Who are the key players in Laboratory Chemicals Market?

ITW Reagents Division, Merck KGaA, General Electric, Beckman Coulter Inc. and Avantor Inc. are the major companies operating in the Laboratory Chemicals Market. Read More

Which is the fastest growing region in Laboratory Chemicals Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Laboratory Chemicals Market?

In 2024, the Europe accounts for the largest market share in Laboratory Chemicals Market. Read More

Laboratory Chemicals Market Size

Market Size of Laboratory Chemicals Industry

Study Period	2019 - 2029
Market Size (2024)	USD 27.68 Billion
Market Size (2029)	USD 34.17 Billion
CAGR (2024 - 2029)	4.30 %
Fastest Growing Market	Europe
Largest Market	Europe
Major Players *Disclaimer: Major Players sorted in no particular order

Laboratory Chemicals Market Analysis

The Laboratory Chemicals Market size is estimated at USD 27.68 billion in 2024, and is expected to reach USD 34.17 billion by 2029, growing at a CAGR of 4.30% during the forecast period (2024-2029).

The COVID-19 outbreak negatively impacted the market in 2020. However, the market has since reached pre-pandemic levels and is expected to grow steadily during the forecast period.

The laboratory chemicals market is driven by growing R&D activities in the field of biological and chemical sciences and increasing usage in wastewater treatment.
However, the availability of substitutes for laboratory chemicals is likely to hinder the market's growth.
Advancements in technologies, such as cell culture, recombinant DNA, and biotherapeutics, and the development of nanomaterials are projected to act as an opportunity for the market in the future.
Due to increasing research and development activities, Europe region is expected to dominate the market.

Laboratory Chemicals Industry Segmentation

Laboratory chemicals are all chemicals used for laboratory tests and experiments. Most are standard chemical reagents, or simple chemicals that serve as building blocks for synthesizing more complex chemicals. The scope of the laboratory chemicals market report includes segmentation by type, application, and geography. The market is segmented by type into molecular biology, cytokine and chemokine testing, carbohydrate analysis, immunochemistry, cell/tissue culture, environmental testing, biochemistry, and other types. The market is segmented by application into industrial, academia/educational, government, and healthcare (pharmaceutical). The report also covers the market size and forecast for the market in 16 countries across major regions. The report offers market size and forecast for laboratory chemicals in terms of revenue (USD) for all the above segments.

Type
		Molecular Biology
		Cytokine and Chemokine Testing
		Carbohydrate Analysis
		Immunochemistry
		Cell/Tissue Culture
		Environmental Testing
		Biochemistry
		Other Types

Application
		Industrial
		Academia/Educational
		Government
		Healthcare (Pharmaceutical)

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Spain
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Laboratory Chemicals Market Size Summary

The laboratory chemicals market is poised for steady growth, driven by increasing research and development activities in biological and chemical sciences, as well as the rising application of these chemicals in wastewater treatment. Despite the challenges posed by the availability of substitutes, advancements in technologies such as cell culture, recombinant DNA, and biotherapeutics, along with the development of nanomaterials, present significant opportunities for market expansion. The market has rebounded to pre-pandemic levels after the initial negative impact of COVID-19 and is expected to continue its upward trajectory. Europe is anticipated to lead the market, fueled by its robust R&D activities.

Laboratory chemicals play a crucial role in various industrial processes, including bromination, cryogenic reactions, and the synthesis of commercial products through processes like re-crystallization and distillation. The demand for these chemicals is further bolstered by the increasing agricultural output and the need for sustainable and less hazardous chemicals in industrial applications. The Italian and German pharmaceutical industries, along with Ireland's significant pharmaceutical production, contribute to the growing demand for laboratory chemicals. The market is characterized by a partial fragmentation with both global and local players, including major companies like ITW Reagents Division, Merck KGaA, and Avantor Inc., which are actively shaping the competitive landscape.

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Laboratory Chemicals Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 Growing R&D Activities in the Field of Biological and Chemical Sciences
  2. 1.1.2 Increasing Usage in Wastewater Treatment
  3. 1.1.3 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Availability of Substitutes for Laboratory Chemicals
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Value)
1. 2.1 Type
  1. 2.1.1 Molecular Biology
  2. 2.1.2 Cytokine and Chemokine Testing
  3. 2.1.3 Carbohydrate Analysis
  4. 2.1.4 Immunochemistry
  5. 2.1.5 Cell/Tissue Culture
  6. 2.1.6 Environmental Testing
  7. 2.1.7 Biochemistry
  8. 2.1.8 Other Types
2. 2.2 Application
  1. 2.2.1 Industrial
  2. 2.2.2 Academia/Educational
  3. 2.2.3 Government
  4. 2.2.4 Healthcare (Pharmaceutical)
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Spain
    6. 2.3.3.6 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa