X-Ray Photoelectron Spectroscopy Market Analysis, Demand, Growth, Trends, Industry Developments, Revenue Forecast to 2027
The X-ray photoelectron spectroscopy market was valued at US$ 554.07 million in 2019 and is expected to grow at a CAGR of 6.2% from 2020 to 2027 to reach US$ 896.90 million by 2027.
X-ray photoelectron spectroscopy (XPS) is a quantitative spectroscopic technique that is used to measure the elemental composition, empirical formula, chemical state, and electronic state of the elements that exist within a given sample. The global X-ray photoelectron spectroscopy market is driven by factors such as increasing demand for high-performance materials and increasing funding by private bodies in R&D, but the shortage of skilled professionals is anticipated to restrain the market growth during the forecast period. However, development opportunities in emerging countries are likely to deliver substantial growth opportunities to improve market share for industry players in the near future.
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Leading companies operating in the x-ray photoelectron spectroscopy market are Shimadzu Corporation, Physical Electronics Inc, Thermo Fisher Scientific Inc., Japan Electrons Optic Laboratory Company Limited, Revera Incorporated, SPECS GmBH, Prevac, Scienta Omicron, Staib Instruments, OCI Vacuum Microengineering Inc. among others.
The market for x-ray photoelectron spectroscopy is expected to grow, owing to factors such as increasing demand for high-performance materials and increasing funding by private bodies in R&D. Moreover, development opportunities in emerging countries are likely to have a positive impact on the growth of the market in the coming years.
Increasing Demand for High-Performance Materials
X-ray photoelectron spectroscopy (XPS) is a technique, which is used to analyze the surface chemistry of a material. The XPS technique is also known as electron spectroscopy for chemical analysis (ESCA), which is a well-established method for the chemical characterization of material surfaces. The suppliers and manufacturers of both technical and commercial textiles are focusing on developing XPS as an ideal tool to support the optimization and development of the types of surface coating or treatment demanded by the consumers. Polymer meshes, such as polyester and polypropylene, are used for the surgical repair of hernias and other soft tissue defects.
Although there is the use of mesh materials in the surgery, their implantation can be associated with severe infection rates. In order to reduce the infection rates of such meshes, their surface properties have to be improved. Also, many problems associated with modern materials can be solved by understanding the chemical and physical interactions that occur at the interfaces of a material’s layers or surface. The surface will influence such factors as catalytic activity, corrosion rates, wettability, adhesive properties, contact potential, and failure mechanisms. Thus, the rising demand for high-performance materials proportionally upsurges the market for X-ray photoelectron spectroscopy in the forecast period.
Product type segments of the x-ray photoelectron spectroscopy market include monochromatic x-ray photoelectron spectroscopy and non-monochromatic x-ray photoelectron spectroscopy. The monochromatic x-ray photoelectron spectroscopy segment captured the largest share in the global X-ray photoelectron spectroscopy market. Monochromatic x-ray photoelectron spectroscopy has an aluminum monochromatic x-ray source that can analyze a wide range of samples. When a monochromator is used, the distance between the X-ray source and the sample is larger than when using a non-monochromatic source, and hence there is less risk of sample damage. Therefore, the monochromatic x-ray photoelectron spectroscopy offers many advantages over the non-monochromatic x-ray photoelectron spectroscopy.
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