Trace Metals Analysis Market Trends, Size, Forecast - 2019-2025

Trace metals analysis market is expected to show significant growth during the forecast period. Trace metals analysis is a method of detecting and identifying low levels of metals in a sample which can be critical to product development, quality control and regulatory compliance. With the determination of trace levels of metals in samples, contaminants can be identified, and important data can be provided to aid process improvement as well as chemical product formulation development. As the concern regarding product safety and environment is increasing, a significant growth will be observed in trace metal analysis in near future. There is a possibility that even the presence of small level of unwanted impurities can alter the characteristics of a material such as physical, electrical or other properties. During the manufacturing process, a chemical contamination can be introduced to the product in several ways that may alter the properties of final product. Trace metal analysis can provide relevant, reliable and accurate data related to contamination.

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Moreover, major factor that is augmenting the trace metal analysis market include strict government regulations in various sectors such as food and beverages, cosmetics, and pharmaceutical industries. Additionally, continuous cases of adulteration across the globe and rising regulatory action to control environment pollution further contribute to the growth of the global trace metal analysis market. Controlling and understanding the chemical contamination impacts on advanced materials is of the utmost importance and can be done by using trace elemental analysis. Systematic inspection of raw materials prior to production and ongoing testing during key phases of manufacturing can aid in the identification and elimination of sources of unwanted impurities in final products. The method can detect metal to parts per million (ppm), parts per billion (ppb) and even parts per trillion (ppt) as per requirement. It is used in petroleum products, gases, consumer products, food and beverages, pharmaceutical, and other applications.

The market is further studied based on geography and is segmented into North America, Asia-Pacific, Europe and Rest of the World (RoW). North America is expected to have a significant market share in the global trace metal analysis due to strict government regulations. Moreover, per capita spending of the people is high in these countries; therefore, companies can spend more on safety of the products. Various major manufacturers such as Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer, Inc. Intertek Group PLC (US) are also present in the US, which further contribute to the regional growth of the market. Further, Asia-Pacific is expected to exhibit considerable growth during the forecast period due to contribution from emerging economies such as China and India. Government regulation regarding adulteration and pollution are continuously getting stricter in these countries due to which more demand for the metal analysis will be required in the future.
Some of the players contributing into the growth of the market include Shimadzu Corp., Thermo Fisher Scientific Inc., Rigaku Corp, PerkinElmer, Inc, Bruker Corp, Analytik Jena AG, Agilent Technologies Inc. and many more. These companies are adopting various strategies such as product launch, merger and acquisitions to stay competitive in the trace metal analysis market. For instance, in March 2019, the Thermo Fisher Scientific added new high-purity acids to its chemical portfolio for trace metal analysis. It can benefit a new range of high-purity acids which can be used in industrial, pharmaceutical, environmental and food laboratories.

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Global Trace Metal Analysis Market Segmentation

By Method
• Atomic Absorption-(AAS)
• Inductively Coupled Plasma Optical Emission-(ICP-OES)
• Inductively Coupled Plasma Mass Spectrometry (ICP-MS)
• Other Methods (X-Ray Fluorescence Spectroscopy (XRF))

By Application
• Environmental Testing
• Food & Beverage Testing
• Pharmaceutical Testing
• Oil & Gas Testing
• Other Applications (Clinical Diagnostics)

Regional Analysis

• North America
o United States
o Canada

• Europe
o UK
o Germany
o taly
o Spain
o France
o Rest of Europe

• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific

• Rest of the World

Company Profiles
• Agilent Technologies, Inc.
• Alpha Analytical Inc.
• Analytik Jena AG
• Angstrom Advance Inc
• Applied Technical Services, Inc.
• Bruker Corp.
• Bureau Veritas Group
• Element Material Technology Group Ltd.
• Eurofins Scientific SE
• Hitachi Ltd. (Hitachi High-Tech Analytical Science Ltd.)

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This release was published on openPR.