Press release
Positive Material Identification (PMI) Market Growth Fueled By Expanding Oil And Gas Industries: The Driving Engine Behind Positive Material Identification Market Evolution in 2025
Positive Material Identification Market Size
Positive Material Identification Market Size Growth Forecast: What to Expect by 2025?
The market size for positive material identification has been experiencing significant growth in the past few years. This market is projected to increase from $3.07 billion in 2024 to $3.3 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.5%. The expansion seen in the historical timeframe has been due to factors such as safety and quality assurance, industrial development, metal processing and fabrication, use in aerospace and defense, along with the growth of the oil and gas industry.
How Will the Positive Material Identification Market Size Evolve and Grow by 2029?
The market size for positive material identification is predicted to witness robust expansion in the coming years, increasing to $4.5 billion by 2029 at an 8.0% compound annual growth rate (CAGR). The anticipated growth during the forecast period can be credited to the integration into the pharmaceutical industry, quality control in construction, global trade growth, advances in spectroscopy, and the expansion of the recycling industry. Key trends for the future include the development of handheld devices, the inclusion of artificial intelligence and data analytics, an emphasis on industry-specific solutions, the emergence of mobile and cloud integrations, and improved non-destructive testing.
View the full report here:
https://www.thebusinessresearchcompany.com/report/positive-material-identification-global-market-report
What Drivers Are Propelling the Growth of Positive Material Identification Market Forward?
The positive material identification (PMI) market is anticipated to be propelled by the expanding oil & gas industries. These industries are focused on the exploration of hydrocarbon, data aggregation, development, drilling, production, collection, refinement, distribution, and transportation. The PMI plays a vital role in these sectors for the maintenance of quality control and safety compliance, and it forms a significant part of production and asset integrity management. As indicated by a report released by the United States Energy Information Administration, the principal agency of the United States Federal Statistical System, the production of natural gas in the United States rose by 4% (4.9 billion cubic feet per day [Bcf/d]) in 2022, averaging 119 Bcf/d. Hence, the PMI market's growth is driven by the oil & gas industries.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=8341&type=smp
Which Emerging Trends Are Transforming the Positive Material Identification Market in 2025?
Major players in the positive material identification (PMI) industry are concentrating on the development of advanced analyzers using smart and cloud-based technologies to improve real-time data analysis and accuracy in material identification. This is coupled with the possibilities of better compliance reporting and easy incorporation into existing business systems for better workflow management. New-generation XRF (X-ray fluorescence) analyzers harnessing smart and cloud-based technologies furthers material analysis capabilities. A good example is Evident, a Japan-based scientific solutions enterprise that, in January 2024, launched Vanta Max and Core Handheld XRF (X-ray Fluorescence) analyzers. This heralded a notable advancement in portable elemental analysis technology, mainly aimed at industries like mining, recycling, and environmental testing.
What Are the Key Segments in the Positive Material Identification Market?
The positive material identification market covered in this report is segmented -
1) By Offering: Equipment, Services
2) By Form Factor: Portable Analyzers, Benchtop Analyzers
3) By Technique: X-Ray Fluorescence (XRF), Optical Emission Spectrometry (OES) )
4) By Industry: Oil And Gas, Metals And Heavy Machinery, Automotive, S Recycling, Chemicals, Power Generation, Pharmaceutical
Subsegments:
1) By Equipment: Handheld XRF Analyzers, Portable Spectrometers, Desktop Analyzers, Optical Emission Spectrometers
2) By Services: On-Site Material Testing, Laboratory Testing Services, Consulting And Training Services
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=8341&type=smp
Who Are the Key Players Shaping the Positive Material Identification Market's Competitive Landscape?
Major companies operating in the positive material identification market are Olympus Corporation, Thermo Fisher Scientific Corporation, Bruker Corporation, Hitachi Ltd., Ametek Inc., Malvern Panalytical, SGS S.A., Bureau Veritas, Intertek Group plc., Applus+, Shimadzu Corporation, TÜV Rheinland, TÜV SÜD America, SciAps Inc., Tribogenics Inc., Agilent Technologies, PerkinElmer, HORIBA, Spectris, Anritsu, Andor Technology, Buehne, Cofatech, Corning, Danaher Corporation, Deutsche Telekom, Element Materials Technology, TUV Nord, Torontech, QSX Instruments
What Geographic Markets Are Powering Growth in the Positive Material Identification Market?
North America was the largest region in the positive material identification market share in 2024. The regions covered in the positive material identification market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Purchase the full report:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=8341
This Report Supports:
1. Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2. Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3. Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4. Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Positive Material Identification (PMI) Market Growth Fueled By Expanding Oil And Gas Industries: The Driving Engine Behind Positive Material Identification Market Evolution in 2025 here
News-ID: 4086377 • Views: …
More Releases from The Business Research Company
What Is The Leading Driver Behind Surge In Infectious Diseases Fueling The Growt …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Organoid Kit Industry Market Size Be by 2025?
In recent times, the organoid kit market has experienced swift expansion. Its value is projected to increase from $1.13 billion in 2024 to $1.31 billion in 2025, showing a compound annual growth rate (CAGR) of 16.4%. Reasons for…
Global Next-Generation Sequencing (NGS)-Based Molecular Diagnostics Market Growt …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Next-Generation Sequencing (NGS)-Based Molecular Diagnostics Industry Market Size Be by 2025?
In recent times, the market size for next-generation sequencing (NGS)-based molecular diagnostics has seen a significant increase. The expected growth trajectory is from $2.10 billion in 2024 to $2.26 billion in 2025, translating to a…
Global Nanomaterials In Personalized Medicine Market: Major Trends Reshaping the …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Nanomaterials In Personalized Medicine Industry Market Size Be by 2025?
The market for nanomaterials in personalized medicine has seen rapid expansion in recent years. Its size is projected to increase from $351.41 billion in 2024 to $392.97 billion in 2025, demonstrating a compound annual growth rate…
Increasing Demand For Personalized Medicine Fueling The Growth Of The Market Due …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Microbiome Testing Kit Industry Market Size Be by 2025?
The market size of microbiome testing kits has expanded dramatically in the past few years. It is projected to rise from a valuation of $1.31 billion in 2024 to reach $1.63 billion in 2025, demonstrating a compound…
More Releases for Material
Firestop Material Market
LOS ANGELES, United States: The global Firestop Material market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global Firestop Material market. For instance, the market dynamics section digs deep into the drivers, restraints, trends, and…
New Material Direction for Electric Toothbrushes - Si-TPV Soft Over Molded Mater …
When it comes to factors such as consumer experience or ergonomics, Si-TPV Soft Over Molded Material has had a huge impact on the improvement of various products such as electric toothbrushes, etc. Si-TPV is a Silicone Combine TPU developed and produced by SILIKE, a Thermoplastic Elastomer Manufacturer (Thermoplastic Elastomer Suppliers). Si-TPV material adopts Innovative Soft Slip Technology and Sustainable Overmolding Techniques, which can be used to make Stain Resistance Soft…
A new light on a misjudged material - Plastic waste: material for art
Used plastic bottles are not waste, but a valuable resource. They can be reprocessed in a variety of ways and transformed into new products or fresh energy. And into art. This is exactly what Ve-ronika Richterová does. The Czech artist creates fascinating sculp-tures made out of old PET bottles.
Plastic has inspired artists from the very beginning. The reason: plas-tic meets almost all technical and aesthetic requirements. It is a uni-versal…
Global Thermal Transfer Material Market, Global Thermal Transfer Material Indust …
Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods.…
The Future of Smart Material Market Runs Through the Material Industry
Smart Materials Market is expected to garner $72.63 billion by 2022, registering a CAGR of 14.9% during the forecast period 2016-2022. Smart materials are adaptive or intelligent materials which pose intrinsic and extrinsic capabilities. These can be altered by external stimuli, such as moisture, temperature, electromagnetic field, and pressure to obtain the desired functional effects. In addition, these materials are dynamic in nature and respond to their immediate interaction environments…
Global Regenerative Artificial Skin Sales Market Research Report 2017 (Temporary …
The report "Global Regenerative Artificial Skin Sales Market Report 2017", has been prepared based on an in-depth market analysis with inputs from industry experts.
This report studies sales (consumption) of Regenerative Artificial Skin in Global market, especially in United States, China, Europe and Japan, focuses on top players in these regions/countries, with sales, price, revenue and market share for each player in these regions, covering
Integra Life Sciences Corporation
Mylan N.V
Johnson & Johnson…
