Immersion oil is commonly referred to as pellucid oil, having specific optional and viscosity features suitable for microscopy. The refractive index of immersion oil is closer to that of glass and does not refract the light focused on the item being examined. Hence, the light beam is completely focused on the object being examined, as opposed to the beams of light scattering through the air.
Potential global immersion oil market drivers are the high usage of microscopes in the healthcare and life sciences industries. Rapid developments in sample labeling, 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 and the discovery of genes related to human development research that involves microscopes, are anticipated to further propel the growth of the global immersion oil market. A rise in demand for microscopes, followed by product innovations, is forecast to boost the global immersion oil market in the upcoming years.
By type, the global immersion oil market is segmented into paraffin oil, synthetic oil, and cedar wood oil, of 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 cedarwood oil. Consumption of synthetic oil in countries such as India, China, and Japan is expected to generate high demand due to an increase in demand for synthetic oil from the same countries. By applications, the global immersion oil market is segmented into normal light microscopy, fluorescence microscopy, long-focus instruments, automated hematology systems, and elevated temperatures. Among these, normal light microscopy is anticipated to continue to dominate during the forecast period, mainly owing to the usage of immersion oil in normal light microscopy to determine a clear picture and experience a brighter image and finer resolution in hospitals, clinics, diagnostic laboratories, pharmaceutical, and biotechnology companies, etc. In terms of end-user, the same market is segmented into hospitals and clinics, academic and research institutes, diagnostics laboratories, pharmaceutical, and biotechnology companies, and others. Pharmaceutical and biotechnology companies were the segments that dominated the immersion oil market in 2017 and are expected to continue to lead the market during the forecast period owing to the rapid increase in biotechnology companies and the increase in the number of partnerships among them in order to expand across the globe. Hospitals and clinics are estimated to closely follow pharmaceutical and biotechnology companies.
On the basis of geography, the global immersion oil market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East and 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, the immersion oil market in the Asia Pacific is anticipated to witness rapid growth in microscopy science and research in countries like India and China. However, the immersion oil market in the Middle East, Africa, and Latin America is forecasted to witness sluggish growth during the forecast period.
The global immersion oil market is segmented as below:
By Type
Paraffin oil
Cedarwood oil
Synthetic oil
By Applications
Normal Light Microscopy
Automated Hematology System
Long-focus instruments
Fluorescence Microscopy
Elevated Temperatures
By End-use
Hospitals and Clinics
Academic and Research Institutes
Diagnostics Laboratories
Pharmaceutical and Biotechnology Companies
Others
By Geography
North America
U.S.
Canada
Europe
Germany
France
Italy
U.K.
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC Countries
South Africa
Rest of Middle East and Africa
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 the following:
Assessment of global immersion oil market trends for the period 2016–2026
Historical (past) information for 2016 and 2017 and projections with CAGRs from 2018 to 2026, considering 2017 as the 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 profile with major information about the key players operating in the global immersion oil market
Estimation of the market size in terms of value and volume
Frequently Asked Questions:
The market for Immersion Oil Market is expected to reach Us$ XX Bn By 2026.
The Immersion Oil Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
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. are some of the major players in the global market.
