Global XRF Market Growth 2023-2029

Global XRF Market Growth 2023-2029

XRF (X-ray fluorescence) is a non-destructive analytical technique used to determine the elemental composition of materials. XRF analyzers determine the chemistry of a sample by measuring the fluorescent (or secondary) X-ray emitted from a sample when it is excited by a primary X-ray source.

LPI (LP Information)' newest research report, the “XRF Industry Forecast” looks at past sales and reviews total world XRF sales in 2022, providing a comprehensive analysis by region and market sector of projected XRF sales for 2023 through 2029. With XRF sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world XRF industry.

This Insight Report provides a comprehensive analysis of the global XRF landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on XRF portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global XRF market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for XRF and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global XRF.

The global XRF market size is projected to grow from US$ 879.4 million in 2022 to US$ 1471.9 million in 2029; it is expected to grow at a CAGR of 1471.9 from 2023 to 2029.

Global key players of XRF include AMETEK, Thermo Fisher, Bruker, Rigaku, Shimadzu, etc. The top five players hold a share over 46%. Asia-Pacific is the largest market, has a share about 46%, followed by North America and Europe, with share 26% and 24%, separately. In terms of product type, Energy Dispersive (EDXRF) is the largest segment, occupied for a share of 71%, and in terms of application, Mining Industry has a share about 25 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of XRF market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Energy Dispersive (EDXRF)
Wavelength Dispersive (WDXRF)

Segmentation by application
Mining Industry
Cement
Food & Pharmaceutical
Environmental
Petroleum & Chemicals
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
AMETEK
Thermo Fisher
Bruker
Rigaku
Shimadzu
Olympus Corporation
Skyray
HORIBA
Hitachi High-tech
Malvern Panalytical
Focused Photonics
BSI
Shanghai Jingpu Science & Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global XRF market?

What factors are driving XRF market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do XRF market opportunities vary by end market size?

How does XRF break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.