The global melting point apparatus market is projected to grow steadily at a CAGR of 7.5% from 2022 to 2032, reaching a value of USD 34.1 billion by 2032. Increasing demand for melting point apparatus in the chemical, materials, and pharmaceutical industries is expected to drive this growth. According to FMI, the market is estimated to surpass USD 22.3 billion in 2022, supported by a growing number of research laboratories worldwide. This trend is fueling the need to accurately measure the melting points of various substances.
Melting Point Apparatus Market: Competition Landscape
Some of the prominent players in the global melting point apparatus market are BUCHI, Stanford Research Systems, Kruss, AZO Materials, Bibby-Electrmal, Bibby-Stuart, Jinan Hanon Instrument, JiaHang Instruments, Shanghai Benang Instruments, METTLER TOLEDO, Jingtuo Instruments, and Shanghai Instrument Physical Optics Instrument.
Key manufacturers of melting point apparatus are focusing on collaboration and acquisitions. Along with that, the vendors are engaged in offering technically advanced and improved melting point apparatus for better performance. Moreover, manufacturers of the melting point apparatus are focused on providing economical and low maintenance melting point apparatus to the consumers.
High adoption of melting point apparatus in North American and European countries due to increase in the research laboratories and increase in expenditure in research and development is fueling the growth of melting point apparatus market. New product launches and acquisitions are one of the key strategies adopted by key manufacturers of the melting point apparatus market.
Melting Point Apparatus Market: Regional Overview
On the basis of geography, countries with significant economies such as US and Canada in North America are expected to capture substantial share in terms of revenue of melting point apparatus market. Due to rapid growth in the field of research laboratories and increasing government spending on academic institutes in North America is eventually fueling the growth of the melting point apparatus market.
European countries such as France, Germany are estimated to hold a significant market share in the melting point apparatus market. Furthermore, Asia Pacific Excluding Japan is also expected to capture significant share in the melting point apparatus market due to increasing chemical industries and government spending on academic institutes. Also, growth in investments in research and development in Asia Pacific Excluding Japan is expected to fuel the growth of the market during the forecast period at substantial CAGR.
In Middle East Africa, there is increase in number of chemical & material industries along with that, increasing government spending on the research laboratories for enhancing the quality of the instruments is expected to drive progressively the demand for the melting point apparatus market during the forecast period in Middle East Africa. Growing spend by government on research laboratories is eventually boosting the growth of the melting point apparatus market during the forecast period across the globe.
Key Companies Profiled
- Shanghai Benang Instruments
- Stanford Research Systems
- Shanghai Instrument Physical Optics Instrument
- BUCHI
- Jingtuo Instruments
- Jinan Hanon Instrument
- Kruss
- METTLER TOLEDO
- AZO Materials
- JiaHang Instruments
- Bibby-Stuart
- Bibby-Electrmal
Key Segments Profiled in the Melting Point Apparatus Industry Survey
By Product Type:
- Hot Stage Apparatus
- Capillary Tube
- Others
By End Use:
- Chemical & Material
- Pharmaceuticals
- Research Laboratories
- Academic Institutes
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/melting-point-apparatus-market
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