving from single mass-loss testing toward high sensitivity, autosampling, controlled atmosphere analysis, fast heating, low baseline drift, hyphenated analysis, and smarter data workflows. NETZSCH highlights ultra-sensitive weighing systems, low baseline drift, and faster result generation in its newer TGA platforms. On the demand side, customers are no longer asking only “at what temperature does the material decompose?” They increasingly care about formulation stability, batch consistency, processing windows, failure mechanisms, lifetime estimation, and compliance documentation. TGA is therefore shifting from a laboratory characterization tool to a core analytical platform for material commercialization and quality-system development.

Opportunities and Application Scenarios

The first major opportunity lies in polymers, composites, and advanced manufacturing. Plastics, rubber, coatings, adhesives, carbon-fiber composites, electronic encapsulation materials, flame-retardant systems, and recycled materials all rely on TGA to analyze moisture, fillers, carbon black, polymer degradation zones, and ash residue. For corporate R&D teams, a TGA curve is more than a test result; it is a key piece of evidence for customer qualification, processing-temperature tolerance, and end-use safety compliance.

The second opportunity comes from the new energy and battery value chain. Cathode materials, anodes, binders, separators, electrolyte additives, solid electrolytes, thermal protection materials, and recycled black mass all require thermal stability and compositional analysis. TGA can be used to determine active material content in battery materials, while TGA-FTIR can help identify separator materials, additives, plasticizers, and processing residues. As power batteries, energy storage batteries, and recycled materials face stricter safety and compliance requirements, TGA will become a high-frequency tool in battery material development, release testing, and safety assessment.

The third opportunity lies in pharmaceuticals, food, chemicals, and environmental testing. TGA can support drug-excipient thermal stability studies, moisture and volatile content testing, residue evaluation, food ingredient thermal behavior analysis, loss-on-ignition testing for catalysts and inorganic materials, and compositional identification of plastic waste and biomass. Intertek lists TGA applications across polymers, plastics, composites, laminates, adhesives, food, coatings, pharmaceuticals, organic materials, rubber, petroleum, chemicals, and biological samples, showing how the technology has evolved into a cross-industry thermal analysis platform.

Risks and Uncertainties

The TGA market faces three main risks. First, high-end instruments have strong brand barriers. Microbalance stability, temperature-control accuracy, atmosphere control, baseline drift, software algorithms, and after-sales service all determine customer trust, making it difficult for new entrants to quickly penetrate advanced research, pharmaceutical, and battery customer groups. Second, downstream spending can be cyclical, especially in universities, research institutes, and corporate R&D departments, where capital expenditure depends on funding cycles, project timing, and macroeconomic conditions. Third, TGA results are highly method-dependent. Heating rate, atmosphere, sample mass, crucible type, calibration status, and data treatment can all affect curve interpretation. Without application method development and technical support, hardware alone is unlikely to create long-term customer loyalty. In addition, TGA is complementary with DSC, DMA, TMA, elemental analysis, FTIR, and MS, so customer purchasing decisions may increasingly shift from single-instrument buying to integrated thermal analysis platform configuration.

According to the new market research report “Global TGA (Thermogravimetric Analysis) Market Report 2026-2032”, published by QYResearch, the global TGA (Thermogravimetric Analysis) market size is projected to reach USD 0.21 billion by 2032, at a CAGR of 4.0% during the forecast period.

Figure00001. Global TGA (Thermogravimetric Analysis) Market Size (US$ Million), 2021-2032

 

Above data is based on report from QYResearch: Global TGA (Thermogravimetric Analysis) Market Report 2026-2032 (published in 2024). If you need the latest data, plaese contact QYResearch.

 

Figure00002. Global TGA (Thermogravimetric Analysis) Top 26 Players Ranking and Market Share (Ranking is based on the revenue of 2025, continually updated)

 

Above data is based on report from QYResearch: Global TGA (Thermogravimetric Analysis) Market Report 2026-2032 (published in 2025). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of TGA (Thermogravimetric Analysis) include TA Instruments (Waters), Mettler-Toredo, NETZSCH, PerkinElmer, Shimadzu, Hitachi High-Tech, Linseis, SETARAM (KEP Technologies), LECO Corporation, ELTRA (VERDER), etc. In 2025, the global top 10 players had a share approximately 71.0% in terms of revenue.

 

Figure00003. TGA (Thermogravimetric Analysis), Global Market Size, Split by Product Segment

 

Based on or includes research from QYResearch: Global TGA (Thermogravimetric Analysis) Market Report 2026-2032.

 

In terms of product type, currently General-Pressure TGA Analyzer is the largest segment, hold a share of 75.2%.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The TGA (Thermogravimetric Analysis) market is segmented as below:
By Company
TA Instruments (Waters)
Mettler-Toredo
NETZSCH
PerkinElmer
Shimadzu
Hitachi High-Tech
Linseis
SETARAM (KEP Technologies)
LECO Corporation
ELTRA (VERDER)
Rigaku
Sundy
Beijing Henven
Nanjing Dazhan Testing Instrument
Beijing JWGB Sci & Tech
Nanjing Huicheng Instrument
SCINCO
Precisa (Techcomp)
Shanghai HESON
Shanghai Jiahang Instruments
Beijing Jingyi Gaoke Instrument
Beijing Beiguang Hongyuan Instrument
FLSmidth
Navas Instruments
Torontech
Sylab (Orbit Technologies)

Segment by Type
General-Pressure TGA Analyzer
High-Pressure TGA Analyzer


Segment by Application
Academic & Research
Chemical & Petrochemical
Pharma & Biotech
Food & Beverages
Energy & Batteries
Others


Each chapter of the report provides detailed information for readers to further understand the TGA (Thermogravimetric Analysis) market:

Chapter 1: Introduces the report scope of the TGA (Thermogravimetric Analysis) report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2021-2032)
Chapter 2: Detailed analysis of TGA (Thermogravimetric Analysis) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2021-2026)
Chapter 3: Provides the analysis of various TGA (Thermogravimetric Analysis) market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2021-2032)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2021-2032)
Chapter 5:  Sales, revenue of TGA (Thermogravimetric Analysis) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2021-2032)
Chapter 6:  Sales, revenue of TGA (Thermogravimetric Analysis) in country level. It provides sigmate data by Type, and by Application for each country/region.(2021-2032)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2021-2026)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.


Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth TGA (Thermogravimetric Analysis) competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides TGA (Thermogravimetric Analysis) comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides TGA (Thermogravimetric Analysis) market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.


Other relevant reports of QYResearch:
Global TGA (Thermogravimetric Analysis) Market Outlook, In‑Depth Analysis & Forecast to 2032
Global TGA (Thermogravimetric Analysis) Sales Market Report, Competitive Analysis and Regional Opportunities 2026-2032
Global TGA (Thermogravimetric Analysis) Market Research Report 2026


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