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.
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 2018. 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.
In 2018, the global Geochemical Services market size was 2105.6 million US$ and it is expected to reach 5015.4 million US$ by the end of 2025, with a CAGR of 13.2% during 2019-2025.
This report focuses on the global Geochemical Services status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Geochemical Services development in United States, Europe and China.
The key players covered in this study
Bureau Veritas
Intertek Group
EGi
SGS SA
ALS
Shiva Analyticals
Geochemic
Activation Laboratories
ACZ Laboratories
Alex Stewart International
AGAT Laboratories
Market segment by Type, the product can be split into
Laboratory Based
In-field Based
Market segment by Application, split into
Industrial
Scientific Research
Statistical, etc.
Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Geochemical Services status, future forecast, growth opportunity, key market and key players.
To present the Geochemical Services development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Geochemical Services are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on Geochemical Services. Industry analysis & Market Report on Geochemical Services is a syndicated market report, published as Global Geochemical Services Market Size, Status and Forecast 2019-2025. It is complete Research Study and Industry Analysis of Geochemical Services market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.