In accordance with this study, the Global X-Ray Fluorescence Market value registered in 2019 was close to USD XX BN and is predicted to outstretch revenue by USD XX BN in 2019 with a CAGR of XX% during the period of 2020-2026.
X-Ray fluorescence is an instrument used for the chemical examinations of minerals, rocks, sediments, and fluids. It is majorly used for the substance analysis of geological elements or materials. XRF is able to determine the chemistry of a sample by measuring the fluorescent X-ray emitted from the sample and also allows the analysis of irregular shaped samples without the requirement of destructive sample preparation such as grinding, crushing, and cutting. Furthermore, XRF measure gram quantities without cross contamination and thereby, error rate in an XRF result is much lower.
Rising industrialization and urbanization has led to the increase in the construction of buildings and properties. This further led to the growing demand for cement in many countries including the emerging economies such as China and India. Quality check of cement is carried out before its application in order to monitor the quality of the cement. Rising demand for X-ray fluorescence devices from the cement industry for cement quality check positively influences the market growth. Moreover, XRF is a vital research and development tool in metal and construction industries and also enables the development of high quality alloys and cements.
Escalating demand for the X-ray fluorescence by technological innovations in measurement science coupled with the various government initiatives for the execution of X-ray fluorescence (XRF) measures also drives the market growth. However, high installation cost of X-ray fluorescence systems hampers the growth of the market. Various advancements and innovations in X-RAY fluorescent technologies including total-reflection XRF (TXRF) and micro-calorimeters and transition edge sensor (TES) X-ray detectors is anticipated to create ample opportunities for the market in the forecast period. These innovations is expected to overcome the current limitations regarding the cost of setting thereby, providing potential revenue opportunities for the players in the market.
The report has been created by using crucial tools such as Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of X-ray Fluorescence.
The study offers a decisive view of the global X-ray Fluorescence market by segmenting it terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
- Mining & Metals
- Food & Pharmaceutical
This section covers X-ray Fluorescence market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global X-ray Fluorescence market along with the individual application segment across all the prominent region.
Global X-Ray Fluorescence Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global X-ray Fluorescence market are Bourevestnik, Bruker, Bsi, Dfmc, Elvatech, Helmut Fischer, Hitachi, Horiba, Jingpu, Lanscientific, Olympus, and Others.. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
The projections featured in the report have been derived by using primary and secondary research. Secondary research has been carried out by using various sources which include (but not limited to) Corporate Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different trade publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.