Atomic Spectroscopy Market Worth $5.5 Billion by 2018

Jul 13, 2015, 13:30 ET from MarketsandMarkets

DALLAS, July 13, 2015 /PRNewswire/ --

According to a new market research report "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", published by MarketsandMarkets, the Atomic Spectroscopy Market is expected to reach around $5.5 Billion by 2018, growing at CAGR of 6.4% from 2013 to 2018.

Browse 72 market data Tables and 17 Figures spread through 195 Pages and in-depth TOC on "Atomic Spectroscopy Market"
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This report covers the definition, description, and forecast of the atomic spectroscopy market in terms of technologies and applications. Based on technology, the atomic spectroscopy market comprises X-Ray Fluorescence Spectroscopy, Atomic Absorption Spectroscopy, X-Ray Diffraction Spectroscopy, Inductively Coupled Plasma Spectroscopy, Inductively Coupled Plasma-Mass Spectroscopy, Elemental Analyzers, and others. The application market is categorized into food and beverage testing, pharmaceuticals, industrial chemistry, environmental testing, biotechnology, and others.

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The global atomic spectroscopy market is witnessing a steady growth and will continue to do so in the next five years. The factors contributing to this growth are the enforcement of stringent safety regulations by various regulatory authorities across a number of industries, increasing usage of atomic spectroscopy technologies in the pharmaceutical industry, and rising opportunities in emerging nations. In this market, the Asian region is projected to witness the highest CAGR and the growth in this region will be centered at China and India.

The North American market, comprising the U.S. and Canada, hosts numerous conferences, symposia, and seminars related to atomic spectroscopy. Furthermore, this region has a favorable funding scenario for research in various scientific sectors. In the European region, atomic spectroscopy is increasingly being used in wine testing and in the chemical industry, pharmaceutical industry, and academic research; this, coupled with the favorable funding scenario in some regions is contributing to the growth of the European market. The market in RoW is expected to witness some growth as well. This growth can be attributed to the use of atomic spectroscopy in the pharmaceutical industry of the respective countries.

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