The $1.08 billion certified reference materials market is witnessing strong demand growth from end-user industries, driven by consumer preference for safety and quality products, and companies adopting certified reference materials for calibrating instruments. In particular, growing concerns about environmental emissions are supporting the demand for environmental standards of certified reference materials. Other applications included in the research include food and beverages, pharmaceuticals, chemicals and petrochemicals, forensics, and others. Key end-user industries including government and private laboratories, companies, universities, and scientific research centers, are forecasted from 2021 to 2030. Key companies and laboratories offering certified reference materials are analyzed in the report. Further, the certified reference materials market size outlook of 25 countries is also included in the industry analysis.
Introduction to Certified Reference Materials Market
Certified reference materials are widely used to increase the level of customer confidence and loyalty, optimize resources in R&D activities, supply-chain efficiency, sales negotiations by reference to standards, and other benefits for buyers. Further, consumer awareness of quality and safety and government emphasis on emission monitoring also support the demand for certified reference materials.
Robust demand from end-user industries including Food & Beverages, Animal Feed, Water and Environment, Petroleum, Consumer Safety, medical and pharmaceuticals, Forensic, and others are encouraging the market for certified reference materials. In particular, the robust demand for food and beverages, and pharmaceutical applications is encouraging the market growth prospects.
Leading companies are emphasizing expanding their services to adhere to accreditation requirements, support customers in regulatory requirements, early warning systems, training staff services, and others to boost their market share in the industry.
Further, investments in strengthening distribution networks are observed widely, including investments in strengthening relations with distribution partners and setting up new hubs in developing and developed regions to ensure high-quality products and services reach customers.
Certified Reference Materials Market Outlook to 2030
The global certified reference materials market is valued at $1.08 billion in 2022. The market is poised to register a 5.75% growth rate, compounded annually between 2023 and 2030.
Certified reference materials provide wide benefits to companies including assistance in streamlining the internal processes of companies, ease of scale-up of operations, opportunities in domestic and export markets, and other benefits, supporting their widespread adoption across industries.
In particular, certified Reference Materials (CRMs) for testing applications include forensic and clinical toxicology analysis, diagnostic testing, therapeutic drug monitoring, Cannabis testing, environmental analysis, pharmaceutical research, and food & beverage testing.
The chart below provides the market size outlook of certified reference materials from 2021 to 2030-
Certified Reference Materials Market Trends- New product launches observed among key growth strategies
Amidst the widening applications of certified reference materials, several companies and laboratories are launching new products for specific applications. The Certified Reference materials play a key role in the analytical testing workflow. Establishing the accuracy, consistency, stability, homogeneity, purity, and other parameters is vital across the analytical standards industry.
As certified reference materials can be readily used as accessible measurement standards by laboratories to ensure the accuracy of their outputs, the demand for new certified reference materials remains robust. Honeywell, LGC Corp, Merck, and others are significantly introducing new certified reference materials. As establishing and maintaining traceability is critical across applications, the new product launches will support the robust market outlook for certified reference materials.
Certified Reference Materials Market Drivers- Stringent regulatory norms in pharmaceutical applications
Certified reference materials provide a benchmark for analytical laboratories across industries for ensuring the highest level of accuracy, certainty, and traceability of products. To ensure the quality and metrological traceability of products in pharmaceutical applications, increased adoption of CRMs is widely observed.
A wide range of pharmaceutical uses including pharmaceutical primary and secondary standards, impurity standards, extractables and leachables, elemental impurity standards, microbiological standards, physical properties standards, phytochemical standards, and others are gaining business growth.
Merck KGAA, Agilent, Simpsonpharma, LGC Standards Company, NIST Standard Reference Material, Starna Scientific, and others are investing significantly in developing certified reference materials.
Certified Reference Materials Company Analysis
Government and Private Laboratories, Universities and Scientific Research Centers, Companies, and others operate in the industry. The report analyzes the leading players in the industry including Merck Group, Paragon Scientific Limited, Fluxana GmbH & Co. KG, Starna Scientific Ltd, Hellma GmbH & Co. KG, Phenomenex Inc, Agilent Technologies Inc, and others.
Certified Reference Materials Market Segmentation
Types
Application
End-User
Companies
Regions
1. Executive Summary
1.1 Introduction to Certified Reference Materials Markets
1.2 Certified Reference Materials Market Size Outlook, 2021- 2030
1.3 Growth Opportunities in Certified Reference Materials Industry
1.4 Winning Strategies for the post-pandemic future
2. Report Guide
2.1 Market Definition and Scope
2.2 Market Segmentation
2.3 Research Methodology
2.4 Forecast Methodology
2.5 List of Abbreviations
3. Growth Opportunity Analysis
3.1 Key Certified Reference Materials Market Trends
3.1.1 Increasing volume of new product launches
3.1.2 Consumer awareness of safety in Food and Beverage products
3.1.3 Focus on emerging countries
3.2 Key Certified Reference Materials Market Growth Drivers
3.2.1 Stringent Regulations in pharmaceutical applications
3.2.2 Increasing emphasis on environment pollution monitoring
3.3 Key Certified Reference Materials Market Growth Restraints
3.3.1 Shortage of skilled professional
3.3.2 High costs of products
4 Certified Reference Materials Market Outlook – Scenario Analysis
4.1 Low Growth Case Scenario Forecasts: Certified Reference Materials Market Size Outlook to 2030
4.2 Reference Growth Case Scenario Forecasts: Certified Reference Materials Market Size Outlook to 2030
4.3 High Growth Case Scenario Forecasts: Certified Reference Materials Market Size Outlook to 2030
5. Certified Reference Materials Market Segmentation- Outlook by Type
5.1 Certified Reference Materials Market Share Analysis by Type, 2023
5.2 Organic Certified Reference Materials Market Outlook to 2030
5.3 Inorganic Certified Reference Materials Market Outlook to 2030
6. Certified Reference Materials Market Segmentation- Outlook by Application
6.1 Certified Reference Materials Market Share Analysis by Application, 2023
6.2 Environmental: Certified Reference Materials Market Outlook to 2030
6.3 Food and Beverages: Certified Reference Materials Market Outlook to 2030
6.4 Pharmaceuticals: Certified Reference Materials Market Outlook to 2030
6.5 Petrochemicals: Certified Reference Materials Market Outlook to 2030
6.6 Forensics: Certified Reference Materials Market Outlook to 2030
6.7 Others
7. Certified Reference Materials Market Segmentation- Outlook by End-User Industry
7.1 Certified Reference Materials Market Share Analysis by End-User, 2023
7.2 Government and Private Laboratories: Certified Reference Materials Market Outlook to 2030
7.3 Companies: Certified Reference Materials Market Outlook to 2030
7.4 Research Centers: Certified Reference Materials Market Outlook to 2030
7.5 Others
8. North America Certified Reference Materials Market Outlook and Opportunities to 2030
8.1 Market Snapshot, 2023
8.2 North America Certified Reference Materials Market Growth Opportunities
8.2.1 North America Certified Reference Materials Market Outlook by Type, 2021 to 2030
8.2.2 North America Certified Reference Materials Market Outlook by Application, 2021 to 2030
8.2.3 North America Certified Reference Materials Market Outlook by Country, 2021 to 2030
8.3 United States Certified Reference Materials Market Outlook, 2021 to 2030
8.4 Canada Certified Reference Materials Market Outlook, 2021 to 2030
8.5 Mexico Certified Reference Materials Market Outlook, 2021 to 2030
9. Europe Certified Reference Materials Market Outlook and Opportunities to 2030
9.1 Market Snapshot, 2023
9.2 Europe Certified Reference Materials Market Growth Opportunities
9.2.1 Europe Certified Reference Materials Market Outlook by Type, 2021 to 2030
9.2.2 Europe Certified Reference Materials Market Outlook by Application, 2021 to 2030
9.2.3 Europe Certified Reference Materials Market Outlook by Country, 2021 to 2030
9.3 Germany Certified Reference Materials Market Outlook, 2021 to 2030
9.4 France Certified Reference Materials Market Outlook, 2021 to 2030
9.5 United Kingdom Certified Reference Materials Market Outlook, 2021 to 2030
9.6 Spain Certified Reference Materials Market Outlook, 2021 to 2030
9.7 Italy Certified Reference Materials Market Outlook, 2021 to 2030
9.8 Other Europe Certified Reference Materials Market Outlook, 2021 to 2030
10. Asia Pacific Certified Reference Materials Market Outlook and Opportunities to 2030
10.1 Market Snapshot, 2023
10.2 Asia Pacific Certified Reference Materials Market Growth Opportunities
10.2.1 Asia Pacific Certified Reference Materials Market Outlook by Type, 2021 to 2030
10.2.2 Asia Pacific Certified Reference Materials Market Outlook by Application, 2021 to 2030
10.2.3 Asia Pacific Certified Reference Materials Market Outlook by Country, 2021 to 2030
10.3 China Certified Reference Materials Market Outlook, 2021 to 2030
10.4 Japan Certified Reference Materials Market Outlook, 2021 to 2030
10.5 India Certified Reference Materials Market Outlook, 2021 to 2030
10.6 South Korea Certified Reference Materials Market Outlook, 2021 to 2030
10.7 Indonesia Certified Reference Materials Market Outlook, 2021 to 2030
10.8 Other Asia Pacific Certified Reference Materials Market Outlook, 2021 to 2030
11. South and Central America Certified Reference Materials Market Outlook and Opportunities to 2030
11.1 Market Snapshot, 2023
11.2 South and Central America Certified Reference Materials Market Growth Opportunities
11.2.1 South and Central America Certified Reference Materials Market Outlook by Type, 2021 to 2030
11.2.2 South and Central America Certified Reference Materials Market Outlook by Application, 2021 to 2030
11.2.3 South and Central America Certified Reference Materials Market Outlook by Country, 2021 to 2030
11.3 Brazil Certified Reference Materials Market Outlook, 2021 to 2030
11.4 Argentina Certified Reference Materials Market Outlook, 2021 to 2030
11.5 Other Latin America Certified Reference Materials Market Outlook, 2021 to 2030
12. Middle East and Africa Certified Reference Materials Market Outlook and Opportunities to 2030
12.1 Market Snapshot, 2023
12.2 Middle East and Africa Certified Reference Materials Market Growth Opportunities
12.2.1 Middle East and Africa Certified Reference Materials Market Outlook by Type, 2021 to 2030
12.2.2 Middle East and Africa Certified Reference Materials Market Outlook by Application, 2021 to 2030
12.2.3 Middle East and Africa Certified Reference Materials Market Outlook by Country, 2021 to 2030
12.3 Saudi Arabia Certified Reference Materials Market Outlook, 2021 to 2030
12.4 United Arab Emirates (the UAE) Certified Reference Materials Market Outlook, 2021 to 2030
12.5 Other Middle East Certified Reference Materials Market Outlook, 2021 to 2030
12.6 Egypt Certified Reference Materials Market Outlook, 2021 to 2030
12.7 South Africa Certified Reference Materials Market Outlook, 2021 to 2030
12.8 Other Africa Certified Reference Materials Market Outlook, 2021 to 2030
13. Profiles of major world Certified Reference Materials Companies
13.1 Merck Group
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.2 Paragon Scientific Limited
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.3 Fluxana GmbH & Co. KG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.4 Starna Scientific Ltd
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.5 Hellma GmbH & Co. KG
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.6 Phenomenex Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
13.7 Agilent Technologies Inc
- Key Statistics
- Business Operations
- Products and Services Offered
- SWOT Analysis
- Financial Profile
14. Appendix
14.1 Publisher’s Expertise
14.2 List of Tables and Charts
14.3 List of Exhibits
14.4 Legal Disclaimer
Types
Application
End-User
Stringent regulatory norms in pharmaceutical applications, New product launches observed among key growth strategies, Consumer awareness towards safety in Food and Beverage products, increasing focus on emerging countries, increasing emphasis on environment pollution monitoring, and others shape the market outlook.
The global certified reference materials market is valued at $1.08 billion in 2022.
The certified reference materials market is poised to register a 5.75% growth rate, compounded annually between 2023 and 2030.
Merck Group, Paragon Scientific Limited, Fluxana GmbH & Co. KG, Starna Scientific Ltd, Hellma GmbH & Co. KG, Phenomenex Inc, and Agilent Technologies Inc
Environmental applications in emerging countries present strong growth prospects for companies and institutes developing certified reference materials.