Chemical Synthesizer Market Size & Share, by Product Type (Conventional, Microwave, Electro-Thermal, Universal); Mode (Single Mode, Parallel Mode); End-Use Industry (Chemical Industry, Pharma & Biotech Industry, Food & Beverages Industry); Application (Organic Synthetics, Inorganic Synthetics, Teaching Laboratories, Inorganic Chemistry, Nanomaterials Production, Polymer Synthetics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5735
  • Published Date: Feb 27, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Chemical Synthesizer Market size is projected to reach USD 5 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of chemical synthesizer was close to USD 2 Billion. This growth of the chemical synthesizer market is poised to be dominated by growing investment in AI. According to recent economic research, by 2025, worldwide companies may invest close to USD 199 billion in artificial intelligence (AI) technologies. Hence, with this, the integration of AI in a chemical synthesizer is also estimated to boost in order to maximize the synthesis process for more accurate results.

Furthermore, the prevalence of emission from chemical production is surging all across the globe. In terms of direct CO2 emissions, the chemical industry is the third-biggest industry subsector and the largest consumer of industrial energy. Additionally, the waste emitted from chemical industry is also other major factor for the degradation of environment. As a result, with the deployment of advance technology in chemical synthesis this waste could be reduced by obtaining accurate composition of chemical. Therefore, the chemical synthesizer market is projected to observe growth over the coming years.


Chemical Synthesizer Market
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Chemical Synthesizer Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Demand for Automated Chemical Synthesizer -To automate a number of formerly laborious organic synthesis procedures, an automatic chemical synthesizer was created. These tools significantly boost productivity and reduce labor costs in the R&D domain. Applications include parallel synthesis in drug screening and process development, as well as organic chemical and peptide synthesis at the laboratory level. Small-scale goods for small-scale research and big products for pilot plant-class studies on process development are among the sizes available. Also, they are employed in the lab to create novel reactions and enhance artificial reaction pathways, among other things. These devices can be automated to increase repeatability, accurately control reaction conditions, and limit the quantity of hazardous material exposure for the experimenter. Furthermore, precise temperature monitoring can prevent thermal runaway when chemicals are introduced, and the device can automatically record experimental data on a computer, allowing for more accurate and efficient recording of experiments.
  • Surge in Agriculture Production - In the last twelve months, two significant population milestones were reached all across the globe. The official count of individuals on globe surpass over 7 billion in November 2022. Hence, this has also increased the demand for agriculture production. Moreover, chemical fertilizers are commonly employed in conventional agricultural systems to attain optimal production. The persistent and excessive use of chemical fertilizers contributes significantly to altered environmental conditions, either directly or indirectly. Therefore, the search and development of novel crop protection products is progressing quickly. Agriculture's adoption of biotechnology opens up new opportunities for the chemical synthesizer sector.
  • Rising Innovation in Flow Chemistry - Chemical synthesis has a significant place in flow chemistry primarily owing to the widespread need for scalable and effective industrial methods. Higher yields, better selectivity, and increased process efficiency may be achieved by the precise control of reaction parameters, enhanced mixing, and improved heat transfer provided by flow chemistry. In chemical synthesis, where the synthesis of complicated molecules necessitates precise control over reaction conditions and optimized process parameters, these advantages are especially valuable. 

Challenges

  • Growing Compliance of Regulations - Chemical manufacturing is an important sector of the economy that affects many facets of contemporary life, from creating necessary materials for the building and automobile sectors to creating medications and personal care items. However, the manufacturing, usage, and disposal of chemicals can have a substantial negative influence on the environment and human health, which has led to the creation of a complicated regulatory system that governs this sector of the economy. In order to make sure they are meeting regulatory norms, manufacturers must invest in new technology, systems, and procedures, which can be costly and time-consuming to comply with. On the other hand, breaking the law can be expensive as well, leading to penalties, legal action, and reputational harm. As a result, the chemical synthesizer market is projected to hinder.
  • Lack of Investment in Technological Advancement
  • Surge in Competition Designated Players 

Chemical Synthesizer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~9%

Base Year Market Size (2023)

~ USD 2 Billion

Forecast Year Market Size (2036)

~ USD 5 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Chemical Synthesizer Segmentation

End-Use Industry (Chemical Industry, Pharma & Biotech Industry, Food & Beverages Industry, Academics & Educational Institutes, Testing Lab & Health Institutes)

The pharma & biotech industry segment in the chemical synthesizer market is set to generate the highest revenue share of over 30% in the coming years. Chemical synthesis is at the forefront of drug development, serving as a process for creating and optimizing pharmacological compounds. With the aim of maximizing benefits and reducing side effects, medicinal chemists create and assemble novel molecules with therapeutic potential. This process necessitates a thorough understanding of the connections between a molecule's biological activity and structure. It would be practically impossible to manufacture safe and effective drugs without chemical synthesis. Furthermore, owing to the surge in cases of covid19 the chemical synthesizer market is poised to observe exponential growth.  Nearly 767 million cases of COVID-19 had been reported globally as of June 13, 2023. The manufacture of effective and affordable anti-COVID-19 drugs has become a global essential challenge, given the millions of COVID-19 patients around the globe. As a result, the adoption of chemical synthesizers is projected to rise. Additionally, with the prediction of more diseases like COVID-19 the scientists are exploring various medications which is why the market might experience great adoption. 

Application (Organic Synthetics, Inorganic Synthetics, Teaching Laboratories, Inorganic Chemistry, Nanomaterials Production, Polymer Synthetics, Parallel Reaction Processing, Acid Digestion for Metal Analysis, Solvent Extraction)

The organic synthesis segment in the chemical synthesizer market is estimated to gather the highest revenue share of over 30% during the forecast period. Producing organic molecules can greatly improve everyday life by facilitating the development and manufacturing of pharmaceuticals or the creation of catalysts for various industrial processes. Therefore, organic chemists' primary focus is on creating workable techniques for creating organic compounds. Synthetic routes are typically made more appealing by increasing their efficiency, either in terms of the number of steps required or the yields from these stages, or by creating more sustainable processes using green reagents, catalysts, or solvents, or by requiring less energy. Academic and industrial chemists who are trying to produce target compounds will probably use these paths. 

Our in-depth analysis of the global chemical synthesizer market includes the following segments:

          Product Type

  • Conventional
  • Microwave
  • Electro-Thermal
  • Universal

           Mode

  • Single Mode
  • Parallel Mode

          End-Use Industry

  • Chemical Industry
  • Pharma & Biotech Industry
  • Food & Beverages Industry
  • Academics & Educational Institutes
  • Testing Lab & Health Institutes

          Application

  • Organic Synthetics, Inorganic Synthetics
  • Teaching Laboratories
  • Inorganic Chemistry
  • Nanomaterials Production
  • Polymer Synthetics
  • Parallel Reaction Processing
  • Acid Digestion for Metal Analysis
  • Solvent Extraction

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Chemical Synthesizer Industry - Regional Synopsis

APAC Market Forecast

The Asia Pacific chemical synthesizer market is projected to generate the highest revenue share of 35% during the forecast period. Due to the encouraging policies of the several governments in the area, Asia Pacific is widely recognized in this field. Amongst the important elements creating the arrogation are the increased attention being paid to ontogenesis in the chemical industry and the industry's need for more exact and accurate chemical compositions. Moreover, the production of chemicals is also growing in this region. Furthermore, regional proliferation in the Asia-Pacific area can be ascribed in large part to increased spending on chemical research and development.

North American Market Analysis

The North America chemical synthesizer market is also projected to have significant growth in the coming years. This expansion is poised to be influenced by growing healthcare expenditure. The amount spent on health care in the United States increased by 4.1% in 2022 to USD 4.5 trillion, or USD 13,493 per person. Health expenditures constitute up 17.3 percent of the country's Gross Domestic Product. Additionally, this region has been seen producing various advanced technology which is also further set to dominate the chemical synthesizer market expansion over the coming years.   

Research Nester
Chemical Synthesizer Market size
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Top Featured Companies Dominating the Chemical Synthesizer Market

top-features-companies
    • IBM Corporation
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Chemical.AI
    • Thermo Fisher Scientific, Inc.
    • Agilent Technologies, Inc.
    • Merck KGaA
    • GE Healthcare
    • Biotage
    • Sartorius AG
    • Danaher Corporation
    • Waters Corporation

In-the-news

In The News

  • IBM unveiled updates to RoboRXN, an AI-automated lab located in the cloud that facilitates the remote discovery and synthesis of novel compounds and materials. More than 29,000 customers have utilized RXN for Chemistry, the AI that powers RoboRXN, since its launch in 2018. It has generated over five million reaction predictions in an effort to expedite the scientific process involved in the discovery and synthesis of novel materials.
  • Chemical.AI, an R&D AI technology firm that transforms research and development in chemistry by using big data and machine learning, announced the completion of its Series B financing, which raised about USD 14 million (100 million RMB) and was led by Changjiang Securities Innovation and Peakvest.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5735
  • Published Date: Feb 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing demand for automated chemical synthesizer, surge in agriculture production, and rising innovation in flow chemistry.

The market size of chemical synthesizer is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2024-2036.

The major players in the market are IBM Corporation, Chemical.AI, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc. and others.

The pharma & biotech industry segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Chemical Synthesizer Market Report Scope
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