The expansion of the global chemical and physical analysis equipment industry is forecast to reach 4.7% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 6.9%. Currently, spectrophotometers, spectrometers and spectrographs using optical radiations account for 12.6% of the global demand while the remaining market share is divided between other instruments using optical radiations (11.2%), smoke and gas analysis equipment (9.5%), electrophoresis instruments and chromatographs (2.2%), and other chemical and physical analysis equipment and parts (64.5%).
China, France, Germany, the United Kingdom and the United States represent the largest chemical and physical analysis equipment markets while the strongest annual growth is forecast to occur in Bangladesh (14.1%), Macedonia (11.6%), Azerbaijan (11.2%), Vietnam (9.4%) and China (8.6%).
