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Atomic Spectroscopy Market Worth $5.5 Billion by 2018

Atomic Spectroscopy Market by Technology ( X-Ray Fluorescence / Atomic Absorption / X-Ray Diffraction / ICP-MS ) & by Application ( Food & Beverage / Pharmaceutical / Industrial Chemistry / Biotechnology / Environment ) - Competitive Landscape - Global Forecasts & Trends to 2018

 

Dallas, TX -- (ReleaseWire) -- 07/21/2014 -- The “Atomic Spectroscopy Market by Technology (X-Ray Fluorescence/Atomic Absorption/X-Ray Diffraction/ICP-MS) & by Application (Food & Beverage/Pharmaceutical/Industrial Chemistry/Biotechnology/Environment)-Competitive Landscape - Global Forecasts & Trends to 2018” analyzes and studies the major market drivers and restraints in North America, Europe, Asia, and the Rest of the World (RoW), along with the respective countries in these regions.

Browse 72 market data tables and 17 figures spread through 195 pages and in-depth TOC on “Atomic Spectroscopy Market by Technology ( X-Ray Fluorescence / Atomic Absorption / X-Ray Diffraction / ICP-MS ) & by Application ( Food & Beverage / Pharmaceutical / Industrial Chemistry / Biotechnology / Environment ) - Competitive Landscape - Global Forecasts & Trends to 2018”
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Over the years, the atomic spectroscopy market has witnessed a steady growth along with an increase in its application horizon. The wide applications of atomic spectroscopy are witnessed in various industries such as food and beverage testing, environmental testing, pharmaceutical, biotechnology, industrial chemistry, and mining, among others. X-ray fluorescence, Atomic absorption, X-ray diffraction, Inductively coupled plasma, Inductively coupled plasma-mass spectrometry amongst others are the commonly used atomic spectroscopy technologies.

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Technologies such as X-ray fluorescence and atomic absorption currently dominate the atomic spectroscopy market. However, the growing popularity of inductively coupled plasma-mass spectrometry worldwide as the instrument of choice for performing trace metal analysis is expected to boost the demand for this technology in the coming years. In comparison to the other atomic spectroscopy technologies, inductively coupled plasma-mass spectrometry is slated to grow at the highest CARG for the period 2013-2018.

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The largest application areas for inductively coupled plasma-mass spectrometry technology are pharmaceutical and food and beverage testing. Globally, there has been an increase in attention to reduce the acceptable levels of metals in food and medicines. For instance, the Canadian government passed a new law - Protecting Canadians from Unsafe Drugs Act (Vanessa's Law, December 2013), to protect their citizens from unsafe drugs in the market. New requirements such as these have forced the pharmaceutical industry to increasingly turn to inductively coupled plasma-mass spectrometry technology as its enables the detection of metals in drug samples.

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