Thursday, 23 August 2018

Composition of Materials Made Easy with Elemental Analysis

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.

Elemental Analysis Market to Reach $2.02 Bn. by 2025

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

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