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Global Geochemical Services Market Size, Share Forecast: By Type: In-field Based, Laboratory Based; By Application: Scientific Research, Industrial, Statistical; By Services: Sample Preparation, Proficiency Testing, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Geochemical Services Market Outlook
The global geochemical services market size reached a value of around USD 1.15 billion in 2023. The market is expected to grow at a CAGR of 4.60% between 2024 and 2032, reaching a value of around USD 1.72 billion by 2032.
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Key Trends in the Market
Geochemical services refer to the services that offer specialised study of geochemistry, the study of the formation, history, and distribution of chemical elements on Earth that are found in rock-forming minerals and the by-products made from these elements. Natural resource exploration such as oil, minerals, and natural gas is significantly supported by geochemical services, as these services aid in the analysis of locations where commercially valuable minerals, petroleum, water, and metal can be found.
- Increased demand for metals, ores, and minerals would fuel the geochemical services market growth as technical developments in geochemical services and technology are projected to make the mining process more efficient and effective.
- The expanding use of geochemistry services in archaeological studies to aid in the interpretation of artefacts and deposits from the past as well as to comprehend how metal is distributed and consumed is projected to fuel geochemical services market expansion throughout the forecast period.
- In the upcoming years, it is projected that the rising demand for economically valuable minerals and metals from a variety of end-use industries, including construction and industrial hygiene, will contribute to market expansion.
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Market Analysis
By type, the market is segmented into in-field based and laboratory based. Based on application, the market is divided into scientific research, industrial, and statistical. On the basis of services, the market is categorised into sample preparation and proficiency testing, among others. The regional markets for geochemical services are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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. The report gives a detailed analysis of the following key players in the global geochemical services market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Bureau Veritas Group
- SGS SA
- Actlabs Group
- Intertek Group plc
- ALS Limited
- Others
Market Share by Services
As per the geochemical services market research, the proficiency testing services segment is expected to expand at a significant rate as a result of its expanding use in analytical geochemistry labs. Proficiency testing increases the analytical precision of geochemical analysis and offers self-help tools for identifying issues with data correctness so that remedial action can be implemented quickly. Additionally, proficiency testing boosts exam standards, offers a comparison with other labs, and gives staff information about the lab's performance, thereby expanding the market for geochemical services. Meanwhile, sample preparation services will likely account for a sizable portion of the market, with microwave digestions employed in sample preparation to get the samples ready for instrument analysis. These methods precisely maintain temperatures to guarantee effective digestion.
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Market Share by Region
Geographically, Asia Pacific is one of the leading regions in the global geochemical services market, due to the significant demand for metals and ores in the region. Due to the rising demand for minerals and metals, particularly in developing nations like China and India, the market for geochemical services in the region is expected to grow at a high rate over the forecast period. Rules and regulations of various governments in the region that encourage the use of renewable resources in the mining and oil and gas industries are further propelling the market growth. The geochemical services market demand is also being fuelled by the vigorous development of new geochemical laboratories offering a wide range of services, including base metal testing, pharmaceutical and raw material testing, and others, in emerging economies like China.
Competitive Landscape
Bureau Veritas Group, founded in 1828 and headquartered in Hauts-de-Seine, France, is a leader in testing, inspection, and certification worldwide. It serves industries such as commodities and agriculture, oil and gas, food, automotive and transport, chemicals, financial services and public sector, building and infrastructure, marine and offshore, consumer products and retail, and power and utilities.
SGS SA, with its headquarters in Geneva, Switzerland, is one of the world’s major testing, inspection, and certification companies. Founded in 1878, the company inspects, analyses, and monitors raw materials, food, petroleum, consumer goods, crops, chemicals, and production machinery for compliance with industrial standards and local regulatory requirements, including tax and duty.
Actlabs Group is a multinational corporation that was created in 1987 and has its headquarters in Ontario, Canada. The Actlabs Group offers contractual analytical services for all facets of analysis, from ordinary quality control procedures to academic research applications. For the mining sector, its regional full-service laboratories include custom standard reference material creation, on-site sample preparation, mineralogy and metallurgy services, classic and cutting-edge geochemical analysis, and mine site laboratories.
Other market players include Intertek Group plc, and ALS Limited, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Services |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR 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 Opportunities and Challenges in the Market
8 Global Geochemical Services Market Analysis
8.1 Key Industry Highlights
8.2 Global Geochemical Services Historical Market (2018-2023)
8.3 Global Geochemical Services Market Forecast (2024-2032)
8.4 Global Geochemical Services Market by Type
8.4.1 In-field Based
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Laboratory Based
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Geochemical Services Market by Application
8.5.1 Scientific Research
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Industrial
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Statistical
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Geochemical Services Market by Services
8.6.1 Sample Preparation
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Proficiency Testing
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Geochemical Services Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Geochemical Services Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Geochemical Services Market Analysis
10.1 Russia
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Finland
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Sweden
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Others
11 Asia Pacific Geochemical Services Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 India
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 ASEAN
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Australia
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Others
12 Latin America Geochemical Services Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Peru
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Chile
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Mexico
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Argentina
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Middle East and Africa Geochemical Services Market Analysis
13.1 Democratic Republic of the Congo
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 South Africa
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Tanzania
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Ghana
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Turkey
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Bureau Veritas Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 SGS SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Actlabs Group
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Intertek Group plc
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 ALS Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
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), 2018-2023
3. Global Geochemical Services Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Geochemical Services Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Geochemical Services Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Geochemical Services Historical Market: Breakup by Services (USD Billion), 2018-2023
7. Global Geochemical Services Market Forecast: Breakup by Services (USD Billion), 2024-2032
8. Global Geochemical Services Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Geochemical Services Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Geochemical Services Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Geochemical Services Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Geochemical Services Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Geochemical Services Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Geochemical Services Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Geochemical Services Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Geochemical Services Market Structure
Key Questions Answered in the Report
In 2023, the global market for geochemical services attained a value of USD 1.15 billion.
The market is projected to grow at a CAGR of 4.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1.72 billion by 2032.
The major drivers of the market include the growth in the mining sector and increasing demand for commercially valuable minerals and metals from various end-use industries.
The increasing deployment of geochemical services in archaeological studies and technological advancements in geochemical services and technology are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Sample preparation and proficiency testing, among others, are the major services in the market.
The various applications of geochemical services in the market are scientific research, industrial, and statistical.
Geochemical services play an important role in understanding the mechanisms that result in commercial concentrations of minerals, whether they are caused by hydrothermal, magmatic, metamorphic, hydraulic (both surficial and subterranean) or weathering agents, or a combination of these.
The primary types of geochemical services in the market are in-field based and laboratory based.
The major players in the geochemical services market, according to the report, are Bureau Veritas Group, SGS SA, Actlabs Group, Intertek Group plc, and ALS Limited, among others.
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