X-ray Fluorescence (XRF) Analyzer Market

XRF Analyzer Market: Soaring Capital Investment in Mining Industry to Create Potential Adoption Opportunities: Global Industry Analysis (2013-2018) & Market Forecast (2019-2027)

  • 2019-04-11
  • REP-GB-9444
  • 120 pages
  • Format: PDF/PPT/Excel

  • US$5,000
  • US$7,500
  • US$10,000

XRF Analyzer – One-Stop Solutions for Quality Assurance and Process Control

XRF analyzers are finding extensive applications across multiple end use industries, including oil & gas, pharmaceutical, metal & mining, and environmental research. Quality assurance and process control requirements of end users are setting a buoyant tone for growth of XRF analyzer market in 2019 and beyond.

XRF Analyzer Market - Key Research Findings

  1. Global XRF analyzer market size in 2018 – nearly US$ 2. 2 Bn 

  1. The XRF analyzer market is expected to observe a CAGR of approximately 5.7% over 2019-2027. 

  1. According to the recent statistical data by the World Bank, 

  • The metals index is estimated to witness an increase, following a 9% fall in the prices of iron ore, which is offset by an increase in the prices of base metals. The highest increase in price point has been estimated for nickel, i.e. by 30%.

  • Precious metal prices are estimated to increase by almost 3%, in the wake of higher inflation expectations and an increase in the US interest rates.

  • According to Ayhan Kose, the director of World Bank’s Development Economics Prospects Group, “Oil exporters with flexible currency regimes, relatively large fiscal buffers, and more diversified economies, have fared better than others since the oil price collapse.”

The aforementioned factors are expected to fuel the growth of the XRF analyzer market across the globe at high CAGR during the forecast period.

  1. Middle East & Africa will remain among the most prominent regional markets for XRF analyzers

  • In the Middle East & Africa, Saudi Arabia is one of the leading providers of the oil, gas, and natural resources.


  1. Middle East & Africa and Asia Pacific will continue to spearhead the global market for XRF analyzer

  • In Asia Pacific, China, and India are among the leading providers of various metals such as vanadium, phosphates, tungsten, graphite, antimony, coal, molybdenum, tin, lead, zinc, and gold.

  1. There has been considerable growth in pharmaceutical, metal & mining, and oil & gas industries, which is expected to significantly contribute to the growth of the XRF analyzer market over the forthcoming years.

  2. The growing availability of handheld/portable XRF analyzers is expected to boost market revenue

  • The increasing demand for handheld/portable XRF analyzers in the field of mining industries and oil & gas industries is expected to propel the handheld/portable XRF analyzer market across the globe over the forecast period.

  • Handheld/portable XRF analyzers are handy, easy to use, and lightweight. Therefore, there has been an increase in the need for the handheld/portable XRF analyzers on the field inspection of elements or metals.

Top 3 Factors Shaping the XRF Analyzer Market

  • Demand for XRF analyzers in the mining industry is boosting the market

The adoption of XRF analyzers in the mining industry for the determination of numerous glass, ceramics, metals, etc. is on the rise. Handheld XRF analyzers are used to perform the on-site geochemical analysis of the drill core, mine face, or to prepare samples.  As per FMI, this is estimated to remain a prominent parameter that is boosting the global demand for XRF analyzers.

  • The introduction of technologically advanced XRF analyzers is trending

The availability of technologically advanced XRF analyzers is fuelling the growth of the market. Technological advancements in these analyzers include proximity sensors, radiation safety, improved detection parameters, high-count, and high-resolution rate. These technological advancements are boosting the XRF analyzers market.

  • Increasing demand for the determination of the elemental composition of precious metals is propelling the XRF analyzers market

Increasing demand for the identification of various precious metals is fuelling the growth of the market. These metals include gold, platinum, and others. XRF analyzers are among the key devices adopted by most of the gold processing services, gold refiners, and gold recyclers.  Moreover, the XRF analyzers are widely used for the determination of the gold karat or gold concentration. The market is gaining traction owing to these factors.

xrf analyzer market

XRF Analyzer Market Structure Analysis

  • The global XRF analyzer market represents a consolidated competition landscape, wherein the Tier 1 companies hold a revenue share of more than 55%.

  • While most of the key players maintain a strategic focus on the emerging markets in Asia Pacific and Middle East Africa regions, the report underlines that their developmental strategies will emphasize technological advancements.

  • Prominent companies active in the XRF analyzer marketplace are also focusing on new launches, which majorly include handheld and portable devices.

  • Cost-effectiveness will remain a common strategy adopted by key players in the XRF analyzer market.

Market to Experience Decent Growth, Adoption in Metal & Mining to Provide Impetus

XRF analyzer landscape is likely to see decent growth in future, on account of its sheer proliferation across multiple end-use applications. One of such prominent application segment is metal & mining, wherein XRF analyzers are increasingly used for determining the elemental composition of glass, metals, ceramic, and other materials. XRF analyzer also helps with seamless testing of solid and liquid material samples and offer accurate results. Such particulars provide credence to the unabated demand for XRF analyzer through 2027.

APEJ Remains the Largest Market for XRF Analyzers, MEA to Reflect Substantial Growth

APEJ is likely to continue being a lucrative market for XRF analyzer, driven by the renewed focus on metal & mining applications in the region. MEA is estimated to promise new opportunities for the key players of XRF analyzer market, on the back of ever-increasing pace of industrialization.

The Broader Perspective

The XRF analyzer landscape is on a constant upswing, considering the fact that end use industries are on a constant lookout for effective devices for monitoring and measurement. The market is estimated to witness a massive inclination toward handheld XRF analyzers, on the back of high scale portability and maneuverability.

Handheld XRF analyzer to be the best–seller category

Demand for benchtop XRF analyzer to witness unwavering growth

Sales of energy dispersive XRF analyzer to remain intact and healthy.

Wavelength dispersive XRF analyzer to witness steady demand

How Growth will Unfold

Growth of XRF analyzer market will benefit from the expanding use across multiple end use applications. XRF analyzers are well-known for providing qualitative and quantitative material characterization, which further assists end use operators to effectively handle identification, detection, analysis, process control, and quality control. In line with the specifications of the target applications, XRF analyzer of different types and modularity will witness substantial demand.

Metal and Mining | Pharmaceutical | Oil and Gas

X-ray Fluorescence (XRF) Analyzer Market X-ray Fluorescence (XRF) Analyzer Market X-ray Fluorescence (XRF) Analyzer Market

* This data is only a representation. Actual data may vary and will be available in report.

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XRF Analyser Market: Global Industry Analysis 2013-2018 & Opportunity Assessment 2019-2027

A recent market study published by FMI “XRF Analyser Market: Global Industry Analysis 2013-2018 & Forecast 2019-2027” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the XRF Analyser market, the growth prospects of the market are obtained with maximum precision.

X-ray Fluorescence (XRF) Analyzer Market Taxonomy

The global XRF Analyser market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Modularity Type

  • Portable/ Handheld
  • Benchtop

Product Type

  • Energy Dispersive XRF
  • Wavelength Dispersive XRF

End Use

  • Metal and Mining Industries
  • Pharmaceutical
  • Oil and Gas
  • Environmental Research
  • Art and Archeology


  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA

What's Included

The report commences with the executive summary of the XRF Analyser market, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the XRF Analyser market.

Readers can find the detailed taxonomy and the definition of the XRF Analyser market in this chapter, which will help them understand the basic information about the XRF Analyser market. This section also highlights the key inclusions and exclusions, which helps the reader understand the scope of the XRF Analyser market report.

The report provides the key trends that are expected to substantially impact the growth of the market during the forecast period. Detailed industry trends are provided in this section, along with key market developments or product innovations, key competition mapping, which is likely to have a significant impact on XRF Analyser market.

This section includes the key inclusions of the report. It includes the product adoption & usage analysis, product timeline, regulatory assessment, reimbursement scenario, pipeline assessment & opportunity analysis, and manufactures’ strategies for market expansion.

This section explains the global market value analysis and forecast for the XRF Analyser market between the forecast period of 2013-2027. This chapter includes the detailed analysis of the historical XRF Analyser market, along with an opportunity analysis of the future. Readers can also find the absolute opportunity for the current year (2019 – 2020), and an incremental opportunity for the forecast period (2019 – 2027).

This chapter explains the key macro-economic factors that are expected to influence the growth of the XRF Analyser market during the forecast period. Along with macroeconomic factors, this section also highlights the opportunity analysis for the XRF Analyser market. This chapter also highlights the key dynamics of the XRF Analyser market, which include the drivers, restraints, and trends. Moreover, it will enable readers to understand the key trends followed by the leading manufacturers in the XRF Analyser market.

This section explain the global market penetration analysis for the XRF Analyser in 2018. The section also covers the key information about the XRF patents landscape, regulatory scenario, and the adoption of Energy Dispersive XRF, Wavelength Dispersive XRF. It also provides information on the penetration of the XRF Analyser market by emerging application areas.

Based on the modularity type, the XRF Analyser market is segmented into Portable/ Handheld and Benchtop. In this chapter, readers can find information about the key trends and developments in the XRF Analyser market and market attractiveness analysis based on the modularity type.

Based on the product type, the XRF Analyser market is segmented into Energy Dispersive XRF and Wavelength Dispersive XRF. In this chapter, readers can find information about the key trends and developments in the XRF Analyser market and market attractiveness analysis based on the product type.

This chapter provides details about the XRF Analyser market on the basis of end use, based on which the market has been classified into Metal and Mining Industries, Pharmaceutical, Oil and Gas, Environmental Research, Art and Archeology. In this chapter, readers can understand the market attractiveness analysis based on end use.

This chapter explains how the XRF Analyser market will grow across various geographic regions, such as North America, Latin America, Europe, Japan, Asia Pacific Excluding Japan (APEJ), and the Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America XRF Analyser market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the regional trends, regulations, and market growth based on the modularity type, product type, end use, and countries in North America.

Readers can find detailed information about several factors, such as the pricing analysis and the regional trends, which are impacting the growth of the Latin America XRF Analyser market. This chapter also includes the growth prospects of the XRF Analyser market in the leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the XRF Analyser market based on its end users in several countries, such as Germany, the UK, France, Spain, Italy, and the Rest of Europe, are included in this chapter.

Japan is the prominent country in the Asia Pacific market. Thus, Japan is the prime subject of assessment to obtain the growth prospects of the Asia Pacific XRF Analyser market. In this chapter, readers can find detailed information about the growth parameters of the Japan XRF Analyser market for the period 2019–2027

This chapter highlights the growth of the XRF Analyser market in the Asia Pacific Excluding Japan by focusing on India, China, Malaysia, Singapore, Australia, and the Rest of APEJ. This section also helps readers understand the key factors that are responsible for the growth of the XRF Analyser market in APEJ.

This chapter provides information about how the XRF Analyser market will grow in the major countries in the MEA region, such as GCC Countries, South Africa, Israel, and the rest of MEA, during the forecast period 2019 - 2027.

In this chapter, readers can find detailed information about the tier analysis and market concentration of the key players in the XRF Analyser market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the XRF Analyser market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Hitachi High-Technologies Corporation, Thermo Scientific, SPECTRO Analytical Instruments GmbH, HORIBA, Ltd. Bruker, Applied Rigaku Technologies, Inc., OLYMPUS Corporation, XOS (Danaher), Skyray Instrument Co., Ltd., Malvern Panalytical Ltd., Elvatech Ltd., Globetek, Oxford Instruments, PARISA TECHNOLOGY, Torontech Inc., and Xenemetrix.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the XRF Analyser market report.

This chapter helps readers understand the research methodology followed to obtain the various conclusions as well as important qualitative and quantitative information about the XRF Analyser market.

How the research was conducted?

Primary Research

Primary research interviews with Key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Adoption of XRF Analysers
  • Average Selling Price (US$) and Market Growth
  • Key Developments
  • Key Trends and Opportunities
  • Regional wise Dynamics
  • Market Share Information
  • Key Brands
  • Competition & Key Vendor Strategies
  • Competition & Key Vendor Strategies

Secondary Research

  • Industrial Minerals Association - North America
  • International Council on Mining and Metals
  • American Pharmacists Association (APhA)
  • National Mining Association
  • Mining Industry Association
  • Mining Association of Canada
  • Australian Mining Association
  • American Pharmacists Association (APhA)
  • Canadian Pharmacists Association
  • European Federation of Pharmaceutical Industries and Associations

Primary Interview Splits

Primary Research Interview Splits

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