How big is the Laboratory Chemicals Market | Growth & Size Insights 2025

Code: MTA7297 Publication Date: Aug 2025

What is the size of Laboratory Chemicals Market?

According to 6Wresearch internal database and industry insights, Global Laboratory Chemicals Market was valued at USD 18 Billion in 2024 and is projected to reach USD 29.5 Billion by 2031, growing at a compound annual growth rate of 6.80% during the forecast period of 2025–2031.

The market is experiencing steady growth due to rising investments in pharmaceutical R&D, increasing academic research activities, and a growing number of diagnostic laboratories. Expansion of industries such as biotechnology, environmental testing, and forensic science are significantly contributing to market demand.

Major Growth Factors of the Laboratory Chemicals Market

  • Growing pharmaceutical and biotech R&D investments
  • Increasing academic and institutional research
  • Expansion of clinical diagnostic laboratories
  • Rising demand for high-purity reagents
  • Growing environmental and food safety testing
  • Regulatory mandates and compliance requirements
  • Advancements in molecular biology and genetic testing
  • Technological innovations in chemical synthesis and analysis

Laboratory Chemicals Market Trends

The Laboratory Chemicals Market is seeing a shift towards high-grade analytical reagents and biochemicals to support precision testing and molecular diagnostics. Vendors are focusing on supplying tailored chemical kits, automation-compatible reagents, and eco-friendly formulations. There is also a growing interest in digital chemical inventory management and real-time tracking systems to enhance lab efficiency and compliance.

Emerging Developments in the Laboratory Chemicals Market

The laboratory chemicals market is evolving with the development of smart packaging and RFID-enabled labeling for better inventory control. Companies are increasingly investing in green chemistry practices, including biodegradable solvents and sustainable sourcing. Collaborations between chemical suppliers and biotech firms are leading to innovations in assay development and lab workflow optimization.

List of Leading Companies in the Laboratory Chemicals Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. Merck KGaA

Company NameMerck KGaA
Established Year1668
HeadquartersDarmstadt, Germany
Official WebsiteClick Here

Global leader offering a wide range of laboratory chemicals, reagents, and high-purity materials.

2. Thermo Fisher Scientific Inc.

Company NameThermo Fisher Scientific Inc.
Established Year2006 (merger)
HeadquartersWaltham, Massachusetts, United States
Official WebsiteClick Here

Provides chemicals and reagents for research, diagnostics, and industrial applications worldwide.

3. Avantor, Inc.

Company NameAvantor, Inc.
Established Year1904
HeadquartersRadnor, Pennsylvania, United States
Official WebsiteClick Here

Specializes in ultra-high-purity laboratory chemicals and biopharma-grade reagents.

4. Lonza Group AG

Company NameLonza Group AG
Established Year1897
HeadquartersBasel, Switzerland
Official WebsiteClick Here

Produces specialty chemicals and bioscience products for pharmaceutical and lab use.

5. Honeywell Research Chemicals

Company NameHoneywell Research Chemicals
Established Year1885
HeadquartersCharlotte, North Carolina, United States
Official WebsiteClick Here

Offers a wide portfolio of solvents, acids, salts, and reagents for laboratory applications.

6. BD (Becton, Dickinson and Company)

Company NameBD (Becton, Dickinson and Company)
Established Year1897
HeadquartersFranklin Lakes, New Jersey, United States
Official WebsiteClick Here

Known for diagnostic products and laboratory chemicals supporting clinical and research labs.

7. GE Healthcare Life Sciences (now Cytiva)

Company NameGE Healthcare Life Sciences (now Cytiva)
Established YearSpun off from GE in 2020
HeadquartersMarlborough, Massachusetts, United States
Official WebsiteClick Here

Supplies high-quality lab reagents and tools for bioprocessing and genomics.

8. Waters Corporation

Company NameWaters Corporation
Established Year1958
HeadquartersMilford, Massachusetts, United States
Official WebsiteClick Here

Provides chromatography-grade chemicals and analytical reagents for laboratories.

9. Fisher Scientific UK

Company NameFisher Scientific UK
Established Year1925
HeadquartersLoughborough, United Kingdom
Official WebsiteClick Here

Distributor of laboratory chemicals, consumables, and analytical reagents across Europe.

10. SRL (Sisco Research Laboratories Pvt. Ltd.)

Company NameSRL (Sisco Research Laboratories Pvt. Ltd.)
Established Year1975
HeadquartersMumbai, India
Official WebsiteClick Here

Leading Indian manufacturer and exporter of laboratory chemicals, biochemicals, and reagents.

How big is the Laboratory Chemicals Market : FAQs

The Laboratory Chemicals Market was expected to be valued at approximately USD 18 billion in 2025 and reach around USD 29.5 billion by 2031.
The laboratory chemicals market is projected to grow at a CAGR of 6.80% during the forecast period.
Key trends include demand for high-purity and eco-friendly reagents, rise in custom chemical kits, and digitization of lab supply chain management.
The laboratory chemicals market is driven by expanding R&D in life sciences, growth of diagnostic labs, environmental testing mandates, and innovations in chemical manufacturing.
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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