Positive Material Identification Market Report 2026

The positive material identification market size has grown strongly in recent years. It will grow from $3.26 billion in 2025 to $3.52 billion in 2026 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to growing industrial safety awareness, increasing use of metal components in critical operations, rising regulatory compliance needs, expansion of oil and gas and manufacturing sectors, early adoption of quality assurance inspection techniques.

The positive material identification market size is expected to see strong growth in the next few years. It will grow to $4.69 billion in 2030 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to increasing demand for asset integrity management, rising focus on production reliability, growing adoption of advanced portable analyzers, expansion of industrial modernization initiatives, stronger regulatory enforcement for material validation. Major trends in the forecast period include increasing adoption of non destructive testing for quality assurance, rising emphasis on material compliance verification, growing integration of portable pmi devices, expansion of pmi applications across heavy industries, increasing demand for high precision composition analysis.

The expansion of the oil and gas industries is expected to drive the growth of the positive material identification (PMI) market. The oil and gas sector involves activities such as hydrocarbon exploration, data acquisition, field development, drilling, production, refining, distribution, and transportation. PMI is widely used across oil and gas operations to support quality assurance and safety compliance, playing a critical role in production processes and asset integrity management. For instance, in January 2023, according to the Energy Information Administration (EIA), a US-based government agency, US crude oil production was projected to average 12.4 million barrels per day in 2023 and rise to 12.8 million barrels per day in 2024. Therefore, the continued growth of the oil and gas industries is driving the expansion of the positive material identification market.

Companies operating in the positive material identification market are increasingly focusing on technological advancements, including the development of next-generation analyzers that incorporate smart and cloud-connected technologies. These innovations enable real-time data analysis, enhance accuracy in material identification, simplify compliance reporting, and support seamless integration with existing enterprise systems to improve workflow efficiency. Next-generation X-ray fluorescence (XRF) analyzers equipped with smart and cloud-enabled capabilities represent a major advancement in material analysis technology. For example, in January 2024, Evident, a Japan-based provider of scientific solutions, launched the Vanta Max and Vanta Core handheld XRF analyzers. These devices mark a significant step forward in portable elemental analysis and are primarily designed for applications in sectors such as mining, recycling, and environmental testing.

In July 2024, Spectris plc, a UK-based precision measurement and materials analysis group, acquired SciAps, Inc. for an undisclosed amount. This acquisition was aimed at strengthening Spectris’ positive material identification capabilities by integrating SciAps’ handheld XRF and laser-induced breakdown spectroscopy (LIBS) instruments, thereby expanding its materials analysis portfolio for applications including alloy verification, mining, and metals recycling. SciAps, Inc. is a US-based company specializing in handheld analytical instruments for rapid elemental and material identification.

Major companies operating in the positive material identification market report are Olympus Corporation, Thermo Fisher Scientific Corporation, Bruker Corporation, Hitachi Ltd., Ametek Inc., Malvern Panalytical, SGS S.A., Bureau Veritas, Intertek Group plc., Applus+, Shimadzu Corporation, TÜV Rheinland, TÜV SÜD America, SciAps Inc., Agilent Technologies, PerkinElmer, HORIBA, Danaher Corporation, Element Materials Technology, TUV Nord.

North America was the largest region in the positive material identification market share in 2025. The regions covered in the positive material identification market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the positive material identification market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The positive material identification (PMI) market consists of revenues earned by entities by providing services such as semi-quantitative chemical analysis. The market value includes the value of related goods sold by the service provider or included within the service offering. The positive material identification (PMI) market also includes sales of PMI analyzers for analyzing and identifying material grades. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.