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Global Atomic Spectroscopy Market: By Technology: Atomic Absorption, X-Ray Fluorescence, X-Ray Diffraction, ICP-MS, ICP-OES, Others; By Application: Food and Beverages, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Atomic Spectroscopy Market Outlook

The global atomic spectroscopy market attained a value of nearly USD 5.9 billion in 2021. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 6.3% to reach approximately USD 8.5 billion by 2027.

 

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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
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, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
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
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Atomic Spectroscopy Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Atomic Spectroscopy Historical Market (2018-2022) 
    8.3    Global Atomic Spectroscopy Market Forecast (2023-2028)
    8.4    Global Atomic Spectroscopy Market by Technology
        8.4.1    Atomic Absorption 
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    X-Ray Fluorescence
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028) 
        8.4.3    X-Ray Diffraction
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    ICP-MS
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2018-2022)
            8.4.4.3    Forecast Trend (2023-2028) 
        8.4.5    ICP-OES
            8.4.5.1    Market Share
            8.4.5.2    Historical Trend (2018-2022)
            8.4.5.3    Forecast Trend (2023-2028)
        8.4.6    Others
    8.5    Global Atomic Spectroscopy Market by Application
        8.5.1    Food and Beverages 
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Pharmaceuticals and Biotechnology
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Geochemical/Mining
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Environmental
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others     
    8.6    Global Atomic Spectroscopy Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America  Atomic Spectroscopy Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Atomic Spectroscopy Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Atomic Spectroscopy Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Atomic Spectroscopy Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and  Africa Atomic Spectroscopy Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Thermo Fisher Scientific, Inc.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Agilent Technologies Inc.
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    PerkinElmer, Inc.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Bruker Corporation
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
            16.2.3.4    Certifications
        16.2.5    Shimadzu Corporation
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Atomic Spectroscopy Market: Key Industry Highlights, 2018 and 2028
2.    Global Atomic Spectroscopy Historical Market: Breakup by Technology (USD Billion), 2018-2022
3.    Global Atomic Spectroscopy Market Forecast: Breakup by Technology (USD Billion), 2023-2028
4.    Global Atomic Spectroscopy Historical Market: Breakup by Application (USD Billion), 2018-2022
5.    Global Atomic Spectroscopy Market Forecast: Breakup by Application (USD Billion), 2023-2028
6.    Global Atomic Spectroscopy Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Atomic Spectroscopy Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Atomic Spectroscopy Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Atomic Spectroscopy Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Atomic Spectroscopy Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Atomic Spectroscopy Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Atomic Spectroscopy Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Atomic Spectroscopy Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Atomic Spectroscopy Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Atomic Spectroscopy Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Atomic Spectroscopy Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Atomic Spectroscopy Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Major Importing Countries by Volume (2021)
19.    Major Exporting Countries by Volume (2021)
20.     Major Importing Countries by Value (2021)
21.     Major Exporting Countries by Value (2021)
22.    North America Historical Price Trends and Forecast 2018-2028
23.    Europe Historical Price Trends and Forecast 2018-2028
24.    Asia Pacific Historical Price Trends and Forecast 2018-2028
25.    Latin America Historical Price Trends and Forecast 2018-2028
26.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
27.    Global Atomic Spectroscopy Market Structure

Key Questions Answered in the Report

In 2021, the global atomic spectroscopy market attained a value of nearly USD 5.9 billion.

The market is projected to grow at a CAGR of 6.3% between 2023 and 2028.

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach approximately USD 8.5 billion by 2027.

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.

Analyst Review

The global atomic spectroscopy market attained a value of nearly USD 5.9 billion in 2021, driven by the rising concerns regarding food safety in the food and beverage industry. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.3%. The market is projected to reach approximately USD 8.5 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its technologies, the atomic spectroscopy industry can be segmented into atomic absorption, X-ray fluorescence, X-ray diffraction, ICP-MS, and ICP-OES, among others. On the basis of applications, the industry is divided into food and beverages, pharmaceuticals and biotechnology, geochemical/mining, and environmental, among others. The major regional markets for atomic spectroscopy are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Thermo Fisher Scientific, Inc., Agilent Technologies Inc., PerkinElmer, Inc., Bruker Corporation, and Shimadzu Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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