XRF technology is widely used for quality control and assurance in industries such as manufacturing, automotive, aerospace, and electronics. Manufacturers rely on XRF to verify the composition of raw materials, components, and finished products, ensuring they meet specifications and regulatory standards. XRF is extensively utilized in the metals and mining industries for ore grade analysis, exploration, and production optimization. It allows miners to quickly determine the composition of ore samples, enabling them to make informed decisions about resource extraction and processing.
In the pharmaceutical industry, XRF is used to verify the elemental composition of drug formulations and analyze the presence of impurities. It also supports research in the medical field, such as studying the distribution of elements in biological tissues.
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Data Bridge Market Research analyses that the Global X-Ray Fluorescence (XRF) Market is expected to grow with a CAGR of 5.5% in the forecast period from 2023 to 2030, and is expected to reach USD 2,921,404.11 thousand by 2030.
Key Findings of the Study
Quick and Rapid Analysis
XRF enables fast analysis of materials, reducing the time required for quality control and assurance processes. Manufacturers can quickly assess the composition of raw materials, components, and finished products, ensuring they meet specifications before they are released into the market. Industries with high sample throughput, such as manufacturing and mining, benefit from XRF's rapid analysis capabilities. The ability to analyze a large number of samples quickly enhances overall productivity and operational efficiency.
In industries such as mining and exploration, where real-time decision-making is crucial, XRF provides instant results. Miners can assess ore grades on the spot, optimizing extraction and processing strategies without delays.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022 (Customizable to 2015-2020)
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Historic Years
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2021
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Type (Energy Dispersive XRF, and Wavelength Dispersive XRF), Modularity (Benchtop, Portable, and Handheld), Sample Type (Solid, Powder, Liquid, and Beads), Component (Hardware, Software, and Services), End User (Metal and Mining Industries, Automotive and Aerospace, Environmental Research, Forensic, Research And Academic Institutes, Pharmaceuticals and Biopharmaceuticals, Cement, Glass and Plastic, Rubber and Textiles, Petrochemical, Oil and Gas, Food, Agriculture, Electronic, Art and Archeology, Cosmetics and Body Care Products, Toys, and Others), Application (Heavy Metal, Precious Metal, Alloy and Stainless Steel Analysis, Plating Thickness, Mineral Analysis, ROHS/WEEE Analysis, PCB, Cement, Mortar Fillers and Raw Meal, Oil Analysis, Waste and Effluent Streams, Food, Pet Food and Other Animal Feed, and Others), Detection Limit (5 Ppm-10 Ppm, and Less Than 5 Ppm), Sales Channel (Direct, and Indirect)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Turkey, Switzerland, Netherlands, Belgium, Rest of Europe, Japan, China, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa
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Market Players Covered
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Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc (U.S.), Bruker (Germany), HORIBA, Ltd. (Japan), Malvern Panalytical Ltd (England), EVIDENT, Rigaku Corporation (Texas), Dandong Aolong Radiative Instrument Group Co., Ltd (China), Hitachi High-Tech Analytical Science (England), Skyray Instruments USA, Inc. (U.S), Hobré Analyzer Solutions (Netherlands), SciAps, Inc. (U.S.), Viken Detection (U.S.), Elvatech Ltd. (Ukraine), LANScientific. (China), FISCHER TECHNOLOGY INC. (U.S), Bourevestnik, and LABOAO (China) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis
The global x-ray fluorescence (XRF) market is segmented into eight notable segments based on type, modularity, sample type, component, end user, application, detection limit, and sales channel.
- On the basis of type, the market is segmented into energy dispersive XRF and wavelength dispersive XRF.
In 2023, the energy dispersive XRF segment of type segment is expected to dominate the market
In 2023, the energy dispersive XRF segment is expected to dominate the market owing to the growing acceptance of X-ray among professionals as they are used in clinical research and healthcare settings to evaluate the impact of medical treatments, interventions, or conditions on patients' health and well-being, energy dispersive XRF segment is expected to dominate the market with a market share of 64.03%.
- On the basis of modularity, the market is segmented into benchtop, portable, and handheld.
In 2023, the benchtop segment of modularity segment is expected to dominate the market
In 2023, the benchtop segment of modularity segment is expected to dominate the market as they move towards the benchtop model of X-ray fluorescence, benchtop segment is expected to dominate the market with a market share of 45.74%.
- On the basis of sample type, the market is segmented into solid, powder, liquid, and beads. In 2023, solid segment is expected to dominate the market due to its increased use in the market, solid segment is expected to dominate the market with a market share of 44.62%.
- On the basis of component, the market is segmented into hardware, software, and services. In 2023, the hardware segment is expected to dominate the market with a market share of 50.12%.
- On the basis of end user, the market is segmented into metal and mining industries, automotive and aerospace, environmental research, forensic, research and academic institutes, pharmaceuticals and biopharmaceuticals, cement, glass and plastic, rubber and textiles, petrochemical, oil and gas, food, agriculture, electronic, art and archeology, cosmetics and body care products, toys, and others. In 2023, the metal and mining industries segment is expected to dominate the market with a share of 14.89%.
- On the basis of application, the market is segmented into heavy metal, precious metal, alloy and stainless steel analysis, plating thickness, mineral analysis, ROHS/WEEE analysis, PCB, cement, mortar fillers and raw meal, oil analysis, waste and effluent streams, food, pet food and other animal feed, and others. In 2023, the heavy metal segment is expected to dominate the market with a share of 21.68%.
- On the basis of detection limit, the market is segmented into 5 ppm-10 ppm, and less than 5 ppm. In 2023, the 5ppm-10ppm segment is expected to dominate the market with a market share of 67.78%.
- On the basis of sales channel, the market is segmented into direct, and indirect. In 2023, the direct segment is expected to dominate the market with a market share of 57.49%.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in the market are Shimadzu Corporation (Japan), Thermo Fisher Scientific Inc (U.S.), Bruker (Germany), HORIBA, Ltd.(Japan), Malvern Panalytical Ltd (England), EVIDENT, Rigaku Corporation (Texas), Dandong Aolong Radiative Instrument Group Co., Ltd (China), Hitachi High-Tech Analytical Science (England), Skyray Instruments USA, Inc.(U.S), Hobré Analyzer Solutions (Netherlands), SciAps, Inc. (U.S.), Viken Detection (U.S.), Elvatech Ltd. (Ukraine), LANScientific. (China), FISCHER TECHNOLOGY INC. (U.S), Bourevestnik, and LABOAO (China) among others.
Market Development
- In August 2023, Shimadzu Corporation announced that its EDX-8100 offers a high level of accuracy and speed in analyzing elements contained in various samples. This has helped the company to strengthen its product portfolio.
- In June 2023, Malvern Panalytical Ltd was awarded Employer of the Year and Business of the Year at HWCC 2023. This has helped the company to establish its strong presence in the market.
- In May 2023, Dandong Aolong Radiative Instrument Group Co., Ltd announced the wavelength dispersive X-ray fluorescence spectrometer (WDXRF) is a high-tech product developed by our company based on the experience and fruits of domestic R&D on similar instruments over the years, and absorbing the international advanced technology. This has helped the company to enhance its product portfolio.
- In April 2020, Bruker highlighted new analytical systems and high-value solutions for biopharma and forensics applications, as well as for industrial process control and materials science research. This has helped the company to establish its global presence.
- In January 2019, HORIBA Ltd. announced the release of its new XGT-9000 X-ray analytical microscope (μXRF), which simultaneously performs elemental analysis and optical observation of samples without destroying or contacting them. This has helped the company to strengthen its product portfolio.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada, Mexico, Germany, U.K., France, Italy, Russia, Turkey, Switzerland, Netherlands, Belgium, Rest of Europe, Japan, China, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and Rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is the dominant region in the global X-ray fluorescence (XRF) market during the forecast period 2023 - 2030
North America is expected to dominate the global X-ray fluorescence (XRF) market because of the higher level of investments by various manufacturers and increasing technological advancements in the region. North America will continue to dominate the global X-ray fluorescence (XRF) market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period.
Asia-Pacific is estimated to be the fastest-growing region in X-ray fluorescence (XRF) market
Asia-Pacific is estimated to be the fastest-growing region in the global X-ray fluorescence (XRF) market during the forecast period 2023 - 2030. This is due to the growing adoption of advanced technology and the launch of new products in this region.
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