Press release
Global Xray Photoelectron Spectroscopy Market 2022 is set to reach US$ 1.03 Bn by 2032 at 6.4% CAGR
The global X-ray photoelectron spectroscopy market was worth US$ 511 Mn in 2021 and it is expected to increase at a high-value CAGR of 6.4% over the forecast period (2022-2032).X-ray photoelectron spectroscopy, or XPS, is a technique used for measuring the composition of an element of a material's surface. XPS systems also discover the binding state of the element, which usually examines the surface analysis of chemical synthetic up to 10 nm depth of the element. Due to this property, XPS systems are majorly used in pharmaceutical and biotechnology firms for the research and development of novel drugs.
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An increase in the number of forensic tests is expected to create new opportunities for the XPS market. This XPS technique gives precise details about the chemical makeup of the finger mark as well as its relative position in relation to the hand. Therefore, by simulating evidence from a crime scene, XPS can be used to identify the presence of particles such as illicit drugs. This application of XPS systems is expected to offer lucrative opportunities to manufacturers over the coming years.
Key Takeaways from Market Study
By product segment, XPS systems held more than 88% of the global market share in 2021.
The market share of thin film analysis applications was 39.3% in 2021.
By end user, polymer and thin film industries accounted for a market share of 27.3% in 2021.
By region, North America dominates the global X-ray photoelectron spectroscopy market after having accounted for 31.4% market share in 2021.
"Rising demand for XPS systems in pharmaceutical industries for the purpose of R&D and the production of new drugs for various treatments will help the X-ray photoelectron spectroscopy market grow over the coming years," says an analyst of Persistence Market Research.
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Market Competition
Major industry players such as Thermo Fisher Scientific have been developing and proposing to launch novel systems to open up new horizons in surface analysis, thus helping expand their market share.
In May 2021, Thermo Fisher Scientific launched the Nexsa G2 surface analysis system, which is a fully-automated XPS designed to increase the capacity and creativity for educational and industry laboratory use.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the X-ray photoelectron spectroscopy market in its latest study, presenting a historical demand assessment of 2012-2021 and projections for 2022-2032.
The research study is based on the product (XPS systems (dual anode (MgKa/AIKa) X-ray source-based systems, monochromated AI Ka X-ray source-based systems) and software), application (thin film analysis, adhesion failure evaluation, chemical state identification, elemental profiling, and residue), and end user (energy sector, medical organizations, educational & research institutions, polymer and thin industries, metallurgical industries, semiconductors & microelectronics, and others), across seven key regions of the world.
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Key Questions Answered in This Report.
What are the Roadblocks for X-ray Photoelectron Spectroscopy Market Suppliers?
What are the Key Opportunities for X-ray Photoelectron Spectroscopy Market Manufacturers?
How is Focus on Safety Influencing X-ray Photoelectron Spectroscopy Market Demand?
What is the Regulatory Impact on Global Sales of X-ray Photoelectron Spectroscopy Market?
Which Region Offers the Largest Opportunity for Sales of X-ray Photoelectron Spectroscopy Market?
Where Does the U.S. Stand in the Market for X-ray Photoelectron Spectroscopy Market?
What Is the Outlook for X-ray Photoelectron Spectroscopy Market Manufacturers in China?
Why is Germany a Lucrative Market for X-ray Photoelectron Spectroscopy Market Manufacturers?
Why Will Belgium Outpace Other European Markets for X-ray Photoelectron Spectroscopy Market?
Why is There High Demand for Tires in X-ray Photoelectron Spectroscopy Market?
Why are Sales of X-ray Photoelectron Spectroscopy Market Surging?
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About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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