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Global Immersion Oil Market: Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Overview:

Immersion oil is commonly referred to as pellucid oils having specific optional and viscosity features suitable for microscopy. Refractive index of immersion oil is closer as compared to that of glass and does not refract the light focused on to the item being examined. Hence, light beam is completely focused on to the object which is examined opposed to the beams of light scattering through air.

Potential global immersion oil market drivers are high usage of microscopes in healthcare and life sciences industry. Rapid developments in sample labelling, contrast, resolution, illumination, signal detection and data processing which occur during all microscopic experiments are anticipated to boost the market. In addition to this, advanced studies on cell biology such as research on human blood cells, discovery of genes related to human development research which involves microscopes are anticipated to further propel growth of the global immersion oil market. Rise in demand for microscopes followed by product innovations are forecasted to boost the global immersion oil market in the upcoming years.

By type, global immersion oil market is segmented into paraffin oil, synthetic oil and cedar wood oil among which synthetic oil is anticipated to hold the largest market share owing to its exceptional properties such as high temperature resistance and color consistency throughout the life cycle of the product.  Synthetic oil is widely used in microscopy and is replacing cedar wood oil. Consumption of synthetic oil in countries such as India, China and Japan is expected to generate high demand due to increase in demand of synthetic oil from the same countries.  By applications, global immersion oil market is segmented into normal light microscopy, fluorescence microscopy, long-focus instruments, automated hematology system and elevated temperatures. Among these, normal light microscopy is anticipated to continue to dominate during the forecast period mainly owing to usage of immersion oil in normal light microscope to determine a clear picture, experience brighter image and fine resolution in hospitals, clinics, diagnostic laboratories, pharmaceutical and biotechnology companies etc. In terms of end-use, the same market is segmented into hospitals & clinics, academic & research institutes, diagnostics laboratories¸ pharmaceutical & biotechnology companies and others. Pharmaceutical & biotechnology companies is the segment which dominates the immersion oil market in 2017 and is expected to continue to lead the market during the forecast period owing to rapid increase of biotechnology companies and increase in number of partnerships among them in order to expand across the globe. Hospitals & clinics is estimated to closely follow pharmaceutical & biotechnology companies.

On the basis of geography, global immersion oil market is categorized into North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa.  North America and Europe are the largest markets both in terms of value and volume, owing to the presence of a large number of well- established pharmaceutical and biotechnology companies in the region. However, immersion oil market in Asia Pacific is anticipated to witness rapid growth in microscopy science & research in countries like India and China. However, immersion oil market in Middle East & Africa and Latin America is forecasted to witness sluggish growth during the forecast period.   

Global immersion oil market is segmented as below:

  • By Type
    • Paraffin oil
    • Cedar Wood oil
    • Synthetic oil
  • By Applications
    • Normal Light Microscopy
    • Automated Hematology System
    • Long-focus instruments
    • Fluorescence Microscopy
    • Elevated Temperatures
  • By End-use
    • Hospitals & Clinics
    • Academic & Research Institutes
    • Diagnostics Laboratories
    • Pharmaceutical & Biotechnology Companies
    • Others
  • By Geography
    • North America
      • US
      • Canada
    • Europe
      • U.K
      • France
      • Germany
      • Rest of Europe
    • Asia Pacific
      • Japan
      • China
      • India
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle-East & Africa (MEA)
      • GCC
      • Rest of MEA

Key players across the global immersion oil market value chain are:

Cargille Labs, EMD Millipore Corporation , Flinn Scientific, Thermo Fisher Scientific, Azzota Corporation, Nikon Instruments INC., Honeywell International Inc., Leica Microsystems, Olympus Corporation, and Idemitsu Kosan Co., Ltd. among others. 

This report offers:

  • Assessment of global immersion oil market trends for the period 2016-2026
  • Historical (past) information for 2016 & 2017 and projections with CAGRs from 2018 to 2026 considering 2017 as base year for the market
  • Market drivers, restraints, future prospects and competitive analysis (market positioning) of key market players
  • Overview of the global immersion oil market value chain
  • Company profiling with major information about the key players operating in global immersion oil market
  • Estimation of market size in terms of value and volume
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