Global Positive Material Identification Market, Size, Trends and Growth Opportunity, By Offering (Equipment, Services), Technique (X-Ray Fluorescence (XRF), Optical Emission Spectrometry (OES)), Form Factor (Portable Analyzers, Benchtop Analyzers), Industry (Oil and Gas, Metals and Heavy Machinery, Automotive, Scrap Recycling, Chemicals, Power Generation, Pharmaceutical) By Region and forecast till 2027.
Global Positive Material Identification Market
Global Positive Material Identification Market Size was valued at USD 2883.40 million in 2021 and is slated to reach at USD 3964.13 million by 2027 at a CAGR of 6.74 % from 2022-2027.
In order to confirm that the intended materials are the actual materials utilized, positive material identification, or PMI, is the process of studying and identifying materials using a range of non-destructive procedures. It can determine a material's metallic alloy composition. It is also a tried-and-true technique that may be applied with portable instruments in the field or a lab.
Market Drivers
In general, mechanical integrity failures, such as pressured system rupture, stress corrosion cracking, and flow accelerated corrosion, are prominent causes of industrial accidents in the industrial sectors. To avoid probable product failure during manufacturing, positive material identification is used. In order to prevent failure, it is highly demanded in end-user sectors like oil and gas, power generation, and pharmaceutical plants. It is used for pre-service and in-service inspection of vital parts and welds. Positive Material Identification is a frequently used non-destructive testing technique that must adhere to a number of guidelines and regulations. In addition, rising disposable income and consumer purchasing power have a further positive impact on market demand. The market has grown as a result of factors like a rise in the number of large-scale infrastructure projects worldwide and a tendency for outsourcing PMI testing and inspection services to third-party services.
Market Restraints
The high cost of positive material identification is one of the obstacles to business expansion. Positive material identification (PMI) is expensive overall and has a high implementation cost for small manufacturing facilities, which restrains market expansion. Skilled employees are needed for the setup and management of the several positive material identification (PMI) processes. The expansion of the market is further constrained by a shortage of qualified staff to operate this equipment. During the course of the forecast period, this factor is anticipated to present a challenge for the market for positive material identification.
Impact of COVID-19
The COVID-19 epidemic has had a severe negative impact on society and the economy. Numerous organisations' supply chains and value chains have been impacted by the pandemic. No exception applies to the positive material identification (pmi) market. On the basis of the entire industry, taking into account both the demand side and supply side viewpoints, the impact of the COVID-19 pandemic will be examined. The pandemic's consequences would be researched and examined for both short- and long-term situations. This will help all industry participants, including suppliers, manufacturers, vendors, distributors, and end-users, to develop business strategies for the time during the pandemic as well as the time after the pandemic.
Market Segmentation
Global Positive Material Identification Market is segmented into By Offering such as Equipment, Services. By Technique such as X-Ray Fluorescence (XRF), Optical Emission Spectrometry (OES). By Form Factor such as Portable Analyzers, Benchtop Analyzers. By Industry such as Oil and Gas, Metals and Heavy Machinery, Automotive, Scrap Recycling, Chemicals, Power Generation, Pharmaceutical. 
Regional Analysis
Global Positive Material Identification Market is segmented into five regions Americas, Europe, Asia-Pacific, and the Middle East & Africa. Because to the region's expanding large-scale infrastructure projects over the projection period of 2022 to 2029, North America currently holds a dominant position in the positive material identification market. Due to the rapid growth of end-user industries like electronics, the automotive, and healthcare sectors in the growing nations within the area, Asia-Pacific is anticipated to have considerable growth over the forecast period of 2022 to 2027.
Key Players
This report includes a list of numerous Key Players, namely Olympus Corporation (Japan), Thermo Fisher Scientific Inc (U.S.), Simadzu Corporation(Japan), Malvern Panalytical Ltd (Netherlands), SGS Group (Switzerland), Bureau Veritas (France), Intertek Group plc (U.K.), TÜV SÜD (Germany), Torontech (Canada), Applus Services S.A. (Spain).
Market Taxonomy  
By Offering
• Equipment
• Services
By Technique
• X-Ray Fluorescence (XRF)
• Optical Emission Spectrometry (OES))
By Form Factor
• Portable Analyzers
• Benchtop Analyzers
By Industry
• Oil and Gas
• Metals and Heavy Machinery
• Automotive
• Scrap Recycling
• Chemicals
• Power Generation
• Pharmaceutical
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa.

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Global Positive Material Identification Market TOC:
1 Introduction 
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Positive Material Identification Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Positive Material Identification Market, By Offering
5.1 Y-o-Y Growth Comparison, By Offering
5.2 Global Positive Material Identification Market Share Analysis, By Offering
5.3 Global Positive Material Identification Market Size and Forecast, By Offering
5.3.1 Equipment
5.3.2 Services
6 Global Positive Material Identification Market, By Technique
6.1 Y-o-Y Growth Comparison, By Technique
6.2 Global Positive Material Identification Market Share Analysis, By Technique
6.3 Global Positive Material Identification Market Share Analysis, By Technique
6.3.1 X-Ray Fluorescence (XRF)
6.3.3 Optical Emission Spectrometry (OES))
7.Global Positive Material Identification Market, By Form Factor
7.1 Y-o-Y Growth Comparison, By Form Factor
7.2 Global Positive Material Identification Market Share Analysis, By Form Factor
7.3 Global Positive Material Identification Market Share Analysis, By Form Factor
7.3.1 Portable Analyzers
7.3.2 Benchtop Analyzers
8.Global Positive Material Identification Market, By Industry
8.1 Y-o-Y Growth Comparison, By Industry
8.2 Global Positive Material Identification Market Share Analysis, By Industry
8.3 Global Positive Material Identification Market Share Analysis, By Industry
8.3.1 Oil and Gas
8.3.2 Metals and Heavy Machinery
8.3.3 Automotive
8.3.4 Scrap Recycling
8.3.5 Chemicals
8.3.6 Power Generation
8.3.7 Pharmaceutical
9 Global Positive Material Identification Market, By Region
9.1 Global Positive Material Identification Market Share Analysis, By Region
9.2 Global Positive Material Identification Market Share Analysis, By Region
10 North America Positive Material Identification Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Positive Material Identification Market Share Analysis, By Offering
10.3 North America Positive Material Identification Market Size and Forecast, By Technique
10.4 North America Positive Material Identification Market Size and Forecast, By Form Factor
10.5 North America Positive Material Identification Market Size and Forecast, By Industry
10.6 North America Positive Material Identification Market Size and Forecast, By Country
10.6.1 U.S
10.6.2 Canada
10.6.3 Mexico
11 Europe Positive Material Identification Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Positive Material Identification Market Share Analysis, By Offering
11.3 Europe Positive Material Identification Market Size and Forecast, By Technique
11.4 Europe Positive Material Identification Market Size and Forecast, By Form Factor
11.5 Europe Positive Material Identification Market Size and Forecast, By Industry
11.6 Europe Positive Material Identification Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4 Rest of Europe
12 Asia Pacific Positive Material Identification Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia-Pacific Positive Material Identification Market Size and Forecast, By Offering
12.3 Asia-Pacific Positive Material Identification Market Size and Forecast, By Technique
12.4 Asia-Pacific Positive Material Identification Market Size and Forecast, By Form Factor
12.5 Asia-Pacific Positive Material Identification Market Size and Forecast, By Industry
12.6 Asia-Pacific Positive Material Identification Market Size and Forecast, By Country
12.6.1 China 
12.6.2 Japan
12.6.3 India
12.6.4. Rest of Asia Pacific
13 Latin America Positive Material Identification Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Positive Material Identification Market Size and Forecast, By Offering
13.3 Latin America Positive Material Identification Market Size and Forecast, By Technique
13.4 Latin America Positive Material Identification Market Size and Forecast, By Form Factor
13.5 Latin America Positive Material Identification Market Size and Forecast, By Industry
13.6 Latin America Positive Material Identification Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Positive Material Identification Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Positive Material Identification Market Share Analysis, By Offering
14.3 Middle East Positive Material Identification Market Size and Forecast, By Technique
14.4 Middle East Positive Material Identification Market Size and Forecast, By Form Factor
14.5 Middle East Positive Material Identification Market Size and Forecast, By Industry
14.6 Middle East Positive Material Identification Market Size and Forecast, By Country
14.6.1. Saudi Arabia
14.6.2. UAE
14.6.2. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1. Olympus Corporation (Japan)
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Thermo Fisher Scientific Inc (U.S.)
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. Simadzu Corporation(Japan)
 16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4. Malvern Panalytical Ltd (Netherlands)
 161 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5. SGS Group (Switzerland)
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6. Bureau Veritas (France)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7. Intertek Group plc (U.K.)
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies
16.8. TÜV SÜD (Germany)
16.8.1 Overview
16.8.2 Offerings
16.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
15.9. Torontech (Canada)
15.9.1 Overview
15.9.2 Offerings
15.9.3 Key Financials
15.9.4 Business Segment & Geographic Overview
15.9.5 Key Market Developments
15.9.6 Key Strategies
15.10. Applus Services S.A. (Spain)
15.10.1 Overview
15.10.2 Offerings
15.10.3 Key Financials
15.10.4 Business Segment & Geographic Overview
15.10.5 Key Market Developments
15.10.6 Key Strategies