The chemical testing services market is anticipated to thrive at an average CAGR of 5.4% between 2023 and 2033. The market is expected to have a share of US$ 52.19 billion by 2033, while it is likely to be valued at US$ 30.84 billion in 2023.
A long range of industrial applications, higher involvement in research-based projects, and educational institutes implementing chemical testing operations for practical learning are supporting the higher adoption of chemical testing services.
Newer benefits like the detection of impurities and evaluation of new materials, including the identification of alloys, are expected to flourish the market growth. Also, the easy determination of contamination sources for elimination purposes through tracing foreign partials, stains, and degradation is helping many industries. These industries include inspection, crime research, and other purely chemical sectors.
Other than impurities and contamination spotting, these services are also used for the metal and material testing of their strength, grade, and corrosion-preventing capacity. Regulatory chemical testing also makes sure that the chemical products meet the regulatory health and safety requirements. Hence, the new food and beverage products are helping the market expansion.
Government-based research and approval centers are expected to garner market growth. Pharmaceutical brands also adopt these testing services on a large scale. As an active part of the drug testing and approval procedure, chemical testing is important in the final drug approval.
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Key Points
The United States market leads the North American chemical testing services market in terms of market share in North America. The United States held a healthy market share of 35.9% in 2022. The factors attributed to the growth are the restoration of research facilities along with the launch of new food and beverage items. Government-based FDA approvals with higher standards and multiple-level testing are also gaining traction for the regional market during the forecast period.
The German chemical testing services market held an average market share of 8.3% in 2022. The market growth is caused by new testing methods by government and industrial authorities conducting chemical tests for purity, quality, grade, and impurity.
The Indian market thrives at a healthy CAGR of 6.4% between 2023 and 2033. The growth is attributed to higher economic activities, production of drugs, and other medical-care products.
The Chinese market strives at a CAGR of 5.9% between 2023 and 2033.
Based on testing services, the chemical composition analysis segment held the leading market share of 21.7% in 2022.
Based on end-use type, the consumer goods segment leads as it held a market share of 46.7% in 2022.
Competitive Landscape
The key suppliers focus on different types of tests, catering to different types of applications. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.
Recent Market Developments
MISTRAS Group has introduced its chemical testing services, including component testing, 3D metrology, physical testing, material-based testing, quality assurance & control (QA/QC)
Nippon Kaiji Kentei Kyokai has introduced physical and chemical analysis before the approval procedures such as JIS, ISO, ASTM, and domestic laws.
Key Players
Intertek Group Plc
Bureau Veritas
SGS SA
TÜV NORD AG
UL LLC
SAI Global Limited
Aspirata Auditing Testing And Certification (Pty) Ltd
SCS Global Services
TÜV Rheinland Group
MISTRAS Group
AsureQuality Limited
Nippon Kaiji Kentei Kyokai
Key Segments Covered
By Testing Service:
Chemical Composition Analysis
Chemical Trace Analysis
Chemicals Regulatory Compliance Testing
Contamination Detection and Analysis
Material Testing and Analysis
Elemental Analysis Certification
Others
By Sample Type:
Agrochemicals & Pesticides
Basic & Industrial Chemicals
Dyes & Detergents
Lubricants & Greases
Nanomaterial
Petrochemicals
Polymers & Plastics
Specialty Chemicals
By End Use:
Consumers Goods
Packaging & Paper
Toys
Cosmetics
Detergents & Cleaning Products
Hygiene Products
Food Material
Electrical and Electronic Products
Automotive
Environmental
Manufacturing