Italy Laboratory Chemicals Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Italy Laboratory Chemicals Market Analysis
The Italy laboratory Chemicals market is expected to register a CAGR of more than 3% during the forecast period.
COVID-19 negatively impacted the market in 2020. However, after a substantial recovery in 2021, the market is estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The expanding healthcare industry is expected to fuel market expansion over the projection period.
- Increasing investment in the Italian diagnostic industry will likely create market growth opportunities in the forecast period.
- However, cheap substitute availability for laboratory chemicals is expected to hinder market growth in the coming years.
Italy Laboratory Chemicals Market Trends
This section covers the major market trends shaping the Italy Laboratory Chemicals Market according to our research experts:
Industrial Application to Witness Substantial Growth
- With the growing industrial sectors, the demand for laboratory chemicals increases in pharmaceuticals, healthcare, etc.
- By introducing new medications and treatments and boosting the R&D sector, industries are experiencing substantial productivity growth. Also, laboratory chemicals are extensively used in various industrial processes, ranging from bromination to numerous cryogenic reactions.
- Some of the most common laboratory chemical processes include acid chloride preparations, carboxylation, ion-exchange reactions, nitration, Suzuki coupling, and Williamson's ether synthesis.
- Occupational and industrial safety and disaster prevention have led to increasing investments in the R&D department to formulate new chemicals that are equally sustainable and less hazardous to the environment.
- Therefore, with the growing industrial sector, laboratory chemicals in Italy are likely to occupy more than 40% of industrial applications.
- Moreover, the expanding pharmaceutical industry increases the need for laboratory chemicals. The value added of the Italy pharmaceutical industry witnessed a rising trend. For example, the value-added increased by 11.69% in 2021 compared to 2018.
- Thus, owing to the abovementioned factors, laboratory chemicals are expected to witness substantial demand from industrial applications during the forecast period.
Expanding Healthcare Sector
- Laboratory chemicals are extensively used in the healthcare and pharmaceutical industry. Their application ranges from gel filtration to affinity chromatography. Molecular sieving or size exclusion chromatography is becoming highly indispensable to molecular biologists and biochemists.
- Laboratory chemicals are also used to isolate and purify biologically active substances, like antibodies, enzymes, lectins, antigens, toxins, and viruses, among other substances.
- Most laboratory chemicals used in the healthcare and pharmaceutical industry are acidic or basic, consisting of different polymers and copolymers. These are excellent for cross-linking and are applied for water softening, conditioning, and de-ionionisation.
- Other applications include removing or recovering high molecular weight anions and fractional separation of amino acids, organic acids, peptides, metals, inorganic, and rare earth metals. They can also treat sugar solutions, enzymes, and amino acids.
- The monthly Consumer Price Index (CPI) for healthcare services and health spending increased by nearly 3% in January 2022 compared to January 2019 in Italy. Thus, fueling the demand for laboratory chemicals in the country during the forecast period.
- The country's total expenditure in the healthcare sector is increasing yearly, which is expected to increase the demand for laboratory chemicals during the forecast period.
Italy Laboratory Chemicals Industry Overview
The Italy Laboratory Chemicals Market is consolidated in nature. Some of the major players in the market include Merck KGaA, DASIT Group SPA, GE HealthCare, Thermo Fisher Scientific Inc., and ITW Reagents Division, among others (in no particular order).
Italy Laboratory Chemicals Market Leaders
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Merck KGaA
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GE Healthcare
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DASIT Group SPA
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ITW Reagents Division
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Thermo Fisher Scientific Inc.
*Disclaimer: Major Players sorted in no particular order
Italy Laboratory Chemicals Market News
- January 2023: Merck Completed the acquisition of M Chemicals Inc., the company recently incorporated by Mecaro Co. Ltd. to operate its chemical business.
- December 2022: Merck announced the collaboration with Mersana Therapeutics to develop novel immunostimulatory antibody-drug conjugates.
Italy Laboratory Chemicals Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Expanding Healthcare Sector
- 4.1.2 Other Drivers
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4.2 Restraints
- 4.2.1 Availability of Cheap Internal Substitutes for Laboratory Chemicals
- 4.2.2 Other Restraints
- 4.3 Industry Value-Chain Analysis
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4.4 Porters Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Type
- 5.1.1 Molecular Biology
- 5.1.2 Cytokine and Chemokine Testing
- 5.1.3 Carbohydrate Analysis
- 5.1.4 Immunochemistry
- 5.1.5 Cell Culture
- 5.1.6 Environmental Testing
- 5.1.7 Biochemistry
- 5.1.8 Other Types
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5.2 Application
- 5.2.1 Industrial
- 5.2.2 Education
- 5.2.3 Government
- 5.2.4 Healthcare
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BD (Becton, Dickinson and Company)
- 6.4.2 BIOMÉRIEUX
- 6.4.3 BiosYnth s.r.l.
- 6.4.4 FUJIFILM Corporation
- 6.4.5 GE Healthcare
- 6.4.6 Merck KGaA
- 6.4.7 Avantor, Inc.
- 6.4.8 Thermo Fisher Scientific Inc.
- 6.4.9 DASIT Group SPA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing Investments in the Italian Diagnostics Industry
Italy Laboratory Chemicals Industry Segmentation
Laboratory chemicals are used in medications and pharmaceutical research. These chemicals are required to carry out experimental or investigative processes and manufacture drugs and other chemicals. The Italy Laboratory Chemicals market is segmented by type and end-user industry. The market is segmented by type: molecular biology, cytokine, and chemokine testing, carbohydrate analysis, immunochemistry, cell culture, environmental testing, biochemistry, and other types. By application, the market is segmented into industrial, education, government, and healthcare. Each segment's market sizing and forecasts are based on revenue (USD million).
| Type | Molecular Biology |
| Cytokine and Chemokine Testing | |
| Carbohydrate Analysis | |
| Immunochemistry | |
| Cell Culture | |
| Environmental Testing | |
| Biochemistry | |
| Other Types | |
| Application | Industrial |
| Education | |
| Government | |
| Healthcare |
Italy Laboratory Chemicals Market Research FAQs
What is the current Italy Laboratory Chemicals Market size?
The Italy Laboratory Chemicals Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Italy Laboratory Chemicals Market?
Merck KGaA, GE Healthcare, DASIT Group SPA, ITW Reagents Division and Thermo Fisher Scientific Inc. are the major companies operating in the Italy Laboratory Chemicals Market.
What years does this Italy Laboratory Chemicals Market cover?
The report covers the Italy Laboratory Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Italy Laboratory Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Italy Laboratory Chemicals Industry Report
Statistics for the 2024 Italy Laboratory Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Italy Laboratory Chemicals analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
