Karl Fischer Titrators Market Size, Share, Trends, Growth and Forecast 2028

Karl Fischer Titrators Market Size:

The global Karl Fischer titrators market size was worth around USD 184.30 million in 2021 and is estimated to grow to about USD 211.24 million by 2028, with a compound annual growth rate (CAGR) of approximately 2.30% over the forecast period. The report analyzes the Karl Fischer titrators drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the Karl Fischer titrators.

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Karl Fischer Titrators Market: Overview

To quantify the water content of a sample, a Karl Fischer titrator, also referred to as a KF titrator, is employed. KF titration is crucial to and utilized in many sectors since the presence of water can impact a product's reactivity, stability, and quality, among other properties. Karl Fischer titrators are used by the food, oil, pharmaceutical, and semiconductor sectors to preserve the quality of their goods. In the Karl Fischer titration, two ways can be applied: volumetry, in which the amount of reagent used to estimate the amount of water, and coulometry, in which an electrolysis reaction takes place and the amount of electricity used to measure the amount of water in the sample. KF titration is significant and utilized in many sectors since water affects a product's reactivity, stability, and quality. The primary drivers of the global Karl Fisher titrators market's expansion are the creation of efficient and cutting-edge technology, the expansion of the healthcare industry, the quantity of analysis done by various industries, and technological advancements in products. To maintain the quality of their products, the semiconductor, oil, food, and pharmaceutical industries all use Karl Fischer titrators. These factors will encourage market expansion in the expected time frame.

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COVID-19 Impact:

Beginning in 2020, the COVID-19 sickness started to spread worldwide, infecting millions of people. Major nations worldwide have now enacted foot restrictions and work stoppage orders. Most industries have been significantly damaged, and the Karl Fischer titrators industry has also been significantly hit, except for the medical supply and life support products businesses. Numerous businesses were shut down, and numerous people lost jobs due to the virus spreading across 188 countries. Although huge firms were also impacted, small enterprises were primarily impacted. The COVID-19 pandemic's sudden emergence had prompted the adoption of strict lockdown laws in many countries, which had disrupted Karl Fischer titrators' import and export operations.

Three key factors contributed to COVID-19's influence on the market: direct effects on supply & demand, market & supply chain disruption, and financial effects on businesses & financial markets.

 Key Insights

• As per the analysis shared by our research analyst, the global Karl Fischer titrators market value will grow at a CAGR of 2.30% over the forecast period. 
• In terms of revenue, the global Karl Fischer titrators market size was valued at around USD 184.30 million in 2021 and is projected to reach USD 211.24 million by 2028. 
• Growing usage of these devices in various industries, including those that produce food and drink, pharmaceuticals, petroleum products, and more across the globe, are the major factors driving the market's growth.
• By application, the petrochemicals category dominated the market in 2021.
• North America dominated the global Karl Fischer titrators market in 2021.

Karl Fischer Titrators Market: Growth Drivers

Advanced technology and the growing healthcare industry are likely to pave the way for global market growth 

The development of effective and advanced technology, the expansion of the healthcare sector, the volume of analysis conducted by various sectors, and product advances are the main growth factors of the global Karl Fisher titrators market. To ensure product quality, Karl Fischer titrators are utilized in the semiconductor, oil, food, and pharmaceutical industries. During the anticipated term, these elements will fuel market expansion.

Karl Fischer Titrators Market: Restraints

High cost and low market penetration likely to hamper market expansion

High prices and limited market penetration are key factors projected to severely limit the market growth. Further, the unpredictable raw material costs and availability, rising costs associated with titrators analysis, and other factors will also limit the market for Karl Fischer titrators.

Karl Fischer Titrators Market: Opportunities

Rising demand for new industry verticals to bring up several growth opportunities

The market for titrators would have additional opportunities if their use increased in new industrial verticals. Instead of newly installed volume, replacement volume will control the market as a whole; as a result, manufacturers must keep coming up with new features and models to gain market share.

Karl Fischer Titrators Market: Challenges

As not recommended for petroleum products, it may pose challenge to market

Oils and lubricants made from petroleum are not advised for KF titration since they often only contain trace amounts of water and do not readily dissolve in the common reagent.

Karl Fischer Titrators Market: Segmentation

The market for Karl Fischer titrators is divided depending on product, application, and region. 

Depending on the product, the market is divided into coulometric titration and volumetric titration. The amount of reagent used to determine the amount of water in the sample is determined using the volumetric approach in Karl Fischer titrators, whereas the coulometric method employs an electrolytic reaction to determine the amount of water in the sample based on the amount of energy used. Water content can be evaluated via volumetric measurement down to 1%. After the sample has been dissolved in a KF Solvent (often methanol), which also contains sulphur dioxide and iodine that have been dissolved in pyridine and methanol, iodine is added to the mixture. Iodide-containing solutions are only needed once for coulometric KF analysis.

The global Karl Fischer titrators market is split into three categories: foods & drinks, pharmaceuticals, and petroleum products. Karl Fischer titration is an accurate and reliable technique for directly determining water content in various industries. Petrochemicals are the primary downstream application field, mostly employed in the food, medicinal, and petrochemical industries. It is employed in the food sector to determine how much water is present in fruit juices, honey, wheat, noodles, chips, and cocoa powder. It is used for various oils in the petroleum sector, such as gasoline, kerosene, and petroleum.

Recent Developments

• Metrohm released the Eco KF Titrator in 2020, which offers volumetric Karl Fischer titration for a quick, secure, and accurate assessment of moisture content. This Swiss-made product is the perfect option for QC laboratories seeking great quality at an affordable price. The titration is carried out mechanically, eliminating the possibility of human error. There is no risk involved in direct human contact with Karl Fischer reagents. The Solvent Pump switches out the titration jar following each analysis with the push of a button.
• The Analytik Jena company first introduced the Karl-Fischer Titrator AQUA 40.00. The improved heating technique enables the determination of oils and solids without requiring time-consuming pretreatment. This keeps insoluble substances from contaminating the measuring cell.
• Kyoto Electronics developed the MKH-710M Hybrid Karl Fischer Moisture Titrator using a hybrid titration method.

Report Scope:

Karl Fischer Titrators Market: Regional Landscape

North America dominated the Karl Fischer titrators market in 2021

Geographically speaking, North America led the global Karl Fischer titrators market, followed by Europe. More than 70% of the global market is made up of the marketplaces in North America and Europe combined. Because of the region's rapidly expanding food & beverage industry, industrial sector, research & development investments, and burgeoning pharmaceutical & personal care usage in developing nations like China and India, Asia Pacific is anticipated to have the biggest growth revenue during forecast period. KEM is the market-leading manufacturer in Japan. 

Karl Fischer Titrators Market: Competitive Landscape

• Hanna Instruments
• GR Scientific
• Mettler Toledo
• Xylem
• HIRANUMA SANGYO
• KYOTO ELECTRONICS
• Inesa
• Analytik Jena
• ECH
• Huazheng Electric
• HACH LANGE
• Mitsubishi Chemical
• Metrohm.

Global Karl Fischer Titrators Market is segmented as follows:

By Type

• Volumetric Titration
• Coulometric Titration

By Application

• Petroleum Products
• Food and Beverages
• Cosmetic Products
• Pharmaceuticals Products
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa