Key Companies Covered in Geochemical Services Market Research Report are Fugro (Netherlands), Schlumberger (United States), Bureau Veritas Group (France), SGS (Switzerland), ALS (Australia), Saudi Aramco (Saudi Arabia), Capital Limited (Mauritius), Intertek (United Kingdom), FLSmidth (Denmark), Chinook Consulting Services (Canada).

Pune, India, June 24, 2021 (GLOBE NEWSWIRE) -- The global geochemical services market is set to gain momentum from the surging investments by countries, such as Malaysia, Singapore, Australia, and India in the production of minerals. A study by the India Brand Equity Foundation (IBEF) declared that the country produced 729.10 million tons of minerals in 2019. It produces 95 minerals, including 55 minor minerals, 3 atomic minerals, 23 non-metallic minerals, 10 metallic minerals, and 4 fuel-related minerals. As per a report by Fortune Business Insights™, titled, “Geochemical Services Market, 2021-2028,” the market size was USD 0.95 billion in 2020. It is projected to grow from USD 1.01 billion in 2021 to USD 1.41 billion in 2028 at a CAGR of 4.9% during the forecast period.

COVID-19 Pandemic: Integration of Geotechnical Services to Surge Efficiency will Aid Growth

The sudden outbreak of the COVID-19 pandemic across the globe has severely affected this industry. Regulatory bodies of several countries have deployed strict norms to cope up with the ‘new normal.’ They are also trying to mitigate operational risks and maximize efficiency by integrating geotechnical services. Our reports will help you choose the right strategy to increase sales.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

Please Visit: https://www.fortunebusinessinsights.com/enquiry/queries/geochemical-services-market-100398

Segments-

Mineral & Mining Segment Generated 41.0% Share in 2020: Fortune Business Insights™

Based on the end-user, the market is divided into oil & gas, mineral & mining, archeological survey, and others. Amongst them, the mineral & mining segment earned 41.0% in terms of the geochemical services market share in 2020. It is set to remain at the forefront because of the urgent need to identify ore deposits that are buried deep under the earth’s surface.

Request To Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/geochemical-services-market-100398

Report Coverage-

Our analysts have conducted qualitative and quantitative research, as well as a mixture of primary and secondary resources to gather information about the market for pesticides carriers. They have taken data from press releases, paid databases, company journals, and other sources to offer a complete picture of the market. To collect information about the competitive landscape they have conducted interviews with renowned personalities present in this industry.

Drivers & Restraints-

Increasing Commercial Construction in Italy and U.K. to Bolster Growth

The rising construction activities across utility, industrial, infrastructural, commercial, and residential sectors, especially in Europe and North America would propel the demand for geochemical services. Developed countries, such as Russia, Canada, France, U.K., and Germany have planned multiple construction projects that are yet to take place in the near future. At the same time, these countries are experiencing an increasing number of ongoing construction works to strengthen their infrastructural base. Besides, governments of these countries are offering subsidies to encourage investments in the construction industry. The commercial construction in U.K., Italy, Spain, and Canada to surge tourism would also drive the geochemical services market growth in the upcoming years. However, the high cost of monitoring equipment and geochemical instrumentation may hamper growth.

Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/geochemical-services-market-100398

Regional Insights-

Surging Investments in Oil & Gas and Mining Industries to Help Asia Pacific Lead

Regionally, Asia Pacific held USD 0.27 billion in 2020 in terms of revenue and is expected to dominate throughout the forthcoming years. This growth is attributable to the increasing norms put forward by government bodies to invest in mining and oil & gas sectors. In Europe, a large number of companies are supervising the deployment of effective geochemical services for various applications. Carbon Trust, for instance, issued new regulations for undertaking geotechnical surveying in April 2020. These norms would be able to streamline the operations of offshore wind farms by supporting the installation of subsea cables.

Competitive Landscape-

Key Players Focus on New Laboratory Development & Capacity Expansions to Compete in Market

The global market contains various geochemical service providers that are majorly focusing on expanding their sample processing capacities to cater to the high consumer demand worldwide. A few others are developing new facilities to broaden their geographic footprint. Below are the two significant industry developments:

• July 2020: SGS opened its new commercial geochemistry laboratory in Ghana to process approximately 50,000 to 60,000 samples every month. It is set to replace the current facility to surge the sample processing capacity.

• August 2019: SGS opened its unique geochemical laboratory in Townsville, Australia. It will provide in-house analysis, increased capacity, new analytical technologies, and improved client services for mining and metal groups.

Speak to Analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/geochemical-services-market-100398

A list of renowned providers of geochemical services present in the global market:

• Fugro (Netherlands)

• Schlumberger (United States)

• Bureau Veritas Group (France)

• SGS (Switzerland)

• ALS (Australia)

• Saudi Aramco (Saudi Arabia)

• Capital Limited (Mauritius)

• Intertek (United Kingdom)

• FLSmidth (Denmark)

• Chinook Consulting Services (Canada)

Quick Buy- Geochemical Services Market: https://www.fortunebusinessinsights.com/checkout-page/100398

Detailed Table of Content

• Introduction

  • Research Scope

  • Market Segmentation

  • Research Methodology

  • Definitions and Assumptions

• Executive Summary

• Market Dynamics

  • Market Drivers

  • Market Restraints

  • Market Opportunities

• Key Insights

  • Key Emerging Trends – For Major Countries

  • Latest Technological Advancement

  • Regulatory Landscape

  • Porters Five Forces Analysis

• Qualitative Analysis – Impact of COVID-19

  • Impact of COVID-19 on the Geochemical Services Market

  • Steps Taken by the Government to Overcome the Impact

  • Key Developments in the Industry in Response to COVID-19

  • Potential Opportunities and Challenges due to COVID-19 Outbreak

• Global Geochemical Services Market Analysis (USD Billion), Insights and Forecast, 2017-2028

  • Key Findings / Summary

  • Market Analysis, Insights and Forecast – By Type

    • laboratory-based

    • Infield-based

  • Market Analysis, Insights and Forecast – By Service Type

    • Sample Preparation

    • Mixed Acid Digest

    • Hydrogeochemistry

    • Fire Assay

    • X-ray Fluorescence

    • Aqua Regia Digest

    • Others

  • Market Analysis, Insights and Forecast – By End-user

    • Mineral & Mining

    • Oil & Gas

    • Archaeological Survey

    • Others

  • Market Analysis, Insights and Forecast – By Region

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

TOC Continued…

Have a Look at Related Research Insights:

Geohazard Market Size, Share & COVID-19 Impact Analysis, By Service (Site Investigation, Risk Assessment, Modelling, and Others), By End-User (Oil & Gas, Marine, Residential & Commercial, Infrastructure, and Others), and Regional Forecast, 2021-2028

Geotechnical Services Market Size, Share and COVID-19 Impact Analysis, By Type (Underground City Space, Slope and Excavation, and Ground and Foundation), By End-user (Municipal, Bridge and Tunnel, Oil & Gas, Mining, Marine, Building Construction, and Others), and Regional Forecast, 2020-2027

Water Clarifiers Market Size, Share, and Industry Analysis, By Type (Flocculants, Organic Coagulants, Inorganic Coagulants, Ph Stabilizers), By Application (Municipal, Pulp & Paper, Textiles, Petrochemicals, Metals & Mining, Others), and Regional Forecast, 2019-2026.

Zero Liquid Discharge Market Size, Share and Industry Analysis, By Technology (Thermal Based, Membrane Based), By Application (Energy & Power, Food & Beverages, Chemical & Petrochemical, Textiles, Pharmaceutical, Others), and Regional Forecast, 2019 to 2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs