Europe Heavy Metal Testing Market is expected to reach at a CAGR of 4.1% in the forecast period of 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.
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COVID-19 Impact
In 2019, the COVID-19 epidemic swept the globe. It brought everything to a halt. It had an impact on the entire world economy. Moreover, a great number of people have also perished. In total, 5,091,465 fatalities and 252,297,094 cases of COVID-19 have been reported worldwide. A majority of the nations on earth were affected by the pandemic. The pandemic brought some kind of loss in the majority of industries. The epidemic caused a slowdown in the chemical industry as well. According to Statista, the business generated over US$ 3.94 trillion in worldwide sales in 2019. An all-time high of US$5.4 trillion in revenue was produced by the sector in 2014.
The level of rivalry among well-known international corporations has been determined by studying a number of key industries, as well as market competition, market share, current developments in the sector, novel product launches, alliances, mergers, and acquisitions by key corporations.
Market Segmentation
By Type (Arsenic, Cadmium, Lead, Mercury, Antimony, Barium, Manganese, Others), Technology (ICP-MS & OES, Atomic Absorption Spectroscopy (AAS) and Others), Sample (Food Sample, Water Sample, Blood Sample and Other Samples), Application (Environment and Industrial), Geography (Germany, France, Italy, U.K., Spain, Russia, Turkey, Netherlands, Switzerland, Belgium and Rest of Europe) Industry Trends and Forecast to 2025
Major growing sectors under the market segmentation are as follows;
In type, the arsenic heavy metal testing are highly used because arsenic is the most commonly found heavy metal in food and beverage products. Coal ash produced in power plants during electricity production is usually thrown in landslides which is the biggest cause for arsenic contamination Europe.
In technology, Atomic Absorption Spectroscopy heavy metal testing is growing at a decent CAGR due to advancement in technology.
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In sample, blood sample is growing with highest CAGR rate because of growing contamination of heavy metals in water.
In application, environment is growing with highest CAGR because of the growing usage in generic food and water testing.
Key Market Players
The key market players for Europe heavy metal testing market are listed below;
SGS SA
Intertek Group Plc
Eurofins Scientific
TUV SUD
ALS Limited
M?RIEUX NUTRISCIENCES
LGC Limited
Quicksilver Scientific Inc.
Consumer Product Testing Company (CPT)
Symbio Laboratories
AGQ Labs USA
Albany Molecular Research Inc.
ASURE Quality Ltd
BJP Laboratories
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
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