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Global Geochemical Services Market Growth (Status and Outlook) 2019-2024
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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.
According to this study, over the next five years the Geochemical Services market will register a 13.7% CAGR in terms of revenue, the global market size will reach US$ 3913 million by 2024, from US$ 2059.8 million in 2019. In particular, this report presents the global revenue market share of key companies in Geochemical Services business, shared in Chapter 3.
This report presents a comprehensive overview, market shares and growth opportunities of Geochemical Services market by product type, application, key companies and key regions.
This study considers the Geochemical Services value generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Laboratory Based
In-field Based
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Industrial
Scientific Research
Statistical, etc.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Bureau Veritas
Intertek Group
EGi
SGS SA
ALS
Shiva Analyticals
Geochemic
Activation Laboratories
ACZ Laboratories
Alex Stewart International
AGAT Laboratories
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Geochemical Services market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Geochemical Services market by identifying its various subsegments.
Focuses on the key global Geochemical Services players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Geochemical Services with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Geochemical Services submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Related Information:
North America Geochemical Services Market Growth 2019-2024
United States Geochemical Services Market Growth 2019-2024
Asia-Pacific Geochemical Services Market Growth 2019-2024
Europe Geochemical Services Market Growth 2019-2024
EMEA Geochemical Services Market Growth 2019-2024
Global Geochemical Services Market Growth 2019-2024
China Geochemical Services Market Growth 2019-2024
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