The Global Trace Metal Testing & Analysis Market Report provides an in-depth analysis of the market by assessing the growth trends, products, applications, end-user segment, historical data, and information obtained through interviews of industry experts. This market intelligence report includes a comprehensive evaluation of the market, discussing the value, volume, size, share, growth rate, key trends, demand & supply ratio, gross revenue, competitive landscape, regional analysis, manufacturers, product types, and end-user applications to give a 360° overview of the global Trace Metal Testing & Analysis industry. The study provides key information pertaining to the different elements that are propelling or restraining the growth of the sector. It draws accurate forecasts to estimate the prospective growth of the overall business.
The global Trace Metal Testing & Analysis Market size is expected to reach USD 10.3 billion by 2028 at a CAGR of 9.8%, according to a new report by Reports and Data. A significant rise in food and drug adulteration practices worldwide, growing incidences of water-borne and food-borne illnesses, stringent food & drug safety regulations, and the imposition of strict food & drug certifications, such as the cGMP and cGDP, are some of the key parameters contributing to the global Trace Metal Testing & Analysis market growth. Trace Metal Testing & Analysis involves detecting and quantifying trace metals, such as cobalt, aluminum, and lead, in a wide array of food & beverage, pharmaceutical, petroleum, cosmetic, and chemical products. The detection of low levels of trace levels helps enhance the quality and purity of products and meet the specified regulatory standards.
Key Players:
Hitachi High-Tech Corporation, Thermo Fisher Scientific, Agilent Technologies Inc., Intertek Group, Bruker Corporation, PerkinElmer Inc, Analytik Jena AG, Eurofins Scientific, Bureau Veritas, TUV SUD, Shimadzu Corporation, Rigaku Corporation, LGC Limited, and SGS SA are the leading market players.
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The competitive landscape section of the report discusses in detail the company overview, product and services portfolio, business expansion plans, production and manufacturing capacity, financial standing, and global market position. It further sheds light on the recent mergers and acquisitions, collaborations, partnerships, corporate and government deals, agreements, and product launches.
Key Highlights of the Report:
- The inductively coupled plasma mass spectroscopy (ICP-MS) segment is the leading market segment in terms of technology. The segment is expected to retain the largest market share over the projected period, owing to the surging need for accurate detection of contaminants in pharmaceutical and food & beverage products and the growing demand for accurate sample analysis.
- Based on application, the environmental testing segment is set to emerge as the most dominant market segment over the forecast period. This segment’s growth is accelerated by the increasing government initiatives towards curbing greenhouse gas emissions and environmental pollution and the rising adoption of advanced environmental testing procedures.
- The Asia Pacific Trace Metal Testing & Analysis market is touted as the leading regional segment in the global Trace Metal Testing & Analysis market, accounting for the highest revenue share. The region’s booming food & beverage, pharmaceutical, cosmetics industries, rising need for advanced Trace Metal Testing & Analysis in various industrial sectors, and the growing awareness about environmental safety are the most crucial factors expected to bolster the market growth in the Asia Pacific over the projected timeframe.
For the purpose of this report, the global Trace Metal Testing & Analysis market has been segmented based on technology, instrument type, application, and region:
By Technology (Revenue, USD Billion; 2018-2028)
- Optical Emission Spectroscopy (OES)
- Arc/Spark Optical Emission Spectroscopy (OES)
- Inductively Coupled Plasma-Optical Emission Spectroscopy (ICP-OES)
- Atomic Absorption Spectroscopy (AAS)
- Flame Atomic Absorption Spectroscopy (FAAS)
- Graphite Furnace Atomic Absorption Spectroscopy (GFAAS)
- Fourier Transform Infrared Spectroscopy (FTIR)
- Inductively Coupled Plasma-Mass Spectroscopy (ICP-MS)
- X-ray Fluorescence Spectroscopy (XRF)
- Microwave Induced Plasma Optical Emission Spectroscopy (MIP OES)
- Laser-induced Breakdown Spectroscopy (LIBS)
- Others
By Instrument Type (Revenue, USD Billion; 2018-2028)
- Benchtop
- Portable
By Application (Revenue, USD Billion; 2018-2028)
- Pharmaceutical & Biotechnology Products Testing
- Medical Device Testing
- Food & Beverage Testing
- Environmental Testing
- Oil & Gas Testing
- Semiconductor Testing
- Clinical Diagnostics
- Mining
- Geology
- Cosmetics
- Chemicals
- Research
- Others
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By Region (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of the Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- UAE
- Rest of the Middle East & Africa
Key Questions Answered:
- Which of these regions – North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, dominates market share?
- What is the outcome of the COVID-19 Impact Analysis performed in the report?
- What are the revenue estimations for every region in the Trace Metal Testing & Analysis market?
- What is the current market valuation of each region and the estimated market size by the end of the forecast period?
- What is the projected growth rate of the global Trace Metal Testing & Analysis market?
Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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