Italy Laboratory Chemicals Market (2019 - 2024)

Italy Laboratory Chemicals Market (2019 - 2024)

  • March 2019 •
  • 83 pages •
  • Report ID: 5778186 •
  • Format: PDF
Italy Laboratory Chemicals Market- Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Application (Industrial, Education, Government, and Healthcare)

Market Overview
The Italy laboratory chemicals market is expected to grow at a CAGR of 2.7% during the forecast period of 2019 – 2024. Major factors driving the market studied are growing reuse of wastewater in the country. Low public investments in education sector of the country is expected to hinder the growth of the market studied.
• Industrial segment dominated the market in 2017 and is expected to continue its dominance during the forecast period.
• Increasing investments in Italian diagnostics industry is likely to act as an opportunity in the future.

Key Market Trends
Increasing Industrial Applications to propel the market Demand

• Laboratory chemicals are extensively used in a wide variety of industrial processes ranging from bromination to numerous cryogenic reactions.
• Some of the most common processes that use laboratory chemicals are Acid Chloride Preparations, Aldol & Crossed Aldol Reaction, Caroxylation, Ion exchange Reactions, Nitration, Suzuki Coupling, Williamson’s Ether Synthesis, Writing-Homer Reaction, and many others.
• These chemicals play an important role in the re-crystallization and distillation processes to manufacture a wide variety of commercial products.
• After a very positive 2017, chemical industry in the country showcased a stagnant growth in 2018, in a context of weakness of the sector at European level. Compared to substantial stagnation of European chemical production (-0.1% year on year in the first 10 months), Italian levels of activity were still above the previous year (+ 1.5%).
• During the last 3 years, chemical production in Italy has grown more than the European average (6.7%, compared to 4.2%). Despite the substantial financial resources required by research, the chemical industry recorded a profitability of close to 14% in 2017.
• All such developments are expected to increase the demand for laboratory chemicals in the industrial sector of Italy during the forecast period.

Competitive Landscape
The Italian laboratory chemicals market is a consolidated market. The top three players account for more than 65% of the of the market share (in terms of revenues generated). Merck KGaA is the leading player in Italy laboratory chemical market followed by Carlo Erba Reagents SRL & VWR International SRL.
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