GVR Report cover In-line UV-vis Spectroscopy Market Size, Share & Trends Report

In-line UV-vis Spectroscopy Market Size, Share & Trends Analysis Report By Application (Color Measurement), By End-use (Painting & Coating, Chemical, Plastics, Pharmaceutical, Food Industry), And Segment Forecasts, 2020 - 2026

  • Report ID: GVR-4-68038-028-6
  • Number of Pages: 126
  • Format: Electronic (PDF)
  • Historical Range: 2015 - 2018
  • Industry: Healthcare

Report Overview

The global in-line UV-vis spectroscopy market size was valued at USD 272.9 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.57% from 2020 to 2026. Process monitoring is considered as a time-consuming step, in off-line measurements. Moreover, a single measurement can be performed at a time and color quality remains unknown between the sampling points with conventional methods. These challenges are effectively addressed by in-line measurements as it provides immediate intervention in case of any color variation and provides results in real-time, thereby driving the adoption of this process.

Japan in-line UV-Vis Spectroscopy Market Share, by Applications, 2016 - 2026 (USD Million)

Growing demand for robust technologies in highly regulated industries, such as pharmaceuticals and foods & beverages, for effective sample compound testing is anticipated to boost usage of this form of UV-Vis spectroscopy. Furthermore, well-established global end-users in the pharmaceuticals, and food industry demand higher standards from manufacturers.

The success of this technology depends on the in-depth knowledge of the link between optical instrumentation design and its effect on data quality. Initiatives undertaken to derive information about instrumentation design effects on the performance of a prediction model is anticipated to propel research in this technology.

The companies are engaged in mapping the end-user requirements to establish proper product designing protocols, thereby boosting technological advancements. Also, research studies are conducted to assess the potential of these methods as fast-working process analytical technology in early phase drug development. Thus, the fast growth of the pharmaceutical industry is anticipated to greatly impact this market.

Companies like Ocean Optics are engaged in offering a full menu of spectrometers for food and beverage processing, authentication, and packaging. Furthermore, companies are showcasing their instruments for analysis of food coloring agents. This drives emerging players striving for substantial market share to adopt innovative techniques and capitalize on the untapped avenues.

The current market penetration of this technique is low. However, the potential of in-line monitoring continues to expand owing to its time-associated advantages over the conventional off-line method. The manufacturers and other key stakeholders in the market are collaborating to explore the potential of in-line spectroscopic methods across various fields, thereby accelerating innovations in the in-line UV-Vis spectroscopy market.

In-line UV-vis Spectroscopy Market Trends

Success of in-line spectroscopy depends on the extensive information of the link between designing optical instrumentation and how it affects the quality of the data. Initiatives taken to derive the data on how instrument designing affects the performance of a prediction model is estimated to drive the market. Development of enhanced silicon & InGaAs detectors and Light-Emitting Diode (LED) sources has promoted usage of in-line measurements.

Global companies in the cosmetics, food, and beverages industry mandate higher standards and smaller tolerances from manufacturers. Mapping of the end-user requirements for establishing designing processes has resulted in technological advancements in the market. With expanding specifications in product quality measurements, it is important to collaborate with end-user experts to ensure that products are developed in line with end-user expectations.

Inventions in product design for enhanced functioning of spectroscopy are projected to boost the rate of adoption in the market. For instance, in March 2020, Shimadzu, under a UV-i Selection brand launched six new UV-VIS spectrophotometer models. The systems are convenient for use in a wider range of fields, comprising pharmaceuticals, chemicals, and academia. They offer an automated analysis of various samples, extremely user-friendly operability, and additional features to satisfy a wide spectrum of customer needs.

UV/Visible spectrophotometers are widely used by laboratories, including that associated with academia and governments, as well as other industries. The introduction of multiple regulatory guidelines for effective approval and new product development processes across various industries, such as the pharmaceutical, food & beverages, and cosmetics industries, is anticipated to increase the adoption of products in this market. In the pharmaceutical industry, the introduction of UV-Vis spectrophotometry that operates in compliance with United States Pharmacopeia (USP), Japanese Pharmacopoeia (JP), and the European Pharmacopoeia (EP) is anticipated to drive the market. In addition, major manufacturers are providing solutions to academic institutions. For instance, in May 2021, PASCO Scientific announced the launch of a new UV-Vis Spectrometer which offers universities a comprehensive solution for everyday applications in spectrophotometry.

Out of all the molecular spectroscopy methods, Nuclear Magnetic Resonance (NMR) spectroscopy is considered as the most widely adopted technology, with majority of users from pharmaceuticals or academic research. In UV-Vis spectroscopy, sample preparation processes are slow and are often operator dependent. On the other hand, they are relatively simpler in case of NMR and IR spectroscopy.  In addition, in NMR spectroscopy, samples can be recovered as the workflow is nondestructive. These factors have driven the use of other spectroscopy methods, thereby limiting the revenue growth in this market.

UV-Vis spectroscopy exhibited challenges in isolating matrix interferences and inefficiency in molecular structure evaluation. These factors have impeded the market growth to a considerable extent.

Application Insights

In-line UV-Vis spectrometers have been employed for applications in food, paint, polymer, plastic, pharmaceutical, bioprocess, fermentation, and other industries. Development of novel UV/Vis sample presentation options and instruments have aided in the inception of novel possibilities for process control of fermentation and bioprocess monitoring. Other applications include measurement of phenolic composition during winemaking, analyze the concentration of materials for proper crystallization of biopharmaceuticals, quantitative determination of xylose, and other sugars during fermentation.

Currently, most available in-line spectroscopy methods are based on the color measurement and chemical concentration monitoring to assess product quality. These two parameters offer relevant information on product quality and are, therefore, expected to be used as principles in various upcoming product models.

In 2018, thickness measurement was estimated to account for the lowest revenue share. This is due to the low penetration of in-line thickness measurements across various industries coupled with fewer suppliers in this segment. Relatively high adoption of off-line measurements to measure the thickness of the film or a layer during the production process of automobile headlights, glasses, plastics, and computer displays has hampered the revenue growth for in-line thickness measurement.

End-use Insights

End-users from multiple industries, such as food & beverage and pharmaceutical, play a crucial role in reshaping the market by expanding the use of spectroscopy for monitoring their processes. For example, in-line inspection systems manufactured by Advanced Vision Technology Ltd are used in major packaging and label converters for improvement of product quality and efficiency of their workflow.

X-Rite, an American company owned by Danaher Corporation is also involved in serving the packaging and label converters that are served by Advanced Vision Technology Ltd. On the other hand, Color Consult – Spectrophotometer, a color measurement company based in the Netherlands provides products for analysis in the food & beverage and pharmaceutical industries.

Global in-line UV-Vis Spectroscopy Market Size, by End-use, 2019 (%)

In 2018, the high adoption of in-line UV-Vis spectroscopy in chemicals and paints & coating industry led to the dominance of segment concerning revenue share. The presence of companies, such as Kemtrak AB, that offer instantaneous in-line measurement of liquid and gas concentrations in the chemical industry has contributed to the large revenue share of this segment.

Regional Insights

North America accounted for the largest revenue share in 2019 and the region is expected to maintain this rank during the forecast period. This can be attributed to the local presence of key players providing equipment based on this principle, technological advancements in instrumentation, and increased need for food analysis that involves wide usage of these devices.

Canada in-line UV-Vis spectroscopy market is expected to register significant growth throughout the forecast period owing to ongoing initiatives for advancements undertaken by several government entities, such National Research Council Canada that assists and supports innovations, technology development, and management of science & technology infrastructure across various industries. Similarly, BIOTECanada is engaged in advancing the Canadian biotechnology sector, especially the agricultural, vaccines, and industrial biotechnology sectors.

In-line UV-vis Spectroscopy Market Trends by Region

Key market participants, such as ColVisTec AG, Endress+Hauser Management AG, and AMETEK, Inc., are present in Germany, resulting in significant revenue share of this region in the European market. In addition, in Germany, food control testing and inspections are conducted for improvements in consumer health protection. The Multiannual National Control Plan (MNKP) and the National Monitoring Plan (BÜP) are among the few control programs present on a nationwide scale for inspecting food products.

Key Companies & Market Share Insights

Key product developers are collaborating with researchers for large-scale investigations to monitor and determine the potential these devices across a wide range of end applications. The players are investing in the development of novel products, considering this market as an emerging source of revenue.

For example, in April 2019, Uniqsis demonstrated its Flow-UV in-line UV-Visible spectrometer for monitoring nanoparticle distribution, real-time dispersion, and agglomeration experiments. Innovations in product designing for improved functioning of in-line UV-Visible spectroscopy are expected to boost the adoption rate in the market. Some of the prominent players in the in-line UV-vis spectroscopy market include:

  • X-Rite

  • ColVisTec AG Inc.

  • Hunter Associates Laboratory, Inc.

  • Applied Analytics, Inc.

  • AMETEK, Inc.

  • Guided Wave, Inc.

  • Kemtrak AB

  • Endress+Hauser Management AG

  • Color Consult

  • Equitech Int'l Corporation

  • Uniqsis Ltd

  • Advanced Vision Technology Ltd

In-line UV-vis Spectroscopy Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 293.6 million

Revenue forecast in 2026

USD 420.5 million

Growth rate

CAGR of 6.57% from 2020 to 2026

Base year for estimation

2019

Historical data

2015 - 2018

Forecast period

2020 - 2026

Quantitative units

Revenue in USD million and CAGR from 2020 to 2026

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; Germany; U.K.; China; Japan; Brazil; South Africa

Key companies profiled

X-Rite; ColVisTec AG Inc.; Hunter Associates Laboratory, Inc.; Applied Analytics, Inc.; AMETEK, Inc.; Guided Wave, Inc.; Kemtrak AB; Endress+Hauser Management AG; Color Consult; Equitech Int'l Corporation; Uniqsis Ltd; and Advanced Vision Technology Ltd

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Global In-line UV-vis Spectroscopy Market Segmentation

This report forecasts revenue growth at country levels and provides an analysis of the industry trends in each of the sub-segments from 2015 to 2026. For this study, Grand View Research has segmented the global In-line UV-Vis spectroscopy market report based on application, end-use, and regional:

In-line UV-vis Spectroscopy Market Segmantation

  • Application Outlook (Revenue, USD Million, 2015 - 2026)

    • Color Measurement

    • Chemical Concentration

    • Turbidity & Haze Measurement

    • Thickness Measurement

  • End-use Outlook (Revenue, USD Million, 2015 - 2026)

    • Plastics Market

    • Chemical Industry

    • Food & Beverages

    • Pharmaceutical Industry

    • Painting & Coating Industry

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2026)

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • Japan

      • China

    • Latin America

      • Brazil

    • The Middle East and Africa (MEA)

      • South Africa

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