Home » Chemicals » Laboratory Chemicals Market

Laboratory Chemicals Market

Laboratory Chemicals Market By Type (Molecular Biology, Cytokine and Chemokine Testing, Carbohydrate Analysis, Immunochemistry, Cell/Tissue Culture, Environmental Testing, Biochemistry, Other Types); By Application (Industrial, Academia/Educational, Government, Healthcare [Pharmaceutical], Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Price: $4699

Published: | Report ID: 7925 | Report Format : Excel, PDF
REPORT ATTRIBUTE DETAILS
Historical Period  2019-2022
Base Year  2023
Forecast Period  2024-2032
Laboratory Chemicals Market Size 2024  USD 19553.39 Million
Laboratory Chemicals Market, CAGR  7.34%
Laboratory Chemicals Market Size 2032  USD 34464.23 Million

Market Overview:

The Laboratory Chemicals Market is projected to grow from USD 19553.39 million in 2024 to an estimated USD 34464.23 million by 2032, with a compound annual growth rate (CAGR) of 7.34% from 2024 to 2032.

The primary drivers of the laboratory chemicals market include the growing pharmaceutical and biotechnology industries, increased research and development (R&D) activities, and stringent regulatory frameworks for laboratory testing. The demand for high-purity chemicals in drug discovery, forensic analysis, and environmental monitoring has significantly increased. Additionally, technological advancements in chromatography, spectroscopy, and molecular diagnostics fuel the need for specialized chemicals. The expansion of academic research institutions and government funding for scientific research further propel market growth. Rising concerns over chemical safety and sustainability have also led to the development of eco-friendly and biodegradable laboratory chemicals, adding another dimension to market expansion. Moreover, increasing adoption of personalized medicine and genomic research is intensifying the need for advanced reagents and molecular biology chemicals. The emergence of artificial intelligence (AI) and automation in chemical testing laboratories is further driving efficiency and accuracy in laboratory operations.

North America dominates the laboratory chemicals market due to the presence of well-established pharmaceutical and biotechnology companies, significant government funding for research, and stringent quality control standards. The United States holds a substantial market share, supported by its advanced healthcare infrastructure and high R&D expenditure. Europe follows closely, with Germany, the UK, and France leading in chemical manufacturing and laboratory research. Asia-Pacific is witnessing the fastest growth, driven by the expansion of pharmaceutical production in China and India, rising academic research activities, and increasing healthcare investments. Additionally, the Middle East & Africa and Latin America are gradually expanding due to improved healthcare systems, growing clinical research activities, and government initiatives promoting scientific advancements. The growing presence of contract research organizations (CROs) in emerging economies is also fueling market expansion. Moreover, increased foreign investments and collaborations between multinational companies and regional players are strengthening the laboratory chemicals supply chain in developing markets.

Design Element 2

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research!

Download Sample

CTA Design Element 3

Market Insights:

  • The laboratory chemicals market is projected to grow from USD 19,553.39 million in 2024 to USD 34,464.23 million by 2032, at a CAGR of 7.34%, driven by rising demand across pharmaceuticals, biotechnology, and industrial applications.
  • Advancements in research and development (R&D), including genomic research, drug discovery, and diagnostic technologies, are significantly increasing the demand for high-purity laboratory chemicals.
  • Stringent regulatory frameworks imposed by global authorities, such as the FDA and EMA, are pushing manufacturers to produce high-quality chemicals that meet safety and compliance standards.
  • Sustainability and green chemistry are becoming a major focus, with increasing investments in biodegradable solvents, non-toxic reagents, and environmentally friendly formulations.
  • Asia-Pacific is the fastest-growing region, driven by the expansion of pharmaceutical production in China and India, increasing healthcare investments, and the rise of academic research institutions.
  • Supply chain disruptions and rising costs of specialty chemicals are key challenges, impacting smaller research institutions and manufacturers due to fluctuations in raw material availability and regulatory constraints.
  • The adoption of AI and automation in laboratories is streamlining chemical testing processes, enhancing efficiency, accuracy, and cost-effectiveness across various industries.

Market Drivers:

Rising Demand in Pharmaceutical and Biotechnology Industries

The expansion of the pharmaceutical and biotechnology industries is a primary driver of the laboratory chemicals market. With increasing global investments in drug discovery, vaccine development, and biopharmaceutical production, the demand for high-quality laboratory chemicals has surged. For instance, according to Merck & Co, their R&D investments peaked at $30.5bn in 2023, representing 50.8% of their total revenue. The growing prevalence of chronic diseases and the need for advanced therapeutics have further accelerated research activities, increasing the consumption of reagents, solvents, and specialty chemicals. Additionally, the rising adoption of biologics and gene-based therapies necessitates the use of highly purified chemicals for cell culture, molecular biology, and protein analysis, reinforcing market growth.

Advancements in Research and Development Activities

The continuous rise in research and development (R&D) initiatives across multiple sectors, including pharmaceuticals, life sciences, and industrial applications, is fueling the demand for laboratory chemicals. Governments and private organizations are increasing R&D investments to support scientific advancements in drug formulation, genetic engineering, and diagnostic technologies. For instance, AstraZeneca allocated $10.94bn to R&D in 2023, making up almost 24% of its revenue. Furthermore, the development of innovative analytical techniques such as high-performance liquid chromatography (HPLC), mass spectrometry, and polymerase chain reaction (PCR) has increased the need for high-purity reagents and analytical-grade chemicals. The expansion of academic institutions and research laboratories, particularly in emerging economies, has also contributed to the growing consumption of laboratory chemicals.

Stringent Regulatory Frameworks and Quality Standards

Regulatory bodies such as the U.S. Food and Drug Administration (FDA), the European Medicines Agency (EMA), and other national health authorities impose stringent quality standards for laboratory chemicals, ensuring safety, efficacy, and consistency in research and clinical applications. For instance, compliance with Good Laboratory Practice (GLP) and Good Manufacturing Practice (GMP) regulations has become essential for laboratories and chemical manufacturers. As a result, companies are investing in high-quality raw materials and advanced purification techniques to meet regulatory requirements. The demand for certified and high-purity chemicals continues to rise as industries prioritize accuracy, reproducibility, and reliability in analytical and diagnostic procedures.

Growing Focus on Sustainability and Green Chemistry

The increasing emphasis on sustainable practices and environmental regulations has led to the development of eco-friendly laboratory chemicals. Chemical manufacturers are focusing on producing biodegradable solvents, non-toxic reagents, and waste-reducing formulations to align with environmental safety standards. The demand for green chemistry solutions is particularly strong in academic institutions and research facilities aiming to minimize hazardous waste and reduce carbon footprints. For instance, according to Enhesa Sustainable Chemistry, more than 85% of hazardous chemicals in existence are unrestricted, highlighting the need for proactive approaches to ensure safe products from the start. Additionally, technological advancements in chemical synthesis and purification are enabling the production of safer and more efficient laboratory chemicals, further driving market growth. The integration of automation and AI-driven chemical analysis is also supporting the shift toward sustainable and cost-effective laboratory practices.

Market Trends:

Increasing Adoption of High-Purity and Specialty Chemicals

The laboratory chemicals market is witnessing a growing preference for high-purity and specialty chemicals across various applications, including pharmaceuticals, clinical diagnostics, and environmental testing. For instance, according to High Purity Laboratory Chemicals Pvt. Ltd. (HPLC), the company produces a wide range of high-quality organic and inorganic laboratory fine chemicals, emphasizing their commitment to ultra-pure reagents that ensure precise and reproducible results in advanced analytical techniques such as chromatography and spectroscopy. Researchers and laboratories are increasingly relying on ultra-pure reagents to ensure precise and reproducible results, particularly in advanced analytical techniques such as chromatography and spectroscopy. The rising complexity of modern scientific experiments and the need for accuracy in quality control processes have further driven the demand for highly specialized laboratory chemicals. Additionally, advancements in chemical synthesis and purification technologies have enabled manufacturers to develop reagents with superior stability and performance, meeting the evolving needs of research and industrial laboratories.

Expansion of Personalized Medicine and Genomic Research

The rising focus on personalized medicine and genomic research has significantly influenced the demand for laboratory chemicals. For instacne, Roche, a leader in pharmaceuticals and diagnostics, has been at the forefront of developing targeted therapies that require specialized reagents and molecular biology chemicals used in DNA sequencing, gene expression analysis, and proteomics research. As precision medicine gains traction, there is an increasing requirement for specialized reagents and molecular biology chemicals used in DNA sequencing, gene expression analysis, and proteomics research. The rapid growth of next-generation sequencing (NGS) technologies has further propelled the consumption of high-quality laboratory chemicals, enabling researchers to explore disease mechanisms and develop targeted therapies. Additionally, the integration of AI and big data analytics in genomics research is enhancing the efficiency of chemical-based diagnostic processes, leading to greater adoption of advanced laboratory reagents.

Growing Investments in Academic and Industrial Research

Governments and private organizations are increasing investments in scientific research, fueling the demand for laboratory chemicals across various disciplines, including biotechnology, materials science, and environmental studies. For instance, Capgemini’s research indicates that 74% of business leaders globally intend to increase their investments in engineering, R&D, and innovation in 2025. The expansion of research laboratories, academic institutions, and industrial R&D centers, particularly in emerging economies, has resulted in a higher consumption of analytical reagents, solvents, and organic compounds. Moreover, the establishment of collaborative research initiatives between universities and pharmaceutical companies is driving the development of innovative laboratory chemicals tailored for specialized applications. The rising number of clinical trials and drug formulation studies is further contributing to the steady demand for research-grade chemicals.

Digitalization and Automation in Laboratory Workflows

The integration of digital technologies and automation in laboratory workflows is reshaping the laboratory chemicals market. Automated liquid handling systems, AI-driven data analysis tools, and cloud-based laboratory management software are enhancing the efficiency and precision of chemical testing processes. This shift toward digital laboratories has increased the need for standardized and pre-formulated chemical solutions that ensure consistency and accuracy in high-throughput applications. For instance, additionally, advancements by Thermo Fisher Scientific highlight how workflow automation software is essential for accelerating innovation by improving throughput while ensuring regulatory compliance through strict process control. Additionally, the development of smart laboratories equipped with IoT-enabled monitoring systems is enabling real-time tracking of chemical usage and inventory management, optimizing resource allocation and reducing operational costs. As laboratories continue to adopt digital transformation strategies, the demand for advanced laboratory chemicals is expected to grow further.

Market Challenges Analysis:

Stringent Regulatory Compliance and Safety Concerns

The laboratory chemicals market is highly regulated due to the potential risks associated with chemical handling, storage, and disposal. Regulatory bodies such as the U.S. Food and Drug Administration (FDA), the European Chemicals Agency (ECHA), and other national agencies impose strict guidelines on chemical purity, safety, and environmental impact. Compliance with Good Laboratory Practice (GLP) and Good Manufacturing Practice (GMP) regulations adds operational complexities for manufacturers and research institutions. Additionally, increasing concerns over the hazardous nature of certain chemicals have led to restrictions on their production and use, limiting market expansion.

High Costs of Specialty and High-Purity Chemicals

The production of high-purity and specialty laboratory chemicals involves complex purification processes, stringent quality control measures, and expensive raw materials. As a result, the cost of these chemicals remains high, posing a challenge for small and medium-sized research institutions and academic laboratories with budget constraints. Additionally, price fluctuations in raw materials and supply chain disruptions further impact market dynamics, making it difficult for end-users to maintain consistent procurement. The need for continuous investment in advanced manufacturing technologies and compliance with regulatory standards also increases the overall cost burden on chemical suppliers.

Supply Chain Disruptions and Logistical Challenges

The laboratory chemicals market faces significant challenges due to supply chain disruptions, particularly in the wake of global events affecting trade and logistics. Fluctuations in raw material availability, transportation delays, and geopolitical uncertainties have led to inconsistencies in chemical supply. Stringent import-export regulations and customs procedures further hinder the smooth distribution of laboratory chemicals across international markets. These factors contribute to delays in research and industrial applications, affecting productivity and innovation in laboratories.

Environmental and Sustainability Concerns

The increasing emphasis on environmental sustainability presents both regulatory and operational challenges for the laboratory chemicals market. The disposal of hazardous laboratory waste and the environmental impact of certain chemical manufacturing processes have led to stricter waste management regulations. Manufacturers are under pressure to develop greener alternatives, such as biodegradable solvents and non-toxic reagents, which require significant investment in research and development. Additionally, the transition to sustainable practices involves restructuring existing production processes, which can be both time-consuming and cost-intensive for chemical suppliers.

Market Opportunities:

The laboratory chemicals market presents significant growth opportunities driven by expanding pharmaceutical, biotechnology, and life sciences research. The increasing demand for innovative drug development, vaccine production, and personalized medicine has created a need for high-purity reagents and specialty chemicals. The rise of precision medicine and advancements in molecular biology techniques, such as next-generation sequencing (NGS) and CRISPR gene editing, have further fueled the market’s expansion. Additionally, the rapid adoption of automation and artificial intelligence (AI) in laboratory workflows is driving the need for standardized and pre-formulated chemical solutions, optimizing efficiency and accuracy in research and diagnostics.

Emerging markets, particularly in Asia-Pacific, Latin America, and the Middle East & Africa, offer strong growth potential due to rising investments in healthcare infrastructure, government funding for scientific research, and increasing industrial R&D activities. The growing presence of contract research organizations (CROs) and pharmaceutical manufacturing hubs in these regions is expected to drive demand for laboratory chemicals. Furthermore, the shift toward environmentally sustainable practices and the development of eco-friendly chemicals provide opportunities for manufacturers to introduce biodegradable solvents and non-toxic reagents. As research institutions and industries continue to prioritize innovation, the demand for customized laboratory chemicals catering to specialized applications is expected to rise, creating lucrative prospects for market expansion.

Market Segmentation Analysis:

The laboratory chemicals market is segmented by type and application, with each category playing a crucial role in supporting scientific research, diagnostics, and industrial processes.

By Type, molecular biology dominates the market due to its widespread use in genetic research, next-generation sequencing, and biopharmaceutical production. Cytokine and chemokine testing is experiencing rapid growth, driven by increasing applications in immunology and inflammatory disease research. Carbohydrate analysis is essential in glycomics and metabolic studies, fueling its demand in pharmaceutical and nutritional research. Immunochemistry continues to expand due to its critical role in diagnostic testing, especially for infectious and autoimmune diseases. Cell/tissue culture is gaining momentum with rising stem cell research and regenerative medicine applications. Environmental testing is witnessing increased adoption due to regulatory requirements for pollution monitoring. Biochemistry remains a key segment for enzymatic and metabolic research, while other types include specialized reagents for niche applications.

By Application, the healthcare (pharmaceutical) segment holds the largest share, driven by increasing drug discovery, vaccine development, and clinical diagnostics. The industrial segment benefits from the growing demand for laboratory chemicals in quality control, manufacturing, and food safety testing. Academia and educational institutions are significant consumers, supported by government funding for scientific research. The government sector plays a crucial role in environmental testing, forensic science, and regulatory compliance. Other applications include chemicals used in biotechnology startups and contract research organizations (CROs).

Segmentation:

By Type

  • Molecular Biology
  • Cytokine and Chemokine Testing
  • Carbohydrate Analysis
  • Immunochemistry
  • Cell/Tissue Culture
  • Environmental Testing
  • Biochemistry
  • Other Types

By Application

  • Industrial
  • Academia/Educational
  • Government
  • Healthcare (Pharmaceutical)
  • Others

Regional Analysis:

North America

North America holds the largest share of the laboratory chemicals market, accounting for approximately 35% of the global revenue. The region’s dominance is attributed to the well-established pharmaceutical and biotechnology industries, extensive research and development (R&D) activities, and stringent regulatory frameworks ensuring high-quality laboratory chemicals. The United States, in particular, is a major contributor due to its advanced healthcare infrastructure, significant government and private sector investments in scientific research, and presence of leading chemical manufacturers. Additionally, the demand for high-purity reagents and specialty chemicals in drug development, clinical diagnostics, and environmental testing continues to grow, further strengthening North America’s position in the market.

Europe

Europe is the second-largest market, contributing approximately 28% of the global share, driven by robust chemical manufacturing capabilities, strict regulatory standards, and growing academic research activities. Countries such as Germany, the United Kingdom, and France lead the market due to their advanced laboratory infrastructure, strong pharmaceutical sector, and continuous investments in life sciences. The European Union’s focus on sustainability and environmentally friendly chemical production is influencing the development of biodegradable reagents and green chemistry solutions. Additionally, collaborations between research institutions and chemical manufacturers are fostering innovation in analytical and molecular biology reagents, boosting market growth.

Asia-Pacific

Asia-Pacific is the fastest-growing region in the laboratory chemicals market, holding approximately 25% of the global share, with China, India, and Japan driving expansion. The rapid growth of pharmaceutical manufacturing, increasing R&D investments, and rising academic research activities are fueling market demand. The region’s expanding healthcare sector, coupled with government initiatives promoting scientific advancements, is further accelerating growth. China’s strong presence in chemical production and India’s expanding contract research and manufacturing (CRAMS) industry are key factors contributing to regional market expansion. Additionally, the growing presence of multinational chemical companies in Asia-Pacific is facilitating easier access to high-quality laboratory chemicals, supporting market development.

Latin America, Middle East & Africa

Latin America and the Middle East & Africa together account for approximately 12% of the global market, with steady growth driven by improving healthcare infrastructure, increasing pharmaceutical manufacturing, and expanding clinical research activities. Brazil and Mexico are the largest contributors in Latin America, benefiting from rising investments in biotechnology and healthcare. In the Middle East & Africa, Saudi Arabia, the UAE, and South Africa are witnessing growing demand for laboratory chemicals due to government initiatives supporting scientific research and the expansion of academic institutions. However, challenges such as limited regulatory frameworks and supply chain constraints continue to impact market growth in these regions.

Key Player Analysis:

  • Lonza Biologics Ltd
  • PerkinElmer Inc. (US)
  • BD Biosciences (US)
  • bioMérieux (France)
  • Beckman Coulter Inc. (US)
  • GE Healthcare (US)
  • EMD Chemicals Inc. (US)
  • Meridian Life Science Inc. (US)
  • Shimadzu Biotech (Japan)
  • Takara Bio Inc. (Japan)
  • Sigma-Aldrich Corporation (US)
  • Thermo Fisher Scientific Inc. (US)
  • Agilent Technologies Inc. (US)
  • Waters Corporation (US)
  • Avantor Inc. (US)
  • Wako Pure Chemical Industries Ltd. (Japan)
  • Sartorius AG (Germany)
  • Roche Diagnostics (Switzerland)
  • MilliporeSigma (US)
  • Bio-Rad Laboratories Inc. (US)

Competitive Analysis:

The laboratory chemicals market is highly competitive, with key players focusing on innovation, product purity, and compliance with stringent regulatory standards. Leading companies such as Merck KGaA, Thermo Fisher Scientific, Avantor Inc., and Honeywell International Inc. dominate the market by offering a broad portfolio of high-quality laboratory reagents and specialty chemicals. These firms invest heavily in research and development to introduce advanced chemical formulations that cater to evolving laboratory needs. For instance, Thermo Fisher Scientific expanded its R&D and engineering facility, the India Engineering Center (IEC) in Hyderabad, India, in 2022. This expansion is expected to bring an additional 140 new jobs to the region and support new product development. Mergers, acquisitions, and strategic partnerships are shaping the competitive landscape, allowing companies to expand their market presence and enhance product offerings. Additionally, the increasing demand for customized and high-purity chemicals has led to intensified competition among regional and international suppliers. With the rise of digital laboratories and automation, companies are integrating AI-driven solutions to improve supply chain efficiency and laboratory workflows, positioning themselves for long-term growth in the market.

Recent Developments:

  • In March 2024, TruArc Partners acquired Meyer Laboratory, a manufacturer and distributor of industrial and institutional cleaning chemicals and applications systems. Meyer Lab, founded in 1978, specializes in water-based products including industrial cleaners, hand cleaners, disinfectants, and floor cleaners. The company’s president, Mike Miller, will continue in his role, while co-owner Rusty Meyer will remain on the board of directors. This acquisition aims to accelerate Meyer Lab’s growth and expand its geographic reach and product capabilities.
  • In January 2025, Meyer Lab announced its acquisition of ITD Chemical, an Atlanta-based manufacturer of industrial and specialty cleaning chemicals. This strategic move strengthens Meyer Lab’s position in the industrial cleaning market by expanding its product portfolio and enhancing its presence in the Southeast. ITD Chemical will operate as an independent subsidiary of Meyer Lab, with former owner and CEO Joseph Daniel continuing to lead operations as General Manage.
  • In May 2023, Calibre Scientific acquired Chemos GmbH & Co. KG, a German supplier of ready-to-use laboratory chemicals, reagents, and standards. Chemos provides a wide range of products including volumetric reagents, analytical reagents, and raw materials for production. This acquisition enhances Calibre Scientific’s chemical sourcing capabilities and expands its ability to serve the global market for various chemical needs.
  • In March 2024, Lonza Group AG announced an agreement to acquire Genentech’s large-scale biologics manufacturing facility in Vacaville, US from Roche for $1.2 billion. The acquisition will significantly increase Lonza’s biologics manufacturing capacity, adding around 330,000 liters of bioreactor capacity.

Market Concentration & Characteristics:

The laboratory chemicals market exhibits a moderate to high market concentration, with a few dominant global players accounting for a significant share. Leading companies such as Merck KGaA, Thermo Fisher Scientific, Avantor Inc., and Honeywell International Inc. maintain their competitive edge through extensive product portfolios, stringent quality control, and continuous research and development investments. The presence of well-established manufacturers alongside emerging regional suppliers creates a dynamic market landscape. The market is characterized by strict regulatory compliance, high product purity standards, and strong demand from pharmaceutical, biotechnology, and academic research sectors. Technological advancements in chemical synthesis, automation in laboratories, and increasing adoption of eco-friendly chemicals are shaping industry trends. Additionally, the growing emphasis on customized chemical formulations and on-demand production is driving innovation. Despite high entry barriers due to regulatory requirements, regional players are expanding their presence by catering to specialized applications and cost-effective solutions.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Report Coverage:

The research report offers an in-depth analysis based on by type and application It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

  • The laboratory chemicals market is set to grow steadily, driven by increasing demand from pharmaceutical, biotechnology, and life sciences industries.
  • Innovations in analytical techniques, automation, and AI-driven laboratory workflows will enhance efficiency and precision in chemical usage.
  • Stricter global regulations on chemical safety and environmental sustainability will push manufacturers to develop high-purity and eco-friendly reagents.
  • Rising investments in drug discovery, vaccine development, and personalized medicine will fuel the demand for specialty laboratory chemicals.
  • Asia-Pacific and Latin America will witness accelerated growth due to expanding healthcare infrastructure, government funding, and increasing industrial R&D.
  • The shift toward green chemistry will drive innovation in biodegradable solvents and non-toxic reagents, aligning with global environmental policies.
  • The adoption of cloud-based laboratory management systems and real-time monitoring solutions will optimize chemical supply chains.
  • Growing interest in tailored laboratory chemicals for specific applications will create new opportunities for specialized suppliers.
  • Manufacturers will prioritize localized production and strategic partnerships to mitigate risks associated with global supply chain disruptions.
  • Leading players will continue investing in acquisitions and collaborations to expand their product portfolios and maintain market leadership.

Table of Content
CHAPTER NO. 1 : INTRODUCTION 17
1.1.1. Report Description 17
Purpose of the Report 17
USP & Key Offerings 17
1.1.2. Key Benefits for Stakeholders 17
1.1.3. Target Audience 18
1.1.4. Report Scope 18
CHAPTER NO. 2 : EXECUTIVE SUMMARY 19
2.1. Laboratory Chemicals Market Snapshot 19
2.1.1. Global Laboratory Chemicals Market, 2018 – 2032 (USD Million) 20
CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 21
3.1. Russia-Ukraine and Israel-Palestine War Impacts 21
CHAPTER NO. 4 : LABORATORY CHEMICALS MARKET – INDUSTRY ANALYSIS 22
4.1. Introduction 22
4.2. Market Drivers 23
4.2.1. Growth in the Pharmaceutical and Biotechnology Industries 23
4.2.2. Rising Demand for Quality Control in Food and Beverage, Agriculture, and Environmental Testing 24
4.3. Market Restraints 25
4.3.1. High Costs of Laboratory Chemicals 25
4.4. Market Opportunities 26
4.4.1. Market Opportunity Analysis 26
4.5. Porter’s Five Forces Analysis 27
CHAPTER NO. 5 : ANALYSIS COMPETITIVE LANDSCAPE 28
5.1. Company Market Share Analysis – 2023 28
5.1.1. Global Laboratory Chemicals Market: Company Market Share, by Volume, 2023 28
5.1.2. Global Laboratory Chemicals Market: Company Market Share, by Revenue, 2023 29
5.1.3. Global Laboratory Chemicals Market: Top 6 Company Market Share, by Revenue, 2023 29
5.1.4. Global Laboratory Chemicals Market: Top 3 Company Market Share, by Revenue, 2023 30
5.2. Global Laboratory Chemicals Market Company Revenue Market Share, 2023 31
5.3. Company Assessment Metrics, 2023 32
5.3.1. Stars 32
5.3.2. Emerging Leaders 32
5.3.3. Pervasive Players 32
5.3.4. Participants 32
5.4. Start-ups /SMEs Assessment Metrics, 2023 32
5.4.1. Progressive Companies 32
5.4.2. Responsive Companies 32
5.4.3. Dynamic Companies 32
5.4.4. Starting Blocks 32
5.5. Strategic Developments 33
5.5.1. Acquisitions & Mergers 33
New Product Launch 33
Global Expansion 33
5.6. Key Players Product Matrix 34
CHAPTER NO. 6 : PESTEL & ADJACENT MARKET ANALYSIS 35
6.1. PESTEL 35
6.1.1. Political Factors 35
6.1.2. Economic Factors 35
6.1.3. Social Factors 35
6.1.4. Technological Factors 35
6.1.5. Environmental Factors 35
6.1.6. Legal Factors 35
6.2. Adjacent Market Analysis 35
CHAPTER NO. 7 : LABORATORY CHEMICALS MARKET – BY TYPE SEGMENT ANALYSIS 36
7.1. Laboratory Chemicals Market Overview, by Type Segment 36
7.1.1. Laboratory Chemicals Market Revenue Share, By Type, 2023 & 2032 37
7.1.2. Laboratory Chemicals Market Attractiveness Analysis, By Type 38
7.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 38
7.1.4. Laboratory Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 39
7.2. Molecular Biology 40
7.3. Cytokine and Chemokine Testing 41
7.4. Carbohydrate Analysis 42
7.5. Immunochemistry 43
7.6. Cell/Tissue Culture 44
7.7. Environmental Testing 44
7.8. Biochemistry 45
7.9. Other Types 45
CHAPTER NO. 8 : LABORATORY CHEMICALS MARKET – BY APPLICATION SEGMENT ANALYSIS 46
8.1. Laboratory Chemicals Market Overview, by Application Segment 46
8.1.1. Laboratory Chemicals Market Revenue Share, By Application, 2023 & 2032 47
8.1.2. Laboratory Chemicals Market Attractiveness Analysis, By Application 48
8.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 48
8.1.4. Laboratory Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 49
8.2. Industrial 50
8.3. Academia/Educational 51
8.4. Government 52
8.5. Healthcare (Pharmaceutical) 53
8.6. Others 54
CHAPTER NO. 9 : LABORATORY CHEMICALS MARKET – GLOBAL ANALYSIS 55
9.1. Type 55
9.1.1. Global Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 55
9.1.2. Global Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 55
9.2. Application 56
9.2.1. Global Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 56
9.2.2. Global Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 56
CHAPTER NO. 10 : LABORATORY CHEMICALS MARKET – NORTH AMERICA 57
10.1. North America 57
10.1.1. Key Highlights 57
10.1.2. North America Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 58
10.1.3. North America Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 59
10.1.4. North America Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 60
10.2. U.S. 61
10.3. Canada 61
10.4. Mexico 61
CHAPTER NO. 11 : LABORATORY CHEMICALS MARKET – EUROPE 62
11.1. Europe 62
11.1.1. Key Highlights 62
11.1.2. Europe Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 63
11.1.3. Europe Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 64
11.1.4. Europe Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 65
11.2. UK 66
11.3. France 66
11.4. Germany 66
11.5. Italy 66
11.6. Spain 66
11.7. Russia 66
11.8. Belgium 66
11.9. Netherland 66
11.10. Austria 66
11.11. Sweden 66
11.12. Poland 66
11.13. Denmark 66
11.14. Switzerland 66
11.15. Rest of Europe 66
CHAPTER NO. 12 : LABORATORY CHEMICALS MARKET – ASIA PACIFIC 67
12.1. Asia Pacific 67
12.1.1. Key Highlights 67
12.1.2. Asia Pacific Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 68
12.1.3. Asia Pacific Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 69
12.1.4. Asia Pacific Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 70
12.2. China 71
12.3. Japan 71
12.4. South Korea 71
12.5. India 71
12.6. Australia 71
12.7. Thailand 71
12.8. Indonesia 71
12.9. Vietnam 71
12.10. Malaysia 71
12.11. Philippines 71
12.12. Taiwan 71
12.13. Rest of Asia Pacific 71
CHAPTER NO. 13 : LABORATORY CHEMICALS MARKET – LATIN AMERICA 72
13.1. Latin America 72
13.1.1. Key Highlights 72
13.1.2. Latin America Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 73
13.1.3. Latin America Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 74
13.1.4. Latin America Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 75
13.2. Brazil 76
13.3. Argentina 76
13.4. Peru 76
13.5. Chile 76
13.6. Colombia 76
13.7. Rest of Latin America 76
CHAPTER NO. 14 : LABORATORY CHEMICALS MARKET – MIDDLE EAST 77
14.1. Middle East 77
14.1.1. Key Highlights 77
14.1.2. Middle East Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 78
14.1.3. Middle East Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 79
14.1.4. Middle East Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 80
14.2. UAE 81
14.3. KSA 81
14.4. Israel 81
14.5. Turkey 81
14.6. Iran 81
14.7. Rest of Middle East 81
CHAPTER NO. 15 : LABORATORY CHEMICALS MARKET – AFRICA 82
15.1. Africa 82
15.1.1. Key Highlights 82
15.1.2. Africa Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 83
15.1.3. Africa Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 84
15.1.4. Africa Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 85
15.2. Egypt 86
15.3. Nigeria 86
15.4. Algeria 86
15.5. Morocco 86
15.6. Rest of Africa 86
CHAPTER NO. 16 : COMPANY PROFILES 87
16.1. Lonza Biologics Ltd 87
16.1.1. Company Overview 87
16.1.2. Product Portfolio 87
16.1.3. Swot Analysis 87
16.1.4. Business Strategy 88
16.1.5. Financial Overview 88
16.2. PerkinElmer Inc. (US) 89
16.3. BD Biosciences (US) 89
16.4. bioMerieux (France) 89
16.5. Beckman Coulter Inc. (US) 89
16.6. GE Healthcare (US) 89
16.7. EMD Chemicals Inc. (US) 89
16.8. Meridian Life Science Inc. (US) 89
16.9. Shimadzu Biotech (Japan) 89
16.10. Takara Bio Inc. (Japan) 89
16.11. Sigma-Aldrich Corporation (US) 89
16.12. Thermo Fisher Scientific Inc. (US) 89
16.13. Agilent Technologies Inc. (US) 89
16.14. Waters Corporation (US) 89
16.15. Avantor Inc. (US) 89
16.16. Wako Pure Chemical Industries Ltd. (Japan) 89
16.17. Sartorius AG (Germany) 89
16.18. Roche Diagnostics (Switzerland) 89
16.19. MilliporeSigma (US) 89
16.20. Bio-Rad Laboratories Inc. (US) 89

List of Figures
FIG NO. 1. Global Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 20
FIG NO. 2. Porter’s Five Forces Analysis for Global Laboratory Chemicals Market 27
FIG NO. 3. Company Share Analysis, 2023 28
FIG NO. 4. Company Share Analysis, 2023 29
FIG NO. 5. Company Share Analysis, 2023 29
FIG NO. 6. Company Share Analysis, 2023 30
FIG NO. 7. Laboratory Chemicals Market – Company Revenue Market Share, 2023 31
FIG NO. 8. Laboratory Chemicals Market Revenue Share, By Type, 2023 & 2032 37
FIG NO. 9. Market Attractiveness Analysis, By Type 38
FIG NO. 10. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 38
FIG NO. 11. Laboratory Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 39
FIG NO. 12. Global Laboratory Chemicals Market for Molecular Biology , Revenue (USD Million) 2018 – 2032 40
FIG NO. 13. Global Laboratory Chemicals Market for Cytokine and Chemokine Testing , Revenue (USD Million) 2018 – 2032 41
FIG NO. 14. Global Laboratory Chemicals Market for Carbohydrate Analysis, Revenue (USD Million) 2018 – 2032 42
FIG NO. 15. Global Laboratory Chemicals Market for Immunochemistry , Revenue (USD Million) 2018 – 2032 43
FIG NO. 16. Global Laboratory Chemicals Market for Cell/Tissue Culture, Revenue (USD Million) 2018 – 2032 44
FIG NO. 17. Global Laboratory Chemicals Market for Environmental Testing, Revenue (USD Million) 2018 – 2032 44
FIG NO. 18. Global Laboratory Chemicals Market for Biochemistry, Revenue (USD Million) 2018 – 2032 45
FIG NO. 19. Global Laboratory Chemicals Market for Other Types, Revenue (USD Million) 2018 – 2032 45
FIG NO. 20. Laboratory Chemicals Market Revenue Share, By Application, 2023 & 2032 47
FIG NO. 21. Market Attractiveness Analysis, By Application 48
FIG NO. 22. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 48
FIG NO. 23. Laboratory Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 49
FIG NO. 24. Global Laboratory Chemicals Market for Industrial, Revenue (USD Million) 2018 – 2032 50
FIG NO. 25. Global Laboratory Chemicals Market for Academia/Educational , Revenue (USD Million) 2018 – 2032 51
FIG NO. 26. Global Laboratory Chemicals Market for Government, Revenue (USD Million) 2018 – 2032 52
FIG NO. 27. Global Laboratory Chemicals Market for Healthcare (Pharmaceutical), Revenue (USD Million) 2018 – 2032 53
FIG NO. 28. Global Laboratory Chemicals Market for Others, Revenue (USD Million) 2018 – 2032 54
FIG NO. 29. North America Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 57
FIG NO. 30. Europe Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 62
FIG NO. 31. Asia Pacific Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 67
FIG NO. 32. Latin America Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 72
FIG NO. 33. Middle East Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 77
FIG NO. 34. Africa Laboratory Chemicals Market Revenue, 2018 – 2032 (USD Million) 82

List of Tables
TABLE NO. 1. : Global Laboratory Chemicals Market: Snapshot 19
TABLE NO. 2. : Drivers for the Laboratory Chemicals Market: Impact Analysis 23
TABLE NO. 3. : Restraints for the Laboratory Chemicals Market: Impact Analysis 25
TABLE NO. 4. : Global Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 55
TABLE NO. 5. : Global Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 55
TABLE NO. 6. : Global Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 56
TABLE NO. 7. : Global Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 56
TABLE NO. 8. : North America Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 58
TABLE NO. 9. : North America Laboratory Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 58
TABLE NO. 10. : North America Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 59
TABLE NO. 11. : North America Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 59
TABLE NO. 12. : North America Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 60
TABLE NO. 13. : North America Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 60
TABLE NO. 14. : Europe Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 63
TABLE NO. 15. : Europe Laboratory Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 63
TABLE NO. 16. : Europe Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 64
TABLE NO. 17. : Europe Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 64
TABLE NO. 18. : Europe Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 65
TABLE NO. 19. : Europe Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 65
TABLE NO. 20. : Asia Pacific Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 68
TABLE NO. 21. : Asia Pacific Laboratory Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 68
TABLE NO. 22. : Asia Pacific Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 69
TABLE NO. 23. : Asia Pacific Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 69
TABLE NO. 24. : Asia Pacific Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 70
TABLE NO. 25. : Asia Pacific Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 70
TABLE NO. 26. : Latin America Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 73
TABLE NO. 27. : Latin America Laboratory Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 73
TABLE NO. 28. : Latin America Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 74
TABLE NO. 29. : Latin America Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 74
TABLE NO. 30. : Latin America Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 75
TABLE NO. 31. : Latin America Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 75
TABLE NO. 32. : Middle East Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 78
TABLE NO. 33. : Middle East Laboratory Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 78
TABLE NO. 34. : Middle East Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 79
TABLE NO. 35. : Middle East Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 79
TABLE NO. 36. : Middle East Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 80
TABLE NO. 37. : Middle East Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 80
TABLE NO. 38. : Africa Laboratory Chemicals Market Revenue, By Country, 2018 – 2023 (USD Million) 83
TABLE NO. 39. : Africa Laboratory Chemicals Market Revenue, By Country, 2024 – 2032 (USD Million) 83
TABLE NO. 40. : Africa Laboratory Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 84
TABLE NO. 41. : Africa Laboratory Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 84
TABLE NO. 42. : Africa Laboratory Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 85
TABLE NO. 43. : Africa Laboratory Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 85

Frequently asked questions

What is the current size of the Laboratory Chemicals Market?

The market is valued at USD 19,553.39 million in 2024 and is projected to reach USD 34,464.23 million by 2032, growing at a CAGR of 7.34% from 2024 to 2032.

What factors are driving the growth of the Laboratory Chemicals Market?

Growth is driven by expanding pharmaceutical and biotechnology industries, increasing R&D activities, and stringent regulatory requirements for laboratory testing. The demand for high-purity chemicals, advancements in chromatography and molecular diagnostics, and the rise of personalized medicine further propel market expansion.

What are some challenges faced by the Laboratory Chemicals Market?

The market faces challenges such as strict regulatory compliance, high costs of specialty chemicals, supply chain disruptions, and environmental concerns regarding hazardous waste disposal.

Who are the major players in the Laboratory Chemicals Market?

Leading companies include Merck KGaA, Thermo Fisher Scientific, Avantor Inc., and Honeywell International Inc., which dominate the market with extensive product portfolios and advanced chemical formulations.

Which region holds the largest market share in the Laboratory Chemicals Market?

North America leads the market, driven by strong pharmaceutical and biotechnology industries, high R&D investments, and stringent quality control standards, with the United States being the major contributor.

Shweta Bisht

Shweta Bisht

Healthcare & Biotech Analyst

Shweta is a healthcare and biotech researcher with strong analytical skills in chemical and agri domains.

Laboratory Benchtop Automation Market

Published:
Report ID: 67895

Healthcare and Laboratory Labels Market

Published:
Report ID: 66644

Laboratory Information Management Systems Market

Published:
Report ID: 56568

Laboratory Informatics Market

Published:
Report ID: 7950

North America Laboratory Electronic Balance Market

Published:
Report ID: 41873

Asia Pacific Laboratory Electronic Balance Market

Published:
Report ID: 41775

Europe Laboratory Electronic Balance Market

Published:
Report ID: 41794

Laboratory Electronic Balance Market

Published:
Report ID: 41701

U.S. Laboratory Electronic Balance Market

Published:
Report ID: 41634

Meso Erythritol Market

Published:
Report ID: 9236

Macro Synthetic Fibre Market

Published:
Report ID: 101957

Electronics Chemicals Market

Published:
Report ID: 101907

Polyurea Coatings Market

Published:
Report ID: 101888

Marine Composites Market

Published:
Report ID: 101830

D-Limonene Market

Published:
Report ID: 4426

Chromium Picolinate Market

Published:
Report ID: 2942

Chemical Accelerators Market

Published:
Report ID: 4035

Polyurethane (PU) Timing Belt Market

Published:
Report ID: 101519

Eco-Friendly Inks Market

Published:
Report ID: 101309

Hydrazine Hydrate Market

Published:
Report ID: 101303

Non-Alcoholic Spirits Market

Published:
Report ID: 101268

Purchase Options

The report comes as a view-only PDF document, optimized for individual clients. This version is recommended for personal digital use and does not allow printing.
$4699

To meet the needs of modern corporate teams, our report comes in two formats: a printable PDF and a data-rich Excel sheet. This package is optimized for internal analysis and multi-location access, making it an excellent choice for organizations with distributed workforce.
$5699

The report will be delivered in printable PDF format along with the report’s data Excel sheet. This license offers 100 Free Analyst hours where the client can utilize Credence Research Inc.’s research team. It is highly recommended for organizations seeking to execute short, customized research projects related to the scope of the purchased report.
$12699

Credence Staff 3

WILLIAM, North America

Support Staff at Credence Research

KEITH PHILLIPS, Europe

Lee - CR Sales Staff

LEE VALLANCE, Asia Pacific

Smallform of Sample request

Report delivery within 24 to 48 hours

– Other Info –

What people say?-

User Review

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –

Phone

+91 6232 49 3207


support

24/7 Research Support


sales@credenceresearch.com

– Research Methodology –

Going beyond the basics: advanced techniques in research methodology

– Trusted By –

Pepshi, LG, Nestle
Motorola, Honeywell, Johnson and johnson
LG Chem, SIEMENS, Pfizer
Unilever, Samsonite, QIAGEN

Request Sample