Global FTIR Spectroscopy Market Overview
According to SPER Market Research, the Global FTIR Spectroscopy Market is estimated to reach USD 2.39 billion by 2032 with a CAGR of 4.82%.
The structure of individual molecules and the composition of molecular mixtures can be understood analytically using FTIR spectroscopy. By using infrared spectroscopy, it is possible to quantify the energy absorption across pharmaceutical samples that are solid, liquid, or gaseous. The whole FTIR spectrum is recorded in a fraction of a second by co-adding spectra, and signal-to-noise is increased. This is a significant advantage of FTIR spectroscopy over the conventional dispersive infrared technique.
In the fields of organic synthesis, polymer science, petrochemical engineering, the pharmaceutical sector, and food analysis, FT-IR spectrometers are frequently utilised. When developing new drugs, spectroscopy is mostly utilised in the pharmaceutical industry to discover unstable compounds, evaluate complex mixture components, and comprehend the mechanisms underlying chemical reactions. FT-IR is an analytical technique used in quality control analysis to determine whether the item complies with requirements and to pinpoint the root of faults when they do. For a quick and accurate identification of substances including blends, fillers, paints, rubbers, coatings, resins, and adhesives, the polymer and plastic sector relies on FT-IR Spectroscopy.
Impact of COVID-19 on the Global FTIR Spectroscopy Market
Due to the COVID-19 pandemic, there is a high demand for FTIR Spectrophotometers on the global market. This is because there is an increasing need for quicker research and because the public expects the scientific community to make unheard-of advances. Businesses had to react quickly and decisively to the pandemic's challenges on a global scale. Many established crisis management plans and teams weren't prepared for COVID-19's swift and unexpected consequences. However, businesses can benefit from the COVID-19 disruption by learning the correct lessons from the epidemic and enhancing their resilience for the next catastrophe.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Type, By Applications
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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| Companies Covered | ABB, Agilent Technologies, Inc., ARCoptix, Bruker, JASCO, Lumex Instruments, NETZSCh Group, PerkinElmer Inc., SHIMADZU CORPORATION, Thermo Fisher Scientific Inc., Torontech Inc.
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Global FTIR Spectroscopy Market Segmentation:
1. By Product:
- Benchtop FT-IR Spectrometers
- Portable FT-IR Spectrometers
- Others
2. By Type:
- Far-infrared FTIR
- Mid-infrared FTIR
- Near-infrared FTIR
3. By Application:
- Chemical
- Environmental
- Food & Packaging
- Forensics
- Pharmaceutical
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global FTIR Spectroscopy Market (FY’2019-FY’2032)
- Overview of Global FTIR Spectroscopy Market
- Segmentation of Global FTIR Spectroscopy Market By Product (Benchtop FT-IR Spectrometers, Portable FT-IR Spectrometers, Others)
- Segmentation of Global FTIR Spectroscopy By Type (Far-infrared FTIR, Mid-infrared FTIR, Near-infrared FTIR).
- Segmentation of Global FTIR Spectroscopy Market By Application (Chemical, Environmental, Food & Packaging, Forensics, Pharmaceutical, Semiconductors, Others).
- Statistical Snap of Global FTIR Spectroscopy Market
- Growth Analysis of Global FTIR Spectroscopy Market
- Problems and Challenges in Global FTIR Spectroscopy Market
- Competitive Landscape in the Global FTIR Spectroscopy Market
- Impact of COVID-19 and Demonetization on Global FTIR Spectroscopy Market
- Details on Recent Investment in Global FTIR Spectroscopy Market
- Competitive Analysis of Global FTIR Spectroscopy Market
- Major Players in the Global FTIR Spectroscopy Market
- SWOT Analysis of Global FTIR Spectroscopy Market
- Global FTIR Spectroscopy Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global FTIR Spectroscopy Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global FTIR Spectroscopy Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global FTIR Spectroscopy Market
7. Global FTIR Spectroscopy Market, By Product, 2019-2032 (USD Million)
7.1 Benchtop FT-IR Spectrometers
7.2 Portable FT-IR Spectrometers
7.3 Others
8. Global FTIR Spectroscopy Market, By Type, 2019-2032 (USD Million)
8.1 Far-infrared FTIR
8.2 Mid-infrared FTIR
8.3 Near-infrared FTIR
9. Global FTIR Spectroscopy Market, By Application, 2019-2032 (USD Million)
9.1 Chemical
9.2 Environmental
9.3 Food & Packaging
9.4 Forensics
9.5 Pharmaceutical
9.6 Semiconductors
9.7 Others
10. Global FTIR Spectroscopy Market, By Region, 2019-2032 (USD Million)
10.1 Global FTIR Spectroscopy Market Size and Market Share by Region (2019-2025)
10.2 Global FTIR Spectroscopy Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 ABB
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Agilent Technologies, Inc.
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 ARCoptix
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Bruker
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 JASCO
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Lumex Instruments
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 NETZSCH Group
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 PerkinElmer Inc.
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 SHIMADZU CORPORATION
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Thermo Fisher Scientific Inc.
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Torontech Inc.
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
