Question-and-Answer Session
Thank you. [Operator Instructions] Our first question comes from Ross Muken with Deutsche Bank.
Mike Dauchy - Deutsche Bank
Hey guys, Mike Dauchy [ph] here for Ross. He is another call, but congratulations on a great quarter.
Marijn E. Dekkers - President and Chief Executive Officer
Thanks, Mike.
Mike Dauchy - Deutsche Bank
I want to talk a little bit about some of the raw material stuff you mentioned, some of the sourcing initiatives you are taking. How quickly will those take shape and could you talk a little more about those versus the pricing impact you have and some of the offsets you're making?
Peter M. Wilver - Senior Vice President and Chief Financial Officer
Well, in terms of the sourcing initiatives, those are something that we have been working on since the beginning of Thermo Electron eight years ago. So, it is not anything new for us, but we are initiating some incremental actions to try to help offset some of the inflation that we are seeing. And as you mentioned, we are raising prices in some specific businesses to try to offset that. What we expect to see is, probably a slightly negative impact in Q3 in terms of the net of those actions and then in Q4, to essentially make it all backup in the quarter with maybe a little bit extra to offset what we missed in Q3. So in terms of dollars, we are talking in the single millions of dollars of hurt in Q3 and maybe a couple of million benefit net, when you get to Q4.
Mike Dauchy - Deutsche Bank
That's what we saw, but just wanted to clarify. And then just talk a little bit more about the emerging markets. China has been a stronger market for you post Thermo Fisher merger and India is showing tremendous growth. Can you talk about a little more about any more of the emerging markets you are seeing pockets of growth and what are the next strong opportunities for you?
Marijn E. Dekkers - President and Chief Executive Officer
Yes, Mark this is Marijn. Obviously, China and India have been very good. Other areas are places like the Middle East. Quite a lot of investment going into new universities that are being built in Saudi Arabia, for instance, or just in general, you know, with supporting infrastructure with hospitals, universities, and then also petrochemical industries that is doing very well there. We are also seeing very good demand in countries that are particularly strong in mining, minerals. So, places like Australia, Chile, Russia who are booming right now from a materials point of view. We see strong demand for instrument systems that help them analyze, what it is that they are mining.
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