01-Aug-2019 | Zion Market Research
Zion Market Research has published a new report titled “Geochemical Services Market by Type (Lab-Based and Infield-Based), by End-User (Commercial, Industrial, Infrastructure, and Residential), and by Application (Sample Preparation, Mixed Acid Digest, Hydro Geochemistry, Aqua Regia Digest, X-Ray Fluorescence, Fire Assay, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global geochemical services market was USD 950 million in 2018 and is expected to reach around USD 1,310 million by 2025, at a CAGR of 4.7% between 2019 and 2025.
Geochemical services are defined as research and study of origin, evolution, and distribution of various chemical elements that are present in outcropping minerals. Geochemical services deliver a diverse set of testing that is meant to analyze the geographical characteristics of a given location. The geochemical services market is technology-oriented and requires precise instruments along with highly skilled human force. The global geochemical services market is projected to exhibit notable growth over the forecast time period, owing to the increasing analysis demand for geographical materials like rock, soil, water, etc. This analysis type detects buried ore deposits through scale and type of metals found in various geographical materials. Furthermore, rising mining activities for myriad commercial and industrial applications globally is also expected to drive the market growth over the estimated time period. The effective technological upgrades witnessed in the geochemical services market has enabled to regulate geochemical labs at various mining locations, which has also contributed to the market significantly. However, the geochemical services market may be restricted by strict rules and regulations implemented by various governments pertaining to mining activities and the growing number of obligation over wastewater treatment plants.
Browse the full “Geochemical Services Market by Type (Lab-Based and Infield-Based), by End-User (Commercial, Industrial, Infrastructure, and Residential), and by Application (Sample Preparation, Mixed Acid Digest, Hydro Geochemistry, Aqua Regia Digest, X-Ray Fluorescence, Fire Assay, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/geochemical-services-market
The geochemical services market is fragmented on the basis of type, end-user, and application. On the basis of type, the market includes lab-based and infield-based services. In 2018, lab-based services held the major market share globally. Lab-based services exhibit greater feasibility and economic efficiency over infield services. Additionally, infield based services are estimated to show a higher CAGR over the forecast time period, as infield services are capable of curtailing the time lag between data collection and result findings.
By end-user, the geochemical services market includes industrial, infrastructure, commercial, and residential. The industrial segment held the largest market share in 2018 and is projected to sustain its dominance over the forecast time period as well. The exponential growth of the Asia Pacific industrial sector is expected to bolster this segment further in the future.
The application segment of the geochemical services market comprises fire assay, mixed acid digest, sample preparation, aqua regia digest, hydro geochemistry, X-ray fluorescence, and others. In 2018, sample preparation held the largest market share and is estimated to hold its position over the forecast time period as well. X-ray fluorescence is projected to register the highest CAGR in the future. The functional use of X-ray fluorescence is to reveal the chemical composition of various material, which enables the method’s increased use due to the increasing mining activities globally.
The Asia Pacific region is the dominant region in the global geochemical services market, due to the rapid industrialization, availability of rich sources of minerals in the region, and tremendous potential of various regional end-user industries. The Asia Pacific geochemical services market is projected to sustain its largest market share over the forthcoming years.
Some key players of the global geochemical services market are Activation Laboratories, Bureau Veritas, Nexus Gold, Shiva Analyticals, Intertek Group, SGS Canada, ALS Limited, ACZ Laboratories, Geochemic Ltd., and Alex Stewart International.
This report segments the global geochemical services market into:
Geochemical Services Market: Type Analysis
Geochemical Services Market: End-User Analysis
Geochemical Services Market: Application analysis
Geochemical Services Market: Regional Analysis
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651