Global Market Insights Add New 2019-2025 Global Immersion Oil Market Report to its research database presenting an informative study covering the market with detailed analysis. The Global Immersion Oil Market research report is a professional and in-depth study on the current state of global Industry.
Asia Pacific is likely to have significant growth in the immersion oil market in the upcoming years due to increasing research and development activities in the region. Major countries including China, Japan, India, South Korea, etc. are engaged in the development of the microscopy science and biotechnology. North America will also be a key region due to well advanced medical and healthcare research facilities. The U.S. government also spends a significant amount of money in the research and development of healthcare facilities due to increasing chronic disease among its population. Europe is also likely to have considerable growth due to presence of large pharmaceutical manufacturers.
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Immersion oil market has been segmented based on type, application, end-user industry and region. On the basis of type, the industry has been classified as paraffinic, synthetic type and cedar wood type. Paraffinic oil has been used in the recent years in the microscope but due to its nondurable nature it is being replaced with other immersion oils. This product will have a considerable share in the overall market in the coming years. Cedar wood type is made of stumps, roots and wood of leftover tree. Synthetic type is durable in nature and retains its color at a longer period of time. Synthetic product types are likely to have a considerable growth in the coming years.
On the basis of application, the immersion oil market has been categorized into microscopic instruments, elevated temperature instruments and automated hematology systems. Microscopic instruments are likely to have significant immersion oil demand in the upcoming years. The product is used in the standard microscopy and fluorescent microscopy instruments. Microscopic instruments utilize this product in order to obtain a clear image of the object under study. Automated hematology systems are also likely to increase product demand as immersion oil is primarily utilized for the smooth operation of these systems.
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Based on end-user industry, the immersion oil market has been categorized into healthcare & life science, pharmaceuticals, educational & research institutions and diagnostic laboratories. Healthcare & life science segment is likely to have substantial product demand in the coming years due to increasing research studies related to human body cells in the field of biology. Rising research activities related to biotechnology will enable the increase in microscope demand, which will further enhance the immersion oil demand in the coming years.
Some of the key market players of immersion oil market, which include Ted Pella, VWR International, ELITechGroup, Nikon Industries, Structure Probe, Honeywell Research Chemicals, Leica Microsystems, Cargille Labs, Biognost, Einstinc and Cole-Parmer India.
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