Global Thermogravimetric Analysis
Market Report
2025
The Global Thermogravimetric Analysis market size is USD 125.6 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, The Global Thermogravimetric Analysis market size is USD 125.6 million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2023 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Thermogravimetric Analysis Market Sales Revenue | 121212 | 121212 | 121212 | 4.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Thermogravimetric Analysis Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Owing to its growing importance across a broad range of industries, including organic and inorganic chemicals, polymers, petroleum, composites, foods, pharmaceuticals, and many others, the thermogravimetric analysis market has been expanding quickly in recent years. The forecast period is anticipated to see improved market growth due to rising research and development activities utilizing thermal analyzers, stricter government regulations regarding food and product safety, rising crude oil production, and widespread adoption of thermal analyzer instruments in research, industrial, chemistry, and diagnostic laboratories.
The need for thermogravimetric analysis equipment is being driven by the increasing focus on R&D in sectors including pharmaceuticals, polymers, and materials science. To develop and improve products, researchers employ thermogravimetric analysis to comprehend the heat stability and breakdown properties of materials. The pharmaceutical industry uses thermogravimetric analysis to examine the excipients and medicinal components' thermal stability. To ensure the safety and effectiveness of medications, there is a growing need for thermogravimetric analysis equipment as the pharmaceutical business expands. Furthermore, to investigate the thermal characteristics of Polymers and Composites, the Polymer Industry widely uses thermogravimetric analysis. The polymer sector keeps growing as a result of the rising need for sophisticated materials in a variety of applications, such as automotive and electronics, which increases the demand for thermogravimetric analysis.
Thermogravimetric analysis is becoming a more adaptable and user-friendly approach thanks to ongoing developments in thermogravimetric analysis instruments and software, such as sensitivity, resolution, and automation. Both new users and current users wishing to improve their equipment are drawn to these developments. Various sectors must adhere to strict rules on the quality, safety, and environmental effects of their products. Thermogravimetric analysis can be a helpful tool for complying with regulations, which promotes its usage in regulated industries.
Thermogravimetric analysis data interpretation might be difficult, especially for novices. It can be difficult for users who are not experts in these subjects because it frequently calls for a solid grasp of material science and thermal analysis. For reliable thermogravimetric analysis results, proper sample preparation is essential. For some users, it might be difficult, time-consuming, and error-prone to prepare samples that are uniform in size, shape, and mass. The usual temperature range for thermogravimetric analysis is small. Thermogravimetric analysis might not be ideal for applications requiring analysis at extremely high or low temperatures; instead, other methods like high-temperature thermogravimetric analysis (HT-TGA) or low-temperature thermogravimetric analysis (LT-TGA) would be preferable. Utilizing specialized software is frequently necessary for analyzing thermogravimetric analysis data. Some users find it difficult to utilize this software, or they may need training to take full advantage of its features.
Globally speaking, COVID-19 had a life-altering effect. Significant changes were made to the market for thermogravimetric analyzers worldwide. On other markets, the virus had varying effects. Several countries enforced lockdowns. This unpredictable pandemic disrupted a variety of industries. Due to an increase in cases during the epidemic, restrictions become more stringent. A lot of industries were impacted. The need for thermogravimetric analyzers, however, increased. According to Springer, a number of studies were carried out to assess the potential use of coronavirus waste for energy production and long-term environmental risk reduction during pandemics. The heating rate's effects on combustion characteristics, including reactivity and reactivity evaluation, ignition index, burnout index, combustion performance index, and the combustion stability index of protective coronavirus face masks, were examined using a thermogravimetric analyzer. In addition, ResearchGate examined the thermogravimetric analyzer in the gasification of lignocellulosic and algal biomass. The sample mass loss rate in a high-temperature gasification environment was calculated using thermogravimetric analysis in order to comprehend the chemical reactions, reactivities, and kinetic parameters of the thermochemical processes. The study emphasized the use of contemporary analytical tools to understand product evolution better.
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The thermogravimetric analyzers market has quite a robust and diverse competitive environment. There are numerous thermogravimetric analyzer makers there, from huge international corporations to little niche enterprises. Due to globalization and technological development, businesses are vying for customers' attention by putting innovative products on the market.
(Source: www.shimadzu.com/news/2023/zxpdsg9hdr9l0rxw.html)
Top Companies Market Share in Thermogravimetric Analysis Industry: (In no particular order of Rank)
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Due to factors such as rising industrial R&D spending, the availability of private and governmental financing for research, and strict regulatory standards for drug development, North America is anticipated to hold the greatest share of the market throughout the forecast period. Moreover, the rise of this market may be attributed to the increased demand for thermogravimetric analyzers from a variety of industries, including petrochemicals, pharmaceuticals, and food & beverages in US and Canada.
However, during the projected period, Asia Pacific is anticipated to develop at the fastest rate. The expansion of the chemical, material, and pharma-biotech industries in India, China, and Japan, along with increased regulatory compliance for cGMP in those countries, as well as international conferences in Japan and advancements in biomedical industrial setups in Singapore, are factors promoting growth in the APAC region.
The current report Scope analyzes Thermogravimetric Analysis Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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North America is predicted to hold the largest share (41%) of the market throughout the forecast period as a result of factors including increased industrial R&D investment, the availability of private and public funding for research, and tight regulatory criteria for drug development. The rising demand for thermogravimetric analyzers from a number of industries, including petrochemicals, pharmaceuticals, and food & beverages in the US and Canada, may also be a contributing factor to the growth of this market. The combination of thermogravimetric analyzers with other analytical methods, developments in automation and software, and the creation of high-throughput thermogravimetric analyzer equipment were among the rising trends in the North American thermogravimetric analyzers market. The proper use of thermogravimetric analyzer tools and techniques was the focus of various educational and training programs in North America. These programs assisted in educating professionals and researchers in the area.
According to Cognitive Market Research, Europe is expected to grow at a significant rate and account for a share of more than 32% of global revenue. The global thermogravimetric analyzers market saw a substantial amount of European participation. The demand for sophisticated analytical techniques in numerous industries, including pharmaceuticals, chemicals, materials science, and environmental monitoring, was fuelling the market's steady rise. The thermogravimetric analyzers market mirrored Europe's well-known commitment to research and development (R&D), which is a priority for the continent. Thermogravimetric analyzers were being actively used for material characterization, quality control, and product development by universities, research organizations, and industrial R&D departments in Europe. In Europe, government, industry, and academic institutions worked together on research and development. Thermogravimetric analyzer techniques and applications were frequently improved as a result of these collaborations.
According to Cognitive Market Research, Asia Pacific is expected to grow at the fastest rate and account for a share of more than 21% of global revenue. Factors encouraging growth in the APAC region include the development of the chemical, material, and pharma-biotech industries in India, China, and Japan, as well as increased regulatory compliance for cGMP in those nations. Other factors include international conferences in Japan and improvements in biomedical industrial setups in Singapore. The Asia Pacific thermogravimetric analysers market was expanding significantly. The demand for cutting-edge analytical methods like thermogravimetric analyzers was being driven by the region's developing businesses, particularly those in materials science, pharmaceuticals, and chemicals. In the Asia Pacific region, thermogravimetric analyzers were applied widely across numerous sectors. It was applied to research materials and substance quality control, thermal characteristics, and breakdown behavior. Applications were also used in environmental analysis, particularly in figuring out how waste materials degrade thermally.
According to Cognitive Market Research, Latin America is expected to grow at a significant rate and account for a share of more than 4% of global revenue. Latin America's thermogravimetric analyzers market was expanding at a steady rate. It was primarily fueled by the growth of sectors like materials science, chemicals, and medicines, where thermogravimetric analyzers have a variety of uses. Thermogravimetric analyzers have found use in a variety of fields, including academia, petrochemicals, food & beverage, medicines, and research facilities. It was used to examine the thermal characteristics, the behaviour of decomposition, and quality control of chemicals and materials. Universities and research institutions in Latin America were actively involved in R&D projects utilizing thermal analysis methods like thermogravimetric analyzers. Thermogravimetric analyzers were used to characterize the materials and investigate how they behaved under various temperature settings. Economic variables could impact the market for thermogravimetric analyzers in Latin America. Market expansion may be impacted by variables, including currency exchange rates and the region's overall economic condition.
According to Cognitive Market Research, the Middle East and Africa will grow at a moderate growth rate and account for a share of around 3.0% of the global revenue due to several variables. Although it was still modest, the thermogravimetric analyzers market in the Middle East and Africa had room for expansion. Petrochemicals, materials research, and academia were the main drivers of the boom. The thermal behavior and characteristics of materials, the investigation of breakdown processes, and the evaluation of product quality were all areas where thermogravimetric analyzers were applied. For the examination of crude oil and petrochemical products in the MEA region, the petrochemical industry frequently used thermogravimetric analyzers. The main manufacturers of thermogravimetric analyzers, tools, and equipment for the MEA market were multinational corporations. Typically, they gave their clients in the area the help and instruction they needed. In the MEA region, universities and research organizations are increasingly using thermogravimetric analyzers for material examination and research. Numerous academic and scientific research endeavors used thermogravimetric analyzers.
Global Thermogravimetric Analysis Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Thermogravimetric Analysis Industry growth. Thermogravimetric Analysis market has been segmented with the help of its Type, Application Organization Size, and others. Thermogravimetric Analysis market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, the small furnace segment is utilized the most frequently in the market for thermogravimetric analysis. Smaller samples can be analyzed using tiny furnace TGAs. These instruments are appropriate for analyzing samples of lower mass, frequently in the milligram to gram range, and typically have a smaller sample pan or crucible. For research and quality control, small furnace thermogravimetric analyses are often employed. They are useful for researching the thermal stability, breakdown, and weight loss of small samples in fields like pharmaceutics, petrochemicals, and polymers. Small furnaces are better suited for situations where exact measurement is important because they are more sensitive to slight variations in sample weight.
The large furnace segment is expected to grow at the fastest rate during the forecast period. Large furnace thermogravimetric analyses are made to handle larger samples. These devices frequently feature larger sample pans or crucibles and can analyze materials with a higher mass, frequently in the range of grams to kilograms.
In companies and research settings where larger samples or bulk materials need to have their thermal behavior examined, large furnace thermogravimetric analyses are frequently employed. For instance, huge furnace thermogravimetric analysis can be used to examine the thermal characteristics of cement clinker in the cement industry. These tools are useful in applications where precise measurements of weight loss and thermal transitions in bigger samples are needed, and the sample size is significant.
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The pharmaceutical segment is expected to be the dominating segment in the market. The pharmaceutical business uses thermogravimetric analysis to assess the heat stability of the excipients and medicinal ingredients. As the pharmaceutical industry develops, there is an increasing demand for thermogravimetric analysis equipment to ensure the safety and efficacy of pharmaceuticals.
The polymer segment is expected to grow at the fastest rate as the polymer industry is growing at a faster pace. The polymer industry frequently uses thermogravimetric analysis to examine the thermal properties of polymers and composites. The demand for thermogravimetric analysis rises along with the polymer industry as a result of the increased demand for complex materials in a number of applications, such as automotive and electronics.
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According to Cognitive Market Research, large enterprises are the segment that is dominating the market for thermogravimetric analysis. Thermogravimetric analysis tools are used on a more extensive basis by large businesses. They might have specialized testing and research facilities with a variety of analytical tools, including high-capacity thermogravimetric analysis tools. Particularly in sectors like pharmaceuticals, petrochemicals, and materials science, large corporations frequently employ thermogravimetric analysis for a variety of purposes, including materials characterization, quality control, and product development. Large thermogravimetric analysis instruments can satisfy the various needs of these businesses and can handle higher sample quantities.
Small and medium Enterprises are expected to grow at the fastest rate during the forecast period. For applications or projects that call for the thermogravimetric analysis of materials, SMEs frequently use thermogravimetric analysis devices. On a lesser scale, these applications can be connected to product development, quality control, or research. The thermogravimetric analysis equipment used by SMEs could be more portable and reasonably priced, making them appropriate for smaller sample quantities and spending limits. When necessary, SMEs may also turn to outsource thermogravimetric analysis services to outside laboratories.
According to Cognitive Market Research, pharmaceutical is the segment that dominates the market for thermogravimetric analysis. The pharmaceutical industry uses thermogravimetric analysis to evaluate the heat stability of excipients and active pharmaceutical components. The need for thermogravimetric analysis equipment to assure the safety and effectiveness of medications is growing as the pharmaceutical industry matures.
The chemical segment is expected to experience a significant growth rate during the forecast period. Thermogravimetric analysis is employed in the chemical industry to examine the thermal characteristics of chemicals, polymers, and other materials. Studying processes like polymerization and degradation, as well as the composition, purity, and thermal behavior of chemical substances, are all made easier by it. The chemical industry uses thermogravimetric analysis for product development, quality assurance, and research.
Research Associate at Cognitive Market Research
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
I am Aarti Bagekari, worked as a research associate with strong passion for transforming complex information into strategic insights. My strong analytical skills, coupled with a deep understanding of market dynamics and consumer behavior, empower me to identify hidden opportunities and proactively mitigate risks for clients. As a part of team, I possess a skills in data analysis, segmentation, competitive landscape.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Thermogravimetric Analysis Market is witnessing significant growth in the near future.
In 2023, the Small Furnace segment accounted for noticeable share of global Thermogravimetric Analysis Market and is projected to experience significant growth in the near future.
The QA/QC Applications segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Waters Corporation , SHIMADZU CORPORATION and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
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Type | Small Furnace, Large Furnace |
Application | QA/QC Applications, Studying Pharmaceutical Processes, Polymer Analysis, Medical Research, Chemical Kinetics, Environmental Analysis, Composites |
Organization Size | Small & Medium Enterprises, Large Enterprises |
End User | Pharmaceutical, Chemical, Energy, Automotive, Aerospace & Defense |
List of Competitors | Waters Corporation, Mettler-Toledo International Inc, SHIMADZU CORPORATION, PerkinElmer Inc., Hitachi, NETZSCH Group, Rigaku, Linseis Thermal Analysis, Navas Instruments, SITARAM China, Instrument Specialists Inc. |
This chapter will help you gain GLOBAL Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review Global Thermogravimetric Analysis Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review North America Thermogravimetric Analysis Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review Europe Thermogravimetric Analysis Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review Asia Pacific Thermogravimetric Analysis Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review South America Thermogravimetric Analysis Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review Middle East Thermogravimetric Analysis Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Thermogravimetric Analysis. Further deep in this chapter, you will be able to review Middle East Thermogravimetric Analysis Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Thermogravimetric Analysis. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
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Chapter 12 Market Split by Organization Size Analysis 2021 - 2033
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Chapter 13 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Thermogravimetric Analysis market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Small Furnace have a significant impact on Thermogravimetric Analysis market? |
What are the key factors affecting the Small Furnace and Large Furnace of Thermogravimetric Analysis Market? |
What is the CAGR/Growth Rate of QA/QC Applications during the forecast period? |
By type, which segment accounted for largest share of the global Thermogravimetric Analysis Market? |
Which region is expected to dominate the global Thermogravimetric Analysis Market within the forecast period? |
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