Immersion Oil Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4083
Immersion Oil Market size is likely to grow exponentially from 2019 to 2025 due to its increasing usage in the pharmaceutical industry. Immersion oil are viscous oils which possess optical properties desired in microscopic instruments. The product is used commercially by pharmaceutical manufacturers and by academic or research institutions. Rising research activities in the field of biotechnology is likely to boost the product demand in the coming years. High refractive index of the product helps in increasing the resolution of the microscope by reducing the air gap present between the contact lens and cover glass. Immersion oil provides better resolution, illumination and brighter image of the object in a microscope. Growing research and development in the field of microscopy instruments such as improvement in sample labelling, resolution, data processing, illumination, signal detection, etc. are likely to drive the immersion oil market demand in the upcoming years.
Though immersion oil is used across various end-user industry, the challenges associated with government regulations is likely to hamper the market growth in the coming years. The product is classified as a hazardous substance under the EU regulation (EC) No 1272/2008 as it can cause eye irritation, skin irritation and may cause respiratory irritation when not used as prescribed.
Immersion oil market has been segmented based on type, application, end-user industry and region. On the basis of type, the industry has been classified as paraffinic, synthetic type and cedar wood type. Paraffinic oil has been used in the recent years in the microscope but due to its nondurable nature it is being replaced with other immersion oils. This product will have a considerable share in the overall market in the coming years. Cedar wood type is made of stumps, roots and wood of leftover tree. Synthetic type is durable in nature and retains its color at a longer period of time. Synthetic product types are likely to have a considerable growth in the coming years.
On the basis of application, the immersion oil market has been categorized into microscopic instruments, elevated temperature instruments and automated hematology systems. Microscopic instruments are likely to have significant immersion oil demand in the upcoming years. The product is used in the standard microscopy and fluorescent microscopy instruments. Microscopic instruments utilize this product in order to obtain a clear image of the object under study. Automated hematology systems are also likely to increase product demand as immersion oil is primarily utilized for the smooth operation of these systems.
Based on end-user industry, the immersion oil market has been categorized into healthcare & life science, pharmaceuticals, educational & research institutions and diagnostic laboratories. Healthcare & life science segment is likely to have substantial product demand in the coming years due to increasing research studies related to human body cells in the field of biology. Rising research activities related to biotechnology will enable the increase in microscope demand, which will further enhance the immersion oil demand in the coming years.
Asia Pacific is likely to have significant growth in the immersion oil market in the upcoming years due to increasing research and development activities in the region. Major countries including China, Japan, India, South Korea, etc. are engaged in the development of the microscopy science and biotechnology. North America will also be a key region due to well advanced medical and healthcare research facilities. The U.S. government also spends a significant amount of money in the research and development of healthcare facilities due to increasing chronic disease among its population. Europe is also likely to have considerable growth due to presence of large pharmaceutical manufacturers.
Some of the key market players of immersion oil market, which include Ted Pella, VWR International, ELITechGroup, Nikon Industries, Structure Probe, Honeywell Research Chemicals, Leica Microsystems, Cargille Labs, Biognost, Einstinc and Cole-Parmer India.
Immersion oil Market, By Type, 2014-2025 (USD Million)
- Synthetic type
- Cedar wood type
Immersion oil Market, By Application, 2014-2025 (USD Million)
- Microscopic instruments
- Elevated temperature instruments
- Automated hematology systems
Immersion oil Market, By End-user Industry, 2014-2025 (USD Million)
- Healthcare & life science
- Educational & research institutions
- Diagnostic laboratories
The above information has been provided for the following regions and countries:
- North America
- South Korea
- Latin America
- Saudi Arabia
- South Africa
- Ted Pella
- VWR International
- Nikon Industries
- Structure Probe
- Honeywell Research Chemicals
- Leica Microsystems
- Cargille Labs
- Cole-Parmer India
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