Frost Radar™: Material Characterization Market, 2020
Material characterization is the assessment of a material’s mechanical or physical properties and features. Product segments include physical testing instruments, thermal analyzers, particle characterization analyzers, and rheometers and viscometers.
The global material characterization market is witnessing a shift in demand from laboratory to online process analyzers. In the pharmaceutical industry, for example, direct online analyzer process control can minimize time to market and eliminate additional laboratory research. Online process analyzers are easy to apply and can enhance customers’ productivity and product quality while lowering the total cost of ownership.
Growth is strong in academia for the analysis of advanced nanomaterials, particularly in North America and Asia with government initiatives supporting research for new product development. This type of collaboration is significant to help manufacturers transform generalized solutions into prescriptive and predictive offerings with increased field knowledge.
Advanced material analysis requires a specialized instrument with high sensitivity detection that not all participants have the technical expertise to provide. Demand is driven by development of products including smartphones and electric cars.
The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
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