The global analytical standards market offers growing public concerns related to the optimum food safety and quality, growing applications of different analytical techniques in metabolomics & proteomics, and improved regulatory emphasis on effective pollution monitoring and control are some of the important factors that are helping to drive the growth of the global market.
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The outbreak of COVID-19 pandemic has substantially affected the global analytical standards market. The analytical instrumentation sector is now facing challenges in the production and supply chain such as delivering to end users promptly and attending to an uneven demands for the different products and services in the sector.
Increasing Demand from End User Industries to Drive Market Growth
There are several factors that are helping to drive the overall growth of the global analytical standards market. One of the major driving factors for the market growth has been rising use of techniques such as chromatography, mass spectrometry, and other analytical techniques by the prominent end user industries such as food laboratories to check for adulteration and make sure of food safety. Spectroscopy and chromatography are some of the most commonly applied analytical techniques in quality control of food and quality testing. All these factors are expected to drive the overall development of the global analytical standards market. In addition to this, strict regulations for ensuring food safety by different countries is also helping to drive the market growth.
However, there are some factors that impeding the development of the global analytical standards market. One of the key restraining factor for the market has been lack of awareness among people related to effective pollution monitoring strategies.
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Some of the key companies Merck KGaA (Germany), Agilent Technologies (US), Restek Corporation (US), SPEX CertiPrep (US), AccuStandard, Inc. (US), Thermo Fisher Scientific, Inc. (US), Waters Corporation (US), LGC Standards (UK), and PerkinElmer, Inc. (US) are the major players in analytical standards market.