The global Particle size analysis market size is projected to reach USD 492 million by 2026 from USD 371 million in 2021, growing at a CAGR of 5.8%. The factors driving the growth of the market are increasing research activities in the field of nanotechnology, increasing investments in pharmaceutical R&D, stringent regulatory guidelines for product quality across industries, and development of technologically advanced nanoparticle instruments. However, high import duty on particle size analyzers in developing countries and limitations in particle characterization range are restraining the growth of the market.
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The major players operating in the global particle size analysis market include Malvern Panalytical Ltd. (UK), HORIBA (Japan), Beckman Coulter, Inc. (US), Anton Paar GmbH (Austria), Aimsizer (China), Bettersize Instruments Ltd. (China), Brookhaven Instruments (US), Fritsch GmbH (Germany), LS Instruments (Switzerland), METLLER TOLEDO (US), Micromeritics Instrument Corporation (US), Microtrac Retsch GmbH (Germany), Shimadzu Corporation (Japan), Sympatec GmbH (Germany), and TSI (US), among others. An analysis of the market developments between 2018 and 2021 revealed that several growth strategies such as product launches and partnerships, agreements, and strategic acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in this market. Among these business strategies, partnerships and agreements were the most widely adopted growth strategies by market players.
Malvern Instruments is the leading player in the global particle size analysis market. The company’s broad product portfolio, along with its wide geographic presence across North America, Europe, and the Asia Pacific region, is the key factor contributing to its dominant share in the market. In addition to this, Malvern also has the advantage of utilizing Spectris’s robust distribution network and customer base across key countries. As a part of its key growth strategies, Malvern focuses on product launches and enhancements, agreements, partnerships, acquisitions, and geographic expansions in order to maintain its market share in this highly competitive market. With its diverse growth strategies and customer-oriented business approach, the company is expected to grow at a significantly high rate in the particle size analysis market.
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HORIBA is one of the leading players in the global particle size analysis market. The company has adopted expansions as its key growth strategy in order to strengthen its position and ensure its future growth in the market. HORIBA continuously concentrates on technological innovation of its products and offers superior solutions to its customers. The company has been increasingly investing in R&D to accelerate its market growth. The company’s strong geographical presence and sales and distribution network helps them to hold a decent market share in the particle size analysis market