Press release
Various Key Players in X-Ray Diffractometer (XRD) Market With Developments
X-ray diffractometer (XRD) is an analytical technique which provides detailed information about crystalline compounds, including identification and quantification of crystalline phases.X-ray diffractometers consist of an X-ray generator, a goniometer and sample holder, and an X-ray detector such as photographic film or a movable proportional counter.
Major factor driving growth of the X-ray diffractometer (XRD) market is efficiency and mobility of portable XRD analyzers. In addition, various benefits offered by X-ray powder diffraction technique such as high sensitivity, comparatively better depth profiling, and increased reliability is expected to fuel growth of the target market.
Some include polymorph study, screening the crystal structure and lattice parameters, pharmaceuticals, nano and material science, geological applications, as well as in the glass industry which in turn is expected to further support growth of the global X-ray diffractometer (XRD) market over the forecast period.
Powder X-ray diffraction technique can be used as a complementary to electron diffraction for phase identification and structure solution in physics, chemistry, and materials science. Complementary use of XRF and XRD for analysis of geological minerals is other factor expected to augment growth of market over the forecast period.
advancements in XRD instruments enabling accurate and precise study structure, composition, and physical properties of materials is expected to present major opportunities for growth of the target market over the next ten years.
On the basis of application segmentation, the pharma segment is estimated to contribute major revenue share and is expected to maintain its dominance over the forecast period. The scientific research institutes segment is expected to register highest CAGR over 5.5%.
The market in North America accounts for significant share in the global X-ray diffractometer (XRD) market. X-ray equipment are widely used in detection of breast cancer, dental issues, chest imaging, and orthopedic disorder. High prevalence of cancer and orthopedic disorders is expected to boost market growth over the forecast period.
Presence of prominent players in the North America market such as Bruker Corporation, Thermo Fisher Scientific Inc., and Innov-X Technologies Canada Ltd.,
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Europe is another market accounts that holds a significant revenue share in the global X-ray diffractometer (XRD) market. The Europe X-ray diffractometer (XRD) market is expected to register a CAGR of over 4.5% during the forecast period.
Increasing adoption of X-ray diffractometer devices in various end-use industries, primarily in pharmaceuticals sector and research facilities, coupled with increasing manufacturing activities in countries in the region are other factors expected to drive growth of the X-ray diffractometer market in Europe.
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