Global Market for Process Spectroscopy is Anticipated to grow at a Significant Pace i.e., USD 30.3 Billion during the Forecast Period 2025 - 2030

Published Date: Mar, 2024

During the forecast period 2025-2030, the global process spectroscopy market is expected to have an 8.8% CAGR. The method of utilizing a spectrometer to calculate or monitor things is known as process spectroscopy. It entails evaluating things that have previously been created. Process spectroscopy can be applied to a wide range of processes, including FT-IR (Fourier transform infrared spectroscopy), Raman spectroscopy, and NIR (near-infrared). These solutions reduce the amount of time and money spent on the whole monitoring process. The signal and spectrum, which is a graphical symbol of a spectrometer, are examined by software. Because of its advantages, process spectroscopy is regarded as one of the best approaches for predicting finished goods. It is widely used in the food and healthcare industry to monitor that the finished products meet the anticipated quality standards. Furthermore, the increased awareness about quality food & drugs, stringent rules and regulations implemented by the government to meet the international standards of quality like ISO or Six Sigma Certification across industries, and innovations and up-gradation by investing in research and development activities will fuel the growth of the process spectroscopy market. Nevertheless, the evolving cloud-based spectroscopy provides immense opportunities and its adoption in several end-use industries will accelerate the growth of the process spectroscopy market.

The process spectroscopy market refers to the industry segment that deals with the development, manufacturing, and deployment of spectroscopic instruments and systems for real-time analysis and monitoring of chemical and physical properties during industrial processes. Process spectroscopy involves the use of various spectroscopic techniques to analyze and measure the composition, concentration, and characteristics of substances in real-time, enabling process optimization, quality control, and efficiency improvement.

The process spectroscopy market has witnessed significant growth in recent years due to the increasing adoption of spectroscopic technologies in industries such as pharmaceuticals, food and beverages, oil and gas, chemicals, and manufacturing. Some key factors driving the market growth include:

Process optimization and control: Spectroscopic techniques provide valuable insights into the chemical composition and physical properties of substances during various industrial processes. By continuously monitoring key parameters, such as concentration, purity, temperature, and reaction kinetics, process spectroscopy enables real-time control and optimization, leading to improved efficiency, reduced waste, and enhanced product quality.

Quality control and assurance: Spectroscopic analysis plays a vital role in quality control and assurance across industries. It enables rapid and accurate assessment of raw materials, intermediate products, and final products, ensuring compliance with quality standards, detecting impurities or contaminants, and maintaining consistent product quality.

Regulatory compliance: Many industries, such as pharmaceuticals and food and beverages, are subject to stringent regulatory requirements. Process spectroscopy helps in meeting regulatory compliance by providing in-line monitoring and analysis, ensuring adherence to safety, purity, and labeling regulations.

Real-time analysis and monitoring: The ability to perform real-time analysis and monitoring of chemical processes is a significant advantage offered by process spectroscopy. It allows for immediate detection of deviations or anomalies, enabling prompt corrective actions and reducing downtime and potential product losses.

Technological advancements: Continuous advancements in spectroscopic technologies, such as near-infrared (NIR) spectroscopy, Raman spectroscopy, and Fourier transform infrared (FTIR) spectroscopy, have made them more reliable, user-friendly, and cost-effective. These advancements have expanded the applications of process spectroscopy in various industries.

The ZenoTOF 7600 system, a new accurate mass LC-MS/MS instrument, was launched by SCIEX, a global leader in life science analytical technologies, in July 2022. By generating previously unobtainable data, the new method allows scientists to better identify, classify, and measure molecules than ever before. This breakthrough will help promote the development of new precision diagnostics and biotherapeutics by resolving real-world analytical problems.

The COVID-19 pandemic has a modest effect on the process spectroscopy market as it is widely adopted in the medical sector to identify the patient suffering from SARS-COV 2.

Browse 53 market data Tables and 35 Figures spread through 250 Pages and in-depth TOC on " Process Spectroscopy Market by Technology (Mass Spectroscopy, Molecular Spectroscopy (Near-Infrared (NIR), Fourier-Transform Infrared (FT-IR), Raman, Nuclear Magnetic Resonance (NMR), and Others), and Atomic Spectroscopy) by Component (Hardware and Software), by Application (Polymer, Oil & Gas, Pharmaceuticals, Food & Agriculture, Chemicals, Water and Wastewater Management, Pulp & Paper, Metal & Mining, and Others), and Region - Global Forecast to 2030"

By technology, molecular spectroscopy is projected to be the dominate the market during the forecast period.

Molecular spectroscopy dominates the market as it is a technique that is extensively used in diverse industry verticals like food, agriculture, pharmaceuticals, etc. and increased adoption in environmental screening will further accelerate the growth of the segment. The system is gaining popularity due to its ability to monitor, analyze, and regulate production processes, as well as recognize flaws in product materials by improving product quality. The spectrum response of molecules interacting with various frequencies and energies is measured by molecular spectroscopy analysis. The ultraviolet (UV), visible light (vis), and infrared (IR) radiation spectrums, as well as advanced instrumentation, are available in molecular spectroscopy facilities which are used to analyze molecules.

Global Process Spectroscopy Market Segmentation and Key Players

Segment / Key Players

Categorization

Technology

Mass Spectroscopy, Molecular Spectroscopy (Near-Infrared (NIR), Fourier-Transform Infrared (FT-IR), Raman, Nuclear Magnetic Resonance (NMR), and Others), and Atomic Spectroscopy

Component

Hardware and Software

Application

Polymer, Oil & Gas, Pharmaceuticals, Food & Agriculture, Chemicals, Water and Wastewater Management, Pulp & Paper, Metal & Mining, and Others

Key Players

Yokogawa Electric Corporation, Agilent Technologies, Inc., Danaher, Kett Electric Laboratory, Sartorius AG, Bruker, Foss A/S, Buchi Labortechnik AG, Shimadzu Corporation, and Thermo Fisher Scientific.

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“Asia-Pacific is expected to have the fastest growth during 2025-2030 in process spectroscopy market.”

Asia-Pacific is anticipated to have the fastest growth in the process spectroscopy market owing to the rising R&D activities for product development, growing manufacturing sector, adoption of spectroscopic methods for producing, refining, and distributing oil & gas, and increased market penetration in the region.

Some of the major players in the global process spectroscopy market include Yokogawa Electric Corporation, Agilent Technologies, Inc., Danaher, Kett Electric Laboratory, Sartorius AG, Bruker, Foss A/S, Buchi Labortechnik AG, Shimadzu Corporation, and Thermo Fisher Scientific.

Global Process Spectroscopy Market Coverage

Technology Insight and Forecast 2025-2030

  • Mass Spectroscopy
  • Molecular Spectroscopy
    • Near-Infrared (NIR)
    • Fourier-Transform Infrared (FT-IR)
    • Raman
    • Nuclear Magnetic Resonance (NMR)
    • Others
  • Atomic Spectroscopy

Component Insight and Forecast 2025-2030

  • Hardware
  • Software

Application Insight and Forecast 2025-2030

  • Polymer
  • Oil & Gas
  • Pharmaceuticals
  • Food & Agriculture
  • Chemicals
  • Water and Wastewater Management
  • Pulp & Paper
  • Metal & Mining
  • Others

Geographical Segmentation

Process Spectroscopy Market by Region

North America

  • By Technology
  • By Component
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Technology
  • By Component
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Technology
  • By Component
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Technology
  • By Component
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries