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Global Geochemical Services Market: By Type: In-field Based, Laboratory Based; By Application: Scientific Research, Industrial, Statistical; By Services: Sample Preparation, Proficiency Testing, Others; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Geochemical Services Market Outlook

The global geochemical services market stood at a value of around USD 1.1 billion in 2021. The market is further estimated to grow in the forecast period of 2022-2027 at a CAGR of 5.20% to reach nearly USD 1.49 billion by 2027.

 

Rising Demand for Proficiency Testing in Analytical Chemistry is Driving the Market Growth of Geochemical Services

The increasing application of proficiency testing in analytical geochemistry laboratories is driving the segment’s growth. Proficiency testing improves the analytical accuracy in geochemical analysis and provides self-help tools for the detection of problems in data accuracy so that action can be taken at an early stage. Moreover, proficiency testing improves examination standards, provides a comparison with other laboratories, and offers insights to staff about the performance of the laboratory, hence augmenting the geochemical services market. Over the forecast period, proficiency testing is likely to emerge as a cornerstone in laboratory practices owing to the improved data quality and the rising focus to boost the competence of laboratories.

 

The Asia Pacific Accounts for a Significant Share in the Market for Geochemical Services

The market in the Asia Pacific region is being driven by the thriving metal and mining sector owing to the increasing demand for base metals in countries like India and South Korea. Over the forecast period, the rapid development of infrastructure across the region is anticipated to generate a high demand for aluminium, steel, and zinc, among others, which is likely to propel the demand for geochemical services. Moreover, the robust development of new geochemical laboratories offering a wide range of services such as pharmaceutical and raw material testing and base metal testing, among others, in emerging economies such as China, is propelling the demand for geochemical services. Furthermore, the growing research and development (R&D) activities in the region aimed toward enhancing the chemical testing capabilities in order to cater to the growing demand for chemicals from various end-use sectors are likely to provide impetus to the geochemical services market in the coming years.

 

Market Segmentation

Geochemical services refer to the branch of geochemistry which deals with the testing of chemical elements to study their origin and distribution across the planet. Geochemical services play an important role in analysing the economic concentrations of minerals and compounds across an area. Geochemical services involve various testing techniques such as sample preparation, aqua regia digestion, and fire assay, among others, to enable a complete understanding of the mineral exploration activities.

Based on type, the market can be segmented into:

  • In-field Based
  • Laboratory Based

By application, the market is divided into:

  • Scientific Research
  • Industrial
  • Statistical

On the basis of services, the market is segmented into:

  • Sample Preparation 
  • Proficiency Testing 
  • Others

The EMR report looks into the regional markets of geochemical services like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Rising Applications of Geochemical Services in the Metal and Mining Sector to Boost the Market Growth of  Geochemical Services

The increasing application of geochemical services in the metal and mining sector aimed toward the identification and analysis of the location of valuable commercial minerals such as petroleum, aluminium, nickel, and water, among others, is driving the geochemical services market. In addition, the increasing investments towards exploring and analysing the geological materials containing precious earth elements are furthering the demand for geochemical services. Over the forecast period, the increasing deployment of geochemical services in archaeological studies to facilitate the interpretation of archaeological deposits and artefacts and understand the distribution and consumption of metal and finished products is anticipated to propel the market growth. Geochemistry is also gaining traction in the study of voluminous active volcanic systems of earth like mid-ocean ridges. Furthermore, the increasing demand for commercially valuable minerals and metals from various end-use industries such as construction and industrial hygiene, among others, is anticipated to aid the market growth in the coming years.

 

Key Players in the Global Market for Geochemical Services

The report gives a detailed analysis of the following key players in the global geochemical services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Bureau Veritas Group
  • SGS SA
  • Actlabs Group
  • Intertek Group plc
  • ALS Limited
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Services
  • Region
Breakup by Type
  • In-field Based
  • Laboratory Based
Breakup by Application
  • Scientific Research
  • Industrial
  • Statistical
Breakup by Services
  • Sample Preparation 
  • Proficiency Testing 
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bureau Veritas Group
  • SGS SA
  • Actlabs Group
  • Intertek Group plc
  • ALS Limited
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Geochemical Services Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Geochemical Services Historical Market (2017-2021) 
    8.3    Global Geochemical Services Market Forecast (2022-2027)
    8.4    Global Geochemical Services Market by Type
        8.4.1    In-field Based
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Laboratory Based
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Geochemical Services Market by Application
        8.5.1    Scientific Research
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Industrial
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Statistical
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Geochemical Services Market by Services
        8.6.1    Sample Preparation 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Proficiency Testing 
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Others
    8.7    Global Geochemical Services Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Competitive Landscape
    11.1    Market Structure
    11.2    Company Profiles
        11.2.1    Bureau Veritas Group
            11.2.1.1    Company Overview
            11.2.1.2    Product Portfolio
            11.2.1.3    Demographic Reach and Achievements
            11.2.1.4    Certifications
        11.2.2    SGS SA
            11.2.2.1    Company Overview
            11.2.2.2    Product Portfolio
            11.2.2.3    Demographic Reach and Achievements
            11.2.2.4    Certifications
        11.2.3    Actlabs Group
            11.2.3.1    Company Overview
            11.2.3.2    Product Portfolio
            11.2.3.3    Demographic Reach and Achievements
            11.2.3.4    Certifications
        11.2.4    Intertek Group plc
            11.2.4.1    Company Overview
            11.2.4.2    Product Portfolio
            11.2.4.3    Demographic Reach and Achievements
            11.2.4.4    Certifications
        11.2.5    ALS Limited
            11.2.5.1    Company Overview
            11.2.5.2    Product Portfolio
            11.2.5.3    Demographic Reach and Achievements
            11.2.5.4    Certifications
        11.2.6    Others
12    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Geochemical Services Market: Key Industry Highlights, 2017 and 2021
2.    Global Geochemical Services Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Geochemical Services Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Geochemical Services Historical Market: Breakup by Application (USD Billion), 2017-2021
5.    Global Geochemical Services Market Forecast: Breakup by Application (USD Billion), 2022-2027
6.    Global Geochemical Services Historical Market: Breakup by Services (USD Billion), 2017-2021
7.    Global Geochemical Services Market Forecast: Breakup by Services (USD Billion), 2022-2027
8.    Global Geochemical Services Historical Market: Breakup by Region (USD Billion), 2017-2021
9.    Global Geochemical Services Market Forecast: Breakup by Region (USD Billion), 2022-2027
10.    North America Geochemical Services Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    North America Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Europe Geochemical Services Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Europe Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Asia Pacific Geochemical Services Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Asia Pacific Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Latin America Geochemical Services Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Latin America Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Middle East and Africa Geochemical Services Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Middle East and Africa Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Global Geochemical Services Market Structure

Key Questions Answered in the Report

In 2021, the global geochemical services market attained a value of nearly USD 1.1 billion.

The market is estimated to grow at a CAGR of 5.20% between 2022 and 2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach nearly USD 1.49 billion by 2027.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major drivers of the market include the increasing demand for geochemical services from the metal and mining sector, rapid development of geochemical testing laboratories, and the increasing deployment of geochemical services in archaeological studies.

The increasing investments towards exploring and analysing the geological materials containing precious earth elements, the surging research and development (R&D) activities, and the emergence of proficiency testing are likely to be the key trends in the market propelling the demand for the product.

In-field based and laboratory based are the different types of geochemical services in the market.

Scientific research, industrial, and statistical are the various applications of geochemical services.

Sample preparation and proficiency testing, among others, are the major services of geochemical services.

The major players in the market are Bureau Veritas Group, SGS SA, Actlabs Group, Intertek Group plc, and ALS Limited, among others.

Analyst Review

The global geochemical services market reached a value of about USD 1.1 billion in 2021, driven by the increasing demand for the service in the study of various voluminous active volcanic systems of earth, such as the mid-ocean ranges. Aided by the rapid development of geochemical laboratories in the emerging economies, the market is expected to witness a further growth in the forecast period of 2022-2027, growing at a CAGR of 5.20%, to reach nearly USD 1.49 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. Based on type, the market for geochemical services is bifurcated into in-field based and laboratory based. On the basis of application, the market is segmented into scientific research, industrial, and statistical. By services, the market is categorised into sample preparation and proficiency testing, among others. The major regional markets for geochemical services are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Bureau Veritas Group, SGS SA, Actlabs Group, Intertek Group plc, and ALS Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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