Laboratory Sieve Shaker Market is Estimated to Witness High Growth Owing to Growing Pharmaceutical and Chemical Industry

Laboratory Sieve Shaker Market

Laboratory sieve shakers are equipment that are used for sieving and analysis of solid particles or powders according to size. Laboratory sieve shakers provide consistent results and are used across various industries such as construction, mining, pharmaceuticals and chemicals. The growth of pharmaceutical and chemical industry has increased the demand for laboratory testing and quality control. This drives the need for laboratory sieve shakers to analyze particle sizes accurately and precisely.

The Global Laboratory Sieve Shaker Market is estimated to be valued at US$ 4.04 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the Laboratory Sieve Shaker are L'Oréal,Estée Lauder Companies,Procter & Gamble,Shiseido,Beiersdorf,Coty,Unilever,Avon Products,Johnson & Johnson,Natura & Co. The pharmaceutical industry offers major opportunities for laboratory sieve shakers owing to stringent regulations regarding quality control of drugs and formulations. Growing construction industry in Asia Pacific is augmenting the demand for laboratory shakers to analyze granular materials. Key players are focusing on expansion in emerging markets of Asia Pacific and Latin America to tap the growth opportunities.

Market drivers

The major driver for the Laboratory Sieve Shakers Market Size is the rapid growth of the pharmaceutical industry. Growing investments in R&D by pharmaceutical companies have increased the need for sophisticated laboratory equipment for analysis and quality testing. Moreover, stringent FDA regulations regarding particle size distribution and impurities analysis are propelling the sales of laboratory shakers. Furthermore, increasing construction activities in developing nations require effective characterization of concrete aggregates and sand particles using laboratory sieve shakers. This is expected to fuel the market growth during the forecast period.

PEST Analysis

Political: Laboratory sieve shakers require compliance with various regulations regarding safety and environmental standards. This requires additional investments for R&D and testing.

Economic: The overall growth of the materials testing industry and increasing investments in infrastructure and mining projects are driving demand for laboratory sieve shakers. Fluctuations in raw material prices can impact productions costs.

Social: Growing awareness about product quality standards and safety is increasing the need for stringent testing of materials used in various industries. This is generating demand for laboratory testing equipment like sieve shakers.

Technological: Advancements in materials and sieving technologies allow for higher throughput and precision. Digitalization is enabling remote monitoring and data analysis. Use of new alloy mixtures for improved durability of mesh screens.

Geographical regions of concentration

North America currently accounts for the largest share of the global laboratory sieve shaker market in terms of value. This is attributed to well-established materials testing infrastructure and stringent regulations related to product quality across industries such as construction, food, chemicals in the region. Large presence of key manufacturers and availability of advanced laboratory equipment also contributes to market concentration.

Fastest growing region

The Asia Pacific region is expected to witness the fastest growth during the forecast period. This can be attributed to rising investments in infrastructure development and growing manufacturing activities in countries such as China and India. Increasing regulatory focus on product quality and safety is also driving the need for laboratory testing in the region. Additionally, setting up of new research facilities and expansion of manufacturing bases of global players is augmenting regional market growth.