Global Thermogravimetric Analyzer Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Dynamic Thermogravimetric Analyzer, and Static Thermogravimetric Analyzer

By Application;

Material Science, Polymer Analysis, Pharmaceuticals, Food & Beverage, Environmental, and Others

By End Use;

Research Laboratories, Industrial, Academic Institutions, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn753113714 Published Date: May, 2025 Updated Date: June, 2025

Thermogravimetric Analyzer Market Overview

Thermogravimetric Analyzer Market (USD Million)

Thermogravimetric Analyzer Market was valued at USD 115.85 million in the year 2024. The size of this market is expected to increase to USD 157.66 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.


Global Thermogravimetric Analyzer Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 4.5 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.5 %
Market Size (2024)USD 115.85 Million
Market Size (2031)USD 157.66 Million
Market ConcentrationHigh
Report Pages373
115.85
2024
157.66
2031

Major Players

  • Netzsch
  • METTLER TOLEDO
  • SETARAM
  • Hitachi High Technology
  • PerkinElmer
  • Rigaku Corporation
  • Linseis Thermal Analysis
  • Shimadzu
  • Nanjing Dazhan
  • TA Instruments

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Thermogravimetric Analyzer Market

Fragmented - Highly competitive market without dominant players


The Thermogravimetric Analyzer (TGA) Market is gaining traction due to the increasing demand for precise material characterization across various industries. TGAs provide critical data on thermal stability, decomposition, and compositional analysis. Over 52% of advanced manufacturing and research labs now rely on thermogravimetric analyzers to enhance quality control and material innovation. The rise in thermal analysis applications in sectors like polymers, pharmaceuticals, and composites is driving market interest.

Industrial Application Expansion
An increasing number of industries are utilizing TGAs for process optimization and compliance validation. Over 41% of TGA demand comes from the pharmaceutical and chemical sectors, reflecting their reliance on accurate thermal profiling. Moreover, the integration of TGA systems with other analytical tools has significantly improved lab efficiency, enabling a holistic understanding of material properties. This multifunctionality enhances the analyzers' value across research and quality assurance domains.

Technological Advancements and Innovation
Continuous advancements in software integration, miniaturization, and multi-sample processing are transforming TGAs into more automated and user-friendly tools. Approximately 38% of TGA manufacturers are focusing on improving data accuracy and instrument sensitivity. These enhancements not only reduce error margins but also widen the scope of application in emerging fields like biodegradable materials and nanotechnology.

Regulatory Compliance and Quality Assurance
Regulatory frameworks across industries increasingly mandate thermal degradation data and stability testing, pushing companies toward more frequent use of TGAs. Over 45% of end-users highlight regulatory compliance as a primary driver for TGA adoption. These systems are essential in ensuring consistency in manufacturing and meeting safety standards, particularly in high-stakes industries such as aerospace and pharmaceuticals.

Future Outlook and Investment Trends
The market is poised for steady growth, supported by rising investments in R&D and material science. The shift toward green materials, recycling, and bio-based composites further underscores the strategic importance of TGAs in future scientific developments. Their expanding role in academia, industry, and regulatory labs reinforces long-term growth prospects.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By End Use
    4. Market Snapshot, By Region
  4. Thermogravimetric Analyzer Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing material complexity
        2. Demand for high-quality data
        3. Advancements in TGA technology
      2. Restraints
        1. High Initial Investment Costs
        2. Complexity in Operation and Maintenance
        3. Limited Awareness in Emerging Markets
        4. Competition from Alternative Analytical Techniques
      3. Opportunities
        1. Rapid pace of technological advancements

        2. Strong expansion across emerging markets

        3. Growing investments in R&D initiatives

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Thermogravimetric Analyzer Market, By Product Type, 2021 - 2031 (USD Million)
      1. Dynamic Thermogravimetric Analyzer
      2. Static Thermogravimetric Analyzer
    2. Thermogravimetric Analyzer Market, By Application, 2021 - 2031 (USD Million)
      1. Material Science
      2. Polymer Analysis
      3. Pharmaceuticals
      4. Food and Beverage
      5. Environmental
      6. Others
    3. Thermogravimetric Analyzer Market, By End Use, 2021 - 2031 (USD Million)
      1. Research Applications
      2. Laboratory Applications
      3. Others
    4. Thermogravimetric Analyzer Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN(Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Netzsch
      2. METTLER TOLEDO
      3. SETARAM
      4. Hitachi High Technology
      5. PerkinElmer
      6. Rigaku Corporation
      7. Linseis Thermal Analysis
      8. Shimadzu
      9. Nanjing Dazhan
      10. TA Instruments
  7. Analyst Views
  8. Future Outlook of the Market