Global Trace Metal Analysis Market, By Technology (Atomic Absorption Spectroscopy, ICP-MS, X-Ray Flu

Published Date: | Report Code : MT1958311

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Growing demand from end-use industry applications in developing regions and the promotion of application-specific grades by companies is expected to drive the trace metal analysis market during the forecast period. This market has witnessed several key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the trace metal analysis market during the forecast period.

The trace metals analysis allows the detection and identification of low levels of the metals in a sample that can either be used to improve the product or as contaminants. This analysis helps provide information about the various elements in the product for the development of the chemical.

Segment Analysis:

The trace metal analysis market is segmented based on technology, type, service, and application.

By the basis of technology, it is divided as Atomic Absorption Spectroscopy, ICP-MS (Inductively Coupled Plasma-Mass Spectrometry), and X-Ray Fluorescence. The ICP-MS is the largest share amongst the technology. This is due to the growing demand for analysis of the wide range of sample matrices, the rising demand for the identification of contaminants in chemicals, and the increasing regulations of the quality assessment in foods and beverages, and pharmaceuticals.

Based on the type, it is bifurcated as portable and benchtop. The benchtop type is used more than its alternative, as these instruments have various advantages such as switching sample compositions and types, provide highly accurate and stable measurements.

Based on the service, the bifurcation is FAAS (Flame Atomic Absorption Spectrometric) and ICP-OES (Inductively Coupled Plasma-Optical Emission Spectrometer).

Based on the application, it is segmented as Food & Beverage, Environmental Testing, Pharmaceutical & Biotechnology, and Others. The segment of environmental testing is growing significantly as many investments are being made in this segment and also due to the stringent regulations for the control of the environment and water pollutants, reduction of emissions and the growth of the end-user industry. The food and beverage industry is also growing due to the increasing awareness among the people about food safety, and the growing demand for processed foods.

Key Factors Impacting Market Growth:

  • Growing regulations regarding the safety and quality of products

  • Advancements being made in technology

  • Growth of the end-user industries

Key Developments:

  • In October 2018, Test America Laboratories Inc. (US) was acquired by Eurofins Scientific (Luxembourg) to strengthen and expand its environmental testing business.

  • In December 2018, Nanyang Environment and Water Research Institute (Singapore) collaborated with Agilent Technologies (US) to deal with the growing problem of water contaminants

Regional Analysis:

The regional outlook section for the trace metal analysis market provides the region-wise market projections along with related market dynamics. Besides, this section provides further information about segments in the market on a regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe have been traditional markets with a sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region include automotive, heavy engineering, building & construction, aerospace & defense, mining, and so on. These industries are expected to register steady growth in North America and Western Europe region during the forecast period.

Asia Pacific region is estimated to register the highest CAGRwith strong industrial and infrastructural growth. Some of the major economies, in the region, include China, India, South Korea, Japan, Australia, and so on. Besides, favorable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. The Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with the growth of the industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for the trace metal analysis market during the forecast period.

Companies Covered: Agilent Technologies, Thermo Fisher Scientific, PerkinElmer, Inc., Analytik Jena AG, Bruker Corporation, Hitachi Hi-Technologies Corporation, Rigaku Corporation, and Shimadzu Corporation...

Market Segmentation:

By Technology:

  • Atomic Absorption Spectroscopy

  • ICP-MS

  • X-Ray Fluorescence

By Type:

  • Portable

  • Bench Top

By Service:

  • FAAS

  • ICP-OES

By Application:

  • Food & Beverage

  • Environmental Testing

  • Pharmaceutical & Biotechnology

  • Others

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Technology

    • By Type

    • By Service

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Technology

    • By Type

    • By Service

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Technology

    • By Type

    • By Service

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Technology

    • By Type

    • By Service

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Technology

    • By Type

    • By Service

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Technology

    • By Type

    • By Service

    • By Application

Reasons To Buy This Report:

  • Market size estimation of the global Trace Metal Analysis Market on a regional and global basis

  • Unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment

  • By Sub-segment

  • By Region/Country

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