The global X-ray Fluorescence Analyzer Market was valued at USD 1,067.1 million in 2020 and is expected to grow at a CAGR of 5.2% during the forecasted period.
X-Ray Fluorescence (XRF) is a frequent investigative technique that may provide both qualitative and quantitative information on a chemical sample's composition. X-ray fluorescence technology (XRF) is one of the most straightforward, precise, and cost-effective ways for determining the chemical composition of a wide range of materials. It is non-destructive and dependable, requires no or no sample preparation, and may be used with solid, liquid, or powdered materials. X-ray fluorescence spectrometers employ high-energy X-rays (or gamma rays) to stimulate fluorescent radiation from a sample for quantitative chemical or elemental analysis, and they have a wide range of uses in industry and research.
The market for x-ray fluorescence analyzers is growing due to the rising use of X-Ray Fluorescence (XRF) technology for scrap recycling, the capacity to analyze data more simply and quickly, and the combination of XRD and XRF technology. Furthermore, the widespread application of XRF technology in many industrial verticals and the emergence of ED-XRF technology point to a bright future for the market. On the other hand, growing limitations in element detection, XRF technology, and examination of the composition of earth materials may impede the x-ray fluorescence analyzer market's growth throughout the forecast period.
The amount of time that passes between the onset of early symptoms and the imaging procedure could be a key influence in the accuracy of X-ray findings. While no symptoms of the sickness were seen in X-rays for the first three days following the onset of coughing and fever, they became more apparent after 10 to 12 days. This time element appears to be confirmed by an Italian study with 72 symptomatic patients published in mid-April 2020. All of the patients were already under quarantine at home at the time of the imaging procedure and had come to the hospital because their symptoms had declined. The significant increase in demand for X-ray fluorescence (XRF) as a result of technological advances in measurement science and standards for X-ray fluorescence (XRF) is expected to be a major market driver. The X-ray fluorescence (XRF) market is predicted to grow in the next years, due to infrastructure and rising demand for X-ray fluorescence (XRF) devices from the cement sector for quality control. X-ray fluorescence (XRF) demand is predicted to rise in the coming years as a result of rapid industrialization and the implementation of X-ray fluorescence (XRF) policies by a number of governments.
Handheld XRF has traditionally been used to separate gross alloy series in light alloys (for example, 2000 from 7000 series aluminum alloys). OES has long been the portable method of choice for sorting Al alloys. However, recent advancements in handheld XRF alloy analyzers may now be used to separate grades within series in more detail. On-line XRF differentiates sorts of scrap in a way that other technologies can't. Meatballs (electric motor alternators consisting of copper wire coiled around iron cores), glass, and high-end non-ferrous separation (i.e., grades of stainless steel and specific Aluminum grades) are the three most common scrap categories that only XRF systems can separate in high-speed sorting systems.
One of two X-ray fluorescence methods used for elemental analysis is energy dispersive X-ray fluorescence (EDXRF). In EDXRF spectrometers, all of the elements in the sample are excited at the same time, and an energy dispersive detector and a multi-channel analyzer are used to collect the fluorescence radiation emitted from the sample at the same time and then separate the different energies of the characteristic radiation from each of the different sample elements. The detector determines the resolution of EDXRF devices, which generally varies from 150 eV to 600 eV. ED-XRF systems are known for their ease of use, speed of operation, absence of moving components, and high source efficiency. Major gains in sensitivity and precision, cycle time and throughput, ease of use, compactness, and cost of ownership are only a few benefits
X-ray fluorescence (XRF) technology makes use of a material's intrinsic emission qualities to determine its elemental makeup. It's one of the most used procedures for determining the chemical composition of materials at trace and ultra-trace levels. Extreme adaptability, non-destructiveness, and excellent levels of precision owing to the technology's trustworthy underlying physics are only a few of the numerous advantages of X-ray fluorescence technology. However, this industry-leading approach of materials characterization has limitations.
The x-ray fluorescence analyzer market is growing steadily and is expected to upsurge in the near future. Various key players operating in the x-ray fluorescence analyzer market are investing huge capital in optimizing the supply chain and reducing operational costs. The supply chain analysis for the x-ray fluorescence analyzer market comprises five major levels, which start with the R&D followed by manufacturing, testing, distribution and finally supplied to the end users.
The global X-ray Fluorescence Analyzer Market has been segmented on the basis of industry vertical and region
The global X-ray Fluorescence Analyzer Market, based on industry vertical, has been segmented into pharmaceuticals & healthcare, food & agriculture, metals & alloys, criminal investigation and others. The metals & alloys segment dominated the market share in 2021, and is projected to witness a growth rate of CAGR 4.4% during the anticipated time frame.
The global X-ray Fluorescence Analyzer Market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America accounted for the largest market share in 2021. The region is anticipated to witness considerable growth due to use of x-ray fluorescence analyzers in various industries such as oil & gas, pharmaceutical, chemicals, metal, and mining has propelled the demand for the market.
Asia-Pacific is the fastest-growing region. The region to register the highest CAGR due to use of x-ray fluorescence for quickly analyzing the material and the thickness of the coating on metal and jewelry products has influenced the demand for the market. The region has been segmented, by country, into China, India, Japan, South Korea, Southeast Asia and rest of Asia-Pacific. China is expected to dominate the market during the forecast period.
The global market for Inspection Analysis Device is projected to witness healthy growth during the forecast period, owing to the ability to analyse data in a simpler and faster manner.
Key players operating in the global X-ray Fluorescence Analyzer Market include Bruker Corporation, Spectro Analytical Instruments Gmbh, Thermo Fisher Scientific, Horiba, Ltd, Malvern Panalytical Ltd, JEOL LTD, Hitachi, Olympus Corporation, G.N.R. S.R.L. - Analytical Instruments Group and Rigaku Corporation.
HORIBA, Ltd. has increased the number of products in its XGT-9000 series in March 2023 by introducing two new micro-XRF (X-ray fluorescence) analyzers – XGT-9000 Pro and XGT-9000 Expert X-ray Analytical Microscopes. There are several different industries that make use of the XGT 9000 Series. The lithium-ion batteries industry pharmaceutics, among others, uses it for foreign material identification and novel materials synthesis, etc. These new XGT-9000 detectors provide faster analysis by incorporating our patented pulse processing technology2. Additionally, the XGT-9000 Expert is a benchtop frequency dispersive micro-XRF analyzer that also achieves the world’s first light element4 analysis.
Viscom AG showcased many of its newest microfocus x-ray tubes at Control in Stuttgart in April 2022. The same X-ray source can now be employed to do such jobs as radiography of huge and heavy parts, examination of small filigree objects or time-efficient serial inspections as never before possible due to its adaptability.
Canon Medical Systems and Danish medical equipment manufacturer Nordisk Rntgen Teknik (NRT) have agreed to strengthen their global x-ray business partnership in March 2022. NRT manufactures advanced multipurpose x-ray fluoroscopy systems and standard radiography systems for sale both locally and internationally. This acquisition will support Canon Medical in growing its European-based business for developing sophisticated digital imaging systems, technology and product development skills together with manufacturing expertise.
As per MRFR, the global X-ray Fluorescence Analyzer Market has been growing significantly over the past few years. The global X-ray Fluorescence Analyzer Market has been segmented on the basis of industry vertical, and region. Based on region, the X-ray Fluorescence Analyzer Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The scope of the global X-ray Fluorescence Analyzer Market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The global X-ray Fluorescence Analyzer Market has been segmented on the basis of component, project lifecycle, deployment model, end user and region.
| Report Attribute/Metric | Details |
| Market Size 2021 | USD 1,107.9 Million |
| Compound Annual Growth Rate (CAGR) | 5.2% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Industry Vertical and region. |
| Geographies Covered | North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered | The U.S, Canada, Mexico, Germany, France, UK, China, Japan, India, Australia, South Korea, UAE, and Brazil |
| Key Companies Profiled | Thermo Fisher Scientific , Olympus Corporation, Bruker Corporation, JEOL, Ltd,Horiba, Ltd |
| Key Market Opportunities | Widespread Adoption Of Xrf Technology In Various Industry Verticals Rise Of Ed-Xrf Technology |
| Key Market Dynamics | Integration Of Xrd & Xrf Technology Scrap Recycling With X-Ray Fluorescence (Xrf) Technology Ability To Analyse Data In A Simpler And Faster Manner |
Frequently Asked Questions (FAQ) :
The global X-ray Fluorescence Analyzer Market has been growing rapidly over the past few decades and is expected to grow, at a CAGR of 5.2% during the forecast period.
Thermo Fisher Scientific , Olympus Corporation, Bruker Corporation, JEOL, Ltd,Horiba, Ltd are expected to be the major competitors in the X-ray Fluorescence Analyzer Market during the projected period.
The metals & alloys segment is expected to drive the market during the forecasted period.
The North American region is expected to be the largest market for X-ray Fluorescence Analyzer Market during the forecast period.
Limitations In Element Detection may slow the growth of the X-ray Fluorescence Analyzer Market during the forecast period.
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