The global trace metal analysis market size is expected to reach USD 10.3 billion by 2028 at a CAGR of 9.8%, according to a new report by Reports and Data. A significant rise in food and drug adulteration practices worldwide, growing incidences of water-borne and food-borne illnesses, stringent food & drug safety regulations, and the imposition of strict food & drug certifications, such as the cGMP and cGDP, are some of the key parameters contributing to the global trace metal analysis market growth. Trace metal analysis involves detecting and quantifying trace metals, such as cobalt, aluminum, and lead, in a wide array of food & beverage, pharmaceutical, petroleum, cosmetic, and chemical products. The detection of low levels of trace levels helps enhance the quality and purity of products and meet the specified regulatory standards.
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Trace metal analysis techniques are extensively used across the pharmaceutical, food & beverage, medical devices, cosmetics, oil & gas, chemical, and water & wastewater treatment industries. These techniques identify harmful trace metals in various product samples and thus help improve product formulations. Some of the widely known trace metal analysis techniques include inductively coupled plasma with mass spectrometry (ICP-MS), inductively coupled plasma atomic emission spectrometry (ICP-AES), optical emission spectroscopy (OES), and graphite furnace atomic absorption spectrometry (GFAAS). Technological advancements in trace metal detection methods, rising government spending on R&D activities in the life sciences sector, and the soaring demand for enhanced safety and purity of consumer products are predicted to propel global trace metal analysis market growth. However, the high costs of trace metal analytical methods are a significant factor expected to impede the global market growth in the years to come.
Hitachi High-Tech Corporation, Thermo Fisher Scientific, Agilent Technologies Inc., Intertek Group, Bruker Corporation, PerkinElmer Inc, Analytik Jena AG, Eurofins Scientific, Bureau Veritas, TUV SUD, Shimadzu Corporation, Rigaku Corporation, LGC Limited, and SGS SA are the leading market players.
For the purpose of this report, the global trace metal analysis market has been segmented based on technology, instrument type, application, and region:
By Technology (Revenue, USD Billion; 2018-2028)
By Instrument Type (Revenue, USD Billion; 2018-2028)
By Application (Revenue, USD Billion; 2018-2028)
By Region (Revenue, USD Billion; 2018-2028)
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Key Highlights of the Report:
Key insights presented in the report:
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Table Of content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Trace Metal Analysis Market Variables, Trends & Scope
Chapter 4. Consumer Behavior Analysis
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Chapter 9. Company Profiles
9.1 Agilent Technologies Inc.
9.1.1. Company Overview 9.1.2. Financial Performance 9.1.3. Product Benchmarking 9.1.4. Strategic Initiatives
9.2. Hitachi High-Tech Corporation
9.2.1. Company Overview 9.2.2. Financial Performance 9.2.3. Product Benchmarking 9.2.4. Strategic Initiatives
9.3. Thermo Fisher Scientific
9.3.1. Company Overview 9.3.2. Financial Performance 9.3.3. Product Benchmarking 9.3.4. Strategic Initiatives
9.4. Intertek Group 9.4.1. Company Overview 9.4.2. Financial Performance
Continued…
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