Chemical Sensors Market Volume Analysis, Segments, Value Share and Key Trends 2018-2028
Development of high-performance nanomaterial-based chemical sensors is expected to open a myriad of opportunities for manufacturers in the chemical sensors market.
[ClickPress, Fri Sep 20 2019] Chemical sensors are devices which combine the capability of special recognition element and transducers to detect the presence of specific chemical compounds referred to as analyte. The recognition element is sensitive to the presence of specific chemical compounds which is converted into a measurable signal by the transducer with the value of the generated signal directly proportional to the concentration of the analyte.
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Chemical sensors can be broadly classified into gas, electrochemical, and other types. Advancements in technology and intensifying research in chemical production and processing are bolstering widespread adoption of chemicals in an assortment of industries such as food, biomedical, pharmaceuticals, industrial safety, environmental protection, and security.
Manufacturers operating in the Chemical Sensors Market are increasingly leveraging nanotechnology to substantially reduce the size of the devices on the back of increasing demand for portable sensing devices in end-user industries. Electrochemical sensors which exhibit luminescence changes when coming into contact with specific chemical molecules are increasingly finding usage in the production of nanomaterial-based chemical sensors owing to their compatibility with standalone optical readers with wireless communication capabilities.
Additionally, high-sensitivity, lower response time, and real-time monitoring capabilities of nanomaterial-based chemical sensors are likely to create a surge in the demand for the devices in pharmaceuticals, food and beverages, aeronautics, and healthcare. Development of high-performance nanomaterial-based chemical sensors is expected to open a myriad of opportunities for manufacturers in the chemical sensors market.
Chemical Sensors to Find Extensive Adoption in Tech-based Biomedical Applications
Evolving healthcare industry and consumer demand are creating a surge in the demand for sensing devices which can efficiently monitor human vital signs. In addition, the healthcare industry is continuously focusing on improving the diagnostics abilities for early detection of ailments and effective treatment development. These factors are expected to drive the uptake of chemical sensors in biomedical applications with technology giants increasingly investing in the development of wearable and ingestible devices which can be used for monitoring human health statistics. For instance, Apple launched its smartwatch with heart rate measuring capabilities and used photodiodes for the same.
Additionally, the development of ingestible chemical sensors is also gaining traction for tracking the development of ulcers, cancers, and other gastrointestinal problems. Owing to the high sensitivity exhibited by chemical sensors they can potentially find usage in the detection of small traces of different compounds in bodily fluids such as blood, saliva, and sweat. These factors are expected to bolster chemical sensors market growth in biomedical applications.
Development of Innovative Chemical Sensors to Underpin Market Proliferation
Companies in the chemical sensors market continue to invest in innovation to enhance the performance and efficiency of sensing devices to meet the diverse needs of the various end-use industries. Research towards utilization of two-dimensional materials in chemical sensing devices is gradually gaining pace. The high surface area to volume ratio of these materials in addition to their superior surface sensitivity to different chemicals in the environment are the key benefits which manufacturers are looking to capitalize on. Furthermore, two-dimensional materials can potentially be modified to sense various gaseous, ionic, and biomolecular chemical compounds.
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Increasing instances of international terrorist organizations using chemical warfare weapons for mass destruction is creating a surge in the demand for chemical sensors in defense applications. Chemical weapons are easy to acquire, produce, handle, and spread which is a vital factor that the problem is gaining significant prominence in the context of safety and security. Administrations around the world are heavily investing in the development of instrumentation that can potentially increase the selectivity of the chemical sensors and minimize the impact of cross-interference to improve the accuracy of the devices. The factor is estimated to propel chemical sensors market growth.
Chemical Sensors Market – Competitive Landscape
Leveraging advancements in nanotechnology Vaporsens, a leading player operating in the chemical sensor market, joined hands with the Utah Department of Environmental Quality in 2018 for the development of a network of nanofiber chemical sensors to monitor the concentration of toxins in the air in real time.
To capitalize on the growing demand for chemical sensors in healthcare diagnostics, JMR Innovation GmbH developed a prototype named SniffPhone, a portable device which uses nanotechnology-based chemical sensors to detect gastric cancer in a patient from their exhaled breath.
Burgeoning demand for chemical sensors in the food processing industry is creating lucrative opportunities for manufacturers in the chemical sensors market. Banking on the trend, iSense LLC is in the midst of manufacturing a portable optoelectronic nose which will be using chemical sensors for monitoring freshness of meat products and helping in the identification of fraudulent whiskeys.
Intensifying innovations in the chemical sensors market continue to accelerate with REDFINCH, an association of eight European research institutes, announcing the development of high-performance and cost-effective chemical sensors using silicon mid-infrared photonic integrated circuits.
Other leading players operating in the chemical sensors market include Spec Sensors, Design West Technologies, Innovative Sensor Technology IST AG, Bioinspira, Inc., Spec Sensors, and Dioxide Materials.
The Middle East and Africa region has a well-established oil and natural gas industry, which is growing moderately, and the chemical industry in the region has also been registering a moderate growth rate. The growth of these industries is expected to drive the market for chemical sensors in the near future. Europe, with growing chemical and pharmaceutical industries, is expected to boost the sales of chemical sensors. North America holds a 5% share in the global population and is expected to create a platform for the sales of chemical sensors used for household purposes. The growth of chemical and pharmaceutical industries in the North America region is also expected to aid the market growth of chemical sensors.
India and China have registered remarkable growth in chemical and pharmaceutical industries in the recent years, which in turn is driving the market growth of chemical sensors. The Latin America region is expected to witness significant growth in the sales of chemical sensors, owing to the moderately growing chemical industry in the region. Further, the region’s oil and natural gas industry has good scope for growth in the near future, which will drive the market growth of chemical sensors.
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