Lab Chemicals Market Intelligence

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  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Lab Chemicals category?

Are you looking for answers on Lab Chemicals category?

  • What are the key trends in Lab Chemicals category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Lab Chemicals industry?
  • How is Lab Chemicals industry performing?

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Report Coverage

  • Market Analysis
  • Market Trends
  • Sourcing Practices
  • Sourcing and Pricing Model

Production Size

Global Market Value

$19.4 Billions

CAGR

7.3 percent

Table of Contents

  1. Executive Summary/COVID – 19 Update
  2. Executive Summary
  3. COVID – 19 Update
  1. Market Analysis
  2. Market Overview
  3. Market Trends
  4. End User Segmentation
  1. Sourcing Practices
  2. Cost Drivers of Lab Chemicals
  3. Cost Component Analysis
  4. Sourcing and Pricing Model
  5. Sourcing Channels
  1. Innovation Framework
  2. Innovation Framework
  1. Sustainability in Lab Chemicals-Buffers
  2. Sustainability in Lab Chemicals

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Lab Chemicals Global Market Outlook:

  • CAGR growth rate: 7.3 percent between 2019 and 2025E
  • 2020E Market Value: $19.4 Billions

Market Drivers
• Surge in investments in the field of life sciences
• The usage of lab consumables still continues to be a critical driver of this sector as per the innovation
• End-users that conduct a high number of testing purchase the reagents that are required to run the tests, providing vendors an opportunity to generate revenue with the high quantity sales of reagents.

Market Trends

Accelarated Globalization:

  • Supply centers of the lab chemicals suppliers are shifting due to the advent of shale gas in the U.S. or coal to olefins in China. Also, demand centers are shifting due to a rapidly growing middle class in the emerging countries.
  • New market entrants drive shrinking lifecycles and rapid commoditization of products

The Circular Economy:

  • Regulatory requirements significantly increase as the environmental impact of emissions and waste gets more and more evident.
  • Chemical companies are in greater need to respond to this, few companies are already extending their ecosystems with the purpose to establish end-to-end concepts

Market State:

  • The demand for lab chemicals is expected to witness steady growth due to increasing investment in global R&D, increase in stem cell and biotechnology research and high usage in diagnostic and therapeutic applications. North America captures approximately 52 percent of the lab reagents market
  • The demand for ready to use reagents is growing in clinical laboratories as it minimizes calculation,
    dilution, pipetting errors and sample contamination

Digitization:

  • It is seen that the chemicals companies in general plan to invest 5 percent of annual revenue on digitization over the next five years and nearly a third of them reported having already reached an advanced level of digitization.
  • These initiatives can produce near-term benefits across three primary business dimensions: operations, customer-facing, and organizational.

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