Process Spectroscopy Market Report

Process Spectroscopy Market Analysis By Technology (Molecular, Mass, and Atomic Spectroscopy), By Application (Polymer, Oil & Gas, Pharmaceutical, Food & Agriculture, Chemical, and Others), By Region, And Segment Forecasts, 2018 - 2025

  • Published Date: Jan, 2017
  • Base Year for Estimate: 2015
  • Report ID: 978-1-68038-561-8
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2015
  • Number of Pages: 133

Industry Insights

The global process spectroscopy market size was valued at USD 14.07 billion in 2015 owing to the ability to analyze, monitor, and control process along with identifying defects product materials and enhancing the quality of product. Process spectroscopy is a technique involving the application of spectroscopy which include studying the interaction between matter and electromagnetic radiation.

The notable market growth can be accredited to the increasing adoption of spectroscopic techniques in the pharmaceutical and food & agriculture sectors. The growing awareness of quality food & drugs and various rules and regulations being imposed by the government & related organizations are the key factors expected to drive the global market.

U.S. process spectroscopy by technology, 2014-2025 (USD Billion)

U.S. process spectroscopy market

Spectroscopy techniques have always been intense fields for the researchers, aiming toward continuous up gradations and innovations, enhancing the techniques day-by-day. Their research and improvisations have led to numerous discoveries in a wide range of applications. The industries, such as pharmaceuticals, chemicals, oil & gas, and food & drug, have reached several considerable milestones, owing to the advancements in process spectroscopic techniques. The forensics department is another sector that has been significantly benefitted through the spectroscopic techniques.

The end-users particularly include the pharmaceutical, oil & gas, food & agriculture, and chemical industries. These industries implement various spectroscopy methodologies in their wide range of applications, as required.

The key players in the market include Shimadzu Corporation, Japan, Yokogawa Electric Corporation (Japan), Foss (Denmark), and Agilent Technologies (U.S.). The growing awareness about quality products and standards, among people, has forced market players to adhere to the guidelines of international quality standards. The prominent players in the industry are focused on expanding the dominance through agreements and distribution partnerships.

Technology Insights

The technology segment includes different technologies which are molecular, mass, and atomic spectroscopy. Molecular spectroscopy is expected to contribute significantly to the technology segment over the forecast period. The segment is projected to continue the dominance in terms of market share and revenue over the forecast year. Furthermore, the molecular spectroscopy segment is also segregated into Near Infrared (NIR), Fourier-Transform Infrared (FT-IR), Raman, and Nuclear Magnetic Resonance (NMR) technology.

Mass spectrometry has also emerged as a powerful analytical tool applied to the pharmaceutical and health life sciences. The application of mass spectrometry in the pharmaceutical industry associated with Drug Discovery and Development process offers high performance liquid chromatography-mass spectrometry in drug metabolism, pharmacodynamic and pharmacokinetic studies.

Application Insights

Based on applications, the market has been segregated into polymer, oil & gas, pharmaceuticals, food & agriculture, and chemical. The pharmaceutical sector majorly contributed in terms of revenue in 2015 and is anticipated to dominate over the forecast period owing to the increasing adoption of spectroscopic techniques.

Process spectroscopy market by application, 2015

Process spectroscopy market

The food & agriculture and oil & gas segments are anticipated to witness a remarkable growth over the forecast year. The spectroscopy techniques have allowed the tracking and identification of materials, detection of impurity and identification, fermentation processing and reaction monitoring, and product uniformity and repeatability in the food & agriculture sector. Furthermore, the spectroscopic techniques such as near infrared (NIR) and Fourier transform infrared (FT-IR) enables the routine analysis in the food & feed industry with the advantages such as accuracy, precision, and shorter analysis time.

Regional Insights

North America held maximum market share and revenue in 2015 and is expected to maintain the dominance over the estimated period. However, the Asia Pacific region is also anticipated to witness a significant growth rate with highest CAGR over the forecast period.

This significant growth of the Asia Pacific region can be witnessed, owing to the region’s strong manufacturing hub and advancements in R&D practices. All these factors have increased the adoption of spectroscopic techniques, largely, helping the region to attain significant heights over the forecast period.

Competitive Insights

The prominent players in the industry are ABB Group (Switzerland), Bruker Corporation (U.S.), Buchi Labortechnik AG (Switzerland), Danaher Corporation (U.S.), Shimadzu Corporation (Japan), and Sartorius AG (Germany). The market is witnessing a focused competition between the key players for understanding and establishing the dominance via intensive R&D, innovative product launches, and enhancements in the spectroscopic techniques and equipment.

Report Scope



Base year for estimation


Actual estimates/Historical data

2014 & 2015

Forecast period

2016 - 2025

Market representation

Revenue in USD Billion and CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, South America, and MEA

Country scope

U.S., Canada, Mexico, UK, Germany, China, Japan, India and Brazil

Report coverage

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

15% free customization scope(equivalent to 5 analyst working days)

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Segments Covered in the Report

This report forecasts revenue growth on the global, regional, and country levels and provides analysis of the latest trends and opportunities in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the process spectroscopy industry based on technology, application and region:

  • Technology Outlook (Revenue, USD Billion; 2014 - 2025)

    • Molecular

      • NIR

      • FT-IR

      • Raman

      • NMR

      • Others

    • Mass

    • Atomic

  • Application Outlook (Revenue, USD Billion; 2014 - 2025)

    • Polymer

    • Oil & Gas

    • Pharmaceutical

    • Food & Agriculture

    • Chemical

    • Others

  • Regional Outlook (Revenue, USD Billion; 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • UK

      • Germany

    • Asia Pacific

      • China

      • Japan

      • India

    • South America

      • Brazil

    • Middle East and Africa (MEA)

Key questions answered by the report
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