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Atomic Spectroscopy Market Is Expected to Grow $5.5 Billion by 2018

This report broadly categorizes the global atomic spectroscopy market into different technologies and applications. X-Ray fluorescence accounted for the largest share of the overall market, by technology, followed by atomic absorption.

 

Dallas, TX -- (ReleaseWire) -- 07/14/2014 -- 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.

The demand for atomic spectroscopy instrumentation has been quite robust due to its wide arena of applications. Technologies like X-Ray Fluorescence (XRF) and X-Ray Diffraction (XRD) have important quality control applications in the detection of hazardous elements in consumable commercial goods, semiconductors, and electronics, among others.

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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.

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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.

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