Global XRF Market Growth 2025-2031

Global XRF Market Growth 2025-2031

The global XRF market size is predicted to grow from US$ 993 million in 2025 to US$ 1544 million in 2031; it is expected to grow at a CAGR of 7.6% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “XRF Industry Forecast” looks at past sales and reviews total world XRF sales in 2024, providing a comprehensive analysis by region and market sector of projected XRF sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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