Laboratory Chemical Reagents Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Laboratory Chemical Reagents Industry Prospective

Zion Market Research has published a report on the global Laboratory Chemical Reagents Market, estimating its value at USD 25.45 Billion in 2023, with projections indicating that it will reach USD 37.56 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.42% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Laboratory Chemical Reagents industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

Request Free Sample

Laboratory Chemical Reagents Market: Overview

Laboratory chemical reagent is a compound that is utilized in a chemical reaction to identify, examine, determine or produce other chemical substance. The chemical reagents play an essential role in the accuracy of a chemical experiment. Whereas preparing the chemistry reagents in a laboratory, correct proportion of chemicals and solvents as well as procedure is very crucial.  

Laboratory Chemical Reagents Market: Growth Factors

The worldwide market for laboratory chemical reagent is expected to grow at significant rate due to extensive chemical reagents applications and research activity. Constant improvements and evolution in technologies such as bio-therapeutics, cell culture and recombinant DNA technology that facilitated the production of numerous essential therapeutic agents also fuel the demand for laboratory chemical reagents. Furthermore, increasing demand from biotechnology industry may boost the market growth in upcoming years. Protein synthesis and DNA sequencing reagents market has increased dramatically in recent years.

Request Free Sample

The report covers forecast and analysis for the laboratory chemical reagents market on a global and regional level. The study provides historic data of 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The study includes drivers and restraints for the market along with the impact they have on the demand over the forecast period. Additionally, the report includes study of opportunities available in the laboratory chemical reagents market on a global level.

Laboratory Chemical Reagents Market: Segmentation

Global laboratory chemical reagents market has been segmented on the basis of product, end user and region.

On the basis of product, laboratory chemical reagent market is classified into molecular biology, cytokine and chemokine testing, carbohydrate analysis, immunochemistry, cell/tissue culture, environmental testing and biochemistry. Molecular biology accounted for largest share of the market in 2023. Whereas, cytokine and chemokine testing is expected to emerge as the fastest growing segment in near future.

End user segment includes biotechnology, academic segment, non-academic segment and corporate segment. Currently, polymerase chain reaction (PCR) technologies are being used extensively in several applications such as forensic labs, gene expression and DNA sequencing.

The reagents used in real time PCR testing offer quick and quality results compared to conventional PCR testing method which is consequently expected to increase the sales of PCR reagents. PCR market is rising on account of increasing acceptance and awareness for real time PCR.

Laboratory Chemical Reagents Market: Report Scope

To know more about this report, request a sample copy.

Laboratory Chemical Reagents Market: Regional Insights

Geographically, laboratory chemical reagent market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominated the laboratory chemical reagent market in 2023 owing to technological advancements and innovations in molecular biology. Asia Pacific region is estimated to emerge as the fastest growing region due to development of new academic centers across the region mainly in the biological and chemical science area. Additionally, entry of new pharmaceutical companies and increasing clinical research outsourcing activities in the Asia Pacific region can increase investment in research and development consequently enabling more laboratory test analysis.

Laboratory Chemical Reagents Market: Competitive Space

Some of the major players operating in laboratory chemical reagents market.

• Beckman Coulter Inc.
• Life Technologies Corporation
• Promega Corporation
• SAFC Biosciences. Inc.
• EMD Chemicals Inc.
• Wako Pure Chemical Industries Ltd.
• GE Healthcare
• Takara Bio Inc.
• Meridian Life Science Inc.
• Sigma-Aldrich Corp.
• Shimadzu Biotech
• PerkinElmer Inc. 

This report segments the Bionematicides market as follows:

Laboratory Chemical Reagent Market: Product Segment Analysis

• Molecular biology
• Cytokine and chemokine testing
• Carbohydrate analysis
• Immunochemistry
• Cell/tissue culture
• Environmental testing 
• Biochemistry

Laboratory Chemical Reagent Market: End User Segment Analysis

• Biotechnology
• Academic segment
• Non-academic segment
• Corporate segment

Bionematicides Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa