Trace Chemical Detector Market

Trace Chemical Detector Market - Key Research Findings

Trace chemical detector market size in 2018 - Nearly USD 2 Million. The trace chemical detector market revenue is expected to increase at a CAGR of 7.2% over 2019 to 2027. North America and Europe are expected to remain the largest regional markets for trace chemical detectors.

Increasing research investments are expected to boost substantial demand generation in trace chemical detector market. Asia Pacific positioned as a lucrative regional pocket for trace chemical detector market players.

Rapid infrastructural development in recent past has been cited as a key factor pushing demand for trace chemical detector within Asian region, particularly in China and India. Portable trace chemical detectors will remain the most preferred type of trace chemical detector in the global market through 2027. Convenience through portability feature, high accuracy of testing results, and reliability in terms of operation, portable trace chemical detectors have been dominating the demand scenario of trace chemical detector market.

Top 3 Factors Shaping the Trace Chemical Detector Market

Stringent Regulations Pertaining to Chemical Safety Boosting the Market

The increasing criticality of inspection of various healthcare-related products according to respective regulatory framework is driving rate of adoption of trace chemical detectors in the global market. For an instance, the tests performed on various medicines, such as stability testing, shelf life testing, and expiration date testing are mandatory in the healthcare industry. Soaring usage of trace chemical detectors in medicine testing is one of the prime factors fueling the demand for trace chemical detectors, according to FMI’s report.

Defense Industry Accounts for a Significant Portion of Global Demand for Trace Chemical Detectors

Extensive usage of trace chemical detectors in the defense sector for multiple applications such as chemical weapon detection, narcotics detection, hazardous chemical detection, trace explosives detection, and VIP security is supplementing the demand growth. Growing adoption of trace chemical detectors in the defense sector will remain an important booster for the growth of trace chemical detector market.

Moreover, growing availability of application-specific trace chemical detectors such as portable instrument for mobile usage and benchtop instrument for laboratory testing application will significantly support the trace chemical detector market growth. Download Report Brochure

Presence of Prominent Market Players In Specific Regions is Boosting Growth

The presence of prominent trace chemical detector manufacturers is playing a vital role in shaping market performance in Europe and North America. Rising investments in the defense sector by governments in developed regions have also been creating several profitable opportunities for key market players in the trace chemical detector landscape.

While APEJ’s defense industry has been incorporating multiple technological advances into operations over the recent past, the adoption rate of trace chemical detector is more likely to elevate in the years to come, within the region.

Trace Chemical Detector Market Structure Analysis

• The global trace chemical detector market represents an amalgamated competition landscape, wherein, more than 45% share is held by Tier 1 companies.
• A majority of leading companies active in the trace chemical detector market are adopting developmental strategies targeting Western European and the North American markets.
• Several manufacturers of trace chemical detectors are also expected to capitalize on the growing expanse of E-commerce, in an effort to extend availability of their offerings targeting a broader consumer base.
• In line with continues dominance of portable trace chemical detectors, a number of market participants are investing in technological, aesthetic, and operational innovations of portables.
• Shimadzu Corporation, one of the pioneers in developing innovative sulphur detection systems, recently launched a highly sensitive and selective sulphur (chemiluminescence) detection system - Nexis SCD-2030 – particularly to help petrochemical industry operators detect sulphur traces in fuel.

Key Segments

Based on Test Type

• narcotics
• hydrocarbon
• composites
• metal & alloys
• polymers

Based on Product Type

• benchtop
• portable

Based on End User

• security & defence
• aerospace
• oil & gas
• chemical & pharmaceutical
• healthcare & research

Based on Application

• explosive & narcotics detection
• building protection
• subway protection
• chemical weapon detection
• petrochemical testing
• chemical research

Frequently Asked Questions

What is the Growth Outlook for the Trace Chemical Detector Market?

The growth outlook for the trace chemical detector market is predicted to advance at a CAGR of 7.2% from 2022 to 2032.

Which Region Leads the Trace Chemical Detector Market?

The North American and European regions are anticipated to lead the trace chemical detector market during the forecast period.

How much Growth Potential does the Trace Chemical Detector Market hold?

The trace chemical detector market is likely to hold a valuation of USD 5.29 million by 2032.

Which sector is the key end user in the Trace Chemical Detector Market?

The defence industry and healthcare sectors are the end users in the trace chemical detector market.