The global melting point apparatus market size is expected to reach USD 34.1 Billion in 2032 and exhibit steady growth at a CAGR of 7.5% in the forecast period (2022 to 2032). Surging need for melting point apparatus in the chemical & material and pharmaceutical industries is anticipated to augur well for the global market.
As per FMI, demand for melting point apparatus is projected to surpass USD 22.3 Billion in 2022. Increasing number of research laboratories across the globe is set to boost the market as the requirement of measuring the melting point of various materials would surge.
| Report Attribute | Details |
|---|---|
| Melting Point Apparatus Market Estimated Base Year Value (2021) | USD 21.8 Billion |
| Melting Point Apparatus Market Expected Market Value (2022) | USD 22.3 Billion |
| Melting Point Apparatus Market Anticipated Forecast Value (2032) | USD 34.1 Billion |
| Melting Point Apparatus Market Projected Growth Rate (2022 to 2032) | 7.5% CAGR |
Melting point apparatus is referred to as a vital instrument used mainly by chemists to evaluate the properties of a compound at a particular temperature, where it converts into liquid from solid. The majority of the elements and compounds have specific temperatures at which they melt.
The melting point of an element is used to better understand its performance and applications, as well as to ensure safety and quality. Ongoing expansion of the chemical and material industry across the globe is anticipated to bolster sales of melting point apparatus in the upcoming years.
Moreover, rapid development of cost-effective, yet easy to use melting point apparatus by key players in both developed and developing countries is expected to aid growth. Emergence of state-of-the-art products with innovative features, such as automatic determination of physical properties, including slip melting point, cloud point, and boiling point is another significant factor that would spur growth.
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Increasing usage of melting point apparatus in the research and development domain for studying the characteristics and structure of some solid substances is likely to bolster growth.
The ability of these products to evaluate the purity of a substance is also expected to drive the global melting point apparatus market growth during the forthcoming years. Owing to this particular property, these are extensively used in the quality control department of a wide range of industries.
In addition to that, urgent need for drug testing to develop novel drugs for the treatment of various chronic illnesses is estimated to spur the usage of melting point apparatus in the healthcare and pharmaceutical industries. The perfume industry also utilizes melting point apparatus to produce scents having various fragrances.
Melting point apparatus can only be used to examine the melting point of various solid substances and it cannot perform any other functions. The device is mainly designed to evaluate the conversion of numerous sample substances from solid to liquid forms. Manual work is required if the sample substance undergoes deposition or sublimation.
Besides, melting point analysis cannot be done if the sample is not solid. The availability of more accurate and specific systems for qualitative identification analysis of elements may hamper the demand for melting point apparatus in the assessment period.
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Increasing prevalence of various chronic diseases, such as heart disease, obesity, cancer, arthritis, and diabetes in the USA and Canada is projected to fuel the need for new and effective drugs. Thus, the pharmaceutical industry is investing huge sums in R&D activities, which is likely to augment the North America melting point apparatus market share in the evaluation period.
As per the Centers for Disease Control and Prevention (CDC), in 2018, about 34.1 million adults belonging to the age group of 18 years or older had diabetes in the USA, whereas 7.3 million adults aged 18 years and above did not report or were not aware of having diabetes.
The number represents 21.4% of all USA adults with diabetes and 2.8% of all adults in the country. This trend is likely to continue in the country owing to the rising consumption of junk food and adoption of a sedentary lifestyle, thereby propelling the North America market.
Asia Pacific is estimated to remain in the second position, followed by North America in the upcoming years. Ongoing expansion of the fragrances and perfumes industry across India, China, Malaysia, Japan, and South Korea is likely to accelerate sales of melting point apparatus for testing purposes.
Further, key players are focusing on the development of new, unique, and exciting fragrances to attract customers of various age groups in Asia Pacific. High popularity of lighter-scented products among the millennial population is another factor that would push growth. Additionally, easy availability of low-cost cologne body sprays, body mists, and body splashes in e-commerce channels is likely to augment the regional market.
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Some of the leading companies operating in the global melting point apparatus market include Shanghai Benang Instruments, Stanford Research Systems, Shanghai Instrument Physical Optics Instrument, BUCHI, Jingtuo Instruments, Jinan Hanon Instrument, Kruss, METTLER TOLEDO, AZO Materials, JiaHang Instruments, Bibby-Stuart, and Bibby-Electrmal among others.
Leading companies are mainly focusing on acquisitions and collaborations with domestic or local players. They are also striving to provide improved and technologically advanced melting point apparatus for initiating better performance. Meanwhile, some of the other key players are aiming to provide low maintenance and economical melting point apparatus to their customers. They are doing so by investing huge sums in research and development activities.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 7.5% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
Product Type, End Use, Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled |
Shanghai Benang Instruments; Stanford Research Systems; Shanghai Instrument Physical Optics Instrument; BUCHI; Jingtuo Instruments; Jinan Hanon Instrument; Kruss; METTLER TOLEDO; AZO Materials; JiaHang Instruments; Bibby-Stuart; Bibby-Electrmal |
| Customization | Available Upon Request |
The global melting point apparatus market is set to surpass USD 34.1 Billion in 2032.
North America is set to lead the melting point apparatus market in the forecast period.
Shanghai Benang Instruments, Stanford Research Systems, Shanghai Instrument Physical Optics Instrument, BUCHI, Jingtuo Instruments, and Jinan Hanon Instrument are some of the renowned companies in the melting point apparatus market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Hot Stage Apparatus 5.2. Capillary Tube 5.3. Others 6. Global Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 6.1. Chemical & Material 6.2. Pharmaceuticals 6.3. Research Laboratories 6.4. Academic Institutes 6.5. Others 7. Global Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Melting Point Apparatus Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Melting Point Apparatus Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. BUCHI 15.2. Stanford Research Systems 15.3. Kruss 15.4. AZO Materials 15.5. Jinan Hanon Instrument 15.6. JiaHang Instruments 15.7. Shanghai Benang Instruments 15.8. METTLER TOLEDO 16. Assumptions & Acronyms Used 17. Research Methodology
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Melting Point Apparatus Market
