Global X-Ray Fluorescence Analyzer Market Size, Share, Opportunities, And Trends By Type (Portable, Benchtop), By Product (Energy Dispersive XRF, Wavelength Dispersive XRF), By Application (Metal And Mining Industries, Food & Pharmaceutical, Oil And Gas, Environmental Research, Art And Archeology, Others), And By Geography - Forecasts From 2023 To 2028

The global X-ray fluorescence analyzer market is projected to grow at a strong pace during the forecast period.

An X-ray device called X-ray fluorescence (XRF) is used to perform standard chemical analyses on minerals, rocks, sediments, and fluids. By examining the fluorescent X-ray that a sample generates when it is stirred by a main X-ray source, X-ray fluorescence (XRF) can be used to establish a sample's chemistry. It is frequently used to determine the composition of a great deal of geological materials and components. Further, the rapid economic growth and the adoption of X-ray fluorescence regulations by several governments would boost the market share for X-ray fluorescence analyzers.

Rising technological advancements

Micro-calorimeters, transition edge sensor X-ray detectors, total-reflection XRF, and other XRF-related technologies have all made advancements that led to the growing X-ray fluorescence analyzer market size. Further, participants in the target market have access to new business prospects as a result of these developments. These advancements will help them to overcome various XRF-related obstacles, such as setup costs, the requirement to account for matrix effects, and stringent requirements. Moreover, the X-ray fluorescence technique has many benefits that are anticipated to propel market growth in the upcoming years, including non-destructive rapid multi-element analysis, straightforward sample preparation, and the capacity to screen unidentified matter in various sample matrices.

Increasing infrastructural investment

Around the world, a number of nations are funding infrastructure development projects. For instance, India has set aside USD 63.2 billion for the development of its infrastructure, which would involve building roads, renewable energy facilities, and urban transit infrastructure. Similarly to this, a major increase in highway construction activity is anticipated in the US.. During the projected period, it is anticipated that the rising frequency of these building projects would fuel demand for XRF in fields including geology, soil surveys, and field analysis.

High-cost investment

XRF analyzers and spectroscopes require significant capital expenditures as well as ongoing running expenses. Initial capital costs, ongoing operating costs, and maintenance and service expenses are typically considered in spectrometer cost analyses. Although portable XRF devices are less expensive than their desktop equivalents, the associated maintenance and repair expenditures can reach US$10,000, hindering the global X-ray fluorescence analyzer market size.

Lack of skilled labour

To properly complete sample collection, storage, processing, source configuration, and testing for XRF-based applications like spectroscopic operations, qualified personnel are needed. For example, in accordance with US FDA GMP rules, pharmaceutical firms are required to provide their staff with regulated training, such as adherence to 21 CFR 211.25 regarding training in the pharmaceutical industry. Due to a shortage of training facilities and inadequately trained personnel with actual expertise conducting industry-specific quality testing, exposure to such training has, however, been restricted.

Increased Demand by the food & pharmaceutical sector

The food & pharmaceutical segment is anticipated to experience consistent growth over the course of the projected period among all application segments. This is caused by the rising demand for wholesome food as well as the prevalence of pollutants and contaminated, fake, or fraudulent food which is increasing the global X-ray fluorescence analyzer market share during the forecast period.

Increasing use in the mining industry

The mining industry is increasingly using XRF analyzers to identify various types of glass, ceramics, metals, etc. On-site geochemical examination of the drill core, mine face, or sample preparation is carried out using portable XRF analyzers. Further, the market for analytical instruments that meet regulatory standards for design qualification, installation eligibility, operational eligibility, and performance qualification, among others, is highly controlled in the worldwide XRF market.

North America is projected to have the highest share in the global X-ray fluorescence analyzer market

The global X-ray fluorescence analyzer market is being led by North America owing to the increased investments in infrastructural activities and increasing demand for X-ray fluorescence devices from the cement sector for quality control. Additionally, rising US cement consumption and rising government expenditures on construction projects are anticipated to drive the expansion of the North American XRF market. Further, growing government expenditures on construction projects and expanding US cement consumption is expected to promote the growth of the North American XRF market. Furthermore, because North America produces the most maize in the world, soils must be thoroughly examined for heavy and harmful metals. Since the X-ray fluorescence device is perfect for such examinations, the usage of such devices in the region is probably going to expand dramatically.

Market Key Developments

• In March 2023, With the introduction of the two new micro-XRF (X-ray fluorescence) analyzers, the XGT-9000 Pro and XGT-9000 Expert X-ray Analytical Microscopes, HORIBA, Ltd. have further extended its XGT-9000 series product line. There are several different industries that employ the XGT-9000 Series. It is used to identify foreign objects and create novel materials in industries such as lithium-ion batteries, pharmaceuticals, and others. The updated detection systems in the new XGT-9000 Pro and XGT-9000 Expert, along with our patented*1 pulse processing technology, provide faster analysis*2. As a benchtop frequency dispersive micro-XRF analyzer, the XGT-9000 Expert also achieves the first*3 light element*4 analysis in the world.
• In April 2022, In Stuttgart, Germany, in April 2022, Viscom AG displayed a number of its most recent microfocus X-ray tubes at Control. Due to its adaptability, a hitherto unattainable spectrum of jobs can now be covered by the same X-ray source, ranging from the radiography of huge and heavy components to the examination of small, filigree objects and time-optimized series inspections.
• In March 2022, Canon Medical Systems and Nordisk Rntgen Teknik (NRT), a Danish maker of medical equipment, reached an agreement to boost each other's X-ray businesses globally. Advanced multipurpose X-ray fluoroscopy systems and standard radiography systems are developed, produced, and sold by NRT. The acquisition will help Canon Medical grow its technology, product development, and manufacture of sophisticated digital imaging systems in Europe.

Global X-Ray Fluorescence Analyzer Market Scope:

Segmentation:

• By Type
  • Portable
  • Benchtop
• By Product
  • Energy Dispersive XRF
  • Wavelength Dispersive XRF
• By Application
  • Metal and Mining Industries
  • Food & Pharmaceutical
  • Oil and Gas
  • Environmental Research
  • Art and Archeology
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others