For as long as chemistry has been studied, analytical chemistry has been around because chemists have had to decide what compound they were studying. Chemists like Justus von Liebig, Robert Bunsen and Gustav Kirchoff have developed methods for recognizing and isolating specific compounds. Analytical chemistry is used in many scientific fields. This can be used to assess how much cholesterol you have in your blood, classify an unknown substance found at a crime scene, or purify the oil you put in your vehicle.
Market Analysis: The global analytical laboratory instrument market is predicted to increase at a compound annual growth rate (CAGR) of 5.2 percent from $87.96 billion in 2020 to $92.55 billion in 2021. The increase is primarily due to companies reorganizing their operations and recovering from the impact of COVID-19, which had previously resulted in restrictive containment measures such as social distancing, remote working, and the closure of commercial activities, all of which created operational challenges. At an annual growth rate of 8%, the market is estimated to reach $123.83 billion in 2025.
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