According to Future Market Insights' new study, the global colorimeter market is expected to be valued at US$ 797.3 Million in 2022 and to grow at a CAGR of 7.5% between 2022 and 2029. Gains continue to be driven primarily by the increasing use of colorimeters in rapidly expanding end-use sectors such as food and beverages, pharmaceuticals, paints and textiles, chemicals, and water utilities.

Colorimeters are devices that detect colour and calculate the concentration of a solution. Colorimeter demand is increasing due to expanding water utilities and food and beverage industries, both of which are major contributors to market growth.

Colorimeters are in high demand for the study of materials such as consumer electronics, vehicles, food, and plastics, where colour is one of the most important parameters. Furthermore, as factors such as global warming and pollution affect the quality of natural content, the need for continuous environmental analysis, which includes water quality and soil component analysis, has increased. As a result, colorimeters are becoming increasingly popular among researchers, scientists, and laboratory experts for testing environmental factors.

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Lucrative Growth Opportunities in North America & East Asia

Regions such as North America & East Asia are anticipated to hold significant share in the colorimeter market in terms of value. In East Asia, China will continue to offer greater opportunities for the colorimeter market players, in the view of rapidly expanding water utilities and food & beverage industries to sustain the needs of growing populace.

Some macroeconomic factors such as increasing contribution of water utilities towards GDP growth, heavy investments in research and development, significant growth of end-use industries, and strong presence of manufacturers in the region are also playing a role in shaping the market for colorimeters. In sequence, the analytical testing instruments manufacturing industry of East Asia is gaining substantial and positive momentum, which is forecasted to drive the growth of the colorimeter market in East Asia.

There are stricter regulations for water utilities for environmental monitoring in North American countries, especially in the US. Therefore, the demand for colorimeters is expected to increase considerably during the forecast period, at a significant CAGR.

Portable Colorimeters to Witness High Demand

In the FMI’s study, the colorimeter market has been analysed across various regions such as North America, Latin America, Europe, Middle East & Africa, East Asia, South Asia, and Oceania, in terms of product, portability, and end use.

In recent years, portable colorimeters are gaining higher traction over their stationary counterparts, though the latter continues to account for greater share in the global market. FMI’s study finds that the sales of color densitometers will remain higher than that of color photometers, due to their increasing usage in the manufacturing of food & beverage and water utility industry.

While increasing application of colorimeters in oil & gas industry continues to influence the growth strategies, manufacturers are tapping into newer opportunities in automotive, pharmaceuticals, food & beverages, paints & textiles, chemical, research & educational institutes, agriculture, water utilities, healthcare, automotive & transportation, and electronics.

Colorimeter Market: Vendor Insights

The report highlights some of the prominent market players that are holding significant shares of the colorimeter market. Some of the prominent players in the global colorimeter market are Thermo Fisher Scientific, Inc., Danaher, Konica Minolta Sensing Americas, Inc., Xylem Inc., Hanna Instruments, and PCE Instruments.

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Global Colorimeter Market by Category

By Product:

• Color Densitometers
• Color Photometers

By Portability:

• Portable 
• Stationary

By End User:

• Pharmaceutical
• Food & Beverage
• Paints & Textile
• Chemical
• Research & Educational Institutes
• Agriculture
• Water Utilities
• Healthcare
• Automotive & Transportation
• Electronics

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)