Positive Material Identification Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Equipment, Service), By Type (X-Ray Fluorescence, Optical Emission Spectroscopy), By Form Factor (Handheld, Benchtop), By Industry Vertical (Metallurgy, Aerospace & Defense, Oil & Gas, Chemical, Healthcare, Energy & Power, Others), And By Geography - Forecasts From 2019 To 2024
- Published : Jun 2021
- Report Code : KSI061611734
- Pages : 127
The positive material identification market is projected to grow at a CAGR of 6.85% to reach US$3.192 billion by 2024, from US$2.145 billion in 2018. The positive material identification technique is used for determining the alloy composition of materials. The market for positive material identification is estimated to grow rapidly on account of a growing number of oil and gas refineries globally. Simultaneously, the growing investment in pharmaceutical manufacturing is further supplementing the growth of the market. Moreover, the focus on optimizing the cost of production is further anticipated to drive the market during the forecast period.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the positive material identification value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and more efficient understanding of the positive material identification market.
Major industry players profiled as part of the report are SGS SA, TÜV NORD GROUP, Olympus Corporation, Intertek Group plc, and Bureau Veritas among others.
Positive Material Identification Market Scope:
Report Metric | Details |
Market size value in 2018 | US$2.145 billion |
Market size value in 2024 | US$3.192 billion |
Growth Rate | CAGR of 6.85% from 2018 to 2024 |
Base year | 2018 |
Forecast period | 2019–2024 |
Forecast Unit (Value) | USD Billion |
Segments Covered | Component, Type, Form Factor, Industry Vertical, And Geography |
Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered | Olympus Corporation, SGS SA, Ametek, TÜV Rheinland, Bureau Veritas, Intertek Group plc, TÜV NORD GROUP, Bruker, QC Metallurgical Laboratory, Inc., Applus, TÜV SÜD |
Customization scope | Free report customization with purchase |
Segmentation
The positive material identification market has been analyzed through following segments:
By Component
Equipment
Service
By Type
X-Ray Fluorescence
Optical Emission Spectroscopy
By Form Factor
Handheld
Benchtop
By Industry Vertical
Metallurgy
Aerospace & Defense
Oil & Gas
Chemical
Healthcare
Energy & Power
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the positive material identification market size by 2024?
A1. The positive material identification market is projected to reach a total market size of US$3.192 billion by 2024.
Q2. What is the size of the global positive material identification market?
A2. Positive Material Identification Market was valued at US$2.145 billion in 2018.
Q3. What are the growth prospects for the positive material identification market?
A3. The global positive material identification market is projected to grow at a CAGR of 6.85% during the forecast period.
Q4. What factors are anticipated to drive the positive material identification market growth?
A4. The market for positive material identification is estimated to grow rapidly on account of a growing number of oil and gas refineries globally.
Q5. Who are the major players in the positive material identification market?
A5. Major industry players profiled as part of the positive material identification market report are SGS SA, TÜV NORD GROUP, Olympus Corporation, Intertek Group plc, and Bureau Veritas among others.
Olympus Corporation
SGS SA
Ametek
TÜV Rheinland
Bureau Veritas
Intertek Group plc
TÜV NORD GROUP
Bruker
QC Metallurgical Laboratory, Inc.
Applus
TÜV SÜD
Related Reports
Report Name | Published Month | Get Sample PDF |
---|---|---|
Global Nanosensors Market Size & Share: Industry Report, 2021-2026 | Aug 2021 | |
Nanomaterials Market Size & Share: Industry Report, 2023 - 2028 | May 2023 | |
Emission Monitoring Systems Market Size: Report, 2023-2028 | Feb 2023 | |
Medical Image Sensor Market Size & Share: Industry Report, 2019-2024 | May 2020 | |
X-Ray Devices Market Size & Growth: Industry Report, 2022–2027 | Oct 2022 |