

The global XRF market size is predicted to grow from US$ 1059 million in 2025 to US$ 1646 million in 2031; it is expected to grow at a CAGR of 7.6% from 2025 to 2031.
XRF (X-ray fluorescence) is a non-destructive analytical technique used to determine the elemental composition of materials. XRF analyzers determine the chemistry of a sample by measuring the fluorescent (or secondary) X-ray emitted from a sample when it is excited by a primary X-ray source.
Global key players of XRF include AMETEK, Thermo Fisher, Bruker, Rigaku, Shimadzu, etc. The top five players hold a share over 46%. Asia-Pacific is the largest market, has a share about 46%, followed by North America and Europe, with share 26% and 24%, separately. In terms of product type, Energy Dispersive (EDXRF) is the largest segment, occupied for a share of 71%, and in terms of application, Mining Industry has a share about 25 percent.
The “XRF Industry Forecast” looks at past sales and reviews total world XRF sales in 2024, providing a comprehensive analysis by region and market sector of projected XRF sales for 2025 through 2031. With XRF sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world XRF industry.
This Insight Report provides a comprehensive analysis of the global XRF landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on XRF portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global XRF market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for XRF and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global XRF.
This report presents a comprehensive overview, market shares, and growth opportunities of XRF market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Energy Dispersive (EDXRF)
Wavelength Dispersive (WDXRF)
Segmentation by Application:
Mining Industry
Cement
Food & Pharmaceutical
Environmental
Petroleum & Chemicals
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
AMETEK
Thermo Fisher
Bruker
Rigaku
Shimadzu
Olympus Corporation
Skyray
HORIBA
Hitachi High-tech
Malvern Panalytical
Focused Photonics
BSI
Shanghai Jingpu Science & Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global XRF market?
What factors are driving XRF market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do XRF market opportunities vary by end market size?
How does XRF break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global XRF Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for XRF by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for XRF by Country/Region, 2020, 2024 & 2031
2.2 XRF Segment by Type
2.2.1 Energy Dispersive (EDXRF)
2.2.2 Wavelength Dispersive (WDXRF)
2.3 XRF Sales by Type
2.3.1 Global XRF Sales Market Share by Type (2020-2025)
2.3.2 Global XRF Revenue and Market Share by Type (2020-2025)
2.3.3 Global XRF Sale Price by Type (2020-2025)
2.4 XRF Segment by Application
2.4.1 Mining Industry
2.4.2 Cement
2.4.3 Food & Pharmaceutical
2.4.4 Environmental
2.4.5 Petroleum & Chemicals
2.4.6 Others
2.5 XRF Sales by Application
2.5.1 Global XRF Sale Market Share by Application (2020-2025)
2.5.2 Global XRF Revenue and Market Share by Application (2020-2025)
2.5.3 Global XRF Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global XRF Breakdown Data by Company
3.1.1 Global XRF Annual Sales by Company (2020-2025)
3.1.2 Global XRF Sales Market Share by Company (2020-2025)
3.2 Global XRF Annual Revenue by Company (2020-2025)
3.2.1 Global XRF Revenue by Company (2020-2025)
3.2.2 Global XRF Revenue Market Share by Company (2020-2025)
3.3 Global XRF Sale Price by Company
3.4 Key Manufacturers XRF Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers XRF Product Location Distribution
3.4.2 Players XRF Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for XRF by Geographic Region
4.1 World Historic XRF Market Size by Geographic Region (2020-2025)
4.1.1 Global XRF Annual Sales by Geographic Region (2020-2025)
4.1.2 Global XRF Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic XRF Market Size by Country/Region (2020-2025)
4.2.1 Global XRF Annual Sales by Country/Region (2020-2025)
4.2.2 Global XRF Annual Revenue by Country/Region (2020-2025)
4.3 Americas XRF Sales Growth
4.4 APAC XRF Sales Growth
4.5 Europe XRF Sales Growth
4.6 Middle East & Africa XRF Sales Growth
5 Americas
5.1 Americas XRF Sales by Country
5.1.1 Americas XRF Sales by Country (2020-2025)
5.1.2 Americas XRF Revenue by Country (2020-2025)
5.2 Americas XRF Sales by Type (2020-2025)
5.3 Americas XRF Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC XRF Sales by Region
6.1.1 APAC XRF Sales by Region (2020-2025)
6.1.2 APAC XRF Revenue by Region (2020-2025)
6.2 APAC XRF Sales by Type (2020-2025)
6.3 APAC XRF Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe XRF by Country
7.1.1 Europe XRF Sales by Country (2020-2025)
7.1.2 Europe XRF Revenue by Country (2020-2025)
7.2 Europe XRF Sales by Type (2020-2025)
7.3 Europe XRF Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa XRF by Country
8.1.1 Middle East & Africa XRF Sales by Country (2020-2025)
8.1.2 Middle East & Africa XRF Revenue by Country (2020-2025)
8.2 Middle East & Africa XRF Sales by Type (2020-2025)
8.3 Middle East & Africa XRF Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of XRF
10.3 Manufacturing Process Analysis of XRF
10.4 Industry Chain Structure of XRF
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 XRF Distributors
11.3 XRF Customer
12 World Forecast Review for XRF by Geographic Region
12.1 Global XRF Market Size Forecast by Region
12.1.1 Global XRF Forecast by Region (2026-2031)
12.1.2 Global XRF Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global XRF Forecast by Type (2026-2031)
12.7 Global XRF Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 AMETEK
13.1.1 AMETEK Company Information
13.1.2 AMETEK XRF Product Portfolios and Specifications
13.1.3 AMETEK XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 AMETEK Main Business Overview
13.1.5 AMETEK Latest Developments
13.2 Thermo Fisher
13.2.1 Thermo Fisher Company Information
13.2.2 Thermo Fisher XRF Product Portfolios and Specifications
13.2.3 Thermo Fisher XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Thermo Fisher Main Business Overview
13.2.5 Thermo Fisher Latest Developments
13.3 Bruker
13.3.1 Bruker Company Information
13.3.2 Bruker XRF Product Portfolios and Specifications
13.3.3 Bruker XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Bruker Main Business Overview
13.3.5 Bruker Latest Developments
13.4 Rigaku
13.4.1 Rigaku Company Information
13.4.2 Rigaku XRF Product Portfolios and Specifications
13.4.3 Rigaku XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Rigaku Main Business Overview
13.4.5 Rigaku Latest Developments
13.5 Shimadzu
13.5.1 Shimadzu Company Information
13.5.2 Shimadzu XRF Product Portfolios and Specifications
13.5.3 Shimadzu XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Shimadzu Main Business Overview
13.5.5 Shimadzu Latest Developments
13.6 Olympus Corporation
13.6.1 Olympus Corporation Company Information
13.6.2 Olympus Corporation XRF Product Portfolios and Specifications
13.6.3 Olympus Corporation XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Olympus Corporation Main Business Overview
13.6.5 Olympus Corporation Latest Developments
13.7 Skyray
13.7.1 Skyray Company Information
13.7.2 Skyray XRF Product Portfolios and Specifications
13.7.3 Skyray XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Skyray Main Business Overview
13.7.5 Skyray Latest Developments
13.8 HORIBA
13.8.1 HORIBA Company Information
13.8.2 HORIBA XRF Product Portfolios and Specifications
13.8.3 HORIBA XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 HORIBA Main Business Overview
13.8.5 HORIBA Latest Developments
13.9 Hitachi High-tech
13.9.1 Hitachi High-tech Company Information
13.9.2 Hitachi High-tech XRF Product Portfolios and Specifications
13.9.3 Hitachi High-tech XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Hitachi High-tech Main Business Overview
13.9.5 Hitachi High-tech Latest Developments
13.10 Malvern Panalytical
13.10.1 Malvern Panalytical Company Information
13.10.2 Malvern Panalytical XRF Product Portfolios and Specifications
13.10.3 Malvern Panalytical XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Malvern Panalytical Main Business Overview
13.10.5 Malvern Panalytical Latest Developments
13.11 Focused Photonics
13.11.1 Focused Photonics Company Information
13.11.2 Focused Photonics XRF Product Portfolios and Specifications
13.11.3 Focused Photonics XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Focused Photonics Main Business Overview
13.11.5 Focused Photonics Latest Developments
13.12 BSI
13.12.1 BSI Company Information
13.12.2 BSI XRF Product Portfolios and Specifications
13.12.3 BSI XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 BSI Main Business Overview
13.12.5 BSI Latest Developments
13.13 Shanghai Jingpu Science & Technology
13.13.1 Shanghai Jingpu Science & Technology Company Information
13.13.2 Shanghai Jingpu Science & Technology XRF Product Portfolios and Specifications
13.13.3 Shanghai Jingpu Science & Technology XRF Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Shanghai Jingpu Science & Technology Main Business Overview
13.13.5 Shanghai Jingpu Science & Technology Latest Developments
14 Research Findings and Conclusion
*If Applicable.