Thermal Analysis

Global Thermal Analysis Market to Reach US$919.8 Million by 2030

The global market for Thermal Analysis estimated at US$669.0 Million in the year 2024, is expected to reach US$919.8 Million by 2030, growing at a CAGR of 5.5% over the analysis period 2024-2030. Chemical & Material Manufacturers, one of the segments analyzed in the report, is expected to record a 6.1% CAGR and reach US$335.4 Million by the end of the analysis period. Growth in the Pharma & Biotech Companies segment is estimated at 4.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$286.4 Million While China is Forecast to Grow at 6.8% CAGR

The Thermal Analysis market in the U.S. is estimated at US$286.4 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$86.4 Million by the year 2030 trailing a CAGR of 6.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 4.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.

Global Thermal Analysis Market - Key Trends & Drivers Summarized

Thermal analysis is a critical technique used to study the properties of materials as they change with temperature. This analytical method encompasses several techniques, including Differential Scanning Calorimetry (DSC), Thermogravimetric Analysis (TGA), Thermomechanical Analysis (TMA), and Dynamic Mechanical Analysis (DMA). DSC measures the heat flow associated with phase transitions in materials, providing insights into melting points, crystallization, and other thermal properties. TGA evaluates changes in a material’s mass as a function of temperature or time, helping in understanding thermal stability and composition. TMA and DMA analyze the dimensional and mechanical properties of materials under thermal conditions, respectively. These techniques are indispensable in various industries, such as polymers, pharmaceuticals, food, and metallurgy, for quality control, research and development, and regulatory compliance.

Advancements in thermal analysis technology have significantly enhanced the precision and scope of these techniques. Modern thermal analyzers are equipped with high-resolution sensors, automated sample handling, and advanced data analysis software, enabling more accurate and detailed measurements. The integration of thermal analysis with other analytical techniques, such as spectroscopy and microscopy, has opened new avenues for material characterization. For instance, coupling DSC with infrared spectroscopy allows for the simultaneous analysis of thermal and chemical changes in materials. This multidisciplinary approach provides a more comprehensive understanding of material properties, crucial for developing new materials and improving existing ones. Innovations such as modulated DSC and high-pressure TGA have further expanded the capabilities of thermal analysis, allowing for the investigation of complex materials and reactions.

The growth in the thermal analysis market is driven by several factors. The increasing demand for high-performance materials in industries such as aerospace, automotive, and electronics necessitates advanced thermal analysis techniques for material development and quality assurance. The pharmaceutical industry relies heavily on thermal analysis for drug formulation and stability testing, further propelling market growth. Technological advancements in thermal analysis equipment, such as enhanced sensitivity, automation, and integration with other analytical tools, are making these techniques more accessible and efficient. Additionally, the rising focus on sustainable and energy-efficient materials is boosting the need for thermal analysis to understand and optimize material properties. Government regulations and standards, particularly in the pharmaceutical and food industries, are also driving the adoption of thermal analysis for compliance and quality control purposes. These factors, combined with the continuous innovation in analytical technologies, are expected to sustain the growth of the thermal analysis market in the coming years.

SCOPE OF STUDY:

The report analyzes the Thermal Analysis market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Functionality (Single-Functionality Analyzers, Simultaneous-Functionality Analyzers); End-Use (Chemical & Material Manufacturers, Pharma & Biotech Companies, Food & Beverage, Petrochemical, Research & Academia, Other End-Uses)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.

Select Competitors (Total 53 Featured) -

• PerkinElmer, Inc.
• Intertek Group PLC
• LECO Corporation
• Hitachi High-Tech Corporation
• Instron Corporation
• NETZSCH-Geratebau GmbH
• Mettler-Toledo, LLC
• Anton Paar GmbH
• Cayley Aerospace
• ELTRA GmbH
• GoTTFERT Werkstoff-Prufmaschinen GmbH
• NovaTech, LLC
• Hi-Tech CAE
• Aspen Systems, LLC.
• Lacerta Technology Ltd

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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