Process Spectroscopy Market

Industry Overview

The global process spectroscopy market is expected to grow from USD 17.2 billion to USD 30.3 billion by 2030 at a compound annual growth rate of 8.8% during the forecast from ranging 2025 to 2030.

Process spectroscopy refers to the specific method of scrutinizing the relations between light, electromagnetic radiation, and matter. Typically, benchtop, portable, micro, and hyphenated spectroscopes, amplifiers, microscopes, display units, and signal processors are all used in process spectroscopy. It is adopted in a wide range of processes, such as Fourier Transform Infrared Spectroscopy (FT-IR), Raman spectroscopy, nuclear magnetic resonance (NMR), and Near-Infrared Spectroscopy (NIR). The technology splits radiation into its different wavelengths to examine different ions, protons, and electrons. This technique is extensively used in biological research, healthcare, pharmaceuticals, water and wastewater management, and electronics sectors.

The COVID-19 pandemic has had a moderate impact on the process spectroscopy market owing to its wide adoption in the pharmaceutical sector to detect SARS-CoV-2.

Market Segmentation

Insight by Technology

The global process spectroscopy market is divided by technology into mass spectroscopy, molecular spectroscopy, and atomic spectroscopy categories. The molecular spectroscopy segment will grow at a higher CAGR due to compact design and higher usage for drug development and other specific purposes. It is typically divided into different subsections such as Near-Infrared, Fourier-Transform Infrared, Nuclear Magnetic Resonance, Raman, and other segments. The NMR segment is expected to grow due to rapid development. Raman spectroscopy is expected to grow at a higher CAGR during the forecast period due to higher adoption in the food, agriculture, and pharmaceutical industries.

Insight by Component

The global process spectroscopy market is also divided by components into hardware and software segments. Out of these two segments, the former is expected to grow more and contribute a larger share to the market during the forecast period due to the growing adoption of manufacturing and packaging industries for regulatory compliance and quality standard requirements.

Insight by Application

Different applications also divide the global process spectroscopy market into oil & gas, pharmaceuticals, polymer, food & agriculture, chemicals, water and wastewater management, pulp & paper, metal & mining, and other segments. Out of these, the pharmaceutical segment is expected to contribute a larger share of the market during the projected period due to higher usage by drug companies for testing the porosity of a substance to maintain quality control standards. It is also used extensively to evaluate the state of the compositions. The food, agriculture, water, and wastewater segments are also expected to grow at a higher CAGR due to the higher efficiency of this process to detect impurities in water. In the food & agriculture industry, it is used to monitor materials used in fermentation processing and the reactions to avoid repetition and preserve product uniformity.

Global Process Spectroscopy Market Report Coverage

Industry Dynamics

Industry Trends

One noteworthy trend in the industry is the rising emphasis on lowering variable costs by eradicating errors in the production process and rework requirements. The ability to monitor and control the quality of product most effectively and efficiently by process spectroscopy allows that. Furthermore, there is also an increased emphasis on maintaining international quality standards like ISO by several industries, especially pharmaceutical, food & beverage, chemical, and agriculture.

Growth Drivers

The growth factors of the global process spectroscopy market include rapid industrialization and the growing demand for better-quality products. The rise in consumer awareness and the shifting energy sources also propels the market growth. Additionally, strict government regulations regarding safety standards and compliance requirements with given standards are further fueling the market growth. The benefits offered by process spectroscopy, such as cost-efficiency, time-saving, low-cost inventory management, and eliminating negative results due to interruption of production at any stage, encourage higher adoption in pharmaceuticals, food, and agriculture industries along with the forensic sector for identifying organic compounds or substances in a crime scene are promoting market expansion. In addition, the growing research and development activities, accuracy in analysis, and prediction of product quality, especially in medicine, packaged food, and chemicals, are also fueling the market growth.

Challenges

The most significant hindrance to the growth of the global process spectroscopy market is the large capital requirement in deploying spectroscopic equipment. It is also hindered by issues related to the utilization of and lack of skilled personnel.

Opportunities

Growth opportunities are, however, offered by the ongoing innovation in process spectroscopy to reduce the cost of product evaluation. The availability and extensive use of promotional tools by vendors, the growth in the number of research on the microscopic study of chemicals in the pharmaceuticals industry, and the growing adoption of technically developed cloud-based equipment by pharmaceutical firms also create new growth opportunities. Also, the growing emphasis by companies to develop portable spectrometer instruments with wireless connectivity that provide instant results offers opportunities for growth in the process spectroscopy market.

Geographic Overview

North America is expected to contribute the largest market share during the forecast period due to a developed infrastructure in the region. It is also attributed to the growing adoption of this technique across a wide range of industry verticals like food, pharmaceutical, and oil industries. In addition, the strict government rules for manufactured products and the presence of major industry players in the region also facilitate its growth.

Asia Pacific is expected to grow at a faster rate during the projected period due to higher R&D initiatives and developed processes, a robust manufacturing hub, and higher application in the extraction, processing, and distribution of oil and gas. It is also attributed to technological developments in spectroscopic techniques such as NIR, FTIR, and Raman, which are making them more user-friendly, accessible, and cost-effective.

Competitive Insight

To obtain a competitive advantage, corporations have been cutting prices and boosting quality. Companies with inefficient process control face various problems, including long lead times for manufacturing and inventory, as well as visual faults that can harm a brand's image. Consumer satisfaction, reduced manufacturing and inspection costs, efficient resource usage, and improved sales are all advantages of effective implementation. Furthermore, the industry players are emphasizing R&D activities to improve their product portfolio and are entering into M&A, joint ventures, partnerships, and agreements to expand their geographical presence and sustain themselves in a competitive market.

Yokogawa is one of the major providers, offering research and development of a molecular spectroscopic sensor that would visualize data that would otherwise be unseen. Yokogawa has developed spectroscopic analysis technology, spectrum analysis technology, and nanophotonics technology over many years. Yokogawa produced a sensing device and a prototype of a handheld molecular spectroscopic sensor containing this device by combining these technologies. Quality control and logistics management are likely to benefit from this technology. Yokogawa will continue to research and develop a molecular spectroscopic sensor, to expand its use in a variety of industries.

Agilent’s best-in-class portfolio of spectroscopy systems is more qualified and offers the right solution for a specific challenge. Innovations such as the Cary 3500 UV-Vis and laser direct infrared (LDIR) chemical imaging, 4300 handheld FTIR, and proprietary spatially offset and transmission Raman technologies will provide growth in molecular spectroscopy instruments.  Agilent provides a wide range of FTIR instruments, from portable FTIR analyzers and flexible handheld FTIR spectrometers for field applications to dependable benchtop instruments for routine FTIR testing and cutting-edge research. Agilent FTIR instrumentation provides accurate results for specific FTIR analyses.

Some of the key players operating in the 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.

Recent Developments by Key Players

Sartorius has collaborated with NVIDIA to help enable the development of new and better therapies, combining Sartorius’ life sciences and bioprocessing expertise with NVIDIA’s AI-powered computing platforms and software.

Thermo Fisher Scientific has built a new manufacturing facility and expanded capabilities in Singapore to enable the country’s science and technology sector to accelerate research, development and manufacturing of critical medicines and vaccines

The Process Spectroscopy Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Technology
  • Mass Spectroscopy
  • Molecular Spectroscopy
    • Near-Infrared (NIR)
    • Fourier-Transform Infrared (FT-IR)
    • Raman
    • Nuclear Magnetic Resonance (NMR)
    • Others
  • Atomic Spectroscopy
• By Component
  • Hardware
  • Software
• By Application
  • Polymer
  • Oil & Gas
  • Pharmaceuticals
  • Food & Agriculture
  • Chemicals
  • Water and Wastewater Management
  • Pulp & Paper
  • Metal & Mining
  • Others

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Technology
                1.2.2.    By Component 
                1.2.3.    By Application             
                1.2.4.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Technology
                5.1.1.    Mass Spectroscopy
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Molecular Spectroscopy
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Atomic Spectroscopy
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030          
        5.2.    By Component
                5.2.1.    Hardware
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Software
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030        
        5.3.    By Application   
                5.3.1.    Polymer
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030
                5.3.2.    Oil & Gas
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030
                5.3.3.    Pharmaceuticals
                        5.3.3.1. Market Definition
                        5.3.3.2. Market Estimation and Forecast to 2030
                5.3.4.    Food & Agriculture
                        5.3.4.1. Market Definition
                        5.3.4.2. Market Estimation and Forecast to 2030
                5.3.5.    Chemicals
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030
                5.3.6.    Water and Wastewater Management
                        5.3.3.1. Market Definition
                        5.3.3.2. Market Estimation and Forecast to 2030
                5.3.7.    Pulp & Paper
                        5.3.4.1. Market Definition
                        5.3.4.2. Market Estimation and Forecast to 2030
                5.3.8.    Metal & Mining
                        5.3.8.1. Market Definition
                        5.3.8.2. Market Estimation and Forecast to 2030
                5.3.9.    Others
                        5.3.9.1. Market Definition
                        5.3.9.2. Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

        6.1.    By Technology
        6.2.    By Component 
        6.3.    By Application      
        6.4.    By Country – U.S., Canada, and Mexico
                6.4.1.    U.S. Market Estimate and Forecast
                6.4.2.    Canada Market Estimate and Forecast
                6.4.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Technology
        7.2.    By Component 
        7.3.    By Application        
        7.4.    By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe
                7.4.1.    Germany Market Estimate and Forecast
                7.4.2.    France Market Estimate and Forecast
                7.4.3.    U.K. Market Estimate and Forecast
                7.4.4.    Italy Market Estimate and Forecast
                7.4.5.    Spain Market Estimate and Forecast
                7.4.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Technology
        8.2.    By Component 
        8.3.    By Application        
        8.4.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                8.4.1.    China Market Estimate and Forecast
                8.4.2.    Japan Market Estimate and Forecast
                8.4.3.    India Market Estimate and Forecast
                8.4.4.    South Korea Market Estimate and Forecast
                8.4.5.    Singapore Market Estimate and Forecast
                8.4.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Technology
        9.2.    By Component 
        9.3.    By Application        
        9.4.    By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
                9.4.1.    Brazil Market Estimate and Forecast
                9.4.2.    Saudi Arabia Market Estimate and Forecast
                9.4.3.    South Africa Market Estimate and Forecast
                9.4.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Yokogawa Electric Corporation
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Agilent Technologies, Inc.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Danaher
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Kett Electric Laboratory
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Sartorius AG
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    Bruker
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    Foss A/S
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Buchi Labortechnik AG
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Shimadzu Corporation
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.   Thermo Fisher Scientific
                10.10.1.   Snapshot
                10.10.2.   Overview
                10.10.3.   Offerings
                10.10.4.   Financial Insight
                10.10.5.   Recent Developments        

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Process Spectroscopy Market, By Technology, 2018 - 2023 (USD Billion)
Table 5 Global Process Spectroscopy Market, By Technology, 2025 - 2030 (USD Billion)
Table 6 Global Process Spectroscopy Market, By Component, 2018 - 2023 (USD Billion)
Table 7 Global Process Spectroscopy Market, By Component, 2025 - 2030 (USD Billion)
Table 8 Global Process Spectroscopy Market, By Application, 2018 - 2023 (USD Billion)
Table 9 Global Process Spectroscopy Market, By Application, 2025 - 2030 (USD Billion)
Table 10 Global Process Spectroscopy Market, By Region, 2018 - 2023 (USD Billion)
Table 11 Global Process Spectroscopy Market, By Region, 2025 - 2030 (USD Billion)
Table 12 North America Process Spectroscopy Market, By Technology, 2018 - 2023 (USD Billion)
Table 13 North America Process Spectroscopy Market, By Technology, 2025 - 2030 (USD Billion)
Table 14 North America Process Spectroscopy Market, By Component, 2018 - 2023 (USD Billion)
Table 15 North America Process Spectroscopy Market, By Component, 2025 - 2030 (USD Billion)
Table 16 North America Process Spectroscopy Market, By Application, 2018 - 2023 (USD Billion)
Table 17 North America Process Spectroscopy Market, By Application, 2025 - 2030 (USD Billion)
Table 18 North America Process Spectroscopy Market, By Region, 2018 - 2023 (USD Billion)
Table 19 North America Process Spectroscopy Market, By Region, 2025 - 2030 (USD Billion)
Table 20 Europe Process Spectroscopy Market, By Technology, 2018 - 2023 (USD Billion)
Table 21 Europe Process Spectroscopy Market, By Technology, 2025 - 2030 (USD Billion)
Table 22 Europe Process Spectroscopy Market, By Component, 2018 - 2023 (USD Billion)
Table 23 Europe Process Spectroscopy Market, By Component, 2025 - 2030 (USD Billion)
Table 24 Europe Process Spectroscopy Market, By Application, 2018 - 2023 (USD Billion)
Table 25 Europe Process Spectroscopy Market, By Application, 2025 - 2030 (USD Billion)
Table 26 Europe Process Spectroscopy Market, By Region, 2018 - 2023 (USD Billion)
Table 27 Europe Process Spectroscopy Market, By Region, 2025 - 2030 (USD Billion)
Table 28 Asia-Pacific Process Spectroscopy Market, By Technology, 2018 - 2023 (USD Billion)
Table 29 Asia-Pacific Process Spectroscopy Market, By Technology, 2025 - 2030 (USD Billion)
Table 30 Asia-Pacific Process Spectroscopy Market, By Component, 2018 - 2023 (USD Billion)
Table 31 Asia-Pacific Process Spectroscopy Market, By Component, 2025 - 2030 (USD Billion)
Table 32 Asia-Pacific Process Spectroscopy Market, By Application, 2018 - 2023 (USD Billion)
Table 33 Asia-Pacific Process Spectroscopy Market, By Application, 2025 - 2030 (USD Billion)
Table 34 Asia-Pacific Process Spectroscopy Market, By Region, 2018 - 2023 (USD Billion)
Table 35 Asia-Pacific Process Spectroscopy Market, By Region, 2025 - 2030 (USD Billion)
Table 36  RoW Process Spectroscopy Market, By Technology, 2018 - 2023 (USD Billion)
Table 37  RoW Process Spectroscopy Market, By Technology, 2025 - 2030 (USD Billion)
Table 38  RoW Process Spectroscopy Market, By Component, 2018 - 2023 (USD Billion)
Table 39  RoW Process Spectroscopy Market, By Component, 2025 - 2030 (USD Billion)
Table 40  RoW Process Spectroscopy Market, By Application, 2018 - 2023 (USD Billion)
Table 41  RoW Process Spectroscopy Market, By Application, 2025 - 2030 (USD Billion)
Table 42  RoW Process Spectroscopy Market, By Region, 2018 - 2023 (USD Billion)
Table 43  RoW Process Spectroscopy Market, By Region, 2025 - 2030 (USD Billion)
Table 44 Snapshot – Wanhua
Table 45 Snapshot – Covestro AG
Table 46 Snapshot – Dow
Table 47 Snapshot – Huntsman International LLC.
Table 48 Snapshot – SEKISUI CHEMICAL CO., LTD.
Table 49 Snapshot – DuPont
Table 50 Snapshot – Saint Gobain
Table 51 Snapshot – LAXNESS (Previously named as Chemtura Corporation)
Table 52 Snapshot – NITTO DENKO CORPORATION
Table 53 Snapshot – Rogers Corporation