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PFAS Testing Market worth $168.59 million by 2030, growing at a CAGR of 12.95% - Exclusive Report by 360iResearch
PFAS Testing Market | 360iResearch
The Global PFAS Testing Market to grow from USD 71.86 million in 2023 to USD 168.59 million by 2030, at a CAGR of 12.95%.
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PFAS testing refers to the analytical processes and methodologies utilized to detect and quantify the presence of per- and polyfluoroalkyl substances (PFAS) in various materials and environments. These substances are a group of man-made chemicals utilized for industrial applications and consumer products for their resistance to heat, water, and oil. Testing for PFAS typically involves sophisticated laboratory techniques, such as high-performance liquid chromatography (HPLC) paired with tandem mass spectrometry (MS/MS), to accurately identify these compounds, owing to their complex chemical properties and the need for precise measurement at very low concentrations. Increasing regulatory scrutiny, rising awareness regarding the health impacts of PFAS exposure, and the growing need for water & wastewater treatment solutions due to water pollution concerns catalyze the growth of the market. However, the high cost of PFAS testing equipment and the complexity of PFAS analysis due to the sheer number of different compounds and their variants, along with the persistence and complex behavior of PFAS in the environment, present challenges in remediation and risk assessment efforts. Moreover, the rise in litigation related to PFAS contamination and an uptick in public-private partnership models for environmental risk management are expected to present potential growth avenues in this market.
The PFAS testing market in the Americas is experiencing significant growth due to increased regulatory scrutiny and public awareness. The U.S. Environmental Protection Agency (EPA) has established guidelines and is researching to understand and manage PFAS testing. As a result, these actions, combined with high levels of industrial activity, drive the need for PFAS testing services. Moreover, technological innovations have led to the development of new PFAS testing methods. Recent patents include innovative filtration systems and advanced chemical detection methods to identify and filter out PFAS, resulting in the increased adoption of PFAS testing. Investments in PFAS cleanup initiatives and research grants, including those offered by the National Institutes of Health (NIH) and the EPA, drive innovation in PFAS testing and removal technologies. The Asia-Pacific region is witnessing growth in PFAS testing due to rapid industrial expansion and the implementation of stringent environmental regulations. Moreover, the extensive use of PFAS chemicals in manufacturing and the growing environmental regulations propel the need for testing services. Consequently, the government in the Asia-Pacific region has initiated several measures to monitor and control environmental pollution, including PFAS. The EMEA region showcases a diverse market with differing levels of PFAS testing maturity, with stringent regulations such as Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH), enforcing strict controls on PFAS usage, and promoting testing and research activities. In addition, in the Middle East and Africa, the adoption of PFAS testing is rising, with an increasing need for environmental testing services driven by industrial developments and environmental awareness initiatives.
Market Segmentation & Coverage:
This research report categorizes the PFAS Testing Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Consumable, market is studied across Chromatography Columns, Membrane & Syringe Filters, Reagents, Reference Materials, Sample Preparation Products, and Solvents. The Reagents commanded largest market share of 21.77% in 2023, followed by Solvents.
Based on Technology, market is studied across Combustion Chromatography, ELISA, Gas Chromatography-Mass Spectrometry, Liquid Chromatography with Tandem Mass Spectrometry, Mass Spectrometry, and NMR Spectroscopy. The Liquid Chromatography with Tandem Mass Spectrometry commanded largest market share of 22.90% in 2023, followed by Gas Chromatography-Mass Spectrometry.
Based on Analyte Type, market is studied across Perfluorohexane Sulfonate, Perfluorononanoic Acid, Perfluorooctane Sulfonic Acid, and Perfluorooctanoic Acid. The Perfluorooctanoic Acid commanded largest market share of 33.11% in 2023, followed by Perfluorooctane Sulfonic Acid.
Based on Testing Application, market is studied across Cosmetics, Food & Beverages, Serum/Blood, Soil, and Water & Wastewater. The Water & Wastewater commanded largest market share of 23.80% in 2023, followed by Soil.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 35.35% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the PFAS Testing Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the PFAS Testing Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the PFAS Testing Market, highlighting leading vendors and their innovative profiles. These include A & B Environmental Services, Inc., AccuStandard, Inc., ADE Consulting Group Pty Ltd., Agilent Technologies Inc., ALS Limited, Applied Technical Services, LLC, AsureQuality Limited, Babcock Laboratories, Inc., Biotage AB, Bureau Veritas SA, Danaher Corporation, Deveron Corp., Eurofins Scientific SE, Greyhound Chromatography and Allied Chemicals Ltd, Institut Kirchhoff Berlin GmbH, Intertek Group PLC, Lanxess AG, LCTech GmbH, LGC Limited by Cinven Group Ltd., MACHEREY-NAGEL GmbH & Co. KG, Merck KGaA, Merit Laboratories, Inc., Montrose Environmental Group, Inc., Ovivo Inc., Pace Analytical Services, LLC, PerkinElmer Inc., Restek Corporation, Revive Environmental Technology, LLC, SGS S.A., Shimadzu Corporation, Summit Environmental Technologies Inc., The Chemours Company, Thermo Fisher Scientific Inc., Torrent Laboratory Inc, TÜV SÜD AG, UL LLC, Veolia Environnement S.A., Waters Corporation, and Wellington Laboratories Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. PFAS Testing Market, by Consumable
7. PFAS Testing Market, by Technology
8. PFAS Testing Market, by Analyte Type
9. PFAS Testing Market, by Testing Application
10. Americas PFAS Testing Market
11. Asia-Pacific PFAS Testing Market
12. Europe, Middle East & Africa PFAS Testing Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the PFAS Testing Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the PFAS Testing Market?
3. What is the competitive strategic window for opportunities in the PFAS Testing Market?
4. What are the technology trends and regulatory frameworks in the PFAS Testing Market?
5. What is the market share of the leading vendors in the PFAS Testing Market?
6. What modes and strategic moves are considered suitable for entering the PFAS Testing Market?
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