Elemental Analysis Market worth $6.213 BN by 2020, According to a New Study on ASDReports

Tuesday 30 June 2015, Amsterdam

This report, now available on ASDReports, studies the global elemental analysis market for the forecast period of 2015 to 2020. This market is expected to reach $6.213 Billion by 2020 from $4.584 Billion in 2015, at a CAGR of 6.3%.

The global elemental analysis market is segmented on the basis of types, technologies, applications, and regions.

Based on technologies, the elemental analysis market is categorized into destructive technologies and nondestructive technologies. In 2015, the nondestructive technologies segment is estimated to account for the larger share of the elemental analysis market.

On the basis of types, this market is segmented into organic elemental analysis and inorganic elemental analysis. In 2015, the inorganic elemental analysis segment is expected to account for the larger share of the elemental analysis market.

Based on applications, the market is segmented into life sciences, food and beverage testing, environment testing, geology, and others. In 2015, the environment testing segment is estimated to account for the largest share of the elemental analysis market.

On the basis of regions, the global market is divided into North America, Europe, Asia, and the Rest of the World (RoW). The Rest of the World comprises Latin America, Pacific countries, and Middle East and Africa. In 2015, North America is poised to account for the largest share of the elemental analysis market, followed by Europe and Asia. However, the Asian market is slated to grow at the highest CAGR during the forecast period and serve as a revenue pocket for companies offering elemental analysis equipment.

Over the years, the elemental analysis market has witnessed various technological advancements to meet the needs of biotechnology and biopharmaceutical companies; food and beverage, chemical, semiconductor industries; and environmental testing. These advancements have led to the development of Inductively Coupled Plasma Spectrometry (ICP), Inductively Coupled Plasma Mass Spectrometry (ICP-MS), and Atomic Absorption Spectrometry (AAS). These technologies result in efficient quantitative and qualitative analysis of various organic and inorganic elements.

Some of the major players in the global elemental analysis market include Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), PerkinElmer, Inc. (U.S.), AMETEK, Inc. (U.S.), Bruker Corporation (U.S.), HORIBA, Ltd. (Japan), Shimadzu Corporation (Japan), Rigaku Corporation (Japan), Analytik Jena AG (Germany), and Elementar Group (Germany).