Elemental Analysis Market Study By Technology, Type, Application, Region, Industry Players and Forecasts over 2019-2025
North America Elemental Analysis Market to register significant gains over 2019-2025
Sellbyville, United States – July 29, 2019 /MarketersMedia/ —
Global Market Insights Inc. announces an ongoing comprehensive report on the “Elemental Analysis Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Spain, China, India, Japan, Australia & New Zealand, South Korea, Brazil, Mexico, Argentina, UAE, Saudi Arabia, Israel, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025”.
This report provides an exhaustive account of the industry including:
• Elemental analysis market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major elemental analysis industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
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The elemental analysis helps in detecting different elements such as inorganic, organic, and trace metals. It can also be used for qualitative and quantitative estimation of heavy metals and detect traces of catalyst in a sample. Elemental analysis can be used for soil analysis for quantifying essential elements from the soil. For instance, the Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS) technique was used to quantify radioactive iodine from soil samples in the region closer to the Fukushima nuclear power plant in Japan.
Elemental analysis market in the pharmaceutical industry, elemental analysis is used to ensure the safety of new medicinal products. The technology identifies impurities that might potentially contaminate pharmaceutical products. It is also used to confirm all pharmaceutical products and their manufacturing procedures comply with the regulations.
Elemental analysis is a key factor for improving food safety by determining adulteration in food such as determination of Mercury in milk powder and Selenium in fish meat. It also helps pharmaceutical companies to determine impurities in samples of products, excipient, and packaging. The high-cost requirement for elemental analysis instruments can restrict the market growth. The lack of skilled labor for operating the advanced equipment can also hamper the elemental analysis market growth.
The technology can effectively identify total amount of element present in a sample with excellent detection limits. It has also found application in a wide range of industries in recent years. For instance, ICP-MS is used to measure radioactive iodine from soil samples close to the Fukushima nuclear plant in Japan.
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Europe elemental analysis market will procure commendable proceeds from the pharmaceutical industry. Europe’s research-based pharmaceutical sector aims on developing enhanced medical drugs that improve health and quality of life of patients worldwide.
APAC is expected to show the fastest growth for the elemental analysis market due to the increase in research & development activities in pharmaceuticals in the developing countries including India and China. For instance, India’s Ministry of Health and Family Welfare increased funds the allocation for the pharmaceutical sector by 13.1% to USD 8.98 billion in Union Budget 2019-20. The local state government in India is also focusing on research & development in the pharmaceutical sector. For instance, in October 2018, the Uttar Pradesh government announced its intention to setup 6 pharma parks in the state and the government also announced the investment of USD 855 million for the same. The presence of major market players, such as HORIBA, Ltd, Rigaku Corporation, and Shimadzu Corporation, in the region is also contributing significantly in the market growth.
Some key players operating in the market include Agilent Technologies, Inc., PerkinElmer, Inc., Bruker Corp., Thermo Fisher Scientific, Shimadzu Corp., Analytik Jena AG, AMETEK, Inc., HORIBA, Ltd., Rigaku Corp., Elementar Group, and Danaher Corp.
Elemental Analysis Market, By Type, 2014-2025 (USD Million)
o Organic Elemental Analysis
o Inorganic Elemental Analysis
Elemental Analysis Market, By Technology, 2014-2025 (USD Million)
• Destructive Technologies
o Inductively Coupled Plasma-Atomic Emission Spectroscopy (ICP-AES)
o Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS)
o Combustion Analysis
o Chemical Method
o Electroanalytical Method
• Nondestructive Technologies
o X-Ray Fluorescence Spectroscopy (XRF)
o Fourier Transform Infrared Spectroscopy (FTIR)
o Optical Emission Spectrometry (OES):
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