Elemental Analysis (EA) is a
process to detect the presence of Carbon, Hydrogen, Nitrogen, and Sulfur (CHNS)
levels in solid, liquid, and viscous material samples. Policies by regulatory
agencies such as the U.S. Food and Drug Administration (FDA) have made EA a
mandatory process for pharmaceutical and food industries. The process helps
weed out products with high traces of CHNS and protect the general public from
ill-health. Applications of EA can benefit various end-user industries such as
energy, chemicals, pharmaceuticals, and polymer.
Rapid Detection of CHNS in Materials
Rapid Detection of CHNS in Materials
Destructive and non-destructive
technologies are two major segments of the EA market. The non-destructive
segment is projected to grow rapidly over the forecast period (from 2018 to 2025)
due to high accuracy and sample retention rate associated with it. The X-Ray
Fluorescence (XRF) technology within this segment accounted for a large market
share in 2016. In response to the demand for portable instruments for rapid
elemental analysis, Bruker Corporation has a series of XRF-detecting handheld
devices for use in mining and environmental sectors. The company signed an
agreement with the U.S. National Guard in November 2017 for its handheld
detectors for national security purposes.
The destructive segment would
experience a slower CAGR in the coming years. However, it may gain a larger
market share by 2025 owing to the increased usage of novel methods, such as
Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) and
Inductively Coupled Plasma Mass Spectroscopy (ICP-MS). The ICP-OES segment had
contributed the most to the destructive segment, but the ICP-MS segment can
display a stupendous CAGR over the forecast period on account of wide usage of
this method. For instance, the Thermo Scientific iCAP RQ ICP-MS has been used
by a lot of major food and beverage manufacturers to identify the presence of
arsenic and mercury.
Market
Outlook
The global elemental
analysis market is projected to reach a valuation of USD
2.02 billion by 2025, according to a report by Grand View Research, Inc. It is
projected to expand at a CAGR of 6.2% over the forecast period due to mandatory
use of the procedure in the pharmaceutical sector. Increased concerns regarding
food safety and extensive use of the technology in the life sciences sector are
also expected to drive market growth. Moreover, technological advances in EA
are anticipated to augur market demand. Key companies in the market include
PerkinElmer, Inc.; Analytik Jena AG; Thermo Fisher Scientific, Inc.; and
Shimadzu Corporation.
In-Depth
Research Report On Elemental Analysis Market:
https://www.grandviewresearch.com/industry-analysis/elemental-analysis-market
No comments:
Post a Comment