Material Insights · Understanding the Material World

Reagents and high-purity lab chemicals

High-purity chemicals, solvents, biochemicals and reference standards for laboratories; a $31 billion market led by Merck KGaA, Thermo Fisher and Avantor.

Fine chemicals · Other fine chemicals · No. 104

  • Product family
  • not published (small tonnage; sold in grams to drums)
  • HS 382200
Fine chemicals · Other fine chemicals · Foundation · Matter

In a bottle of lab-grade solvent, the glass, testing and certificate can cost more than the chemical inside.

Chart: Illustration: Reagents and high-purity lab chemicals

Where it comes from

Chart: Map of where it comes from

Most reagents start as ordinary bulk chemicals that are purified, tested lot by lot and packed with a certificate, feeding a market worth $30.87 billion in 2025.

Three things to know
  1. Merck KGaA, Thermo Fisher and Avantor together hold an estimated 22-31% of the market's revenue.
  2. Universities and research institutes are the biggest buyers, accounting for about 33% of demand.
  3. Asia-Pacific is the fastest-growing region at about 5% a year, and China makes up 38.2% of it.
The journey
  1. 1 Commodity chemicalBulk acids, salts and solvents bought in
  2. 2 PurificationDistilled, recrystallised or filtered to 0.2 micron
  3. 3 Lot testingChecked against ACS, pharmacopoeia or ISO standards
  4. 4 PackagingGlass bottles, ampoules or dry-ice cold packs
  5. 5 DistributionCatalogues and distributors reach labs worldwide
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