Market Research Global Laboratory Chemicals Market Analysis 2018

The global laboratory chemicals market is expected to witness a moderate growth during the
forecasted period, 2018-2023. Asia-Pacific is expected to be the fastest growing market during
the forecast period.
Growing R&D Activities in the Field of Biological and Chemical Sciences in Asia-Pacific
The laboratory chemicals market is mainly driven by the growing R&D activities in the field of
biological and chemical sciences. The laboratory chemicals market is growing primarily due to a
significant increase in their use in basic research applications, coupled with large-scale
commercial applications. An ongoing refinement and advancement of technologies, such as cell
culture, recombinant DNA, and bio-therapeutics, have enhanced the scientific communitys
ability to identify and produce important human therapeutic agents over the years. Moreover,
growing interest of the world scientific community in such chemicals is anticipated to escalate
the growth of the laboratory chemicals market.
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Growing Usage in Environmental Application
Laboratory chemicals are used for testing air, water, and soil under certain conditions. These
chemicals help in determining pollutants, trace metal acids, toxic organics, and other impurities
present in the environment. The major chemicals used for these applications include high
performance liquid chromatography reagents (HPLC), ultra high-performance liquid
chromatography reagents (UHPLC), mass spectrometry reagents (MS), and gas spectrometry
reagents (GS). Thus, the growing usage of these chemicals are driving the demand for laboratory
chemicals over the forecast period.
Asia-Pacific Region to be the Fastest Growing Market
The main reason for the growth of the laboratory chemicals market in Asia-Pacific region can be
attributed to the establishment of new academic institutions across the country, especially in the
areas of biological and chemical sciences. China is one of the largest pharmaceutical markets
globally, owing to economic development in the country, along with the growing demand from
the aging population. Thus, the growing number of patents, academic research, and increasing
R&D expenditure, especially in the pharmaceutical industry, are driving the laboratory chemicals
market in Asia-Pacific region during the forecast period.
Major Players: Merck&Co.,Inc., VWR, Waters, Beckman Coulter Inc., and GE Healthcare,
amongst others.
Key Developments in the Market
April 2017: MilliporeSigma collaborated with LabCentral, a biotechnology incubator, in
Cambridge, Massachusetts
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market-segmented-by-chemical-type-by-application-and-geography-growth-trends-and-
forecasts-2018-2023
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