Market Overview:
The global XRF market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for handheld XRF devices in various applications, rising awareness about health and safety hazards associated with heavy metals, and growing demand for XRF analyzers from food and pharmaceutical industries. However, lack of standardization across different regions is expected to restrain the growth of this market during the forecast period. On the basis of type, handheld XRF devices are expected to account for a larger share of the global XRF market during the forecast period. This can be attributed to their growing popularity among end users owing to their portability and ease-of-use.
 Industry Outlook.svg)
Product Definition:
XRF is a technique used to determine the elemental composition of a sample. It works by bombarding the sample with X-rays, which causes the atoms in the sample to emit secondary radiation in the form of fluorescent light. The intensity of this light can be used to identify and quantify the elements present in the sample.
Handheld:
Handheld XRF devices are instruments that help in analyzing the composition of an object without physically bringing the sample into a lab. The device is used for various applications such as food, beverage, pharmaceutical and environmental testing. It also finds application in forensics to detect drugs or explosives with the help of detecting trace elements such as metals or chemicals in a person’s body.
The global handheld XRF market was valued at USD 648 million in 2016.
Desktop:
The global desktop and its usage in the X-ray Fluorescence (XRF) market size was valued at USD 6.5 billion in 2015. The increasing demand for miniaturization, energy efficiency, and automation is expected to drive the growth of this industry over the forecast period.
Increasing adoption of these systems due to their compactness, cost effectiveness & high performance are anticipated to propel demand over next seven years.
Application Insights:
The global X-ray fluorescence market is segmented by application into cement, mining & metals, petroleum, chemicals and environmental; food & pharmaceutical and other applications. The mining & metals segment dominated the overall industry in terms of revenue in 2017. This can be attributed to the rising demand for metal resources such as aluminum and gold across various end-use industries including automotive, construction and electronics.
The growing use of fluorescent minerals for prospecting for copper has also contributed significantly to the growth of this segment over the recent past. In addition, several companies have started manufacturing handheld devices that are specifically designed for mineral exploration activities which further contributes to its high penetration rate among other applications globally.
Regional Analysis:
North America XRF market is expected to grow at a significant rate over the forecast period. The growth can be attributed to the increasing use of x-ray fluorescence in metallurgy and mining exploration for prospecting and ore identification. In North America, companies such as MDS Nordion are involved in developing advanced XRF instruments for geology applications.
The Asia Pacific region is anticipated to witness lucrative growth during the forecast period owing to rising demand from end-use industries such as cement, petroleum, chemicals, environmental monitoring and food & pharmaceuticals. Rapid industrialization coupled with growing infrastructure activities will also drive regional market growth over the next eight years (2030).
In China alone there are around 50 thousand mines producing about 13% of global output; thus making it one of the largest producers globally (IMF 2016).
Growth Factors:
- Increasing demand for elemental analysis in various industries
- Growing popularity of portable XRF analyzers
- Rising need for quality control and assurance in manufacturing processes
- Proliferation of research and development activities in the field of XRF technology
- Increasing number of applications for XRF technology
Scope Of The Report
Report Attributes
Report Details
Report Title
X-ray Fluorescence (XRF) Market Research Report
By Type
Handheld, Desktop
By Application
Cement, Mining & Metals, Petroleum, Chemicals, Environmental, Food & Pharmaceutical
By Companies
Bourevestnik, Bruker, BSI, DFMC, Elvatech, Helmut Fischer, Hitachi, Horiba, Jingpu, LANScientific, Olympus, Oxford Instrument, PANalytical, PERSEE, Polywis, Rigaku, Shimadzu, Skyray Instrument, Spectro, Thermo Fisher
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global X-ray Fluorescence (XRF) Market Report Segments:
The global X-ray Fluorescence (XRF) market is segmented on the basis of:
Types
Handheld, Desktop
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cement, Mining & Metals, Petroleum, Chemicals, Environmental, Food & Pharmaceutical
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bourevestnik
- Bruker
- BSI
- DFMC
- Elvatech
- Helmut Fischer
- Hitachi
- Horiba
- Jingpu
- LANScientific
- Olympus
- Oxford Instrument
- PANalytical
- PERSEE
- Polywis
- Rigaku
- Shimadzu
- Skyray Instrument
- Spectro
- Thermo Fisher
 Market Overview.svg)
Highlights of The X-ray Fluorescence (XRF) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld
- Desktop
- By Application:
- Cement
- Mining & Metals
- Petroleum
- Chemicals
- Environmental
- Food & Pharmaceutical
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the X-ray Fluorescence (XRF) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
XRF is a technique used to identify elements in materials by measuring the amount of X-rays that are emitted when the material is exposed to an X-ray beam.
Some of the major players in the x-ray fluorescence (xrf) market are Bourevestnik, Bruker, BSI, DFMC, Elvatech, Helmut Fischer, Hitachi, Horiba, Jingpu, LANScientific, Olympus, Oxford Instrument, PANalytical, PERSEE, Polywis, Rigaku, Shimadzu, Skyray Instrument, Spectro, Thermo Fisher.
The x-ray fluorescence (xrf) market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. X-ray Fluorescence (XRF) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. X-ray Fluorescence (XRF) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. X-ray Fluorescence (XRF) Market - Supply Chain
4.5. Global X-ray Fluorescence (XRF) Market Forecast
4.5.1. X-ray Fluorescence (XRF) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. X-ray Fluorescence (XRF) Market Size (000 Units) and Y-o-Y Growth
4.5.3. X-ray Fluorescence (XRF) Market Absolute $ Opportunity
5. Global X-ray Fluorescence (XRF) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. X-ray Fluorescence (XRF) Market Size and Volume Forecast by Type
5.3.1. Handheld
5.3.2. Desktop
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global X-ray Fluorescence (XRF) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. X-ray Fluorescence (XRF) Market Size and Volume Forecast by Application
6.3.1. Cement
6.3.2. Mining & Metals
6.3.3. Petroleum
6.3.4. Chemicals
6.3.5. Environmental
6.3.6. Food & Pharmaceutical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global X-ray Fluorescence (XRF) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. X-ray Fluorescence (XRF) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global X-ray Fluorescence (XRF) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. X-ray Fluorescence (XRF) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global X-ray Fluorescence (XRF) Demand Share Forecast, 2019-2029
9. North America X-ray Fluorescence (XRF) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America X-ray Fluorescence (XRF) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America X-ray Fluorescence (XRF) Market Size and Volume Forecast by Application
9.4.1. Cement
9.4.2. Mining & Metals
9.4.3. Petroleum
9.4.4. Chemicals
9.4.5. Environmental
9.4.6. Food & Pharmaceutical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America X-ray Fluorescence (XRF) Market Size and Volume Forecast by Type
9.7.1. Handheld
9.7.2. Desktop
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America X-ray Fluorescence (XRF) Demand Share Forecast, 2019-2029
10. Latin America X-ray Fluorescence (XRF) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America X-ray Fluorescence (XRF) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America X-ray Fluorescence (XRF) Market Size and Volume Forecast by Application
10.4.1. Cement
10.4.2. Mining & Metals
10.4.3. Petroleum
10.4.4. Chemicals
10.4.5. Environmental
10.4.6. Food & Pharmaceutical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America X-ray Fluorescence (XRF) Market Size and Volume Forecast by Type
10.7.1. Handheld
10.7.2. Desktop
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America X-ray Fluorescence (XRF) Demand Share Forecast, 2019-2029
11. Europe X-ray Fluorescence (XRF) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe X-ray Fluorescence (XRF) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe X-ray Fluorescence (XRF) Market Size and Volume Forecast by Application
11.4.1. Cement
11.4.2. Mining & Metals
11.4.3. Petroleum
11.4.4. Chemicals
11.4.5. Environmental
11.4.6. Food & Pharmaceutical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe X-ray Fluorescence (XRF) Market Size and Volume Forecast by Type
11.7.1. Handheld
11.7.2. Desktop
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe X-ray Fluorescence (XRF) Demand Share, 2019-2029
12. Asia Pacific X-ray Fluorescence (XRF) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific X-ray Fluorescence (XRF) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific X-ray Fluorescence (XRF) Market Size and Volume Forecast by Application
12.4.1. Cement
12.4.2. Mining & Metals
12.4.3. Petroleum
12.4.4. Chemicals
12.4.5. Environmental
12.4.6. Food & Pharmaceutical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific X-ray Fluorescence (XRF) Market Size and Volume Forecast by Type
12.7.1. Handheld
12.7.2. Desktop
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific X-ray Fluorescence (XRF) Demand Share, 2019-2029
13. Middle East & Africa X-ray Fluorescence (XRF) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa X-ray Fluorescence (XRF) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa X-ray Fluorescence (XRF) Market Size and Volume Forecast by Application
13.4.1. Cement
13.4.2. Mining & Metals
13.4.3. Petroleum
13.4.4. Chemicals
13.4.5. Environmental
13.4.6. Food & Pharmaceutical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa X-ray Fluorescence (XRF) Market Size and Volume Forecast by Type
13.7.1. Handheld
13.7.2. Desktop
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa X-ray Fluorescence (XRF) Demand Share, 2019-2029
14. Competition Landscape
14.1. Global X-ray Fluorescence (XRF) Market: Market Share Analysis
14.2. X-ray Fluorescence (XRF) Distributors and Customers
14.3. X-ray Fluorescence (XRF) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Bourevestnik
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bruker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. BSI
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. DFMC
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Elvatech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Helmut Fischer
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Horiba
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jingpu
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. LANScientific
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Olympus
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Oxford Instrument
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. PANalytical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. PERSEE
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Polywis
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Rigaku
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shimadzu
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Skyray Instrument
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Spectro
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Thermo Fisher
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
