X-ray Photoelectron Spectroscopy Market Size, Share Global Analysis Report, 2022 – 2028

Industry Insights

[214 + Pages Report] According to Facts and Factors, the global X-ray photoelectron spectroscopy market size was worth around USD 522 million in 2021 and is predicted to grow to around USD 811 million by 2028 with a compound annual growth rate (CAGR) of roughly 6.5% between 2022 and 2028. The report analyzes the global X-ray photoelectron spectroscopy market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the X-ray Photoelectron Spectroscopy market.

Market Overview

A surface-sensitive, non-destructive method called X-ray photoelectron spectroscopy (XPS) is frequently used to examine the outermost 10 nm (30 atomic layers) of both naturally occurring and artificially created materials. By measuring the binding energies of elements, which are connected to the type and strength of their chemical bonds, XPS is frequently used to ascertain the following: a) the composition of material surfaces (elemental identification), b) the relative abundances of these components on surfaces (semi-quantitative analysis), and c) the chemical state of polyvalent ions. The surfaces of many materials, including inorganic compounds (minerals), semiconductors, organic compounds, and thin films and coatings on naturally occurring and artificially created materials, are characterized using XPS. Surface-mediated processes such as sorption, catalysis, redox, dissolution/precipitation, corrosion, and evaporation/deposition type reactions are studied using XPS. The surface composition and chemistry of materials, measured on the order of a few atomic layers (10 nm), are almost always different from the "bulk" composition determined by methods such as energy dispersive spectrometry (EDS) with excitation volumes that can extend up to 3 microns into the material.

Key Insights

• As per the analysis shared by our research analyst, the global X-ray photoelectron spectroscopy market is estimated to grow annually at a CAGR of around 6.5% over the forecast period (2022-2028).
•  In terms of revenue, the global X-ray photoelectron spectroscopy market size was valued at around USD 522 million in 2021 and is projected to reach USD 811 million, by 2028. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on usage type, the contamination detection segment accounted to dominate the market in 2021.
• Based on the application, the healthcare segment is expected to hold the largest market share during the forecast period.
• Based on light source type, the monochromatic segment accounted for the largest revenue share in 2021.
• Based on region, North America is projected to dominate the market during the forecast period.

Covid-19 Impact

The COVID-19 pandemic impacted various industry such as oil & gas, manufacturing, retail, and others owing to the strict lockdown imposed by the government as well as disruption in the supply of the product & services. However, the X-ray photoelectron spectroscopy market was positively influenced by the pandemic. The X-ray photoelectron spectroscopy industry is one of the fastest-growing and most popular industries. This X-ray photoelectron spectroscopy market has been rising at a speedier rate due to the development of inventive frameworks and an increasing end-client trend. Given the debilitating impact of COVID-19 on the X-ray photoelectron spectroscopy business, companies are competing for opportunities to stay viable.

Growth Drivers

• The increasing use of XPS in various applications to drive the market growth

The increasing application of XPS in drug discovery is anticipated to drive market growth during the forecast period. The usage of X-Ray photoelectron spectroscopy in the plasma treatment of different medical textiles is projected to drive the global X-Ray photoelectron spectroscopy market. Plasma therapy entails repairing tissue damage caused by accident or surgery. Moreover, Surface qualities must be improved before the implantation of artificial mesh, which is accomplished using modern X-Ray photoelectron spectroscopy technology. This method also improves the quality of implantation material and aids in the decrease of surgical site infections. This aspect is predicted to increase the pace of acceptance of this technology shortly. Furthermore, the use of X-Ray photoelectron spectroscopy technology is becoming more popular in drug discovery research and development. For the development of these medications, biological and chemical synthetic substances must be analyzed.

Restraints

• Limited measurement of elements might be hampering the market growth

Samples for XPS should be appropriate for ultra-high vacuum conditions, as the tiny analytical area that XPS can measure is roughly 10 um. Because XPS is a surface approach, the amount of biological information it can reveal is limited. Because XPS can only test atoms with atomic numbers 3 or above, it cannot distinguish between hydrogen and helium. Moreover, Obtaining XPS spectra findings also takes a significant amount of time. Using a monochromator shortens the length of each experiment. XPS, like other surface examination technologies, has a relative error of 10% in repeated studies. Furthermore, there might be a 20% variation between the measured or inferred value and the true value.

Opportunities

• Favorable government initiatives are expected to provide lucrative opportunities for the market expansion

Favorable reimbursement policies and increased government spending on healthcare infrastructure by various nations will drive expansion in the X-ray photoelectron spectroscopy market. The presence of professionals, as well as the training provided to healthcare practitioners for operating the equipment, will be a significant growth driver for the X-ray photoelectron spectroscopy market.

Segmentation Analysis

The global X-ray photoelectron spectroscopy market is segmented based on usage type, application, light source type, and region

Based on the usage type, the global market is bifurcated into contamination detection, element detection, empirical formula determination, and density estimation. The contamination detection segment accounted to dominate the market in 2021 and is expected to show this pattern over the forecast period. Increasing the use of XPS equipment for contamination detection among researchers and scientists should drive sector growth throughout the projected period. XPS devices examine adhesive bond failures to identify contaminants and bonding chemistry inside various substances. Key industry participants, like Mitsubishi, are now focusing their efforts on R&D that will update the technology incorporated into the XPS systems, providing profitable potential for segmental expansion. On the other hand, the element detection segment is growing at the highest CAGR during the forecast period. XPS is commonly used to identify alkali metal and nonmetals with commercial applications. Furthermore, XPS detects environmental nitrogen, which aids in the control of air pollution by preserving chlorofluorocarbon levels in the atmosphere. The aforementioned considerations, together with the chemical industry's strong demand for element detection in the synthesis of certain chemicals, will support segmental expansion.

Based on the application, the global X-ray photoelectron spectroscopy market is segmented into healthcare, semiconductors, electronics, aerospace, and automotive. The healthcare segment is expected to hold the largest market share during the forecast period. The growth in the segment is attributable to the increasing use of XPS systems in the healthcare sector will boost segment growth. Cancer medicines are now being developed using graphene derivatives. The XPS technique distinguishes superior-grade nano-particles such as graphene, which increases demand for the same, consequently enhancing segmental growth shortly. Besides, the semiconductor segment is anticipated to grow at the highest CAGR during the forecast period because XPS has a wide range of applications in the semiconductor sector due to its ease of use and efficiency in data interpretation.

Based on light source type, the market is segmented into monochromatic, and non-monochromatic. The monochromatic segment held the largest revenue share in 2021 and is expected to show its dominance over the forecast period. Because of their precision and efficiency, XPS devices equipped with monochromatic light sources are frequently sought by researchers. A monochromatic light source strikes parallel to crystal planes at an ideal angle, allowing for precise surface examination of the substances under study.

Recent Developments:

• In May 2021, Thermo Fisher Scientific launched the Nexsa G2 surface analysis system, which is a fully-automated XPS designed to increase the capacity and creativity for educational and industry laboratory use. The Thermo Scientific Nexsa G2 X-Ray Photoelectron Spectrometer (XPS) System offers fully automated, high-throughput surface analysis, delivering the data to advance research and development or to solve production problems. The integration of XPS with ion scattering spectroscopy (ISS), UV photoelectron spectroscopy (UPS), reflected electron energy loss spectroscopy (REELS), and Raman spectroscopy, allows you to conduct true correlative analysis. The system now includes options for sample heating and sample biasing capabilities to increase the range of experiments now possible. The Nexsa G2 Surface Analysis System unlocks the potential for advances in materials science, microelectronics, nanotechnology development, and many other applications.
• In July 2022, ULVAC-PHI Incorporated launched the PHI GENESIS, an automated and multi-function scanning X-ray photoelectron spectrometer (XPS: X-ray Photoelectron Spectroscopy or ESCA: Electron Spectroscopy for Chemical Analysis). The PHI GENESIS is the united model of PHI's multi-functional scanning XPS instruments and was designed for automation and simplified operation.

Report Scope

Regional Analysis

• North America is expected to dominate the market during the forecast period

North America accounted for the largest global X-ray photoelectron spectroscopy market share in 2021 and is expected to show its dominance during the forecast period. The growth in the region is attributed to the growing application of XPS for drug safety and medical research, the growing popularity of hyphenated technology, ongoing technological advancements, and the growing demand for spectroscopy in industrial and environmental industries. Furthermore, the presence of major players such as ThermoFisher Scientific, Bruker, and others is anticipated to boost the market growth in the region. Besides, The Asia Pacific XPS market is predicted to develop at the fastest CAGR throughout the forecast period, owing to the huge number of unexplored potentials in India and China's rising markets, as well as continually increasing healthcare infrastructure in these regions.

Competitive Analysis

• Olympus Corporation 
• Hefei Jingpu Sensor Technology Co. Ltd. 
• HORIBA 
• Hitachi Ltd. 
• Helmut Fischer 
• Dandong Dongfang Measurement & Control Technology Co. Ltd. 
• The British Standards Institution 
• Bruker 
• Bourevestnik 
• SPECTRO Analytical Instruments GmbH 
• Rigaku Corporation 
• FAST ComTec GmbH 
• Malvern Panalytical Ltd 
• ThermoFisher Scientific. 

The global X-ray photoelectron spectroscopy market is segmented as follows:

By Usage Type

• Contamination Detection
• Element Detection
• Empirical Formula Determination
• Density Estimation

By Application

• Healthcare
• Semiconductors
• Electronics
• Aerospace
• Automotive

By Light Source Type

• Monochromatic
• Non-Monochromatic

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic Countries
    • Denmark
    • Sweden
    • Norway
  • Benelux Union
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America