Global Certified Reference Materials (CRMs) Market is expected to grow at a CAGR of 6.8% during the forecasting period (2020-2027).

The global certified reference market valued US$ 1,190.32 million in 2019 and is estimated to reach US$ YY million by 2027, growing at a CAGR of 6.8% during the forecast period.

Certified Reference Materials (CRMs) are the standards used to check the quality and metrological traceability of a given product, coupled with validation of analytical measurement methods or instrument calibration.The reference materials have essential for the analysis of analytical chemistry and clinical analysis. Since most analytical instrumentations are comparative, it requires a sample of known composition (reference material) for accurate calibration Thus the market growth majorly attributable to the growing demand for certified reference materials in various end-users such as Government Labs, Private Laboratories, QC Labs Of Food Companies, Universities And Scientific Researches Centre, Mass Spectrometer Manufacturing Companies, and Others. Universities and scientific researches centers are among the major end-users of analytical standards, and they shared market by revenue of 3.8% in 2019.

Environmental analysis holds the topmost position as the largest application segment of the Certified Reference Materials market. The segment had build revenue of 6.2 % in 2019

By geography, North America has built the largest market share in the global certified reference materials (CRM) market. The significant growth of the market in the region is due to the improving adoption of high analytical technologies among major end-users such as food testing labs, environmental pollution monitoring laboratories, drug testing laboratories, and forensic laboratories. The market in the region valued US$ 455.18million in 2019.

Market Dynamics

Drivers

• Increasing use of pesticides for crop protection and its growing side effects on the population
• Improving analytic chemistry applications, including in forensic science, clinical analysis, environmental analysis, and materials analysis

Restraints

• Lack of financial resources restrict the comprehensive use of available CRMs

Increasing use of pesticides for crop protection and its growing side effects on the population

Pesticides are used to protect crops from fungi, weeds, insects and other pests and are also used to protect public health by controlling vectors of tropical diseases such as mosquitoes to their use in agriculture. According to the studies, pesticides protect around one-third of total agricultural products worldwide. Over 1 billion pounds of pesticides are used in U.S. in 2019, and over 5.6 billion pounds are used worldwide. Many developed countries have minimal or non-existent exposure management systems. However, it is predicted that global pesticide use will rise to 3.5 million tons by 2020. Because of their bio-magnification and persistence, pesticides may have significant implications when used extensively. Pesticides have poisoned the air, water, soil and overall environment, posing a significant health risk to all living things.The increasing use of pesticides in different crops and its associated health risk has encouraged the government to built strict policies towards excessive use of pesticides and made regular crop laboratory testing using certified reference material across various developed region of the globe, thereby improving the demand for CRM in the recent and forecast period

For instance, on 18th June 2018, ERM-BC403, the first certified reference material (CRM) for the study of fifteen pesticide residues in cucumber, was published by the JRC to help control laboratories with quality assurance. It would also ensure that measurement outcomes are comparable, thus promoting the European single market and trade

Geographical Analysis

The Europe certified reference market reached US$ 296.99 Million in 2019 and is projected to reach US$ YY Million by 2027, growing with a CAGR of 4.7% from 2020 to 2027

Food safety concerns such as contaminants, residues, pesticides and natural toxins in the food chain are gaining attention in the region. To ensure compliance with residue levels of pesticides and to assess the exposure to pesticide residues in food of animal and plant origin, the European Union has established Multiannual Control Programmes for Pesticide Residues run within the EU and EFTA. The Joint Research Centre working under European Commission is one of the significant producers of reference materials that meet the needs of European policy in emerging areas such as biotechnology, nanotechnology and personalized medicine. JRC provides over 760 reference materials and distributes around 20,000 units per year to testing laboratories. European Committee has also published standards to reduce emissions from burning fuel, such as EN 590 standards was regulated for describing the physical properties of automotive diesel fuel sold in the European Union. Certified reference materials are preferred to meet the requirements using analytical methods with reliable measurement results. In 2018, Joint Research Centre developed two new certified reference materials ERM-EF003 and ERM-EF004, for automotive diesel fuel containing 7% biodiesel, supporting fuel testing laboratories in assuring the quality of the measurements Leading market players such as Sigma Aldrich and LGC Limited have developed a new line of products named ERM for Environmental, Food and Clinical sectors satisfying the benchmark set by the European Commission. These products are ISO Guide 34/ISO 17034, ISO Guide 31, ISO Guide 35 certified for ensuring quality reliability and comparability of the results of chemical analysis. The spread of corona virus has highly impacted Europe. The region has reported approximately 147 million cases of Covid-19, including 3 million deaths in 2020. Leading companies in the region have been working with higher production to provide reference materials amid the pandemic. For instance, SeraCare Life Sciences expanded its production of novel Covid-19 reference materials in 2020 for providing higher stocks to diagnostic manufacturers. Also, the company, in collaboration with several diagnostic manufacturers, have expanded its Covid-19 reference materials portfolio with development of molecular reference materials utilizing their proprietary recombinant technology to support evaluation and validation of molecular test methods directed to 2019-nCoVØIn 2020, The JRC developed 2 reference materials EURM-017 and EURM-018, consist of natural antibodies against SARS-CoV-2 in a human serum background. The products can also be used as quality control materials for various SARS-CoV-2 antibody tests. The region has been making high investments in Nuclear safety and security. EU has already set up a system of nuclear safeguards under the Euratom Treaty managed by the European Commission's Directorate-General for Energy. Also, In November 2018, the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety developed the new reference method DIN EN 16516 for formaldehyde emission from coated and uncoated wood-based materials under the Chemicals Prohibition Ordinance. 

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