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X-ray Photoelectron Spectroscopy Industry Analysis

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Table Of Content From Report Methodology and Scope

Executive Summary

XPS Industry Insights

XPS Application Insights

XPS Usage Insights

XPS Regional Insights

Competitor Profiles

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X-ray Photoelectron Spectroscopy (XPS) Market size could see USD 775.5 million in revenue by 2023; as per the latest forecast report by Global Market Insights, Inc.

Rising demand for obtaining accurate result in terms of qualitative and quantitative information, and technology innovation will drive the global x-ray photoelectron spectroscopy market size.

Contamination detection applications look the most attractive in terms of growth opportunities, with estimate of 6.4% CAGR from 2016 to 2023.

Rising popularity of hyphenated technologies under which two different techniques are coupled to uncover results is more accurate in comparison to individual techniques. For instance, the combination of thermo gravimetric analyzer with a spectrometer is the most advanced type of gas analysis used.

Global Market Scenario of X-ray Photoelectron Spectroscopy Industry

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Studies conducted by agencies such as Technical University of Munich (Germany), National Institute of Standards & Technology (NIST), and ELETTRA (Italy) concluded that XPS is cost-effective and relatively less complicated method to analyze materials. Element detection applications are set to grow at over 6% CAGR, with revenue targeted at USD 280 million for 2023.

Asia Pacific and Latin America XPS market could offer industry participants with strong growth opportunities over the coming decade, driven by critical unmet requirements, rapidly evolving healthcare infrastructure and demographics.

Spectroscopy has applications in various industries such as food, pharmaceuticals, bio-monitoring, chemicals, and mining. In all these industries, XPS is involved in the raw material analysis and finished product quality control.

High initial cost of set up is likely to work as a barrier for the entry to new firms. The market for XPS is expected to be oligopolistic in nature, where few dominant players are expected to rule the market with strong price interdependency.

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X-ray Photoelectron Spectroscopy (XPS) Market Size, by Application, 2016-2023, (USD Million)

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Application Analysis:-

X-ray photoelectron spectroscopy market in healthcare has major application in printing, and packaging. XPS analysis is used for healthcare printing materials to help determine contamination at various stages during manufacturing process, at final product testing, and during storage.

Regional Analysis:-

North America led by the U.S. XPS market size is forecast to exceed USD 300 million by 2023, still remaining the largest regional industry.

Asia Pacific, with demand being led by China and India X-ray photoelectron spectroscopy market share, is likely to witness over 7.2% revenue growth through 2023.

Latin America XPS market size is forecast to grow at over 6.5% CAGR from USD 37.4 million in revenue in 2015.

360° Analysis

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Competitive Market Share:-

Mergers and acquisitions is the major strategy adopted by the players in this market, in order to maintain leadership position.

Global X-ray photoelectron spectroscopy market share is led by Kratos Analytical, V G Scienta, Evans Analytical Group, Kett, and Intertek.

Other active players in this market include ThermoFisher Scientific, Inc. Yokogawa, and Mitsubishi Electric, among others.

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