Global Laboratory Refining Accessories Market

Laboratory Refining Accessories Market Overview

The global laboratory refining accessories market was valued at USD 513.2 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.41% from 2022 to 2028. One of the major reasons to drive the growth and demand of the laboratory refining accessories market is the rapid increase in R&D investment in the pharmaceutical and biopharmaceutical industries. Furthermore, throughout the forecast period of 2022 to 2028, the rising demand for membrane filtering technology and increased focus on developing large-molecule biopharmaceuticals are expected to propel the worldwide laboratory refining accessories market forward. Furthermore, laboratory staff is taught to focus on technical performance and the accomplishment and maintenance of the best quality test findings possible. As a result, the growing use of refining methods in clinical labs is propelling the market. Moreover, as more advanced refining technologies develop, such as microfiltration, nanofiltration, and ultrafiltration, the laboratory refining accessories market is expected to increase since these techniques utilize superior filtration equipment.

What are Laboratory Refining Accessories?

Refining is a process of disinfection used in labs. It is critical in nearly all laboratory processes involving environmental, chemical, and life sciences applications. It is a process used in the laboratory to purify or concentrate substances. Such devices are largely used in pharmaceutical and biotechnology industries, research and development laboratories, and food industries. Pore diameters can be as tiny as .01m, which is small enough to prevent viruses from going through yet large enough to allow smaller proteins to flow through. They can stop viruses, proteins, and certain poisons. Refining is also an excellent approach for sterilizing heat-sensitive liquids that cannot be autoclaved or sanitized using other methods.

Growth Drivers

Technological innovations in nanofibers

Because of their unique physicochemical features and qualities, nanofibers have emerged as interesting one-dimensional nanomaterials for a wide range of research and commercial applications. Compared to the classic electrospinning procedure, the newly developed nanofiber coating technology offers higher flexibility, control, and durability in pharmaceutical refining. Fibers ranging in size from 0.3 to 0.5 microns can be used in this unique coating, which can be raised to 1 micron. They may build highly porous mesh networks with great interconnectivity between their pores, making them a reasonable option for various sophisticated applications. Indeed, the vast range of basic materials that may be employed to synthesize nanofibers, such as in Refining laboratories, has had a tremendous influence on nanofiber technology. The Nanoweb advanced nanofiber technology has advantages in air and liquid filtration, and it can be customized to satisfy the stringent requirements of a variety of liquid applications. It also meets the increased need for enhanced microfiltration, reverses osmosis, and ultrafiltration in many liquid service applications, such as life sciences, food and beverage, and process liquid filtration.

Restraints

High Pricing Responsivity

End-users of laboratory refining accessories, such as the pharmaceutical and biotechnology industries, are currently confronting cost containment challenges, despite their need for better, more technologically sophisticated products. As a result, laboratory refining equipment and accessories makers are under more pressure to provide high-quality goods at cheaper rates. Due to this price sensitivity, prices in the laboratory accessories industry have remained stable. Furthermore, in most laboratory refining accessories markets, intense rivalry precludes producers from passing on R&D expenses and other increases in manufacturing costs to end-users, resulting in smaller profit margins.

Pre Covid-19 Impact on Global Laboratory Refining Accessories Market

Before the Covid-19 pandemic, drug discovery and development, microbiological analysis, virus elimination, research laboratories, and water purification treatment facilities were all places where used laboratory refining accessories. The adoption rate of products in clinical labs for research purposes has increased due to technological developments in products. Compared to traditional procedures, the items provided give advantages such as high dependability, competence, and throughput. The demand for high throughput refining is expanding during the downstream process, as is analytical equipment and complex filtration technologies for ultra-purification.

Covid-19 Impact on Global Laboratory Refining Accessories Market

COVID-19 is a recently discovered coronavirus that produces a contagious illness. COVID-19, which was mostly unknown before the outbreak in Wuhan, China, in December 2019, has gone from a localized problem to a global pandemic in weeks. The pandemic’s economic and social toll has driven governments worldwide to increase funding for vaccine development and production, resulting in a rise in the use of laboratory Refining products for COVID-19 research. The COVID-19 epidemic is expected to influence the worldwide laboratory refining accessories market’s growth positively. Vaccines are developed and produced using a variety of filtering processes. The bulk of demand is for food, healthcare, and wastewater treatment applications, all of which are important revenue producers in the industry.

Post Covid-19 Impact on Global Laboratory Refining Accessories Market

Biopharmaceutical companies plan to use various filtration techniques and materials to help the downstream vaccine development process. For instance, Pall laboratory’s Acrodisc sterile syringe filters protect the sterility of media, kits, and components used in COVID-19 research kits. The market is estimated to grow owing to the rising number of organizations seeking solutions for health and safety regulations in the workplace. Therefore, post-Covid, the market is anticipated to impact the globe positively.

By Accessories Segment Analysis

Based on the Accessories segment, the market is categorized into Filter Holders, Dispensers, Cartridges, Filter Flasks, Vacuum Pumps, Seals, and Other. The Filter Holders category held the biggest market share and is likely to maintain its dominance during the projection period of 2022-2028, owing to an increase in the application of filtration in industrial biotechnology and associated research. Additionally, the growing use of filtering technology in the pharmaceutical, biopharmaceutical, and food and beverage sectors and the desire for more efficient filters are driving the market forward.

By Technique Segment Analysis

Based on the Technique Segment, the market is classified into Microfiltration, Ultrafiltration, Reverse Osmosis, Vacuum, and Others. Microfiltration dominated the global market over the forecast period by 2028 because it is widely employed in many sectors for cold sterilization of API and enzymes and the separation of solid-liquid phases. It is widely utilized in milk protein fractionation applications. Some applications are cell harvesting from fermentation broths, milk protein separation, corn syrup clarity, and CIP chemical recovery.

By Region Segment Analysis

Based on region segment, the market is bifurcated into North America, Europe, Asia-Pacific, South America and The Middle East & Africa. North America will likely lead the Global Laboratory Refining Accessories Market over 2022-2028. The North American region’s substantial share can be ascribed to the region’s huge number of pharmaceutical and biotechnology businesses, as well as the presence of an established healthcare market and the pharmaceutical industry’s stringent regulatory environment. In addition, the availability of well-equipped laboratories for life science research and increased R&D investments is expected to propel the market forward.

Competitors Analysis

The Companies includes 3M Company, AMD Manufacturing Inc., Merck Millipore, Veolia Water Technologies, Agilent Technologies Inc, Ahlstrom-Munksjö, Danaher Corporation, Thermo Fisher Scientific, Koch Separation Solutions, Sterlitech Corporation, and Other Prominent Players in the Laboratory Refining Accessories market. Key Stakeholders

• Market research and consulting firms
• Industry Associations
• Local Governments
• Regulatory bodies
• Laboratory Refining Accessories providers
• Suppliers
• Retailers
• Service Providers

Recent Developments

• In November 2019, Eco-Tec Inc. was acquired by Koch Membrane Systems. Eco-Tec provides resource recovery and purification services to businesses all over the world. This purchase was developed to enhance the company’s existing skills to supply cutting-edge ion exchange solutions.

Scope of the Report

Report Attribute	Details
Market Size Value in 2021	USD 513.2 million
The revenue forecast in 2028	USD XX million
Growth Rate	CAGR of 6.41% from 2022 to 2028.
Historical data	2017 – 2020
Base Year	2021
Forecast period	2022 – 2028
Region covered	North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Key companies Profiled	The Companies includes 3M Company, AMD Manufacturing Inc., Merck Millipore, Veolia Water Technologies, Agilent Technologies Inc, Ahlstrom-Munksjö, Danaher Corporation, Thermo Fisher Scientific, Koch Separation Solutions, Sterlitech Corporation, and Other Prominent Players in the Laboratory Refining Accessories market.

Market Modelling

By Accessories

• Filter Holders
• Dispensers
• Cartridges
• Filter Flasks
• Vacuum Pumps
• Seals
• Other

By Technique

• Microfiltration
• Ultrafiltration
• Reverse Osmosis
• Vacuum
• Others

By End-User

• Food & Beverage Industry
• Pharmaceutical & Biotechnology Companies
• Hospitals & Diagnostic Laboratories
• Others

By Region

• North America
• Europe
• Asia-Pacific
• South America
• The Middle East & Africa

Magnetic Sheet Floaters Market

Host Cell Contaminant Testing Market

Global Subscription Box Market Study (COVID-19 Impact Report)

Saudi Arabia Residential Real Estate Market

Critical Infrastructure Protection Market

Green Technology and Sustainability Market

Coal Tar Market

Norway Supply Side Platform Software Market Report

Global Smart Fleet Management Market