Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Laboratory Chemicals Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Projected Market Size of the Laboratory Chemicals Industry in 2024 and 2025?
The market size for laboratory chemicals has been on a consistent rise in the past few years. It is projected to increase from $4.08 billion in 2024 to $4.28 billion in 2025, with a compound annual growth rate (CAGR) of 4.9%. The historic period's growth rate is related to these factors.
What Is the Projected Market Size of the Laboratory Chemicals Market in 2029?
The laboratory chemicals market is projected to reach $5.68 billion in 2029, with a compound annual growth rate (CAGR) of 7.3%.
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What Are the Key Drivers of Laboratory Chemicals Market Growth?
The key Drivers in the laboratory chemicals market are:
• The surge in clinical research activities nationally and internationally
• The continuous demand for new and effective medical treatments and diagnostics
• The utilization of modern methodologies such as tandem mass spectrometry in labs
• The increasing use of automated devices and high-performance liquid chromatography in laboratory tests.
What Are the Primary Segmentation Categories in the Laboratory Chemicals Market?
The laboratory chemicalsmarket covered in this report is segmented –
1) By Type: Cytokine And Chemokine Testing, Biochemistry, Molecular Biology, Environmental Testing, Cell Or Tissue Culture, Carbohydrate Analysis, Other Types
2) By Application: Government, Education, Industrial, Healthcare
3) By End User: Pharmaceutical Companies, Biotechnological Companies, Academic And Research Institutions, Other End-Users
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What Are the Major Trends Shaping the Laboratory Chemicals Market in 2025 and Beyond?
The key trends in the laboratory chemicals market are:
• Product innovation is a rising trend in the laboratory chemicals market.
• Major companies are focusing on creating and developing innovative products.
• The emergence of new products is a result of strengthening their market position.
• Products that provide batch traceability and supply chain transparency are in demand.
Who Are the Emerging Players in the Laboratory Chemicals Market?
The key players in the laboratory chemicals market are:
• Honeywell International Inc.
• BD Biosciences Systems and Reagents Inc.
• GE Healthcare Inc.
• ITW Reagents Division
• Avantor Inc.
• Agilent Technologies Inc.
• Hitachi High-Technologies Corporation
• bioMérieux SA
• PerkinElmer Inc.
• Beckman Coulter Inc.
• Shimadzu Corporation
• Hamilton Company
• Meridian Life Science Inc.
• Takara Bio Inc.
• Cole-Parmer Instrument Company LLC.
• Toronto Research Chemicals Inc.
• Spectrum Chemical Mfg. Corp.
• FUJIFILM Wako Pure Chemical Corp
• Biosynth AG
• Merck Millipore Ltd.
• GFS Chemicals Inc.
• Dasit Group S.p.A.
• Thomas Scientific LLC
• Labconco Corp.
• Pathtech Pty Ltd.
• Lonza Biologics Inc.
• Morphisto GmbH
• KNAUER Wissenschaftliche Geräte GmbH
• Molecular BioProducts Inc.
• Biochrom Ltd.
Which Regions Are Leading the Growth in the Global Laboratory Chemicals Market?
Europe was the largest region in the laboratory chemicals market in 2024
