Molecular Spectroscopy Market is anticipated to grow at a CAGR of 7.2% by 2032: Advancements and Opportunities in Analytical Techniques for Chemical Analysis | Says FMI

One of the increasingly popular instrument technologies requested by the industries is UV visible Molecular Spectroscopy Market. Accordingly, the use of molecular spectroscopy equipment is mandated by a number of environmental regulations and laws in the US, including the Safe Drinking Water Act (SDWA), the Resource Conservation and Recovery Act (RCRA), and the Clean Water Act (CWA).

The market for molecular spectroscopy was valued at US$ 7 billion in 2022 and is projected to grow to US$ 14 billion by 2032, at a compound annual growth rate (CAGR) of 7.2% between 2022 and 2032. These details and further information are included in Future Market Insights’ most recent market analysis, “Molecular Spectroscopy Market.” A 360-degree approach is being used by its team of analysts and consultants when doing primary, secondary, and tertiary research.

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One of the increasingly popular instrument technologies requested by the industries is UV visible molecular adsorption spectroscopy. Accordingly, the use of molecular spectroscopy equipment is mandated by a number of environmental regulations and laws in the US, including the Safe Drinking Water Act (SDWA), the Resource Conservation and Recovery Act (RCRA), and the Clean Water Act (CWA).

In order to measure the impact on the environment, mining and chemicals are some of the other domains of application. High quality requirements call for the production process to incorporate extra steps including performance characteristic verification, feature evaluation and qualification, and installation and system operation validation. This makes molecular spectroscopy equipment unquestionably expensive. The main players truly find this to be difficult. This aspect might limit the growth of the molecular spectroscopy industry soon.

Of late, NMR spectroscopy is expected to witness growth on a good note in the near future. It’s one of the analytical chemistry techniques used in research and quality control for determining purity and content of molecular structure and sample. The benefits of NMR spectroscopy are that it revolves around less efforts. Also, it’s a non-destructive method, which does retain molecules that are being examined.

Future Market Insights has walked through these facets with future prospects in its latest market study entitled ‘Molecular Spectroscopy Market’ with its team of analysts and consultants there to ride on 360-degree view with macros and micros well-placed.

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“With growing concerns regarding food safety coupled with exponentiation in biotechnology and pharmaceutical verticals, the global molecular spectroscopy market is expected to grow on an astonishing note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from Molecular Spectroscopy Market:

• North America holds the largest market share due to remarkable investments by the policymakers and governing bodies in life sciences and medical sciences in the US.
• Europe is led by France, Spain, Germany, and the UK, as they are housing hordes of pharmacy companies.
• The Asia-Pacific is expected to grow at the fastest rate in the molecular spectroscopy market with countries like India and China opening an arena for opportunities.

Competitive Spectroscopy:

• Agilent Technologies Inc., in March 2020, did announce introducing a new-fangled handheld instrument for molecular spectroscopy for adding to ‘Raman Technology’.
• trinamiX GmbH (a wholly-owned subsidiary and spin-off of BASF SE based out of Ludwigshafen), in March 2020, did come up with a novel mobile NIR (near infrared) spectroscopy solution for rendering affordability to spectroscopy tools and also to be accessible to end-users beyond laboratory and factory applications.
• Bruker Corporation, in October 2020, did table high-performance Fourier 80 system in Europe. It comes across as a next-gen 80 MHz FT-NMR (Fourier Transform Nuclear Magnetic Resonance) benchtop spectrometer.
• JASCO Corporation, in March 2021, did launch new-fangled spectrum of fluorescence spectrophotometers (FP-8050 Series) including 5 instruments covering the applications for analyzing environmental, biological, materials, and chemicals.

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What does the Report encompass?

• The research study is based on type (infrared spectroscopy, NMR (Nuclear Magnetic Resonance) spectroscopy, color measurement spectroscopy, Raman spectroscopy, NIR (Near-Infrared) spectroscopy, and ultraviolet visible (UV-Vis) spectroscopy), and by application (research institutes, food & beverages testing, pharmaceuticals, environmental testing, biote, and likewise).
• The fact that molecular photophysics & spectroscopy instruments turn out to be effective in detection of hazardous outcomes of industrial activities is bound to help molecular spectroscopy market grow with grandeur in the years to come.

Key Segment:

By Type:

• Infrared Spectroscopy
• Nuclear Magnetic Resonance (NMR) Spectroscopy
• Color Measurement Spectroscopy
• Raman Spectroscopy
• Near-Infrared (NIR) Spectroscopy
• Ultraviolet Visible (UV-Vis) Spectroscopy

By Application:

• Research Institutes
• Food and Beverages Testing
• Pharmaceuticals
• Environmental Testing
• Biote
• Others

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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