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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Atomic Spectroscopy Market Outlook

The global atomic spectroscopy market attained a value of nearly USD 6.67 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.3% to reach approximately USD 11.54 billion by 2032.

Global Atomic Spectroscopy Market

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Asia Pacific to Dominate the Growth of the Atomic Spectroscopy Industry in the Upcoming Years

The Asia Pacific region is expected to witness rapid growth in the forecast period. The rising food safety concerns owing to the rising disposable income of the middle class is contributing significantly to the growth of the atomic spectroscopy industry. Moreover, increasing manufacturing activities in India and China are positively impacting the market growth. In addition, surging investments for research and development (R&D) in this region is expected to boost the industry growth. The flourishing growth of the pharmaceutical industry is also invigorating the market growth. Various favourable government initiatives to promote biotechnology is increasing the demand for atomic spectroscopy analytics, therefore aiding the overall market growth.

The introduction of various stringent governments regulations regarding food safety is increasing the demand for atomic absorption spectroscopy. It analyses the presence of trace elements such as cadmium and arsenic. Moreover, the use of the technique can aid in achieving the required low detection limits while offering maximum accuracy, ease of use, and sensitivity. This is why atomic absorption spectroscopy is extensively used in the flourishing food and beverage industry, hence augmenting the market growth. Moreover, the rising demand for quality raw materials and safe food products owing to the surging health and hygiene consciousness is further strengthening the market growth.

Atomic Spectroscopy: Market Segmentation

Atomic spectroscopy is a technique that determines elemental composition using electromagnetic spectrum or mass spectrum. Some of the elements of atomic spectroscopy are atomic absorption, atomic fluorescence, and atomic emission, among others, which are typically used in analytical devices.

Global Atomic Spectroscopy Market by Segment

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The major technologies of atomic spectroscopy are:

  • Atomic Absorption 
  • X-Ray Fluorescence
  • X-Ray Diffraction
  • ICP-MS
  • ICP-OES
  • Others

The market can be broadly categorised on the basis of its applications into:

  • Food and Beverages
  • Pharmaceuticals and Biotechnology
  • Geochemical/Mining
  • Environmental
  • Others

The EMR report looks into the regional markets of atomic spectroscopy like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Atomic Spectroscopy Market by Region

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Surging Applications of Atomic Absorption Spectroscopy to Bolster the Industry Growth

The use of atomic spectroscopy in the pharmaceutical industry for the characterisation of all compounds in a drug is catalysing the industry growth. Atomic absorption spectroscopy enables efficient determination with higher sensitivity and accuracy while not interfering with the drug formulation. Moreover, drug manufacturers require monitoring in all stages of development to provide an indirect determination of various pharmaceuticals. These advantageous factors are increasing the use of atomic spectroscopy in the pharmaceutical sector, hence providing further impetus to the market growth. In addition, the rising demand for analysis of metals or special strategic materials in engineering, science, biology, and medicine for research is further invigorating the growth of the atomic spectroscopy industry.

Technological advancements and innovations are driving the market growth. The use of cutting-edge technology and artificial intelligence (AI) to maximise light throughput and improve detection limits is aiding the market growth. It also aids scientists and chemists explore atomic structure, which is anticipated to propel the market growth. Moreover, advancements in biological sciences that require constant integration in sub-components use X-ray fluorescent widely, which, in turn, is propelling the market growth. Moreover, it is also extensively used in archaeology, geology, environment, and material science sectors, which is further fuelling the market growth.

Key Industry Players in the Global Atomic Spectroscopy Market

The report presents a detailed analysis of the following key players in the global atomic spectroscopy market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies Inc.
  • PerkinElmer, Inc.
  • Bruker Corporation
  • Shimadzu Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Application
  • Region
Breakup by Technology
  • Atomic Absorption 
  • X-Ray Fluorescence
  • X-Ray Diffraction
  • ICP-MS
  • ICP-OES
  • Others
Breakup by Application
  • Food and Beverages 
  • Pharmaceuticals and Biotechnology
  • Geochemical/Mining
  • Environmental
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Thermo Fisher Scientific, Inc.
  • Agilent Technologies Inc.
  • PerkinElmer, Inc.
  • Bruker Corporation
  • Shimadzu Corporation
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the global atomic spectroscopy market attained a value of nearly USD 6.67 billion.

The market is projected to grow at a CAGR of 6.3% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach approximately USD 11.54 billion by 2032.

The market is being aided by the rising concerns regarding food safety.

The market is expected to be driven by the increasing applications of atomic spectroscopy in various industry, the surging use of atomic absorption spectroscopy in research, and technological advancements.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major technologies of atomic spectroscopy in the industry are atomic absorption, X-ray fluorescence, X-ray diffraction, ICP-MS, and ICP-OES, among others.

The significant applications in the market are food and beverages, pharmaceuticals and biotechnology, geochemical/mining, and environmental, among others.

The major players in the industry are Thermo Fisher Scientific, Inc., Agilent Technologies Inc., PerkinElmer, Inc., Bruker Corporation, and Shimadzu Corporation, among others.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124