Atomic Spectroscopy Market worth $5.5 Billion by 2018

Wednesday 30 April 2014, Amsterdam

The “Atomic Spectroscopy Market by Technology (X-Ray Fluorescence/Atomic Absorption/X-Ray Diffraction/ICP-MS) & by Application (Food & Beverage/Pharmaceutical/Industrial Chemistry/Biotechnology/Environment)-Competitive Landscape - Global Forecasts & Trends to 2018” analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World (RoW), along with the respective countries in these regions.

This report studies the global atomic spectroscopy market over the forecast period of 2013 to 2018. The market was valued at $4.02 billion in 2013 and is expected to reach $5.5 billion by 2018, growing at a CAGR of 6.4% from 2013 to 2018.

This report covers the definition, description, and forecast of the atomic spectroscopy market in terms of technologies and applications. Based on technology, the atomic spectroscopy market comprises X-Ray Fluorescence Spectroscopy, Atomic Absorption Spectroscopy, X-Ray Diffraction Spectroscopy, Inductively Coupled Plasma Spectroscopy, Inductively Coupled Plasma-Mass Spectroscopy, Elemental Analyzers, and others. The application market is categorized into food and beverage testing, pharmaceuticals, industrial chemistry, environmental testing, biotechnology, and others.

Various regulatory authorities across industries have enforced stringent safety regulations in order to ensure that the products launched in the market adhere to quality specifications. The use of atomic spectroscopy technologies facilitates the compliance with these regulations by enabling the measurement and monitoring of the level of metals in samples. This acts as a major driver for atomic spectroscopy technologies. Furthermore, pharmaceutical industries are increasingly relying on atomic spectroscopy technologies for drug safety. This is a major factor for the growth of the atomic spectroscopy market.

North America accounted for the largest share of the global atomic spectroscopy market, followed by Europe and Asia. However, the Asian market is expected to witness the highest growth in the forecast period. The growth in the Asian market will be centered at the high-growth Indian and Chinese markets. Leading players in the atomic spectroscopy market have undertaken major developments in these countries and are planning to further increase their presence in these countries.

Agilent Technologies (U.S), Analytik Jena AG (Germany), Aurora Biomed (Canada), Bruker Corporation (U.S.), GBC Scientific Equipment Pty Ltd. (Australia), Hitachi High-Technologies Corporation (Japan), PerkinElmer, Inc. (U.S.), Rigaku Corporation (Japan), Shimadzu Corporation (Japan), and Thermo Fisher Scientific (U.S.) are some of the prominent players in the global atomic spectroscopy market.