Chemical
Testing Services Market: Overview
Chemical
testing hold a paramount significance in materials science, and hence in wide
range of industrial, chemical, and commercial applications. Over the years,
advances in instrumentation have allowed end users meet performance
requirements and compliance needs. These services enable end-use industries to
test sample’s quality and its chemical composition, notably in identifying the
composition in terms of trace metals and impurities. Growing demand for
chemical testing labs in chemical analysis and quality control testing in
process industries form a key part in the expansion of the chemical
testing services market. Advanced chemical testing services should
comprise the use of high-end analytical instrumentation to meet the various
industry standards such as ISO 17025, Good Laboratory Practice (GLP), and Good
Manufacturing Practice (cGMP).
A wide
range of ores, ferroalloys, composites, polymers, metals undergo chemical
testing services to meet the requirements of machining and fabrication. ICP-AES
and ICP-MS analysis.
Key
end-use industries are petrochemicals, dyes and detergents, agrichemicals,
pharmaceuticals, consumer products, and automotive.
Chemical
Testing Services Market: Key Trends
The study
on the chemical testing services market sheds light on key growth dynamics, new
avenues in various industries, and technological advances in analytical
chemistry that are likely to shape the nature of offering of providers. The
research also offers insights into the impact of consumer trends on the growth
prospects of various key geographies. It also highlights market estimations of
all key product segments and the competitive assessment.
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Traction
of chemical testing services in chemical trace analysis has become stronger in
medical device manufacturing and pharmaceutical sector. Growing demand for such
services in contamination detection and analysis is boosting the chemical
testing services market. In several industries, notably in food and beverages
and agrochemical sectors, chemical testing services have enables businesses to
screen out banned chemicals.
Some of
the expertise providers in the chemical testing services offer relate to Atomic
Emission Spectroscopy (AES), Fourier Transform Infrared Spectroscopy (FTIR),
Inductively Coupled Plasma Spectroscopy, and ICP Spectrometers.
Chemical Testing Services Market: Competitive Analysis and Key Developments
Prominent
players are leaning on offering high-quality chemical analyses for testing of
specialty chemicals. In a bid to gain competitive edge in the chemical testing
services market, top players are expanding the array of instrumental wet chemistry
services.
A growing
number of providers of chemical testing services have gained substantial
revenue streams due to susceptibility to corrosion. A case in point is RoHS
Compliance Testing in the European Union. Prominent players have in recent
years have been offering next-gen chemical testing technologies that promise
high turnaround time. Most players have expanded their lab facilities in
countries where part suppliers of end-use industries are present. This helps
the end-use industries to obtain quick service. A few players have strengthened
their expertise in contamination testing.
Some of
the well-entrenched players in the chemical testing services market are:
·
Bureau Veritas
·
TUV NORD
·
SAI Global
·
AsureQuality
·
SCS Global Services
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Chemical Testing Services Market: Regional Assessment
On the
regional front, North America and Europe have been presenting sizable revenue
streams over the past few years. Presence of top services providers has also
helped in the rapid expansion of those regional markets. Further, strides being
made in polymer manufacturing and promising leaps made by composite industry in
some countries of Asia Pacific, has kept the regional market increasingly
lucrative in recent years.
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