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Elemental Analyzer Market - Key Research Findings

  1. Global elemental analyzer market size in 2018 – nearly US$ 3.8 Bn
  2. The elemental analyzer market is expected to observe a CAGR of approximately 5.8% over 2019-2027. 
  3. 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. Of these, nickel has witnessed the highest increase of approximately 30%.
    • Precious metals are estimated to increase by 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.
  4. Middle East & Africa, and Asia Pacific will remain among the most lucrative regional markets for elemental analyzers.
    • In the Middle East & Africa, Saudi Arabia is one of the leading providers of oil, gas, and natural resources.
    • In Asia Pacific, China and India are registering significant growth in the construction industry, which is estimated to significantly drive the growth of elemental analyzer market.
  5. Rapid growth has been observed in the pharmaceutical & mining and construction industries, which is expected to significantly contribute to the global growth of the elemental analyzer market at a significant CAGR during the forecast period.
  6. The availability of benchtop and handheld/portable elemental analyzers is expected to boost the market
    • The increasing demand for elemental analyzers in the field of mining industries and petrochemical industries is expected to boost the elemental analyzer market across the globe over the forecast period. Elemental analyzers are robust, easy to use, and provide accurate & reliable results in lesser time.
    • Another factor that propels the demand for elemental analyzers is the presence of prominent players in developed and developing regions.

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Top 3 Factors Shaping the Elemental Analyzer Market

  • Increasing demand in the pharmaceutical industry

    The pharmaceutical industry is growing a rapid pace. Elemental analyzers are used in the pharmaceutical industry to measure the concentration of carbon, sulphur, oxygen, and hydrogen content in pharmaceutical products. The increasing usage of elemental analyzers in the pharmaceutical industry to ensure the quality of pharmaceutical products is boosting the elemental analyzer market across the globe.

  • Frequent usage in the mining industry

    Elemental analyzers are mainly designed for the analysis of ores, rocks, and coal. Elemental analyzers are used to measure the carbon and sulphur content of fuel, as the carbon and sulphur content indicates the effective calorific value, which decides the quality of the fuel. Frequent use of elemental analyzers in the mining industry to measure the accurate proportion of carbon and sulphur is boosting the demand for elemental analyzers.

  • Increasing demand for user-friendly elemental analyzers

    Increasing demand for the determination of the elemental composition of solid materials is one of the prime factors that is accelerating the growth of the elemental analyzer market. Elemental analyzers can analyse inorganic and organic materials and provide reliable results.

    Simultaneous sulphur and carbon determination makes elemental analyzers user-friendly. The increasing demand for elemental analyzers in industries such as construction, mining, petrochemical, and pharmaceutical industries, for the determination of the elemental composition of material is promoting the growth of the elemental analyzer market.

Elemental Analyzer Market Structure Analysis

  • Top companies in the elemental analyzer market include Thermo Fisher Scientific, SPECTRO Analytical Instruments GmbH, and Hitachi High-Technologies Corporation.
  • While most of the key players maintain a strategic focus on the Asia Pacific and Middle East Africa markets, and the report underlines that technological developments will be a significant developmental strategy for manufacturers
  • Leading players in the elemental analyzer market are also concentrating on expanding the trend of adopting advanced elemental analyzers, whereas cost-effectiveness will remain a strong variation strategy
Nikhil Kaitwade
Nikhil Kaitwade

Principal Consultant

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Key Segment

Based on the product type

  • C-H-S analyzer
  • O-N-H analyzer
  • XRF analyzer

Based on the modularity type

  • benchtop
  • portable/handheld elemental analyzer

Based on the end use

  • mining
  • petrochemical
  • construction
  • steel
  • pharmaceutical industry

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Frequently Asked Questions

What is the Growth Outlook for the Elemental Analyzers Market?

The growth outlook for the elemental analyzers market is predicted to advance at a CAGR of 5.8% from 2022 to 2032.

Which Region Leads the Elemental Analyzers Market?

The Middle East & Africa and Asia-Pacific regions will remain among the most lucrative regional markets for the elemental analyzers during the forecast period.

How much Growth Potential does the Elemental Analyzers Market hold?

The elemental analyzers market is likely to hold a valuation of US$ 8.37 billion by 2032.

Which sector is the key end user in the Elemental Analyzers Market?

The construction industry sector is projected to be the key end user in the elemental analyzers market.

Table of Content

1. Global Elemental Analyzer Market  Market - Executive Summary

2. Global Elemental Analyzer Market  Market Overview

      2.1. Introduction

             2.1.1. Global Elemental Analyzer Market  Market Taxonomy

             2.1.2. Global Elemental Analyzer Market  Market Definition

      2.2. Global Elemental Analyzer Market  Market Size (US$ Mn & Volume) and Forecast, 2013-2027

             2.2.1. Global Elemental Analyzer Market  Market Y-o-Y Growth

      2.3. Global Elemental Analyzer Market  Market Dynamics

      2.4. Supply Chain

      2.5. Cost Structure

      2.6. Pricing Analysis 

      2.7. Macro-Economic Factors

             2.7.1. Fossil fuel energy consumption

             2.7.2. GDP per Unit of Energy Use

             2.7.3. Ores and Metals Exports

             2.7.4. Pharmaceutical Industry Outlook

             2.7.5. Global GDP Outlook

             2.7.6. Global R&D expenditure by country 

      2.8. Key Participants Market Presence (Intensity Map) By Region

3. Global Elemental Analyzer Market  Market Analysis and Forecast 2013-2027 

      3.1. Global Elemental Analyzer Market  Market Size and Forecast By Modularity Type, 2013-2027

             3.1.1. Benchtop Elemental Analyzer Market Size and Forecast, 2013-2027

                      3.1.1.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.1.1.2. Market Share Comparison, By Region

                      3.1.1.3. Y-o-Y growth Comparison, By Region

             3.1.2. Portable/handheld Elemental Analyzer Market Size and Forecast, 2013-2027

                      3.1.2.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.1.2.2. Market Share Comparison, By Region

                      3.1.2.3. Y-o-Y growth Comparison, By Region

      3.2. Global Elemental Analyzer Market  Market Size and Forecast By Product Type, 2013-2027

             3.2.1. C-H-S Analyzer Market Size and Forecast, 2013-2027

                      3.2.1.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.2.1.2. Market Share Comparison, By Region

                      3.2.1.3. Y-o-Y growth Comparison, By Region

             3.2.2. O-N-H Analyzer Market Size and Forecast, 2013-2027

                      3.2.2.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.2.2.2. Market Share Comparison, By Region

                      3.2.2.3. Y-o-Y growth Comparison, By Region

             3.2.3. XRF Analyzer Market Size and Forecast, 2013-2027

                      3.2.3.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.2.3.2. Market Share Comparison, By Region

                      3.2.3.3. Y-o-Y growth Comparison, By Region

      3.3. Global Elemental Analyzer Market  Market Size and Forecast By End Use, 2013-2027

             3.3.1. Mining Market Size and Forecast, 2013-2027

                      3.3.1.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.3.1.2. Market Share Comparison, By Region

                      3.3.1.3. Y-o-Y growth Comparison, By Region

             3.3.2. Petrochemical Market Size and Forecast, 2013-2027

                      3.3.2.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.3.2.2. Market Share Comparison, By Region

                      3.3.2.3. Y-o-Y growth Comparison, By Region

             3.3.3. Construction Market Size and Forecast, 2013-2027

                      3.3.3.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.3.3.2. Market Share Comparison, By Region

                      3.3.3.3. Y-o-Y growth Comparison, By Region

             3.3.4. Steel Market Size and Forecast, 2013-2027

                      3.3.4.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.3.4.2. Market Share Comparison, By Region

                      3.3.4.3. Y-o-Y growth Comparison, By Region

             3.3.5. Pharmaceutical Market Size and Forecast, 2013-2027

                      3.3.5.1. Revenue (US$ Mn) & Volume Comparison, By Region

                      3.3.5.2. Market Share Comparison, By Region

                      3.3.5.3. Y-o-Y growth Comparison, By Region

4. North America Elemental Analyzer Market  Market Size and Forecast, 2013-2027

      4.1. Revenue (US$ Mn) & Volume Comparison, By Country 

      4.2. Revenue (US$ Mn) & Volume Comparison, By Modularity Type 

      4.3. Revenue (US$ Mn) & Volume Comparison, By Product Type 

      4.4. Revenue (US$ Mn) & Volume Comparison, By End Use 

5. Latin America Elemental Analyzer Market  Market Size and Forecast, 2013-2027

      5.1. Revenue (US$ Mn) & Volume Comparison, By Country 

      5.2. Revenue (US$ Mn) & Volume Comparison, By Modularity Type 

      5.3. Revenue (US$ Mn) & Volume Comparison, By Product Type 

      5.4. Revenue (US$ Mn) & Volume Comparison, By End Use 

6. Europe Elemental Analyzer Market  Market Size and Forecast, 2013-2027

      6.1. Revenue (US$ Mn) & Volume Comparison, By Country 

      6.2. Revenue (US$ Mn) & Volume Comparison, By Modularity Type 

      6.3. Revenue (US$ Mn) & Volume Comparison, By Product Type 

      6.4. Revenue (US$ Mn) & Volume Comparison, By End Use 

7. Japan Elemental Analyzer Market  Market Size and Forecast, 2013-2027

      7.1. Revenue (US$ Mn) & Volume Comparison, By Country 

      7.2. Revenue (US$ Mn) & Volume Comparison, By Modularity Type 

      7.3. Revenue (US$ Mn) & Volume Comparison, By Product Type 

      7.4. Revenue (US$ Mn) & Volume Comparison, By End Use 

8. APEJ Elemental Analyzer Market  Market Size and Forecast, 2013-2027

      8.1. Revenue (US$ Mn) & Volume Comparison, By Country 

      8.2. Revenue (US$ Mn) & Volume Comparison, By Modularity Type 

      8.3. Revenue (US$ Mn) & Volume Comparison, By Product Type 

      8.4. Revenue (US$ Mn) & Volume Comparison, By End Use 

9. MEA Elemental Analyzer Market  Market Size and Forecast, 2013-2027

      9.1. Revenue (US$ Mn) & Volume Comparison, By Country 

      9.2. Revenue (US$ Mn) & Volume Comparison, By Modularity Type 

      9.3. Revenue (US$ Mn) & Volume Comparison, By Product Type 

      9.4. Revenue (US$ Mn) & Volume Comparison, By End Use 

10. Global Elemental Analyzer Market  Market Company Share, Competition Landscape and Company Profiles

      10.1. Company Share Analysis

      10.2. Competition Landscape

      10.3. Company Profiles

             10.3.1. Shinn Fu Company of America Inc.

             10.3.2. Emerson Manufacturing

             10.3.3. QuickJack, LLC

             10.3.4. Jinyun County Zhaoshi Tools Co., Ltd.

             10.3.5. ESCO

             10.3.6. Gray Manufacturing

             10.3.7. PowerStation, LLC (ARCAN)

             10.3.8. Sunex Tools.

             10.3.9. Shanghai Arch Auto Equipment Co., Ltd.

             10.3.10. Zhejiang Yipeng Machinery Co.,Ltd.

             10.3.11. Jiaxing Datong Machinery Co., Ltd. 

             10.3.12. Powerbuilt Tools

11. Research Methodology

12. Secondary and Primary Sources

13. Assumptions and Acronyms

14. Disclaimer

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