The global particle size analysis market is projected to reach USD 405.0 million by 2022 from USD 314.3 million in 2017, at a CAGR of 5.2%. Growth in particle size analysis market can be attributed to factors such as the increasing research activities in the field of nanotechnology; technological advancements in particle size analyzers; development of technologically advanced instruments requiring low sample volumes and preparation time; and the increasing investments in pharmaceutical R&D.

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The global particle size analysis market is segmented by technology, type of dispersion, type of industry, healthcare industry, end user, and region.

On the basis of technology, the global particle size analysis market is segmented into laser diffraction, dynamic light scattering (DLS), imaging, nanotechnology particle analysis (NTA), the Coulter principle, and other technologies. The nanotechnology particle analysis (NTA) technology segment is expected to grow at the fastest rate during the forecast period. Advanced applications of NTA particle size analyzers and increasing R&D activities in the biopharmaceutical industry are the key factors driving the high growth of this segment in the next five years.

On the basis of type of dispersion, the global particle size analyzers market has been segmented into wet dispersion, dry dispersion, and spray dispersion. The wet dispersion segment is expected to grow at the highest CAGR during the forecast period. The increasing application of nanoparticles which is mainly analyzed via liquid dispersion is driving the high growth of this market segment. The advantages offered by wet dispersion such as ease of use, better reproducibility of results, and real-time monitoring of dispersion process are adding growth opportunities for the segment.

On the basis of type of industry, the particle size analysis market is segmented into five major segments—healthcare; chemicals and petroleum; mining, minerals, and cement; food and beverage; and other industries (industries related to inks, toners, paint, coatings, cosmetics, and environmental analysis). The chemicals and petroleum segment is expected to grow at the highest CAGR during the forecast period. Increasing investments, increasing applications of nanotechnology in the petrochemical industry, and the rapidly growing petrochemical market in the APAC and Middle Eastern regions are the key factors stimulating the growth of the particle size analysis market for the chemicals and petroleum industries.

On the basis of end user in healthcare industry, the particle size analysis market is segmented into pharmaceutical & biotechnology companies, public and private research institutions, and academic institutions. The pharmaceutical & biotechnology companies segment is estimated to witness the highest growth during the forecast period, primarily due to the increasing number of clinical trials and company initiatives to increase customer awareness about new particle characterization technologies.