Market Profile: Process Raman Spectroscopy

Market Profile: Process Raman Spectroscopy

The market for process Raman spectroscopy is becoming established as a standard process analytical technique. The inherent traits of the technique make it among the best-suited analytical techniques for online usage. The diverse range of applications for process Raman ensures that growth in demand will continue to be robust well into the future.

Technological limitations in fiber optic probe technology have long been the major limiter to the widespread growth of the process Raman market. Continued development has more recently made the use of fiber optic probes for Raman spectroscopy fairly standard, which has provided a major catalyst for the growth of the market. In fact, new and improved probes are where much of the growth in the market is taking place currently, rather than in instruments and systems.

The petrochemical and pharmaceutical industries represent the two largest industries for process Raman. Although the development of the process analytical technology (PAT) market, which is a subset of the pharmaceutical market, has not been quite as spectacular as many had thought likely, the pharmaceutical sector is still the fastest growing portion of the process Raman market. The overall process Raman market will approach the $20 million mark in 2007 and should see strong single-digit growth for the foreseeable future.

2007 Process Raman Spectroscopy Industrial Demand

The foregoing data are based on research conducted for SDi's market analysis and perspectives report entitled PAT Instrumentation: The Pharmaceutical and Biotech Market for Process Analytical Technology, January 2006. For more information, contact Stuart Press, Senior Consultant, Strategic Directions International, Inc., 6242 Westchester Parkway, Suite 100, Los Angeles, CA 90045, (310) 641-4982, fax: (310) 641-8851, www.strategic-directions.com.