Geochemical Services refers to the study of origin, evolution, and distribution of chemical elements on earth that are contained in rock-forming minerals and products derived from these elements. Geochemical services consist of various testing services such as sample preparation, aqua regia digest, mixed acid digest, X-ray fluorescence, hydrogeochemistry, and fire assay.
Scope of the Report:Currently, the industry is fragmented and the top players operating in this eco-system have been in the acquisition spree to expand its services in opportunistic market sector of emerging economies. Factors are expected to work in favor of the market include the development of global mining and oil & gas industry, increased environmental pollution levels, and rising numbers of scientific research organizations.
The Geochemical Services market concentration is low due to the presence of large number of service providers in the space. The top 5 players account for around 27.97% of the total share in the global market in 2019. The key players are leveraging on mergers and acquisition activities to attain the inorganic growth and gain market share. Big players are mainly targeting small deals that indicate the scarcity of the sizeable targets in the fragmented market and high price of large-scale deals that offer less scope for value creation.
The global Geochemical Services market is valued at 2166.6 million USD in 2020 and is expected to reach 3927.3 million USD by the end of 2026, growing at a CAGR of 12.6% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Geochemical Services.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
This report studies the Geochemical Services market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Geochemical Services market by product type and applications/end industries.
Market Segment by Companies, this report covers Bureau Veritas
Intertek Group
EGi
SGS SA
ALS
Shiva Analyticals
Geochemic
Activation Laboratories
ACZ Laboratories
Alex Stewart International
AGAT Laboratories
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Laboratory Based
In-field Based
Market Segment by Applications, can be divided into Industrial
Scientific Research
Statistical, etc.
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
