Global Fourier Transform Infrared Spectroscopy (FTIR) Market Size By Type (Benchtop FT-IR Spectrometers, Portable FT-IR Spectrometers), By Application (Pharmaceutical, Chemical, Food & Packaging), By Geographic Scope And Forecast

Fourier Transform Infrared Spectroscopy (FTIR) Market Size And Forecast

Fourier Transform Infrared Spectroscopy (FTIR) Market size was valued at USD 1426 Million in 2021 and is projected to reach USD 2111.5 Million by 2030, growing at a CAGR of 4.45% from 2023 to 2030.

The increase in FT-IR spectroscopy applications is a key factor driving the growth of the global Fourier Transform Infrared Spectroscopy (FTIR) Market. The Global Fourier Transform Infrared Spectroscopy (FTIR) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Fourier Transform Infrared Spectroscopy (FTIR) Market Definition

The infrared region of the electromagnetic radiation spectrum, which has a longer wavelength and a lower frequency than visible light, is measured by FTIR analysis. An interferometer is used in an FTIR instrument, which consists of a source, beam splitter, two mirrors, a laser, and a detector. When infrared radiation is passed through a sample, some of it is absorbed and some pass through it. The resulting spectrum represents the sample’s molecular absorption and transmission, forming a molecular fingerprint.

Global Fourier Transform Infrared Spectroscopy (FTIR) Market Overview

Food and packaging, gas analysis, environmental analysis, life science, research, oil and gas analysis, pharmaceuticals, and forensics are just a few of the applications for FR-IR spectroscopy. The increase in FT-IR spectroscopy applications is a key factor driving the growth of the global Fourier Transform Infrared Spectroscopy (FTIR) Market. Rapid technological advancements in FT-IR spectroscopy have resulted in increased R&D activities in the field by a number of biotechnology and pharmaceutical companies.

Furthermore, the implementation of strict packaging and food labeling regulations has accelerated the adoption of FT-IR spectroscopy instruments in the food industry. The IR attenuated total reflectance technique is now used by food manufacturers to quickly determine the trans fat content of food products. Increased use of FT-IR spectroscopy in the life science and pharmaceutical industries propels market growth during the forecast period. In the drug development process, FT-IR spectroscopy is used to screen intermediates and raw materials.

It is also used in quality control processes and formulation preparation. Moreover, the high cost of FT-IR spectroscopy instruments, on the other hand, may stymie market growth. Furthermore, as the design of these instruments has advanced, the demand for skilled professionals for the operation has increased, acting as a restraint on the Fourier transforms infrared spectroscopy market.

Global Fourier Transform Infrared Spectroscopy (FTIR) MarketSegmentation Analysis

The Global Fourier Transform Infrared Spectroscopy (FTIR) Market is Segmented on the basis of Type, Application, and Geography.

Fourier Transform Infrared Spectroscopy (FTIR) Market, By Type

• Benchtop FT-IR Spectrometers
• Portable FT-IR Spectrometers
• Others

Based on Type, the market is segmented into Benchtop FT-IR Spectrometers, Portable FT-IR Spectrometers, and Others. Benchtop FT-IR spectrometers are quick and dependable tools for material identification and quantification. They are typically compact and rugged, making them appropriate for laboratory and process applications. Benchtop FT-IR spectrometers are available in a variety of models, each with its own unique set of features, such as the ALPHA interferometer, which is based on Bruker Optics’ patented RockSolidTM design, or the TEO 200-X, which is one of the most compact and versatile infrared FTIR spectrophotometers. Online user reviews can be used to compare products and request pricing from manufacturers.

Fourier Transform Infrared Spectroscopy (FTIR) Market, By Application

• • Pharmaceutical
• Chemical
• Food & Packaging
• Environmental
• Semiconductors
• Forensics
• Others

Based on Application, the market is segmented into Pharmaceutical, Chemical, Food & Packaging, Environmental, Semiconductors, Forensics, and Others.

Fourier Transform Infrared Spectroscopy (FTIR) Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

Based on Regional Analysis, the Global Fourier Transform Infrared Spectroscopy (FTIR) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The availability of killed labours, as well as increasing investment in spectrometer manufacturing by key players, drive the global market in this region. Pharmaceutical and biotech companies drive the global market in North America with quality verification of incoming/outgoing materials, microanalysis of small sections of materials to identify contaminants, analysis of thin films and coatings, and failure analysis.

Key Players

The “Global Fourier Transform Infrared Spectroscopy (FTIR) Market” study report will offer useful information with a focus on the global market. The major players in the market are Perkin Elmer, Bruker, Beijing Beifeng Ruili Analytical Instruments Co., Ltd., Thermo Fisher, JASCO Corporation, MKS Instruments, TIANJIN GANGDONG SCI TECH. CO. LTD., Jiangsu Skyray Instrument Co., Ltd., Agilent, and Shimadzu.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global Fourier Transform Infrared Spectroscopy (FTIR) Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in Global Fourier Transform Infrared Spectroscopy (FTIR) Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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