Growing R&D Activities in the Field of Biological and Chemical Sciences in Asia-Pacific
The laboratory chemicals market is mainly driven by the growing R&D activities in the field of biological and chemical sciences. The laboratory chemicals market is growing primarily due to a significant increase in their use in basic research applications, coupled with large-scale commercial applications. An ongoing refinement and advancement of technologies, such as cell culture, recombinant DNA, and bio-therapeutics, have enhanced the scientific community’s ability to identify and produce important human therapeutic agents over the years. Moreover, growing interest of the world scientific community in such chemicals is anticipated to escalate the growth of the laboratory chemicals market.
Growing Usage in Environmental Application
Laboratory chemicals are used for testing air, water, and soil under certain conditions. These chemicals help in determining pollutants, trace metal acids, toxic organics, and other impurities present in the environment. The major chemicals used for these applications include high performance liquid chromatography reagents (HPLC), ultra high-performance liquid chromatography reagents (UHPLC), mass spectrometry reagents (MS), and gas spectrometry reagents (GS). Thus, the growing usage of these chemicals are driving the demand for laboratory chemicals over the forecast period.
Asia-Pacific Region to be the Fastest Growing Market
The main reason for the growth of the laboratory chemicals market in Asia-Pacific region can be attributed to the establishment of new academic institutions across the country, especially in the areas of biological and chemical sciences. China is one of the largest pharmaceutical markets globally, owing to economic development in the country, along with the growing demand from the aging population. Thus, the growing number of patents, academic research, and increasing R&D expenditure, especially in the pharmaceutical industry, are driving the laboratory chemicals market in Asia-Pacific region during the forecast period.
Major Players: Merck&Co.,Inc., VWR, Waters, Beckman Coulter Inc., and GE Healthcare, amongst others.
Key Developments in the Market
April 2017: MilliporeSigma collaborated with LabCentral, a biotechnology incubator, in Cambridge, Massachusetts
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Which application is expected to dominate the market
Which regions are expected to witness fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
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1.1 Research Phases
1.2 Scope of the Report
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness- Porters Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing R&D Activities in the Field of Biological and Chemical Sciences in Asia-Pacific
4.1.2 Rapid Advancements in Pharmaceutical Sector
4.2.1 Lack of Proper Funds & Infrastructure for R&D in Developing Economies
4.3.1 Advancement in Technologies, Such as Cell Culture, Recombinant DNA & Bio-Therapeutics
4.3.2 Growing Research in the Field of Molecular Biology
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Chemical Type
5.1.4 Culture Media
5.1.7 Proteins & Enzymes
5.2 By Application
5.2.4 R&D for Life Sciences
5.2.5 Quality Control
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 Australia $& New Zealand
6.1.6 Rest of Asia-Pacific
6.2.4 United Kingdom
6.2.5 Rest of Europe
6.3 North America
6.3.1 United States
6.3.4 Rest of North America
6.4 South America
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of MEA
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
9.2 Argus Chemicals
9.3 AvantorPerformance Materials, LLC.
9.4 BD Biosciences
9.5 Beckman Coulter Inc.
9.7 GE Healthcare
9.8 Honeywell International Inc.
9.10 Merck & Co., Inc.
9.11 Meridian Life Science, Inc.
9.14 Thermo Fisher Scientific
9.16 Wako Pure Chemical Industries, Ltd.
*List Not Exhaustive
** Subject to availability on public Domain
- Argus Chemicals
- AvantorPerformance Materials LLC.
- BD Biosciences
- Beckman Coulter Inc.
- GE Healthcare
- Honeywell International Inc.
- Merck & Co. Inc.
- Meridian Life Science Inc.
- 9.14 Thermo Fisher Scientific
- Wako Pure Chemical Industries Ltd.