Market Overview:
The global geochemical service solution market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing demand for geochemical services in the industrial and scientific research applications. The laboratory-based segment is expected to dominate the market during the forecast period, owing to its ability to provide high-quality results with precision. However, the in-field based segment is projected to grow at a higher CAGR during the forecast period, as it offers real-time results and helps reduce environmental impact. North America dominates the global geochemical service solution market, followed by Europe and Asia Pacific.
Product Definition:
A geochemical service solution is a fluid that is used to dissolve and remove minerals from rocks or soil. The solution can be used to help identify mineral deposits, or to clean up environmental contamination.
Laboratory Based:
Laboratory-based geochemical services are used to support exploration and production (E&P) activities in onshore and offshore oilfields. Laboratory-based services include analysis of rock/ soils, water, hydrocarbon samples for various purposes such as reservoir characterization or to study fluid flow characteristics under different pressure/temperature conditions. These types of studies help the companies determine optimal locations for drilling wells by providing valuable insights regarding reservoir performance & formation characteristics.
In-field Based:
In-field based geochemical service solution is a method used to provide quick and accurate information about the site conditions by analyzing soil or rock samples for key chemical elements. The in-field based solutions are gaining importance over off-site analysis as they provide more reliable data with higher precision and accuracy.
Geochemical service solutions help in gaining valuable insights related to exploration, drilling, production or any other onsite activities such as environmental monitoring, waste management etc.
Application Insights:
The industrial application segment accounted for the largest revenue share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing demand for geochemical services from various industries including oil & gas, power generation, metal & mining, etc. Rapid urbanization coupled with rising disposable income levels in developing countries such as India and China is likely to augment industry expansion over the forecast period.
Geochemical solutions are used by industries for a variety of applications including process optimization, environmental compliance monitoring, product quality control analysis and inventory management among others which are critical in nature owing to their interdependency with other processes or systems within an industry vertical thus making them susceptible to external influences such as weather conditions or natural disasters resulting in affecting business operations thereby driving demand across all application segments at a global level.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2016. The growth is attributed to the presence of a large number of key players and increased funding for geochemical exploration projects. In addition, growing demand for oil & gas coupled with increasing shale gas reserves has led to an increase in geochemical exploration activities across North America over the past few years.
Asia Pacific is expected to witness significant growth during the forecast period owing to rising government support for mineral resource utilization and development coupled with increasing investments by private companies. Rising awareness among people regarding environmental protection along with stringent regulations by various regulatory bodies are some factors driving regional market growth during the forecast period. Increasing foreign direct investment (FDI) in this region is also anticipated to contribute toward industry expansion over next eight years or so as it provides a boost towards industrialization leading towards sustainable economic development within countries such as China, India, Indonesia etc.
Growth Factors:
- Increasing demand for oil and gas due to population growth and industrialization
- Rising awareness about the benefits of using geochemical services for exploration and production
- Technological advancements in the field of geochemistry that help improve accuracy and efficiency of services
- Growing number of small-scale operators in the market who are increasingly adopting geochemical services to optimize their operations
- Increasing investments by oilfield service companies in research and development to develop new technologies for improving exploration success rates
Scope Of The Report
Report Attributes
Report Details
Report Title
Geochemical Service Solution Market Research Report
By Type
Laboratory Based, In-field Based
By Application
Industrial, Scientific Research, Statistical, etc.
By Companies
Bureau Veritas, Intertek Group, Environmental Geochemistry International, SGS SA, ALS, Shiva Analyticals, Exploration Technologies, Activation Laboratories, ACZ Laboratories, Alex Stewart International, AGAT Laboratories
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Geochemical Service Solution Market Report Segments:
The global Geochemical Service Solution market is segmented on the basis of:
Types
Laboratory Based, In-field Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Scientific Research, Statistical, etc.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bureau Veritas
- Intertek Group
- Environmental Geochemistry International
- SGS SA
- ALS
- Shiva Analyticals
- Exploration Technologies
- Activation Laboratories
- ACZ Laboratories
- Alex Stewart International
- AGAT Laboratories
Highlights of The Geochemical Service Solution Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laboratory Based
- In-field Based
- By Application:
- Industrial
- Scientific Research
- Statistical, etc.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Geochemical Service Solution Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Geochemical Service Solution (GSS) is a suite of software tools used by geologists and other earth scientists to analyze data from chemical, physical, and mineralogical analyses. GSS includes the Geochemical Analyst Workbench (GAWB), which provides a user-friendly interface for data analysis; the Geochemistry Data Analysis System (GDAS), which allows users to create customized reports; and the Mineralogy Data Analysis System (MDAS), which allows users to identify minerals in rock samples.
Some of the major companies in the geochemical service solution market are Bureau Veritas, Intertek Group, Environmental Geochemistry International, SGS SA, ALS, Shiva Analyticals, Exploration Technologies, Activation Laboratories, ACZ Laboratories, Alex Stewart International, AGAT Laboratories.
The geochemical service solution market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Geochemical Service Solution Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Geochemical Service Solution Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Geochemical Service Solution Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Geochemical Service Solution Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Geochemical Service Solution Market Size & Forecast, 2018-2028
4.5.1 Geochemical Service Solution Market Size and Y-o-Y Growth
4.5.2 Geochemical Service Solution Market Absolute $ Opportunity
Chapter 5 Global Geochemical Service Solution Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Geochemical Service Solution Market Size Forecast by Type
5.2.1 Laboratory Based
5.2.2 In-field Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Geochemical Service Solution Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Geochemical Service Solution Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Scientific Research
6.2.3 Statistical
6.2.4 etc.
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Geochemical Service Solution Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Geochemical Service Solution Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Geochemical Service Solution Analysis and Forecast
9.1 Introduction
9.2 North America Geochemical Service Solution Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Geochemical Service Solution Market Size Forecast by Type
9.6.1 Laboratory Based
9.6.2 In-field Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Geochemical Service Solution Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Scientific Research
9.10.3 Statistical
9.10.4 etc.
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Geochemical Service Solution Analysis and Forecast
10.1 Introduction
10.2 Europe Geochemical Service Solution Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Geochemical Service Solution Market Size Forecast by Type
10.6.1 Laboratory Based
10.6.2 In-field Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Geochemical Service Solution Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Scientific Research
10.10.3 Statistical
10.10.4 etc.
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Geochemical Service Solution Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Geochemical Service Solution Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Geochemical Service Solution Market Size Forecast by Type
11.6.1 Laboratory Based
11.6.2 In-field Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Geochemical Service Solution Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Scientific Research
11.10.3 Statistical
11.10.4 etc.
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Geochemical Service Solution Analysis and Forecast
12.1 Introduction
12.2 Latin America Geochemical Service Solution Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Geochemical Service Solution Market Size Forecast by Type
12.6.1 Laboratory Based
12.6.2 In-field Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Geochemical Service Solution Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Scientific Research
12.10.3 Statistical
12.10.4 etc.
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Geochemical Service Solution Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Geochemical Service Solution Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Geochemical Service Solution Market Size Forecast by Type
13.6.1 Laboratory Based
13.6.2 In-field Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Geochemical Service Solution Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Scientific Research
13.10.3 Statistical
13.10.4 etc.
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Geochemical Service Solution Market: Competitive Dashboard
14.2 Global Geochemical Service Solution Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bureau Veritas
14.3.2 Intertek Group
14.3.3 Environmental Geochemistry International
14.3.4 SGS SA
14.3.5 ALS
14.3.6 Shiva Analyticals
14.3.7 Exploration Technologies
14.3.8 Activation Laboratories
14.3.9 ACZ Laboratories
14.3.10 Alex Stewart International
14.3.11 AGAT Laboratories
