X-ray Photoelectron Spectroscopy (XPS) Market Growth Rate,
Dynamics, Key Opportunities, Company Overview By 2022
“X-ray Photoelectron Spectroscopy (XPS) Market is likely to cross USD 712.4
million owing to rise in demand for medical research, minimal medication
error and technological progress. The market is driven by factors such as rise
in government initiatives to create awareness pertaining to contamination
level in drugs.”
The global X-Ray Photoelectron Spectroscopy Market is likely to cross USD 712.4 million owing to rise in
demand for medical research, minimal medication error and technological progress. The market is driven by
factors such as rise in government initiatives to create awareness pertaining to contamination level in drugs &
formulations coupled with R&D analysis is expected propel the market growth. Rise in government regulations
and certifications emphasizing drug safety for various raw materials and formulation are expected to contribute
to the X-Ray photoelectron spectroscopy industry in the forthcoming period. However, significant costs of set
up for new market entrants are likely to create hindrances in the market growth in the forecast period up to
2025.
X-Ray photoelectron spectroscopy also termed as electron spectroscopy for chemical investigation is widely
used to investigate chemical proportion of surfaces. The proliferated use of XPS in investigative laboratories
across the globe acts as a problem solving capability of the technique. The capacity to discover the initial atomic
layers to assign chemical states to the discovered atoms renders X-Ray photoelectron spectroscopy to be an
optimal addition to any analytical theory. X-Ray photoelectron spectroscopy market is segmented by use,
application, and geography. Use segment dominates the market scenario owing to rise in diverse applicability
such as element detection, density estimation, contamination detection and empirical formulation. Element
detection accounts for significant market share during the forecast period owing to efficiency and accuracy
offered.
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