Analytical Standards Market by Type, Category (Primary, Secondary), Technique [Spectroscopy, Chromatography, Titrimetry], Industry [Environmental, Food (GMO, Carbohydrate), Petrochemistry (Diesel, Gasoline), Forensics], and Application - Global Forecast to 2027

The Analytical Standards Market is expected to grow at a CAGR of 6.8% from 2020 to 2027 to reach $2.66 billion by 2027. An analytical standard is a compound of known concentration and high purity, used as a calibration standard for a given assay. The growth in this market is majorly driven by rising safety concerns in the food and pharma industry, technological advancements leading to new product developments, and growing environmental safety concerns. Further, significant opportunities from an emerging market, continually growing biosimilars industry, and continuous advancements in separation techniques offer significant growth opportunities for the players operating in the analytical standards market.

COVID-19 Impact Assessment

The importance of analytical standards is rising in analytical testing in various industries like pharmaceutical, environmental sciences, food and beverage, and petrochemistry. The recent COVID-19 outbreak has given rise to innovations and product development in analytical standards. Growth in ISO/IEC 17025 accreditation demonstrates a rising demand for reliable and traceable results in analytical chemistry. As a response to the growing market needs, manufacturers of analytical standards have invested in new product developments.

• In June 2020, LGC’s (U.K.) SeraCareLife Sciences (U.S.) announced the release of ACCURUN Anti-SARS-CoV-2 Reference Materials to address the critical need for clinical laboratories to respond to the ongoing COVID-19 pandemic.
• In April 2020, The European Commission’s Joint Research Centre (Italy) announced the first certified reference materials for somatic cell counting in milk.
• As of September 2020, Bharat Petroleum Corporation Ltd (BPCL) (India) announced the launch of an analytical standard for petroleum laboratories for testing chemical components of crude oil
• In October 2019, SeraCare Life Sciences (U.S.) announced the launch of Tumor Mutational Burden Reference Materials for tumor mutational burden measurement by next-generation sequencing assays.
• In September 2019, Paragon Scientific Ltd (U.K.) announced the introduction of premium quality reference materials in the online catalog.
• In June 2018, the Joint Research Center (Italy), the European Union released analytical standards to analyze fifteen pesticide residues in cucumber.
• As of March 2017, Honeywell Research Chemicals (U.S.) announced the first series of Hydranal double-certified reference materials (CRM) for Karl Fischer Titration.
• In November 2016, SeraCare Life Sciences (U.S.) announced two new Seraseq reference materials for clinical oncology assays.

Several research initiatives have been underway to identify and detect complex analytes in the samples, which is further expected to drive innovations in analytical standards, leading to new product developments.

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Key findings in the analytical standards market study:

Organic standards generated large revenue in terms of type of analytical standards market

In 2020, the organic standards segment is estimated to account for the largest share of the global analytical standards market. From a regulatory and product safety standpoint, identifying and quantifying actual and potential organic impurities arising during synthesis, purification, and storage is critical in analytical chemistry. Growing demand for organic standards in determining organic impurities in various industries like pharmaceutical, food, and beverage, and a high preference for organic standards drive the demand for organic standards. Organic standards are manufactured for quality control studies, validation of methods, calibration of chromatography devices such as GC, GC-MS, HPLC. Organic analytical standards have applications in environmental analysis laboratories, research and development laboratories, food analysis laboratories, and forensic laboratories.

Primary standards is estimated to account for the largest revenue in terms of category of analytical standards market

In 2020, the primary standards segment is estimated to account for the largest share of the analytical standards market due to their ability to mix with the analytes of interest in a specified amount, high availability in the market with high stability & purity.

Chromatography is expected to dominate the analytical standards market

In 2020, the chromatography segment is estimated to account for the largest share of the analytical standards market. Technological advancements in chromatographic separations are one of the key factors supporting the market growth. There have been several improvements in chromatographic techniques, improving its potential to separate complex mixtures. Examples of new sample preparation techniques being developed are quick Easy Cheap Effective Rugged Safe (QuEChERS) for polar pesticide residue or multi-residue analysis in food.

Environmental analysis is estimated to account for the largest share of the analytical standards market

In 2020, the environmental analysis segment is estimated to account for the largest share of the analytical standards market. Growing focus on regulatory standards related to the environment, increasing pollution, and the rising awareness for a clean environment due to degrading environmental quality drive the growth of this segment. 

Microbiology testing is expected to register the fastest growth in the analytical standards market by 2027

The Microbiology testing segment is slated to grow with the fastest CAGR during the forecast period. This growth is mainly due to the growing biopharmaceutical industry, accelerated development of biologics and small molecules. Over the last few years, the development of biopharmaceuticals has increased significantly. Biopharmaceutical products being structurally complex, exhibit inherently batch to batch variation and consist of heterogeneous mixtures. Thus, well-characterized reference material is required in biopharmaceutical development and manufacturing. As per Batavia Biosciences Data, there are nearly 4,000 biopharmaceuticals under clinical development in the U.S., followed by Europe (2,000) and Japan (500). This is expected to accelerate the demand for reference standards, particularly for biopharmaceuticals.

Asia-Pacific is expected to be the fastest growing regional market

North America is estimated to command the largest share of the analytical standards market in 2020, and Asia-Pacific is expected to grow the fastest due to the growing pharma sector, supportive government initiatives, and environmental safety concerns. Growing foodborne infection incidences in Asian countries drive the demand for analytical standards in the food and beverage industry. Untapped healthcare opportunities in Asia-Pacific, development of life science, and biotech infrastructure represent strong growth opportunities for the analytical standards market in Asia-Pacific.

Key Players

The report includes a competitive landscape based on an extensive assessment of the key strategies adopted by leading market participants in the industry over the past four years. The key players profiled in the analytical standards market report are Merck KGaA (Germany), Agilent Technologies, Inc. (U.S.), Waters Corporation (U.S.), PerkinElmer Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Restek Corporation (U.S.), Takara Bio Inc. (Japan), SPEX CertiPrep. (U.S.), LGC Limited (U.K), and AccuStandard (U.S.)

Scope of the Report:

Analytical Standards Market, by Type

• Organic Standards
• Inorganic Standards

Analytical Standards Market, by Category

• Primary Standards
• Secondary Standards

Analytical Standards Market, by Technique

• Chromatography
  • Ion Chromatography
  • Gas Chromatography
  • Liquid Chromatography
  • Thin Layer Chromatography
  • Others
• Spectroscopy
  • Atomic Absorption Spectroscopy
  • Mass Spectroscopy
  • IR Spectroscopy
  • Nuclear Magnetic Resonance Spectrometry
  • X-Ray Fluorescence/Diffraction Spectrometry
  • UV/Vis Spectroscopy
  • Others
• Titration
• Physical Properties Testing
  • Viscosity Testing
  • Sieve Calibration & Particle Size Testing
  • Colour Reference Testing
  • Others

Analytical Standards Market, by Industry

• Environmental Analysis
  • Pesticide Standards
  • Volatile Standards
  • Solid Waste Standards
  • Flame Retardant Standards
  • Others
• Food and Beverage
  • Allergen Standards
  • Dyes and Metabolites Standards
  • GMO Standards
  • Mycotoxins Standards
  • Nutritional Composition Compound Standards
  • Flavor & Fragrance Standards
  • Carbohydrate Standards
  • Peptide/Amino Acid Standards
• Pharmaceuticals & Life Sciences
  • Impurity Reference Standards
  • Phytochemicals/ Phytopharmaceutical Standards
  • Cosmetic Standards
  • API Standards
  • Pharmaceutical Toxicology Standards
  • Pharmacopeial Standards
  • Others
• Petrochemistry
  • Diesel, Gasoline, Matrix Oils, and Petroleum Standards
  • Biofuel Standards
• Forensics
• Veterinary Sciences

Analytical Standards Market, by Application

• Microbiology Testing
• Physical Properties Testing
• Toxicity Testing
• Contamination Testing
• QA/QC Testing
• Proficiency Testing
• Stability Testing
• Others

(Note: Other applications include Chemical composition Testing and Trace Element Testing)

Analytical Standards Market, by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Rest of APAC (RoAPAC)
• Latin America
• Middle East & Africa

Key Questions Answered in the Report: