Positive Material Identification Market: Global Industry Analysis and Forecast (2021-2027)

Positive Material Identification Market was valued at US$ 4.16 Bn. in 2020. Global Positive Material Identification Market size is estimated to grow at a CAGR of 8.23%.

Positive Material Identification Market Overview:

Positive Material Identification is a non-destructive testing (NDT) method, which is used to verify the chemical composition of metals and alloys. It is also used to verify supplied materials conform to the proper standards. Handheld X-ray fluorescence is the most common used positive material identification method. It is portable, cost-effective method, which allows PMI to be performed in the field. Positive Material Identification is used to check accurate the chemical composition of the metallic parts. It ensures that material properties like corrosion resistance meets the requirements. It is used on variety of part sizes, which is ranging from large complex parts to small fasteners. Positive Material Identification Market To know about the Research Methodology:- Request Free Sample Report Global Positive Material Identification Market is expected to grow at an 8.23% rate of CAGR, Thanks to the growing number of oil and gas refineries worldwide. Global demand for oil and gas are at their highest levels ever, with mainly dramatic growth in the Asia Pacific, the Middle East & Africa and the Americas. The report has covered the market trends from 2016 to forecast the market through 2027. 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market.

Positive Material Identification Market Dynamics:

Positive material identification market growth is driven by regulations concerning with the material mix-ups, mislabelled shipments and industrial accidents. Key players operating in the market are heavily relying on analysis to quick and accurate for determination of the chemical composition of materials and alloys. Positive Material Identification (PMI) testing is a suitable solution to ensure product quality, a safe manufacturing environment and quick results. The requirement for Positive Material Identification drives the Market Growth Generally, common causes of industrial accidents in the industrial sectors are failures in mechanical integrity, which include rupture of pressurized systems, stress corrosion cracking, flow accelerated corrosion. Positive material identification is used to prevent potential product failure in manufacturing. It has a high demand in end-user industries like oil and gas, power generation and pharmaceutical plants, pre-service and in-service inspection of critical components and welds to prevent breakdown. Positive Material Identification is a widely adopted non-destructive testing method, which has to follow several standards and recommendation.

Positive Material Identification Market Segment Analysis:

There are several non-destructive examination (NDE) methods, which is used for positive material identification. X-Ray Fluorescence (XRF) and Optical Emission Spectroscopy (OES) are widely used for identification. XRF works by exposing the material, which is to be tested to an X-ray to emit its own secondary X-rays in response. The levels of X-rays emitted are always consistent, which is based on the composition of material. By technique, the X-Ray Fluorescence (XRF) segment is expected to hold the dominant position the global positive material identification market during the forecast period. It is expected to reach US$ 2.30 Bn by 2027. The growth of the X-Ray Fluorescence (XRF) segment is because of the portability of XRF analyzers. It is highly suitable for liquids, solids, and powders. XRF analyzers are extensively used and mainly referred to as a rapid characterization tool in various analytical labs across the forensics, metallurgy, polymers, environmental analysis, archaeology, electronics, and mining applications, among others. Positive Material Identification analyzers come in a variety of shapes and sizes. It allows operators to verify the safety of their equipment to of the material. Despite the many benefits of X-Ray Fluorescence (XRF) segment, XRF cannot distinguish between material grades in certain elements such as carbon and silicon, among others. The Oil and Gas Industry: Hold the Dominant Position The oil and gas industry held the more than 20% share in 2021. The positive material identification is used for the prevention of the highly hazardous chemicals and toxic substances. In the oil and gas industry sector, some of the major issues like accidents and damage pipe leakages, premature pipe replacements, property damage have witnessed, which are increasing need for PMI Testing. It is used to check the necessary parameters of the components, which are used for piping and other useful applications in the industry.

Positive Material Identification Market Regional Insights:

The positive material identification method is used for quality control and safety compliance. It is an integral part of both production and asset integrity management across many industries like oil and gas, power, chemical, pharmaceutical, nuclear, aerospace and fabrication. The Asia-Pacific Positive Material Identification Market is expected to grow at 8.03% CAGR during the forecast period. Growing awareness about innovative quality control techniques, economic growth, and interest of foreign investors are factors driving the positive material identification market in the Asia Pacific. The PMI testing has a high demand in nonmetallic materials applications. Many companies operating in the region are focusing on renewable, green, and sustainable products, which are expected to increase the demand for metal-free products. In APAC, China held the dominant position in the market with a CAGR of 8.86%. Oil & gas industry in China accounted for US$ 55.35 Mn. in 2020 and is expected to grow at a CAGR of 9.69 % over the forecast period 2019-2027. The rapid expansion of the end-user industries like electronics, automotive, and healthcare sectors in the developing economies as China, India, South Korea, Taiwan, and other developing countries are driving growth in the APAC Market. Major players are focusing on various strategies such as developing innovating PMI solutions to expand their product portfolio and enhance their position in the global positive material identification market. The presence of prominent positive material identification companies such as Hitachi, Ametek, Bruker, Olympus and others are expected to drive the global market growth. The objective of the report is to present a comprehensive analysis of the global Positive Material Identification Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Positive Material Identification Market dynamic, structure by analyzing the market segments and projecting the Positive Material Identification Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Positive Material Identification Market make the report investor’s guide.

Positive Material Identification Market Scope: Inquire before buying

Global Positive Material Identification Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 4.16 Bn.
Forecast Period 2022 to 2027 CAGR: 8.23% Market Size in 2027: US $ 6.69 Bn.
Segments Covered: by Offering • Services • Equipment
by Technique • Optical Emission Spectrometry (OES) • X-Ray Fluorescence (XRF)
by Form Factor • Benchtop An • Portable Analyzers
by Industry • Aerospace & Defense • Oil & Gas • Metals & Heavy Machinery • Infrastructure • Automotive • Scrap Recycling • Chemicals • Power Generation • Pharmaceutical

Positive Material Identification Market by Region

• North America • Europe • Asia Pacific • Latin America • The Middle East and Africa

Positive Material Identification Market Key Players

Olympus • Hitachi • Thermo Fisher • Ametek • Bruker • Shimadzu • SGS • Intertek • Bureau Veritas • TUV SUD • Dairen Chemical • Ashland • INVISTA • LyondellBasell • Sipchem • Penn A Kem • Nova Molecular Technologies • BioAmber • Applus Services, S. A. • Elements Materials Technology • Malvern Panalytical Ltd • Torontech Inc

Frequently Asked Questions:

1] What segments are covered in the Positive Material Identification Market report? Ans. The segments covered in the Positive Material Identification Market report are based on Offering, Technique, Form Factor, Industry. 2] Which region is expected to hold the highest share in the Positive Material Identification Market? Ans. The Asia Pacific region is expected to hold the highest share in the Positive Material Identification Market. 3] What is the market size of the Positive Material Identification Market by 2027? Ans. The market size of the Positive Material Identification Market by 2027 is US$ 6.69 Bn. 4] What is the forecast period for the Positive Material Identification Market? Ans. The forecast period for the Positive Material Identification Market is 2020-2027. 5] What was the market size of the Positive Material Identification Market in 2020? Ans. The market size of the Positive Material Identification Market in 2020 was US$ 4.16 Bn.
1. Global Positive Material Identification Market Size: Research Methodology 2. Global Positive Material Identification Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Positive Material Identification Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Positive Material Identification Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Positive Material Identification Market Size Segmentation 4.1. Global Positive Material Identification Market Size, by Offering (2020-2027) • Services • Equipment 4.2. Global Positive Material Identification Market Size, by Technique (2020-2027) • Optical Emission Spectrometry (OES) • X-Ray Fluorescence (XRF) 4.3. Global Positive Material Identification Market Size, by Form Factor (2020-2027) • Benchtop An • Portable Analyzers 4.4. Global Positive Material Identification Market Size, by Industry (2020-2027) • Aerospace & Defense • Oil & Gas • Metals & Heavy Machinery • Infrastructure • Automotive • Scrap Recycling • Chemicals • Power Generation • Pharmaceutical 5. North America Positive Material Identification Market (2020-2027) 5.1. Global Positive Material Identification Market Size, by Offering (2020-2027) • Services • Equipment 5.2. Global Positive Material Identification Market Size, by Technique (2020-2027) • Optical Emission Spectrometry (OES) • X-Ray Fluorescence (XRF) 5.3. Global Positive Material Identification Market Size, by Form Factor (2020-2027) • Benchtop An • Portable Analyzers 5.4. Global Positive Material Identification Market Size, by Industry (2020-2027) • Aerospace & Defense • Oil & Gas • Metals & Heavy Machinery • Infrastructure • Automotive • Scrap Recycling • Chemicals • Power Generation • Pharmaceutical 5.5. North America Positive Material Identification Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Positive Material Identification Market (2020-2027) 6.1. European Positive Material Identification Market, by Offering (2020-2027) 6.2. European Positive Material Identification Market, by Technique (2020-2027) 6.3. European Positive Material Identification Market, by Form Factor (2020-2027) 6.4. European Positive Material Identification Market, by Industry (2020-2027) 6.5. European Positive Material Identification Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Positive Material Identification Market (2020-2027) 7.1. Asia Pacific Positive Material Identification Market, by Offering (2020-2027) 7.2. Asia Pacific Positive Material Identification Market, by Technique (2020-2027) 7.3. Asia Pacific Positive Material Identification Market, by Form Factor (2020-2027) 7.4. Asia Pacific Positive Material Identification Market, by Industry (2020-2027) 7.5. Asia Pacific Positive Material Identification Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Positive Material Identification Market (2020-2027) 8.1. The Middle East and Africa Positive Material Identification Market, by Offering (2020-2027) 8.2. The Middle East and Africa Positive Material Identification Market, by Technique (2020-2027) 8.3. The Middle East and Africa Positive Material Identification Market, by Form Factor (2020-2027) 8.4. The Middle East and Africa Positive Material Identification Market, by Industry (2020-2027) 8.5. The Middle East and Africa Positive Material Identification Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Positive Material Identification Market (2020-2027) 9.1. Latin America Positive Material Identification Market, by Offering (2020-2027) 9.2. Latin America Positive Material Identification Market, by Technique (2020-2027) 9.3. Latin America Positive Material Identification Market, by Form Factor (2020-2027) 9.4. Latin America Positive Material Identification Market, by Industry (2020-2027) 9.5. Latin America Positive Material Identification Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Olympus 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Hitachi 10.3. Thermo Fisher 10.4. Ametek 10.5. Bruker 10.6. Shimadzu 10.7. SGS 10.8. Intertek 10.9. Bureau Veritas 10.10. TUV SUD 10.11. Dairen Chemical 10.12. Ashland 10.13. INVISTA 10.14. LyondellBasell 10.15. Sipchem 10.16. Penn A Kem 10.17. Nova Molecular Technologies 10.18. BioAmber 10.19. Applus Services, S. A. 10.20. Elements Materials Technology 10.21. Malvern Panalytical Ltd 10.22. Torontech Inc

About This Report

Report ID 3146
Category Electronics
Published Date August 2019
Updated Date March 2022
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