Analytical Standards Market by Type, Technique, Application

List of Tables

[198 Pages Report] The Analytical Standards Market size was estimated at USD 2.63 billion in 2023 and expected to reach USD 2.82 billion in 2024, at a CAGR 7.32% to reach USD 4.32 billion by 2030.

Analytical standards refer to the reference materials used in various industries, including laboratories and research institutions, to ensure the accuracy, precision, and reliability of their analytical measurements. These standards play a crucial role in the validation, calibration, and quality control processes employed by analytical techniques such as chromatography, spectroscopy, titration, and elemental analysis. Increased awareness about food safety norms has led to an upsurge in the requirement for high-quality testing using certified reference materials. In addition, the rising demand for analytical materials in proteomics and metabolomics applications has also led to the growth of analytical standards. Analytical standards facilitate interlaboratory data comparisons by providing a common point of reference in proteomics and metabolomics, resulting in better outcomes in both applications. However, the complexity associated with the production and synthesis of analytical standards, along with their difficulties in storage and transportation, has led to a significant challenge for analytical standards manufacturers and providers. Companies continuously work toward research and development practices and leveraging quality control processes to promote business growth. Moreover, the rising number of clinical trials and innovations of advanced analytical technologies have fostered the future growth of the analytical standards sector. Companies are introducing synthetic reference materials and biomimetic alternatives designed using advanced computational methods and data analytics. These materials offer increased stability, reproducibility, and cost-effectiveness compared to natural counterparts without compromising performance parameters.

KEY MARKET STATISTICS
Base Year [2023]	USD 2.63 billion
Estimated Year [2024]	USD 2.82 billion
Forecast Year [2030]	USD 4.32 billion
CAGR (%)	7.32%

Regional Insights

In the Americas, countries including the United States and Canada, customers prioritize quality products and services while being price-conscious, contributing to a high volume of repeat purchases. Recent regional investments, including food and water treatments and clean energy initiatives, have also witnessed significant growth in the analytical standards. Similarly, in Europe, the countries share common regulations that govern consumer protection and business practices within their markets. Consumers value both sustainability and product quality while making purchase decisions. Increased investments have been made in renewable energy sources, digital transformation initiatives, and electric vehicle (EV) infrastructure development, impacting the expansion of analytical standards sectors. The European Patent Office has reported substantial growth in biotechnology patents related to environmental sustainability. Furthermore, the Middle East & Africa region presents opportunities for expanding businesses owing to its growing population and developing industrial sector. Consumer preferences vary distinctly within this region, generally leaning toward affordable products with good quality. The increasing investments in telecommunications infrastructure improvement, renewable energy projects, and water desalination technologies are expanding businesses in the region. Moreover, emerging countries such as China, Japan, and India represent a significant growth opportunity for manufacturers due to their burgeoning pharmaceutical industries. The increasing demand for analytical standards within these countries can be attributed to rising healthcare spending, growing middle-class populations, and expanding generic drug markets. Countries such as China and India have a diverse consumer base that offers immense potential for businesses planning to tap into the country's growing economy. The governments of both countries have initiated various programs aimed at boosting domestic production through schemes to promote self-reliance and reduce import dependence.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Analytical Standards Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing focus on food safety and testing worldwide
- Rising analytical standard application in proteomics and metabolomics

Market Restraints
- Complexity in the production and synthesis of existing and custom analytical standards

Market Opportunities
- Surging number of clinical trials and emphasis on ensuring its safety and effectiveness
- Introduction of new reliable analytical standards for advanced analytical technologies

Market Challenges
- Issues associated with the storage and transportation of analytical standards

Market Segmentation Analysis
- Type: Utilization of inorganic & organic standards in pharmaceuticals and food & beverage industry
- Technique: Rising uses of chromatography & spectroscopy techniques in compound and material analysis providing better outcomes with safety and reliability
- Application: Increasing adoption of analytical standards compound in environmental and pharmaceutical applications ensuring better regulatory compliances

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Analytical Standards Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Analytical Standards Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Cayman Chemical Introduces a New Tool to Study Protein-Lipid Interactions

Cayman Chemical introduced Cayman LipiDOT Strips as a research tool to aid scientists in identifying and gaining deeper insights into protein-lipid interactions. By uncovering new lipid-protein interactions, researchers can enhance their understanding of the roles lipids play in modulating protein function, ultimately leading to significant advancements in therapeutic approaches for various diseases. [Published On: 2023-09-26]

Fentanyl Analog Screening Kit Now Available Internationally Through Partnership Between Cayman, CDC, and INCB

Cayman Chemical, partnered with the Centers for Disease Control and Prevention (CDC) and the International Narcotics Control Board (INCB), has granted permission to distribute Fentanyl Analog Screening (FAS) Kits to approved forensic institutions worldwide. The FAS Kit comprises analog reference materials that allow laboratories to screen for 250 different synthetic opioids, including over 210 fentanyl analogs. Since 2018, the CDC has contracted Cayman Chemical, an ISO-accredited producer of reference materials, to manufacture and distribute FAS Kits. These kits are available free of charge through Cayman Chemical; however, laboratories are responsible for covering delivery costs, which include freight charges, customs duties, and administrative fees. [Published On: 2023-05-31]

Cayman Chemical Launch New Traceable Opioid Material Kit

Cayman Chemical, in partnership with the Centers for Disease Control and Prevention (CDC), launched a new product known as the Fentanyl Analog Screening (FAS) Kit - Emergent Drug Panel. This kit is an addition to their existing Traceable Opioid Material Kits (TOM Kits). The FAS Kit - Emergent Drug Panel comprises 60 reference standards that are used for the detection and identification of various substances such as stimulants, hallucinogens, benzodiazepines, synthetic cannabinoids, and the veterinary sedative and analgesic drug xylazine. [Published On: 2023-04-26]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Analytical Standards Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Analytical Standards Market, highlighting leading vendors and their innovative profiles. These include ABCR GmbH, Accustandard Inc., Agilent Technologies, Inc., AnalytiChem GmbH, ASI Standards, Bruker Corporation, Cambrex Corporation, Campro Scientific GmbH, Cayman Chemical Company, Central Drug House (P) Ltd., Crescent Chemical Co., Inc., CRM LABSTANDARD, Extrasynthese, FUJIFILM Wako Pure Chemical Corporation, GFS Chemicals Inc., Honeywell International Inc., Horiba, Ltd., HPC Standards GmbH, HWI pharma services GmbH, Inorganic Ventures, Inc., Labsert Ltd., LGC Standards Ltd., Mallinckrodt Pharmaceuticals PLC, Merck KGaA, PerkinElmer, Inc., Phenomenex Inc. by Danaher Corporation, Qiagen N.V., Restek Corporation, Ricca Chemical Company, LLC, Shimadzu Corporation, SimSon Pharma Limited, SMS Pharmaceuticals Ltd., SPEX CertiPrep Inc., Sussex Research Laboratories Inc., Thermo Fisher Scientific, Inc., and Waters Corporation.

Market Segmentation & Coverage

This research report categorizes the Analytical Standards Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Inorganic
- Organic

Technique
- Chromatography
  - Gas Chromatography
  - Ion Chromatography
  - Liquid Chromatography
  - Thin Layer Chromatography

Physical Properties Testing
- Colour Reference testing
- Sieve Calibration & Particle Size Testing
- Viscosity Testing

Spectroscopy
- Atomic Absorption Spectroscopy
- IR Spectroscopy
- Mass Spectroscopy
- Nuclear Magnetic Resonance Spectrometry
- UV/Vis Spectroscopy
- X-Ray Fluorescence/Diffraction Spectrometry

Titrimetry

Application
- Environmental
- Food & Beverage
- Forensic
- Pharmaceutical & Life Sciences
- Veterinary

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-436901066110

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing focus on food safety and testing worldwide
  - 5.1.1.2. Rising analytical standard application in proteomics and metabolomics
- 5.1.2. Restraints
  - 5.1.2.1. Complexity in the production and synthesis of existing and custom analytical standards
- 5.1.3. Opportunities
  - 5.1.3.1. Surging number of clinical trials and emphasis on ensuring its safety and effectiveness
  - 5.1.3.2. Introduction of new reliable analytical standards for advanced analytical technologies
- 5.1.4. Challenges
  - 5.1.4.1. Issues associated with the storage and transportation of analytical standards
5.2. Market Segmentation Analysis
- 5.2.1. Type: Utilization of inorganic & organic standards in pharmaceuticals and food & beverage industry
- 5.2.2. Technique: Rising uses of chromatography & spectroscopy techniques in compound and material analysis providing better outcomes with safety and reliability
- 5.2.3. Application: Increasing adoption of analytical standards compound in environmental and pharmaceutical applications ensuring better regulatory compliances
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Analytical Standards Market, by Type

6.1. Introduction
6.2. Inorganic
6.3. Organic

7. Analytical Standards Market, by Technique

7.1. Introduction
7.2. Chromatography
7.3. Physical Properties Testing
7.4. Spectroscopy
7.5. Titrimetry

8. Analytical Standards Market, by Application

8.1. Introduction
8.2. Environmental
8.3. Food & Beverage
8.4. Forensic
8.5. Pharmaceutical & Life Sciences
8.6. Veterinary

9. Americas Analytical Standards Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Analytical Standards Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Analytical Standards Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Cayman Chemical Introduces a New Tool to Study Protein-Lipid Interactions
- 12.3.2. Fentanyl Analog Screening Kit Now Available Internationally Through Partnership Between Cayman, CDC, and INCB
- 12.3.3. Cayman Chemical Launch New Traceable Opioid Material Kit
- 12.3.4. LGC Acquires the Lipomed Reference Standards Business, Enhancing Global Portfolio of Analytical Reference Materials
- 12.3.5. Waters Introduces Next-Generation Alliance iS HPLC System Aimed at Reducing Up to 40% of Common Lab Errors
- 12.3.6. ASI LLC joins Kiwa Group to expand Food, Feed & Farm Certifications in the United States
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio