Elemental Analysis Market to Witness Substantial Growth by 2025 | Top Key Players PerkinElmer, Inc., Bruker Corporation, Shimadzu Corporation, Analytik Jena AG, Thermo Fisher Scientific
Increasing emphasis on R&D activities for developing novel products in various industries will drive elemental analysis market growth. Elemental analysis is a reliable analytical technique used in a wide range of applications across industries like pharmaceuticals, environmental, agriculture, food & animal feed and petrochemical industry.
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The Elemental Analysis helps in detecting different elements such as inorganic, organic, and trace metals. It can also be used for qualitative and quantitative estimation of heavy metals and detect traces of catalyst in a sample. Elemental analysis can be used for soil analysis for quantifying essential elements from the soil. For instance, the Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS) technique was used to quantify radioactive iodine from soil samples in the region closer to the Fukushima nuclear power plant in Japan. It can also be used in geological excavations for determining the origin and chemical composition of ancient material. For instance, Getty Conservation Institute (Los Angeles, CA) used the elemental analysis to determine the origin of Lead-Tin-based pigments found on Egyptian mummies.
Elemental analysis is a key factor for improving food safety by determining adulteration in food such as determination of Mercury in milk powder and Selenium in fish meat. It also helps pharmaceutical companies to determine impurities in samples of products, excipient, and packaging. The high-cost requirement for elemental analysis instruments can restrict the market growth. The lack of skilled labor for operating the advanced equipment can also hamper the elemental analysis market growth.
APAC is expected to show the fastest growth for the elemental analysis market due to the increase in research & development activities in pharmaceuticals in the developing countries including India and China. For instance, India’s Ministry of Health and Family Welfare increased funds the allocation for the pharmaceutical sector by 13.1% to USD 8.98 billion in Union Budget 2019-20. The local state government in India is also focusing on research & development in the pharmaceutical sector. For instance, in October 2018, the Uttar Pradesh government announced its intention to setup 6 pharma parks in the state and the government also announced the investment of USD 855 million for the same. The presence of major market players, such as HORIBA, Ltd, Rigaku Corporation, and Shimadzu Corporation, in the region is also contributing significantly in elemental analysis market growth.
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Some key players operating in the elemental analysis market include Agilent Technologies, Inc., PerkinElmer, Inc., Bruker Corp., Thermo Fisher Scientific, Shimadzu Corp., Analytik Jena AG, AMETEK, Inc., HORIBA, Ltd., Rigaku Corp., Elementar Group, and Danaher Corp.
Elemental Analysis Market, By Type, 2014-2025 (USD Million)
o Organic Elemental Analysis
o Inorganic Elemental Analysis
Elemental Analysis Market, By Technology, 2014-2025 (USD Million)
• Destructive Technologies
• Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES)
• Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS)
• Combustion Analysis
• Chemical Method
• Electroanalytical Method
• Nondestructive Technologies
• X-Ray Fluorescence Spectroscopy (XRF)
• Fourier Transform Infrared Spectroscopy (FTIR)
• Optical Emission Spectrometry (OES):
Market, By Application, 2014-2025 (USD Million)
• Life Sciences
• Environment Testing
• Food & Beverage Testing
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