This can be highly attributed to the growth in the pharmaceuticals industry, advancements in analysing technologies and rising applications in the field of nanotechnology.

Particle size analysis refers to a set of technical procedures performed for calculating average size of particles in an aerosol, suspension, emulsion or solid sample. The analysis is practiced for controlling the number of chemical reactions that take place when a product is being used. It can be achieved through several devices and remains an important process as it helps in determining the nature, behaviour and other properties of the material. Particle size analysis can be performed by using different methods some of which can be applied for a wide range of samples whereas other methods are limited to specific applications. A new research report by IMARC Group, titled “Particle Size Analysis Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the global particle size analysis market was worth US$ 200 Million in 2017. The report further expects the market to cross US$ 274 Million by 2023, at a projected CAGR of more than 5% over the forecast period.

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Global Particle Size Analysis Market Drivers/Constraints:

Particle size analysis is increasingly being used in the field of nanotechnology and also for the production of newly constructed structures, semiconductor components and cosmetic products. These are some of the key factors driving the growth of the market.
There has been an increase in the usage of particle size analysis in the pharmaceutical industry for the purpose of maintaining the quality of different medicines. This has, in turn, contributed towards an augmented demand for this process across the globe.
Some of the factors which have been proactive in maintaining the market growth include technological advancements being made being made by manufacturers and a strong demand for particle size analysis across emerging economies.
The expensive instruments associated with particle size analysis and the absence of well-established distribution networks among small- and medium-sized enterprises are few forces that have been impeding the growth of the market.

Source: https://www.imarcgroup.com/global-particle-size-analysis-market