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Research and Markets: Global Molecular Spectroscopy (NMR, UV-Vis, Infrared, Colorimetry, NIR, Raman) Market 2014-2018DUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/lhn3sq/global_molecular) has announced the addition of the "Global Molecular Spectroscopy Market 2014-2018" report to their offering. The Global Molecular Spectroscopy market to grow at a CAGR of 8.7% over the period 2013-2018 Molecular spectroscopy is a technique that is used to analyze the elements or compounds found in substances. This analysis is conducted with the help of spectral instruments by measuring the radiation intensity as a function of the wavelength. The spectral instruments used in molecular spectroscopy are referred to as spectrometers or spectral analyzers. It can be used to determine the mass, structure, and composition of the substance under consideration. Molecular spectroscopy analyzes the substances in the most effective way and produces accurate results. These results are helpful in yielding technological innovations in various areas such as pharmaceutical research, scientific research in biotechnology and life sciences, and industrial processes that include automotive, semiconductor, and metal mining applications. One major trend in the market is the changing from sngle molecular to macromolecular spectroscopy. The macromolecular spectroscopy uses the latest technologies and sophisticated molecular spectroscopy instruments, thereby raising the growth of the market. According to the report, one of the major drivers of the market is the increase in use of hyper-sophisticated equipment in the food and beverages industry. The ongoing innovations in biotechnology, chemicals, metals, and semiconductor application areas are increasingly making use of molecular spectroscopy techniques for the analysis of substances. Further, the report states that high maintenance costs are one of the major challenges faced by the market. The maintenance cost of spectrometers is 10-20 percent of the actual cost, annually. The maintenance costs of devices are high as these devices experience changes in temperature and pressure, and undergo mechanical stress and optical decay. To calculate the market size, the report considers revenue generated in the Global Molecular Spectroscopy market from the following major segments:
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