Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
| 2022 –2029 | |
|
|
USD 4.59 Billion |
| USD 9.35 Billion | |
| % | |
|
Global Trace Metal Analysis Market, By Instrument Technology (Atomic Absorption Spectroscopy (A.A.S.), Optical Emission Spectroscopy (O.E.S.), Fourier Transform Infrared Spectroscopy (FTIS), Inductively Coupled Plasma Mass Spectroscopy (ICPMS), X-Ray Florescence Spectroscopy (X.F.R.), Others), Type (Portable, Benchtop), Application (Environmental Testing, Food and Beverage Testing, Pharmaceutical and Biotechnology Product Testing, Oil and Gas Testing, Medical Device Testing, Semiconductor Testing, Clinical Diagnostics, Others) – Industry Trends and Forecast to 2029.
Regulatory and safety guidelines for trace metal analytical procedures is creating lucrative opportunities in the long run. For instance, China, the world's second-largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027, trailing a CAGR of 13.4% over the analysis period 2020 to 2027. Moreover, the rising applications and launches from the leading market players, such as Agilent Technologies and Perkin Elmer, have also boosted the market's growth.
The global trace metal analysis market was valued at USD 4.59 billion in 2021 and is expected to reach USD 9.35 billion by 2029, registering a CAGR of 9.30% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Instrument Technology (Atomic Absorption Spectroscopy (A.A.S.), Optical Emission Spectroscopy (O.E.S.), Fourier Transform Infrared Spectroscopy (FTIS), Inductively Coupled Plasma Mass Spectroscopy (ICPMS), X-Ray Florescence Spectroscopy (X.F.R.), Others), Type (Portable, Benchtop), Application (Environmental Testing, Food and Beverage Testing, Pharmaceutical and Biotechnology Product Testing, Oil and Gas Testing, Medical Device Testing, Semiconductor Testing, Clinical Diagnostics, Others)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific (U.S.), PerkinElmer Inc. (U.S.), Analytik Jena GmbH (Germany), Bruker (U.S.), Hitachi High-Tech Corporation. (Japan), Rigaku Corporation (Japan), Shimadzu Corporation. (Japan), Eurofins Scientific (Luxembourg), Intertek Group plc (U.K.), SGS Société Générale de Surveillance SA (Switzerland), Bureau Veritas (France), TÜV SÜD (Germany), LGC Limited (U.K.)
|
|
Market Opportunities
|
|
Market Definition
The trace metal analysis helps identify and detect low levels of metal in the sample, which is important in the product development process and regulatory compliance and quality control. The detection at the trace level of metals in the small can be differentiated contaminants and give information about the development and procedure improvement capabilities.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
The rising usage of trace metal analysis across the food and beverages industries is expected to drive the market's growth over the forecasted period. For instance, the trace metal analysis market in the U.S. was estimated to grow at US$1.3 billion and at a certain pace. Heavy metals like arsenic, cadmium, mercury, and lead can enter our food through water, air, and soil. These heavy metals are already present at trace levels. Still, the toxicity of heavy metals, even at low levels, requires very sensitive analysis of metals in food to ensure safe levels that meet regulatory requirements.
Rising awareness and safety regulations regarding the safe levels of heavy metals present in the feed and other applications such as medical devices and clinical diagnosis are the factors that are driving the growth of the market over the forecasted period. Organisations such as United States Food and Drug Administration (USFDA), European commission (EC-EFSA) and Food Safety and Standards Authority of India (FSSAI) regulate the heavy metals in consumer feed and products. These organizations and regulatory bodies have set certain parameters to attain certain levels of the consumption of heavy metals and ensure less toxic behavior of the metals to the consumers.
Opportunities
The increased adoption and the rising applications of trace metal analysis across various end users are further estimated to generate lucrative opportunities for the market, which will further expand the growth rate in the future. The rising applications of trace metal analysis, such as the allowance of the detection and identification of low levels of metals in a sample, contaminants, regulatory compliance, and others, play a vital role in the market's growth. The wide range of products, such as chemicals, cosmetics, medical devices, and consumer products, requires an analytical procedure to generate non-toxic and enhanced outcomes using highly selective technology and reliable methods. These critical and beneficiary methods are creating significant growth opportunities for the market over the forecasted period.
Restraints/Challenges
The technology implementation demands a significant financial investment. These technologies can be quite expensive to build an infrastructure. Therefore, the high costs and the investments required for the analytical testing facilities are further expected to obstruct the trace metal analysis market's growth over the forecast period.
This trace metal analysis market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the trace metal analysis market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
The trace metal analysis market was immensely impacted by the outbreak of covid-19 as the governments and local authorities have enacted strict lockdowns, movement restrictions, and the closure of neighborhood brick-and-mortar stores. The lockout impacted the financial flow for the businesses, which impacted investments in the businesses and organizations related to the analytical procedures. Also, the shortage of workers has impacted the ability of the government and other stakeholders to fulfill the requirements of planning and initiatives. However, several organizations indulged in the food and beverages sector were in high demand due to the rise in the demand for food products across the globe. The analysis of the food products thus became an important factor during the pandemic and during the post-pandemic era. The market will expand, owing to the testing parameters of the food products and other applications such as clinical diagnostics and medical devices.
Recent Developments
The trace metal analysis market is segmented on the basis of instrument technology, type and applications. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Instrument Technology
Type
Application
The trace metal analysis market is analyzed and market size insights and trends are provided by instrument technology, type and applications as referenced above.
The countries covered in the trace metal analysis market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the trace metal analysis market because of the growing use of trace metal analysis in food industries along with the prevalence strategic administration and market players within the region.
North America is expected to witness significant growth during the forecast period of 2022 to 2029 due to the emerging biotech industries, rising demands of the analytical processes, and rising awareness regarding the safety and other parameters within the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The trace metal analysis market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to trace metal analysis market.
Some of the major players operating in the trace metal analysis market are
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.