Global Metal Analyzers Market to Grow 4.65 % CAGR to 2021 – Analysis of OLYMPUS, Oxford Instruments, Rigaku, SPECTRO Analytical Instruments, and Thermo Fisher Scientific

MarketResearchNest.com adds “Global Metal Analyzers Market 2017-2021” new reports to its research database. The report spread across 81 pages with tables and figures in it.

The research analysts forecast the global metal analyzers market to grow at a CAGR of 4.65% during the period 2017-2021.

Metal analyzers are used in several industrial and commercial applications to identify a metal, its constituent elements, and the proportion of these constituents. Metal analyzers are used for the in-situ analysis of various metals during metal production, in scrap metal sorting and recycling, manufacturing, and maintenance and testing operations. Metal analyzers also find wide applications in laboratories for metal alloy research and quality inspection.

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Technavio recognizes the following companies as the key players in the global metal analyzers market: OLYMPUS, Oxford Instruments, Rigaku, SPECTRO Analytical Instruments, and Thermo Fisher Scientific.

Other Prominent Vendors in the market are: Bruker, ELTRA, Micromeritics Instrument, Scanmin Africa, Tribogenics, TSI, and Wuxi Tianmu Instrument Technology.

Commenting on the report, an analyst from Technavio’s team said: One trend in the market is adoption of new metal detection technology (LIBS) in handheld analyzers. Major manufacturers in the field of designing and manufacturing metal analyzers have recently started introducing new technology for the detection of metals based on laser-induced breakdown spectroscopy (LIBS).

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According to the report, one driver in the market is adoption of sustainable development practices worldwide. With the rapid growth of industries and manufacturing over the past 50 years, the use of metals in production has increased exponentially. The growing concerns about sustainable development and waste management practices as well as the pressure on limited global resources have led to a significant increase in the use of recycled metals in manufacturing. The growing awareness about environmental pollution due to greenhouse gas (GHG) emissions is also leading to increased adoption of metal recycling.

Further, the report states that one challenge in the market is decline in global metal production capacity. The global metal production industry is a significant end-user of metal analyzing equipment. In this industry, metal analyzers are used for production process analysis and quality control of finished metal. Metal analyzers are used by all primary metal producers while even larger numbers are used by metal alloy and precious metal manufacturers. However, at present, primary metal production across the globe is in decline due to low commodity prices and production overcapacity in several regions.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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