XRD market to grow by USD 485.72 million from 2023-28

The x-ray diffractometer (XRD) market is expected to grow by USD 485.72 million from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 6.16% during the forecast period, according to Technavio Research. The market has been segmented by application (pharma, biotech, scientific research institutes, chemical, and others), type (powder XRD, single-crystal XRD, and others), and geography (North America, Europe, Asia, and the Rest of the World (ROW)). North America is estimated to contribute 36% to the growth of the global market during the forecast period. The region is characterized by significant growth, as there are many research institutes, universities, and hi-tech industries active in a wide range of R&D activities. In addition, the need to deploy XRD tools is driven by increasing emphasis on drug development and quality control.

Company profile:
Alvord Systems Inc., Angstrom Advanced Inc., Anton Paar GmbH, Bourevestnik jsc, Bruker Corp., Dandong Aolong Radiative Instrument Group Co. Ltd., Dandong Mastery Technology Co. Ltd., GNR srl, Haoyuan Instrument Co. Ltd., Malvern Panalytical Ltd., Naugra Machines India, Nova Ventures Group Corp., Olympus Corp., PG Scientific Inc., Proto Manufacturing Inc., Rigaku Corp., SES INSTRUMENTS PVT. LTD., Shimadzu Corp., Thermo Fisher Scientific Inc., and XOS

Angstrom Advanced Inc – The company offers X-ray diffractometers (XRD) such as ADX 2500 X-ray diffraction instrument, ADX 2700 X-ray diffraction instrument, and ADX 8000 Portable X-ray diffraction instrument.

Key driver
The rise in miniaturization and portability of XRDs is a key factor driving market growth. Smaller research labs and educational institutions, as well as the industry that needs onsite analysis of materials, have been benefiting greatly from the development of miniaturized and portable XRDs due to their greater affordability and accessibility.

Major trend
The growing use of XRD in non-crystalline materials analysis is a major trend in the market. Identify key trends, drivers, and challenges in the market. Technavio