Immersion Oil Market – Snapshot
Immersion oils are pellucid oils that have specific optical and viscosity characteristics compatible for usage in microscopy. Immersion oils have a refractive index closer to that of glass, and they do not refract the beams of light being focused on the item being examined. Consequently, all light beams are focused onto the object to be examined, as opposed to light beams going through air and being scattered, thus hampering the quality of the analysis. Using immersion oils results in higher brightness at high magnification and high image resolution. The global immersion oil market is expected to expand at a significant rate driven by increase in demand for innovation in the field of science. The immersion oil market was valued at about US$ 55 Mn in 2016 and is projected to expand at a CAGR of more than 5% during the forecast period.
Factors such as improvements in sample labelling, contrast, illumination, resolution, signal detection, and data processing have occurred at all stages of microscopy experiments, which are driving the demand for immersion oil. The discovery of blood cells in the human body opened the doors for advanced studies in cell biology.
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Discovery of genes involved in human development through microscopes is a clear demonstration of the importance of microscopes in life sciences. Rise in demand for microscopes is expected to boost the demand for immersion oil. Increase in innovation of microscopes has had a significant impact on the global immersion oil market. However, less number of research studies on immersion oil and no new innovation in magnification techniques are also restraining the immersion oil market.
Key players in the immersion oil market need to focus on the promotion of immersion oil, as the market is very small and the key players operating in this market are also less. Nanotechnology can boost the immersion oil market owing to the increase in research and development activities on nano-sized products.
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Major players operating in the immersion oil market have adopted mergers and acquisitions as their key strategy to expand their network and boost their investments. For instance, in 2016, Honeywell International Inc. acquired Xtralis, a leading company that operates in the field of early fire and intrusion detection technologies. The acquisition fits perfectly with Honeywell’s technology innovation and leadership and helped expand its product portfolio. Launching new products and facilities is likely to be the long-term strategy of immersion oil manufacturers. For example, Cargille Laboratories, Inc. launched a whole new series of Cargille Meltmount for microscopy and optical coupling. These are specially formulated for optical-quality thermoplastics for usage in microscope slide mounting and in other optical coupling applications. The company developed its new line of Sub-Lux Gels, which are profoundly black gels and are designed to eliminate back reflection when paired with glasses of similar refractive index. Flinn Scientific Inc. launched Flinn Advanced Compound Microscopes that deliver high-quality optics, which is considered the best for advanced biological science courses and includes easy-to-use software. Thermo Fisher Scientific developed the Thermo Scientific Richard-Allan Scientific Resolve Immersion Oil that contains no PCBs. It is a clear, colorless oil that allows light transmission throughout most of the UV-VIS spectrum
Immersion oil is utilized in optical microscopes in order to obtain a clear picture of the object. A few decades ago, paraffin oil was mostly used in optical microscopes; however, this oil has various drawbacks, such as it hardens with time, it turns yellow with age, which is not desirable for usage in microscopes. The surface of the microscopic glass has to be clean and clear for accurate observations. Subsequently, after various trials, paraffin oil was replaced by cedar wood oils, which offered a clear image and has a long-term effect than paraffin oil. Cedar wood oil is made of wood, roots, and stumps, which are leftovers of felled trees of timber. However, after a period of time, the usage of cedar wood also resulted in the same drawback. This led to cedar wood oil being replaced by synthetic oil, which offered various advantages over other oils. It does not turn yellow with age and is also temperature resistant, which is highly useful for elevated temperatures. Castor oil has also been gaining popularity for microscopic use in recent years, as it offers various advantages over other oils.
In terms of region, North America and Europe are key markets for immersion oil. Asia Pacific was recorded to be the rapidly expanding region for . Asia Pacific is a key market for immersion oil owing to strong research and development activities in Japan, China, South Korea, and India. Japan is a key market for immersion oil in Asia Pacific due to the high expenditure on R&D activities in the country.
Key players operating in the optical microscope immersion oil market include Cargille Labs, EMD Millipore Corporation, Flinn Scientific, Thermo Fisher Scientific, Azzota Corporation, Nikon Instruments INC., Honeywell International Inc., Leica Microsystems, Olympus Corporation, and Idemitsu Kosan Co., Ltd.
