Global Geochemical Services Market was valued US$ XX Mn in 2018 and is expected to reach US$ XXMn by 2026, at a CAGR of XX % during a forecast period.
Growth in the mining sector is expected to drive the geochemical services market during the forecast period. The mining industry is one of the largest consumers of geochemical services. Therefore, rise in demand for metals, ores, and minerals is anticipated to boost the geochemical services market for mineral & mining industry in the future.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
However, environmental authorities have imposed strict laws and regulations on the industry regarding waste management. In order to meet these regulations, mining companies need to install composite wastewater treatment plants that are energy intensive and require high operating costs. Water treatment systems are uneconomic, due to the high capital investments and operating costs. Hence, implementation of stringent environmental norms is likely to hamper the global geochemical services market for mineral & mining Industry in the future.
In terms of service, sample preparation was the dominant segment, accounting for nearby 26% share in terms of value in 2017. The X-ray fluorescence segment is projected to expand at a rapid pace during the forecast period.
Geographically, Asia Pacific dominated the global market in 2017. This can be mostly ascribed to the increase in demand for metals and ores in the region. Asia Pacific is also an industrial hub. The market in the region is likely to increase at a significant pace during the forecast period, primarily because of the increase in demand for minerals and metals, mainly in emerging countries such as China and India.
The report contains detailed value chain analysis, which provides a complete view of the global geochemical services market for mineral & mining industry. The study includes market attractiveness exploration, where application segment have been bench marked based on their size, growth rate, and general attractiveness.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global geochemical services market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global geochemical services market.
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Scope of Global Geochemical Services Market
Global Geochemical Services Market, By Type
• Laboratory Based
• In-field Based
Global Geochemical Services Market, By Service
• Sample Preparation
• Aqua Regia Digest
• Mixed Acid Digest
• X-ray Fluorescence
• Cyanide Leach
• Fire Assay
• Others (including Carbon and Sulfur Analysis and Mobile Metal Ion Analysis)
Global Geochemical Services Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Global Geochemical Services Market
• Bureau Veritas SA
• Intertek Group plc
• SGS SA
• ALS Limited
• Shiva Analyticals& Testing Laboratories India
• Geochemic Ltd.
• Activation Laboratories Ltd.
• ACZ Laboratories Inc.
• Alex Stewart International
• AGAT Laboratories Ltd.
• Nexus Gold
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