According to a new market research report Atomic Spectroscopy Market by Technology ( Atomic Absorption Spectroscopy / X - Ray Fluorescence / X - Ray Diffraction / ICP - Ms / ICP - OES ) & by Application ( Food & Beverage Testing / Pharmaceuticals & Biotechnology / Environmental Testing ) - Analysis & Global Forecast to 2020 , published by MarketsandMarkets , the global market is expected to reach USD 5.60 Billion by 2020 from USD 4.18 Billion in 2015 at a CAGR of 6.0 % during the forecast period .