Press release
Positive Material Identification Market 2023 - Industry Outlook, Present Manufacturers, Channels Analysis And Forecast To 2032
Positive Material Identification Market
The Business Research Company's Positive Material Identification Global Market Report 2023 identifies growing oil & gas industries as the major driver for the Positive Material Identification market's growth in the forecast period. The oil & gas industry is concerned with hydrocarbon exploration, data collection, development, drilling, production, gathering, refining, distribution, and transportation. In the oil and gas industries, the PMI is used for quality control and safety compliance and is a crucial component of production and asset integrity management.
The global positive material identification market size is expected to grow from $2.66 billion in 2022 to $2.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The positive material identification market is expected to grow to $3.86 billion in 2027 at a CAGR of 7.6%.
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Major competitors in the Positive Material Identification market are Olympus Corporation, Thermo Fisher Scientific Corporation, Bruker Corporation, Hitachi Ltd., Ametek Inc., Malvern Panalytical, SGS S.A.
A key trend in the Positive Material Identification market includes technological innovation. Major players in the positive material identification sector are focused on technological innovations to sustain their market position. For instance, in April 2021, Rigaku Analytical Devices, a US-based company specializing in identifying unknown substances or verifying materials for quality assurance, launched the KT-500. The KT-500 is a portable LIBS analyzer (laser-induced breakdown spectroscopy).
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The Positive Material Identification market is segmented -
• By Offering: Equipment and Services
• By Form Factor: Portable Analyzers, Benchtop Analyzers
• By Technique: X-Ray Fluorescence (XRF), Optical Emission Spectrometry (OES)
• By Industry: Oil and Gas, Metals and Heavy Machinery, Automotive, Scra*p Recycling, Chemicals, Power Generation, Pharmaceutical
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Positive Material Identification market.
The Business Research Company's "Global Positive Material Identification Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Positive Material Identification Market Include:
1. Executive Summary
2. Positive Material Identification Market Characteristics
3. Positive Material Identification Market Trends And Strategies
4. Positive Material Identification Market - Macro Economic Scenario
5. Positive Material Identification Market Size And Growth
…………………………….
26. Africa Positive Material Identification Market
27. Positive Material Identification Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Positive Material Identification Market
29. Positive Material Identification Market Future Outlook and Potential Analysis
30. Appendix
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