In-line UV-vis Spectroscopy Market Size, Share & Trends Analysis Report By Application (Color Measurement, Chemical Concentration), By End-user (Pharmaceutical Industry, Chemical Industry), And Segment Forecasts, 2023 - 2030

Report Overview

The global in-line UV-vis spectroscopy market size was valued at USD 1,120.3 million in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 6.69% from 2023 to 2030. Expanding applications of in-line spectroscopy and technological advancements driving product adoption in spectroscopy coupled with the active participation of government and regulatory authorities are some of the major factors boosting the industrygrowth. For instance,the Multiannual National Control Plan (MNKP) and the National Monitoring Plan (BÜP) are among the few nationwide control programs for inspecting food products. Such plans are expected to drive the use of in-line UV-vis spectroscopic methods.

Similarly, BIOTECanada is engaged in advancing the Canadian biotechnology sector, especially the agricultural, vaccines, and industrial biotechnology sectors. The manufacturers and other key stakeholders in the industry are also collaborating to explore the potential of in-line spectroscopic methods across various fields, thereby accelerating innovations in the in-line UV-vis spectroscopy industry. Furthermore, technological advancements in instrumentation and the increased need for food analysis that involves wide usage of these devices will further offer lucrative opportunities. UV/Vis spectroscopy is at present used to analyze a variety of significant vaccines including rabies and influenza. This technology also has significant advantages in the research for the COVID-19 vaccine.

UV/Vis spectrophotometry in COVID-19 research provides an accurate, easy & fast characterization of components, such as additives/preservatives, proteins, and nucleic acids (i.e. DNA/RNA) among others. In-line UV-vis spectroscopy technology can also impact the time-to-result for both upstream and downstream processes including quality control. For instance, the METTLER TOLEDO UV/VIS Excellence spectrophotometers UV5Bio and UV5Nano are vital tools for obtaining reliable and accurate quantification and can be an effective tool in vaccine research during development and synthesis. Moreover, they can also provide purity checks for upstream processes, downstream processes, and quality control.

Owing to the advantages offered by the technology there has been an upsurge in the use of UV/Vis spectroscopy during the pandemic. Global companies in the cosmetics, food and beverages industry mandate higher standards and smaller tolerances from manufacturers. Mapping the end-user requirements for establishing designing processes has resulted in technological advancements in the industry. With expanding specifications in product quality measurements, it is important to collaborate with end-user experts to ensure that products are developed in line with end-user expectations. Moreover, inventions in product design for enhanced functioning of spectroscopy are projected to boost the rate of adoption in the industry.

For instance, in March 2020, Shimadzu, under a UV-i Selection brand launched six new UV-VIS spectrophotometer models. The systems are convenient for use in a wider range of fields, comprising pharmaceuticals, chemicals, and academia. They offer an automated analysis of various samples, extremely user-friendly operability, and additional features to satisfy a wide spectrum of customer needs. In off-line measurements, process monitoring is considered a time-consuming step. Moreover, only a single measurement can be done in one run and color quality remains unknown between the sampling points.

These challenges are effectively addressed by in-line measurements as it provides immediate intervention in case of any color variation and provides results in real-time, thereby driving the adoption in this market. In addition, the growing demand for robust technologies in highly regulated industries, such as pharmaceuticals and foods & beverages, for effective sample compound testing is anticipated to drive the adoption of in-line UV-Vis spectroscopy. Also, research studies are conducted to assess the potential of in-line methods as fast-working process analytical technology in early phase drug development.

Furthermore, in-line sampling is the process of preference for FDA-conforming process analytical technology standards. UV-Vis tends to be fast and simple both to interpret and to set up. The rapid integration time in the millisecond scale provides quick outcomes with high sensitivity. UV-Vis, therefore, is an exciting tool for improving the extrusion process. Monitoring in real-time with rapid results makes it easy to change and identify parameters instantly, thus avoiding time in testing the reproducibility of the findings and important quality parameters. Thus, the rapid growth of the pharmaceutical industry is anticipated to positively impact the industry.

Application Insights

The color measurement segment held the highest share of more than 32.82% of the overall revenue in 2022. The segment is projected to expand further at the fastest growth rate retaining the leading position throughout the forecast period.This can be attributed to its expanding applications in various fields, such as the paint, pharmaceutical, and food industry, coupled with growing investments by the operating players for the introduction of in-line color measurement solutions. Color measurement is a widely accepted methodology used to evaluate the quality of color values in the production process. The emergence of in-line color measurement has addressed time-associated challenges that occur while using offline measurement methods in assessing product quality, thereby boosting industry growth.

The segment is expected to have the significantgrowth owing to the presence of a wide number of products available for this application. For instance, X-Rite GmbH manufactures ERX56, a non-contact spectrophotometer for in-line measurement of color. Similarly, DCP007, manufactured by Kemtrak, is an industrial fiber-optic photometer for in-line, real-time measurement of color concentrations for process samples. The instrument features a high-performance, long-life LED with industrial-grade fiber optics to deliver noise and drift-free measurements with high precision. In-line color UV/Vis sensors are also used for monitoring changes in the color of red wine during the fermentation process.

End-user Insights

The chemical industry segment held the highest market share of 21.06% in 2022. In the chemical industry, in-line monitoring of wet chemical processes includes monitoring alkaline & acidic texturing, rinsing, hydrophilization, hydrofluoric acid, nitric acid, fluorosilicic acid, sulfuric acid, alkalinity/acidity, and hydrogen peroxide. The increasing use of in-line UV spectroscopy for monitoring such parameters has significantly driven segment growth. The presence of companies, such as Kemtrak AB, that offer instantaneous in-line measurement of liquid and gas concentrations in the chemical industry has contributed to the segment growth.

The painting and coating industry segment is expected to grow at the fastest CAGR of 8.13% in the study period. High adoption of in-line UV-Vis spectroscopy in painting & coating industry is the major factor driving the growth of market. Inline UV-VIs spectrophotometry technology allows painting & coating industry users to measure the manufactured substance continuously every 10 seconds or less directly in the process without sampling, without delays, and without interrupting the production line. This, in turn, increases the productivity of the manufacturing process and reduces costs at a similar time.

Regional Insights

North America dominated the global industry in 2022 and accounted for the largest share of more than 41.10% of the overall revenue. The region is expected to continue dominating the global industrythroughout the forecast period. This can be attributed to the strong regional presence of key companies providing in-line UV-vis spectroscopy equipment, technological advancements in instrumentation, and the increasing need for food analysis that involves the wide usage of these devices. Furthermore, the presence of the National Institute of Standards and Technology in the U.S. to provide detailed requirements about spectroscopy to end-usersencourages development in the North America market.

On the other hand, the Asia Pacific region is expected to register the fastestgrowth rate during the forecast years. The rapidly growing painting and pharmaceutical industry in Asian countries, such as China and India, is expected to boost the consumption of the product in this regional market. Furthermore, rising concerns regarding food safety & environmental pollution, increasing R&D activities across multiple industries, and the entry of key companies in the Asia Pacific region are expected to boost the region’s growth in the years to come.

Key Companies & Market Share Insights

Key players are implementing various strategies including partnerships through mergers and acquisitions, geographical expansion, and strategic collaborations to strengthen their industry presence.For example, in March 2021, PerkinElmer acquired ES industry, a company engaged in product manufacturing for HPLC and SFC.This initiative is expected to help expand PerkinElmer’s product portfolio.Some of the prominent companies operating in the global in-line UV-vis spectroscopy market include:

• Agilent Technologies, Inc.

• Shimadzu Corp.

• Thermo Fisher Scientific Inc.

• X-Rite

• ColVisTec AG Inc.

• Hunter Associates Laboratory, Inc.

• Applied Analytics, Inc.

• AMETEK, Inc.

• Guided Wave, Inc.

• Kemtrak AB

• Endress+Hauser Management AG

• Color Consult

• Equitech Int'l Corp.

• Uniqsis Ltd

• Advanced Vision Technology Ltd.

In-line UV-vis Spectroscopy Market Report Scope

Global In-line UV-vis Spectroscopy Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global in-line UV-vis spectroscopy market report on the basis of application, end-user, and region:

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Color Measurement

  • Chemical Concentration

  • Turbidity & Haze Measurement

  • Thickness Measurement

• End-user Outlook (Revenue, USD Million, 2018 - 2030)

  • Plastics Industry

  • Chemical Industry

  • Food & Beverages

  • Pharmaceutical Industry

  • Painting & Coating Industry

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

  • Latin America

    • Brazil

    • Mexico

  • Middle East and Africa

    • South Africa

    • Saudi Arabia

    • UAE