FTIR Spectrometer Market Size, Share, Growth, And Industry Analysis By Type (Portable FTIR Spectrometer, Desktop FTIR Spectrometer) By Application (Petrochemical, Food Industry, Pharmaceutical, Others), Regional Insights, and Forecast From 2023 To 2030

Updated On: 20 November 2023

FTIR Spectrometer market Report Overview

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The global FTIR Spectrometer market size was 326.9 million in 2022. As per our research, the market is expected to reach USD 466.3 million by 2028, exhibiting a CAGR of 6.1 % during the forecast period.

A FTIR spectrometer is a device that measures the quantities of a certain substance in samples of gas or liquid phases using the infrared (IR) absorption method. It classifies gases and liquids into different groups after measuring their individual wavelengths on a scale from 0 to 14 m. When analyzing unknown materials, FTIR spectrometers also offer simultaneous readings with two separate frequencies for increased accuracy, security, and safety. FTIR, or "Fourier transform infrared," is the most used kind of infrared spectroscopy. The idea behind all infrared spectroscopies is that some IR energy is absorbed when it passes through a material. It is measured how much radiation the sample emits. Because distinct molecules have varied spectra as a result of their unique structures, it is possible to recognize and categories different compounds using their spectra. The spectra resemble fingerprints or DNA almost exactly in this way.

A method for obtaining the infrared spectrum of a solid, liquid, or gas's emission, absorption, and photoconductivity is known as Fourier transform infrared (FT-IR) spectroscopy. High-resolution spectral data are gathered across a broad spectral range using an FT-IR spectrometer. Since dispersive spectrometers can only detect intensity across a small range of wavelengths at a time, FT-IR spectrometers are preferred. The sensitivity of FT-IR spectrometers has increased, and they may be used for chromatography in the pharmaceutical business, microscopy and imaging, and determining the water content of composites and polymers.

COVID-19 Impact: COVID-19 pandemic impedes the sales and manufacture hence reduced market growth

The market has been impacted by the COVID-19. The sales and manufacture of thermocouple temperature sensor technology were impeded by low investment costs and a labor shortage. However, in order to advance the practices, the government and significant market participants established additional safety measures. The Fourier transform infrared (FTIR) portable spectrometer saw an increase in sales because it was marketing to the correct demographic. The expanded use of these sensors across several sectors is anticipated to fuel market expansion in the post-pandemic situation. Infectious illness COVID-19 was first discovered in late December in Wuhan, Hubei province, China. SARS-CoV-2, a virus that causes the severe acute respiratory syndrome, spreads from person to person and is extremely infectious. The illness has expanded to about 213 nations since its breakout in December 2019, prompting the World Health Organization to declare a public health emergency on March 11, 2020. There are now about 155 compounds and 115 vaccine candidates in the R&D pipeline. Additionally, the demand for regularly used medications like hydroxychloroquine has dramatically increased due to the need to treat COVID-19. The fact that there is such a large demand for these medications and that many industrialized nations are experiencing a scarcity of them has created enormous prospects for makers of COVID-19 management medications. As a result, the demand for COVID-19 vaccinations and treatment medications will likely lead to considerable growth in the pharmaceutical and biotechnology sectors in the coming years. The FR-IR spectroscopy market is thus anticipated to suffer as a result.

Latest Trends

"Growth of the drug development industry and safety regulations boost the market growth"

The usage of FTIR spectrometers has also expanded as a result of stricter packaging and food labelling rules. For instance, food producers utilize the infrared attenuated total reflectance (ATR) method to figure out how many trans fats are present in their goods. In the medication development process, FTIR spectroscopy methods are frequently utilized for fast screening of raw materials, product formulation analysis, and validation. The rise in FTIR spectroscopy applications in the life sciences and pharmaceutical industries will provide growth possibilities for the FTIR portable spectrometer market between 2022 and 2029.

FTIR Spectrometer market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Portable FTIR Spectrometer, Desktop FTIR Spectrometer. Portable FTIR Spectrometer is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Petrochemical, Food Industry, Pharmaceutical, Others. Petrochemical will be the dominating segment.

Driving Factors

"Increasing Need for Monitoring Techniques Across Sectors fuel the market growth"

FTIR spectroscopy is employed in the fields of organic synthesis, polymer science, petrochemical engineering, pharmaceutical manufacturing, and food analysis. In other words, it may be applied to a wide range of tasks, such as process monitoring, chemical identification, and figuring out the constituents of a mixture.

The market is benefited by the expanding usage of portable Fourier transform infrared (FTIR) spectrometers in the chemical and food sectors. The rising use of portable spectrometers in astronomy, life sciences, materials chemistry, and non-contact temperature measurement is one of the key drivers boosting the market for Fourier Transform Infrared (FTIR) spectrometers.

"Government programmed are helping the market expand fuel the market growth"

The market is also affected by the rising expenditure in research and development activities. The market gains from the usage of food fingerprinting methods as well. Additionally, the market for portable Fourier transform infrared (FTIR) spectrometers benefits from quick industrialization, an increase in investments, and the growth of the manufacturing sector.

Restraining Factors

"High price of these devices may hamper the market"

The Fourier transform infrared (FTIR) portable spectrometer market will face additional challenges during the forecast period due to concerns about the rising cost of these instruments and trade-offs between accuracy and cost of the density meter instrument. This Fourier transform infrared (FTIR) portable spectrometer market report details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, the influence of domestic and localized market participants, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, and more. Contact Data Bridge Market Research for an Analyst Brief to learn more about the Fourier transform infrared (FTIR) portable spectrometer market. Our staff will assist you in making an educated choice to drive market expansion.

FTIR Spectrometer market Regional Insights

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"North America anticipated to be the dominating region during forecast period"

North America has a dominant position on the worldwide market primarily because of the strict government rules governing the examination of produced goods and the application of process analytical technologies to ensure the high quality performance of the finished product. In 2017, the area North America USD 427.2 earned USD 427.2 in sales, and it is anticipated that this dominance would last the whole projected year. Asia Pacific is anticipated to see the fastest growth rate over the projection period. Process spectroscopy market expansion is predicted to be driven by the presence of major manufacturers and distributors in APAC, such as Shimadzu Corporation, Kett Electric Laboratory, Horiba, Ltd., etc., with a reasonably high CAGR. Major developments seen in this sector include the development of standardized, cost-effective spectroscopic equipment designs and having complete analytical features for improved performance.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Thermo Fisher (U.S.)
• Perkin Elmer (U.S.)
• Bruker (U.S.)
• Agilent (U.S.)
• Shimadzu (Japan)
• ABB (Switzerland)
• JASCO Corporation (U.S.)
• MKS Instruments (U.S.)
• TIANJIN GANGDONG SCI.&TECH. CO, LTD (china)
• Beijing Beifeng Ruili Analytical Instruments(Group)Co.,Ltd. (china)
• Jiangsu Skyray Instrument Co.,Ltd. (china)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.