According to FutureWise analysis, the market for Analytical Standards is expected to reach US$ 2.48 billion by 2031 at a CAGR of 6.52% over the forecast period of 2023-2031.
An analytical standard is a mixture of high purity and known concentration used to confirm the presence of specific components in mixtures, increase the precision of quantitative analysis, perform a test or a calibration of an analyzer, and other purposes. The expected value of this reagent should have good accuracy. It should also be able to convert with the SI unit, and a uniform standard value can be obtained, specified by an accurate, standardized process. The determination and the use of standard reagents are international. The analytical standards are utilized for the analysis and detection of chromatography (HPLC, GPC, GC), spectrophotometry, electrophoresis, microscopy, and physical property testing, covering agricultural and environmental standards, clinical application standards, certification standards, air testing standards, food and beverage standards, cosmetics testing standards, organic standard solutions, etc. Ultimately, custom standards and packaging services are offered as well.
A primary standard is a highly pure, stable reagent with no water of hydration and high molecular weight. A secondary standard is generated in the laboratory for a specific analysis. It is usually standardized against a primary standard. NIST Standard Reference Materials The National Institute of Standards and Technology (NIST) provides a wide variety of standard reference materials (SRMs) for validating and calibrating analytical methods.
FutureWise Market Research has published a report that provides an insightful analysis analytical standards market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry.
According to the analysis conducted by FutureWise research analysts, analytical standards market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.