X-ray Fluorescence Analyzer Market: Information by Industry Vertical (Pharmaceuticals & Healthcare, Food & Agriculture, Metals & Alloys, Criminal Investigation and Others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030

The global X-ray Fluorescence Analyzer Market was valued at USD  1,067.1 million in 2020 and is expected to grow at a CAGR of 5.2% during the forecasted period.  

X-ray Fluorescence Analyzer Market Overview:

The global X-ray Fluorescence Analyzer Market was valued at USD  1,067.1 million in 2020 and is expected to grow at a CAGR of 5.2% during the forecasted period.  

X-Ray Fluorescence (XRF) is a frequent investigative technique that may provide both qualitative and quantitative information on a chemical sample's composition. X-ray fluorescence technology (XRF) is one of the most straightforward, precise, and cost-effective ways for determining the chemical composition of a wide range of materials. It is non-destructive and dependable, requires no or no sample preparation, and may be used with solid, liquid, or powdered materials. X-ray fluorescence spectrometers employ high-energy X-rays (or gamma rays) to stimulate fluorescent radiation from a sample for quantitative chemical or elemental analysis, and they have a wide range of uses in industry and research.

The market for x-ray fluorescence analyzers is growing due to the rising use of X-Ray Fluorescence (XRF) technology for scrap recycling, the capacity to analyze data more simply and quickly, and the combination of XRD and XRF technology. Furthermore, the widespread application of XRF technology in many industrial verticals and the emergence of ED-XRF technology point to a bright future for the market. On the other hand, growing limitations in element detection, XRF technology, and examination of the composition of earth materials may impede the x-ray fluorescence analyzer market's growth throughout the forecast period.

COVID-19 Impact vs  Opportunities for Global X-ray Fluorescence Analyzer Market:

The amount of time that passes between the onset of early symptoms and the imaging procedure could be a key influence in the accuracy of X-ray findings. While no symptoms of the sickness were seen in X-rays for the first three days following the onset of coughing and fever, they became more apparent after 10 to 12 days. This time element appears to be confirmed by an Italian study with 72 symptomatic patients published in mid-April 2020. All of the patients were already under quarantine at home at the time of the imaging procedure and had come to the hospital because their symptoms had declined. The significant increase in demand for X-ray fluorescence (XRF) as a result of technological advances in measurement science and standards for X-ray fluorescence (XRF) is expected to be a major market driver. The X-ray fluorescence (XRF) market is predicted to grow in the next years, due to infrastructure and rising demand for X-ray fluorescence (XRF) devices from the cement sector for quality control. X-ray fluorescence (XRF) demand is predicted to rise in the coming years as a result of rapid industrialization and the implementation of X-ray fluorescence (XRF) policies by a number of governments.

X-ray Fluorescence Analyzer Market Dynamics:

• Drivers:

Handheld XRF has traditionally been used to separate gross alloy series in light alloys (for example, 2000 from 7000 series aluminum alloys). OES has long been the portable method of choice for sorting Al alloys. However, recent advancements in handheld XRF alloy analyzers may now be used to separate grades within series in more detail. On-line XRF differentiates sorts of scrap in a way that other technologies can't. Meatballs (electric motor alternators consisting of copper wire coiled around iron cores), glass, and high-end non-ferrous separation (i.e., grades of stainless steel and specific Aluminum grades) are the three most common scrap categories that only XRF systems can separate in high-speed sorting systems.

• Opportunities:

One of two X-ray fluorescence methods used for elemental analysis is energy dispersive X-ray fluorescence (EDXRF). In EDXRF spectrometers, all of the elements in the sample are excited at the same time, and an energy dispersive detector and a multi-channel analyzer are used to collect the fluorescence radiation emitted from the sample at the same time and then separate the different energies of the characteristic radiation from each of the different sample elements. The detector determines the resolution of EDXRF devices, which generally varies from 150 eV to 600 eV. ED-XRF systems are known for their ease of use, speed of operation, absence of moving components, and high source efficiency. Major gains in sensitivity and precision, cycle time and throughput, ease of use, compactness, and cost of ownership are only a few benefits

• Restraint:

X-ray fluorescence (XRF) technology makes use of a material's intrinsic emission qualities to determine its elemental makeup. It's one of the most used procedures for determining the chemical composition of materials at trace and ultra-trace levels. Extreme adaptability, non-destructiveness, and excellent levels of precision owing to the technology's trustworthy underlying physics are only a few of the numerous advantages of X-ray fluorescence technology. However, this industry-leading approach of materials characterization has limitations.

Value Chain Analysis

The x-ray fluorescence analyzer market is growing steadily and is expected to upsurge in the near future. Various key players operating in the x-ray fluorescence analyzer market are investing huge capital in optimizing the supply chain and reducing operational costs. The supply chain analysis for the x-ray fluorescence analyzer market comprises five major levels, which start with the R&D followed by manufacturing, testing, distribution and finally supplied to the end users.

X-ray Fluorescence Analyzer Market Segment Overview

The global X-ray Fluorescence Analyzer Market has been segmented on the basis of industry vertical and region

The global X-ray Fluorescence Analyzer Market, based on industry vertical, has been segmented into pharmaceuticals & healthcare, food & agriculture, metals & alloys, criminal investigation and others. The metals & alloys segment dominated the market share in 2021, and is projected to witness a growth rate of CAGR 4.4% during the anticipated time frame.

Regional Analysis

The global X-ray Fluorescence Analyzer Market has been studied across Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.

North America accounted for the largest market share in 2021. The region is anticipated to witness considerable growth due to use of x-ray fluorescence analyzers in various industries such as oil & gas, pharmaceutical, chemicals, metal, and mining has propelled the demand for the market.

Asia-Pacific is the fastest-growing region. The region to register the highest CAGR due to use of x-ray fluorescence for quickly analyzing the material and the thickness of the coating on metal and jewelry products has influenced the demand for the market. The region has been segmented, by country, into China, India, Japan, South Korea, Southeast Asia and rest of Asia-Pacific. China is expected to dominate the market during the forecast period.

Competitive Landscape

The global market for Inspection Analysis Device is projected to witness healthy growth during the forecast period, owing to the ability to analyse data in a simpler and faster manner.

Key players operating in the global X-ray Fluorescence Analyzer Market include Bruker Corporation, Spectro Analytical Instruments Gmbh, Thermo Fisher Scientific, Horiba, Ltd, Malvern Panalytical Ltd, JEOL LTD, Hitachi, Olympus Corporation, G.N.R. S.R.L. - Analytical Instruments Group and  Rigaku Corporation.

Recent Developments

Rigaku Corporation partnered with Carlyle Group. The companies agreed to jointly acquire all outstanding shares of Rigaku through a holding company to be newly set up by Carlyle and Mr. Hikaru Shimura, the President and CEO of Rigaku. By partnering with Carlyle, Rigaku aims to capture this growth in global demand while maximizing Rigaku's corporate value and strengthening its brand and will seek to list the holding company in the coming years. On January 2021

Thermo Fisher Scientific launched the New Handheld XRF Analyzer for Elemental Detection. The new Thermo Scientific Niton XL5 Plus handheld XRF analyzer helps businesses mitigate risk through the use of x-ray fluorescence technology by providing lab-quality elemental analysis directly in the field. On February 2021

Report Overview

As per MRFR, the global X-ray Fluorescence Analyzer Market has been growing significantly over the past few years. The global X-ray Fluorescence Analyzer Market has been segmented on the basis of industry vertical, and region. Based on region, the X-ray Fluorescence Analyzer Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Objective of the Study

• To provide a comprehensive analysis of the X-ray Fluorescence Analyzer Market and its sub-segments, thereby providing a detailed structure of the industry


• To provide detailed insights into factors driving and restraining the growth of the global X-ray Fluorescence Analyzer Market


• To estimate the size of the global fuel cards market where 2018 to 2020 would be the historical period, 2021 shall be the base year, and 2022 to 2030 will be the forecast period for the study


• To analyze the global fuel cards market in five main regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa, and South America


• To provide country-wise market value analysis for various segments of the X-ray Fluorescence Analyzer Market


• To provide strategic profiling of key companies present across the globe and comprehensively analyze their competitiveness/competitive landscape in this market


• To provide a value chain for the X-ray Fluorescence Analyzer Market

Scope of the Report

The scope of the global X-ray Fluorescence Analyzer Market study includes the market size analysis and a detailed analysis of the vendor’s products and strategies. The global X-ray Fluorescence Analyzer Market has been segmented on the basis of component, project lifecycle, deployment model, end user and region.

Intended Audience

• Inspection Analysis Device Administrators


• Inspection Analysis Device manufacturers and providers


• Consumer electronics industry


• Software integrators


• IT enterprises


• Technology investors


• Regulatory industries


• Government bodies