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Chemical Testing Services Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2025

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
2.3. Global Chemical Testing Service Market Overview
2.4. Parent Market Overview
2.5. Chemical Testing Certifications: Snapshot
2.6. Global Chemical Testing Service Market – Certification Process
3. Market Dynamics
3.1. Macroeconomic Factors
3.2. Forecast Factors – Relevance and Impact
4. Global Historical Market Analysis 2012–2016 and Forecast 2017–2025
4.1. Market Size (US$ Mn) and Forecast
4.1.1. Market Value (US$ Mn) and forecast
4.1.2. Absolute $ Opportunity
4.2. Market Overview
4.2.1. Value Chain
4.2.2. List of Active Participants
5. Chemical Testing Market Forecast Factors: Relevance & Impact
6. Global Chemical Testing Service Market Historical Analysis 2012–2016 and Forecast 2017–2025, By Testing Service Type
6.1. Introduction
6.2. Historical Market Size (US$ Mn) Analysis By Testing Service Type (2012-2016)
6.2.1. Chemical Composition Analysis
6.2.2. Chemical Trace Analysis
6.2.3. Chemical Regulatory Compliance Testing
6.2.4. Contamination Detection and Analysis
6.2.5. Material Testing and Analysis
6.2.6. Elemental Analysis and Certification
6.2.7. Others
6.3. Market Size (US$ Mn) Forecast By Testing Service Type (2017-2025)
6.3.1. Chemical Composition Analysis
6.3.2. Chemical Trace Analysis
6.3.3. Chemical Regulatory Compliance Testing
6.3.4. Contamination Detection and Analysis
6.3.5. Material Testing and Analysis
6.3.6. Elemental Analysis and Certification
6.3.7. Others
6.4. Market Attractiveness Analysis By Test Type
7. Global Chemical Testing Service Market Historical Analysis 2012–2016 and Forecast 2017–2027, By Sample Type
7.1. Introduction
7.2. Historical Market Size (US$ Mn) Analysis By Sample Type (2012-2016)
7.2.1. Agrochemical and Pesticides
7.2.2. Basic & Industrial Chemicals
7.2.3. Dyes and Detergents
7.2.4. Lubricants and Grease
7.2.5. Nanomaterial
7.2.6. Petrochemicals
7.2.7. Polymer and plastics
7.2.8. Specialty Chemicals
7.3. Market Size (US$ Mn) Forecast By Sample Type (2017-2025)
7.3.1. Agrochemical and Pesticides
7.3.2. Basic & Industrial Chemicals
7.3.3. Dyes and Detergents
7.3.4. Lubricants and Grease
7.3.5. Nanomaterial
7.3.6. Petrochemicals
7.3.7. Polymer and plastics
7.3.8. Specialty Chemicals
7.4. Market Attractiveness Analysis By Sample Type
8. Global Chemical Testing Service Market Historical Analysis 2012–2016 and Forecast 2017–2025, By End Use
8.1. Introduction
8.2. Historical Market Size (US$ Mn) Analysis By End Use (2012-2016)
8.2.1. Consumer Goods
8.2.1.1. Packaging and paper
8.2.1.2. Toys
8.2.1.3. Cosmetics
8.2.1.4. Detergents and Cleaning Products
8.2.1.5. Hygiene Products
8.2.1.6. Food Material
8.2.1.7. Electrical and Electronics Products
8.2.1.8. Automotive
8.2.2. Environmental
8.2.3. Manufacturing
8.3. Market Size (US$ Mn) Forecast By End Use (2017-2025)
8.3.1. Consumer Goods
8.3.1.1. Packaging and paper
8.3.1.2. Toys
8.3.1.3. Cosmetics
8.3.1.4. Detergents and Cleaning Products
8.3.1.5. Hygiene Products
8.3.1.6. Food Material
8.3.1.7. Electrical and Electronics Products
8.3.1.8. Automotive
8.3.2. Environmental
8.3.3. Manufacturing
8.4. Market Attractiveness Analysis By Service
9. Global Chemical Testing Service Market Historical Analysis 2012–2016 and Forecast, By Region 2017–2025
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By Region (2012-2016)
9.2.1. North America
9.2.2. Europe
9.2.3. Latin America
9.2.4. Asia Pacific
9.2.5. Middle East and Africa
9.3. Market Size (US$ Mn) Forecast By Region (2017-2017)
9.3.1. North America
9.3.2. Europe
9.3.3. Latin America
9.3.4. Asia Pacific
9.3.5. Middle East and Africa
9.4. Market Attractiveness Analysis By Region
10. North America Chemical Testing Service Market Analysis 2012–2016 and Forecast 2017–2025
10.1. Introduction
10.2. Key Regulations
10.3. Regional Market Dynamics
10.3.1. Drivers
10.3.2. Restraints
10.3.3. Trends
10.4. Historical Market Size (US$ Mn) Analysis By Country 2012-2016
10.4.1. U.S.
10.4.2. Canada
10.5. Market Size (US$ Mn) Forecast By Country 2017-2027
10.5.1. U.S.
10.5.2. Canada
10.6. Historical Market Size (US$ Mn) Analysis By Testing Service Type (2012-2016)
10.6.1. Chemical Composition Analysis
10.6.2. Chemical Trace Analysis
10.6.3. Chemical Regulatory Compliance Testing
10.6.4. Contamination Detection and Analysis
10.6.5. Material Testing and Analysis
10.6.6. Elemental Analysis and Certification
10.6.7. Others
10.7. Market Size (US$ Mn) Forecast By Testing Service Type (2017-2025)
10.7.1. Chemical Composition Analysis
10.7.2. Chemical Trace Analysis
10.7.3. Chemical Regulatory Compliance Testing
10.7.4. Contamination Detection and Analysis
10.7.5. Material Testing and Analysis
10.7.6. Elemental Analysis and Certification
10.7.7. Others
10.8. Historical Market Size (US$ Mn) Analysis By Sample Type (2012-2016)
10.8.1. Agrochemical and Pesticides
10.8.2. Basic & Industrial Chemicals
10.8.3. Dyes and Detergents
10.8.4. Lubricants and Grease
10.8.5. Nanomaterial
10.8.6. Petrochemicals
10.8.7. Polymer and plastics
10.8.8. Specialty Chemicals
10.9. Market Size (US$ Mn) Forecast By Sample Type (2017-2027)
10.9.1. Agrochemical and Pesticides
10.9.2. Basic & Industrial Chemicals
10.9.3. Dyes and Detergents
10.9.4. Lubricants and Grease
10.9.5. Nanomaterial
10.9.6. Petrochemicals
10.9.7. Polymer and plastics
10.9.8. Specialty Chemicals
10.10. Historical Market Size (US$ Mn) Analysis By End Use (2012-2016)
10.10.1. Consumer Goods
10.10.1.1. Packaging and paper
10.10.1.2. Toys
10.10.1.3. Cosmetics
10.10.1.4. Detergents and Cleaning Products
10.10.1.5. Hygiene Products
10.10.1.6. Food Material
10.10.1.7. Electrical and Electronics Products
10.10.1.8. Automotive
10.10.2. Environmental
10.10.3. Manufacturing
10.11. Market Size (US$ Mn) Forecast By End Use (2017-2025)
10.11.1. Consumer Goods
10.11.1.1. Packaging and paper
10.11.1.2. Toys
10.11.1.3. Cosmetics
10.11.1.4. Detergents and Cleaning Products
10.11.1.5. Hygiene Products
10.11.1.6. Food Material
10.11.1.7. Electrical and Electronics Products
10.11.1.8. Automotive
10.11.2. Environmental
10.11.3. Manufacturing
10.12. Drivers and Restraints: Impact Analysis
10.13. Market Attractiveness Analysis
10.13.1. By Country
10.13.2. By Testing Service Type
10.13.3. By Sample Type
10.13.4. By End Use
10.14. Key Representative Market Participants
10.15. Market Presence of Regional Players (Intensity Map)
11. Latin America Chemical Testing Service Market Analysis 2012–2016 and Forecast 2017–2025
11.1. Introduction
11.2. Key Regulations
11.3. Regional Market Dynamics
11.3.1. Drivers
11.3.2. Restraints
11.3.3. Trends
11.4. Historical Market Size (US$ Mn) Analysis By Country 2012-2016
11.4.1. Argentina
11.4.2. Mexico
11.4.3. Brazil
11.4.4. Rest of Latin America
11.5. Market Size (US$ Mn) Forecast By Country 2017-2027
11.5.1. Argentina
11.5.2. Mexico
11.5.3. Brazil
11.5.4. Rest of Latin America
11.6. Historical Market Size (US$ Mn) Analysis By Testing Service Type (2012-2016)
11.6.1. Chemical Composition Analysis
11.6.2. Chemical Trace Analysis
11.6.3. Chemical Regulatory Compliance Testing
11.6.4. Contamination Detection and Analysis
11.6.5. Material Testing and Analysis
11.6.6. Elemental Analysis and Certification
11.6.7. Others
11.7. Market Size (US$ Mn) Forecast By Testing Service Type (2017-2025)
11.7.1. Chemical Composition Analysis
11.7.2. Chemical Trace Analysis
11.7.3. Chemical Regulatory Compliance Testing
11.7.4. Contamination Detection and Analysis
11.7.5. Material Testing and Analysis
11.7.6. Elemental Analysis and Certification
11.7.7. Others
11.8. Historical Market Size (US$ Mn) Analysis By Sample Type (2012-2016)
11.8.1. Agrochemical and Pesticides
11.8.2. Basic & Industrial Chemicals
11.8.3. Dyes and Detergents
11.8.4. Lubricants and Grease
11.8.5. Nanomaterial
11.8.6. Petrochemicals
11.8.7. Polymer and plastics
11.8.8. Specialty Chemicals
11.9. Market Size (US$ Mn) Forecast By Sample Type (2017-2027)
11.9.1. Agrochemical and Pesticides
11.9.2. Basic & Industrial Chemicals
11.9.3. Dyes and Detergents
11.9.4. Lubricants and Grease
11.9.5. Nanomaterial
11.9.6. Petrochemicals
11.9.7. Polymer and plastics
11.9.8. Specialty Chemicals
11.10. Historical Market Size (US$ Mn) Analysis By End Use (2012-2016)
11.10.1. Consumer Goods
11.10.1.1. Packaging and paper
11.10.1.2. Toys
11.10.1.3. Cosmetics
11.10.1.4. Detergents and Cleaning Products
11.10.1.5. Hygiene Products
11.10.1.6. Food Material
11.10.1.7. Electrical and Electronics Products
11.10.1.8. Automotive
11.10.2. Environmental
11.10.3. Manufacturing
11.11. Market Size (US$ Mn) Forecast By End Use (2017-2025)
11.11.1. Consumer Goods
11.11.1.1. Packaging and paper
11.11.1.2. Toys
11.11.1.3. Cosmetics
11.11.1.4. Detergents and Cleaning Products
11.11.1.5. Hygiene Products
11.11.1.6. Food Material
11.11.1.7. Electrical and Electronics Products
11.11.1.8. Automotive
11.11.2. Environmental
11.11.3. Manufacturing
11.12. Drivers and Restraints: Impact Analysis
11.13. Market Attractiveness Analysis
11.13.1. By Country
11.13.2. By Testing Service Type
11.13.3. By Sample Type
11.13.4. By End Use
11.14. Key Representative Market Participants
11.15. Market Presence of Regional Players (Intensity Map)
12. Europe Chemical Testing Service Market Analysis 2012–2016 and Forecast 2017–2025
12.1. Introduction
12.2. Key Regulations
12.3. Regional Market Dynamics
12.3.1. Drivers
12.3.2. Restraints
12.3.3. Trends
12.4. Historical Market Size (US$ Mn) Analysis By Country 2012-2016
12.4.1. EU4
12.4.2. Nordic
12.4.3. BENELUX
12.4.4. Russia
12.4.5. Poland
12.4.6. Rest of Europe
12.5. Market Size (US$ Mn) Forecast By Country 2017-2027
12.5.1. EU4
12.5.2. Nordic
12.5.3. BENELUX
12.5.4. Russia
12.5.5. Poland
12.5.6. Rest of Europe
12.6. Historical Market Size (US$ Mn) Analysis By Testing Service Type (2012-2016)
12.6.1. Chemical Composition Analysis
12.6.2. Chemical Trace Analysis
12.6.3. Chemical Regulatory Compliance Testing
12.6.4. Contamination Detection and Analysis
12.6.5. Material Testing and Analysis
12.6.6. Elemental Analysis and Certification
12.6.7. Others
12.7. Market Size (US$ Mn) Forecast By Testing Service Type (2017-2025)
12.7.1. Chemical Composition Analysis
12.7.2. Chemical Trace Analysis
12.7.3. Chemical Regulatory Compliance Testing
12.7.4. Contamination Detection and Analysis
12.7.5. Material Testing and Analysis
12.7.6. Elemental Analysis and Certification
12.7.7. Others
12.8. Historical Market Size (US$ Mn) Analysis By Sample Type (2012-2016)
12.8.1. Agrochemical and Pesticides
12.8.2. Basic & Industrial Chemicals
12.8.3. Dyes and Detergents
12.8.4. Lubricants and Grease
12.8.5. Nanomaterial
12.8.6. Petrochemicals
12.8.7. Polymer and plastics
12.8.8. Specialty Chemicals
12.9.Market Size (US$ Mn) Forecast By Sample Type (2017-2027)
12.9.1. Agrochemical and Pesticides
12.9.2. Basic & Industrial Chemicals
12.9.3. Dyes and Detergents
12.9.4. Lubricants and Grease
12.9.5. Nanomaterial
12.9.6. Petrochemicals
12.9.7. Polymer and plastics
12.9.8. Specialty Chemicals
12.10. Historical Market Size (US$ Mn) Analysis By End Use (2012-2016)
12.10.1. Consumer Goods
12.10.1.1. Packaging and paper
12.10.1.2. Toys
12.10.1.3. Cosmetics
12.10.1.4. Detergents and Cleaning Products
12.10.1.5. Hygiene Products
12.10.1.6. Food Material
12.10.1.7. Electrical and Electronics Products
12.10.1.8. Automotive
12.10.2. Environmental
12.10.3. Manufacturing
12.11. Market Size (US$ Mn) Forecast By End Use (2017-2025)
12.11.1. Consumer Goods
12.11.1.1. Packaging and paper
12.11.1.2. Toys
12.11.1.3. Cosmetics
12.11.1.4. Detergents and Cleaning Products
12.11.1.5. Hygiene Products
12.11.1.6. Food Material
12.11.1.7. Electrical and Electronics Products
12.11.1.8. Automotive
12.11.2. Environmental
12.11.3. Manufacturing
12.12. Drivers and Restraints: Impact Analysis
12.13. Market Attractiveness Analysis
12.13.1. By Country
12.13.2. By Testing Service Type
12.13.3. By Sample Type
12.13.4. By End Use
12.14. Key Representative Market Participants
12.15. Market Presence of Regional Players (Intensity Map)
13. APAC Chemical Testing Service Market Analysis 2012–2016 and Forecast 2017–2025
13.1. Introduction
13.2. Key Regulations
13.3.Regional Market Dynamics
13.3.1. Drivers
13.3.2. Restraints
13.3.3. Trends
13.4. Historical Market Size (US$ Mn) Analysis By Country 2012-2016
13.4.1. China
13.4.2. Japan
13.4.3. India
13.4.4. ASEAN
13.4.5. Australia & New Zealand
13.4.6. Rest of APAC
13.5. Market Size (US$ Mn) Forecast By Country 2017-2027
13.5.1. China
13.5.2. Japan
13.5.3. India
13.5.4. ASEAN
13.5.5. Australia & New Zealand
13.6. Rest of APAC Historical Market Size (US$ Mn) Analysis By Testing Service Type (2012-2016)
13.6.1. Chemical Composition Analysis
13.6.2. Chemical Trace Analysis
13.6.3. Chemical Regulatory Compliance Testing
13.6.4. Contamination Detection and Analysis
13.6.5. Material Testing and Analysis
13.6.6. Elemental Analysis and Certification
13.6.7. Others
13.7. Market Size (US$ Mn) Forecast By Testing Service Type (2017-2025)
13.7.1. Chemical Composition Analysis
13.7.2. Chemical Trace Analysis
13.7.3. Chemical Regulatory Compliance Testing
13.7.4. Contamination Detection and Analysis
13.7.5. Material Testing and Analysis
13.7.6. Elemental Analysis and Certification
13.7.7. Others
13.8. Historical Market Size (US$ Mn) Analysis By Sample Type (2012-2016)
13.8.1. Agrochemical and Pesticides
13.8.2. Basic & Industrial Chemicals
13.8.3. Dyes and Detergents
13.8.4. Lubricants and Grease
13.8.5. Nanomaterial
13.8.6. Petrochemicals
13.8.7. Polymer and plastics
13.8.8. Specialty Chemicals
13.9. Market Size (US$ Mn) Forecast By Sample Type (2017-2027)
13.9.1. Agrochemical and Pesticides
13.9.2. Basic & Industrial Chemicals
13.9.3. Dyes and Detergents
13.9.4. Lubricants and Grease
13.9.5. Nanomaterial
13.9.6. Petrochemicals
13.9.7. Polymer and plastics
13.9.8. Specialty Chemicals
13.10. Historical Market Size (US$ Mn) Analysis By End Use (2012-2016)
13.10.1. Consumer Goods
13.10.1.1. Packaging and paper
13.10.1.2. Toys
13.10.1.3. Cosmetics
13.10.1.4. Detergents and Cleaning Products
13.10.1.5. Hygiene Products
13.10.1.6. Food Material
13.10.1.7. Electrical and Electronics Products
13.10.1.8. Automotive
13.10.2. Environmental
13.10.3. Manufacturing
13.11. Market Size (US$ Mn) Forecast By End Use (2017-2025)
13.11.1. Consumer Goods
13.11.1.1. Packaging and paper
13.11.1.2. Toys
13.11.1.3. Cosmetics
13.11.1.4. Detergents and Cleaning Products
13.11.1.5. Hygiene Products
13.11.1.6. Food Material
13.11.1.7. Electrical and Electronics Products
13.11.1.8. Automotive
13.11.2. Environmental
13.11.3. Manufacturing
13.12. Drivers and Restraints: Impact Analysis
13.13. Market Attractiveness Analysis
13.13.1. By Country
13.13.2. By Testing Service Type
13.13.3. By Sample Type
13.13.4. By End Use
13.14. Key Representative Market Participants
13.15. Market Presence of Regional Players (Intensity Map)
14. MEA Chemical Testing Service Market Analysis 2012–2016 and Forecast 2017–2025
14.1. Introduction
14.2. Key Regulations
14.3. Regional Market Dynamics
14.3.1. Drivers
14.3.2. Restraints
14.3.3. Trends
14.4. Historical Market Size (US$ Mn) Analysis By Country 2012-2016
14.4.1. GCC
14.4.2. South Africa
14.4.3. Israel
14.4.4. Turkey
14.4.5. Rest of MEA
14.5. Market Size (US$ Mn) Forecast By Country 2017-2027
14.5.1. GCC
14.5.2. South Africa
14.5.3. Israel
14.5.4. Turkey
14.5.5. Rest of MEA
14.6. Historical Market Size (US$ Mn) Analysis By Testing Service Type (2012-2016)
14.6.1. Chemical Composition Analysis
14.6.2. Chemical Trace Analysis
14.6.3. Chemical Regulatory Compliance Testing
14.6.4. Contamination Detection and Analysis
14.6.5. Material Testing and Analysis
14.6.6. Elemental Analysis and Certification
14.6.7. Others
14.7. Market Size (US$ Mn) Forecast By Testing Service Type (2017-2025)
14.7.1. Chemical Composition Analysis
14.7.2. Chemical Trace Analysis
14.7.3. Chemical Regulatory Compliance Testing
14.7.4. Contamination Detection and Analysis
14.7.5. Material Testing and Analysis
14.7.6. Elemental Analysis and Certification
14.7.7. Others
14.8. Historical Market Size (US$ Mn) Analysis By Sample Type (2012-2016)
14.8.1. Agrochemical and Pesticides
14.8.2. Basic & Industrial Chemicals
14.8.3. Dyes and Detergents
14.8.4. Lubricants and Grease
14.8.5. Nanomaterial
14.8.6. Petrochemicals
14.8.7. Polymer and plastics
14.8.8. Specialty Chemicals
14.9. Market Size (US$ Mn) Forecast By Sample Type (2017-2027)
14.9.1. Agrochemical and Pesticides
14.9.2. Basic & Industrial Chemicals
14.9.3. Dyes and Detergents
14.9.4. Lubricants and Grease
14.9.5. Nanomaterial
14.9.6. Petrochemicals
14.9.7. Polymer and plastics
14.9.8. Specialty Chemicals
14.10. Historical Market Size (US$ Mn) Analysis By End Use (2012-2016)
14.10.1. Consumer Goods
14.10.1.1. Packaging and paper
14.10.1.2. Toys
14.10.1.3. Cosmetics
14.10.1.4. Detergents and Cleaning Products
14.10.1.5. Hygiene Products
14.10.1.6. Food Material
14.10.1.7. Electrical and Electronics Products
14.10.1.8. Automotive
14.10.2. Environmental
14.10.3. Manufacturing
14.11. Market Size (US$ Mn) Forecast By End Use (2017-2025)
14.11.1. Consumer Goods
14.11.1.1. Packaging and paper
14.11.1.2. Toys
14.11.1.3. Cosmetics
14.11.1.4. Detergents and Cleaning Products
14.11.1.5. Hygiene Products
14.11.1.6. Food Material
14.11.1.7. Electrical and Electronics Products
14.11.1.8. Automotive
14.11.2. Environmental
14.11.3. Manufacturing
14.12. Drivers and Restraints: Impact Analysis
14.13. Market Attractiveness Analysis
14.13.1. By Country
14.13.2. By Testing Service Type
14.13.3. By Sample Type
14.13.4. By End Use
14.14. Key Representative Market Participants
14.15. Market Presence of Regional Players (Intensity Map)
15. Competition Landscape
15.1 .Market Structure
15.2. Market Share Analysis
15.3. Competition Intensity Mapping By Market Taxonomy
15.4. Competition Dashboard
15.5. Company Profiles - Tentative
(Details – Overview, Financials, Strategy, Recent Developments)
15.5.1. Intertek Group Plc
15.5.2. Bureau Veritas
15.5.3. SGS SA
15.5.4. TÜV NORD AG
15.5.5. UL LLC
15.5.6. SAI Global Limited
15.5.7. Aspirata Auditing Testing And Certification (Pty) Ltd
15.5.8. SCS Global Services
15.5.9. TÜV Rheinland Group
15.5.10. MISTRAS Group
15.5.11. AsureQuality Limited
15.5.12. Nippon Kaiji Kentei Kyokai
15.5.13. Dekra SE
15.5.14. Lloyd’s Register Group Services Limited
15.5.15. Indocert
15.5.16. ALS LIMITED
15.5.17. ASTM International
15.5.18. Exova Group plc
15.5.19. BSI Group
15.5.20. Eurofins Scientific

Chemical Testing Services Market: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2025

Chemical regulatory compliance testing segment will outpace all other segments during the forecast period

The chemical regulatory compliance testing segment by testing service type is expected to outrun all other segments with respect to growth rate and reflects a CAGR of 6.2% during the period of forecast 2017-2025. The chemical composition analysis segment trails behind the chemical regulatory compliance testing segment, with a market share at the end of 2025 that is about one-third of the market share by revenue of the chemical regulatory compliance testing segment. The remaining segments are poised to grow at a steady growth rate during the period of forecast.Europe is anticipated to grow enormously reflecting a robust CAGR of 6.7% throughout the forecasted period in the chemical regulatory compliance testing segment. Following Europe, the North America regional market shows higher growth rate reaching a CAGR of 6.4% during the forecasted period and is anticipated to keep growing in the chemical regulatory compliance testing segment. Following these regions, the Asia Pacific (APAC) region shows promising growth rate and is an upcoming region in the global chemical testing services market. In the Asia Pacific region, the rising environmental and food safety measures and new ASEAN initiatives to facilitate chemical testing activities or programmes are the major driving factors for the market in this region, ultimately contributing to overall growth of the global market.

Europe dominates the market not only in the chemical regulatory compliance testing segment but the overall market as well owing to several factors. The growing partnerships between TIC providers and manufacturers in order to strengthen the food security approach in Europe is a primary aspect fuelling the growth of this market in Europe. Other factors such as subsidisation of costs by the government for certifications along with social, technological and ethical preferences are also supporting the segmental market growth in Europe. There are few trends observed in this region that have a hand in pushing the growth of the chemical testing services market in Europe. Trends such as innovation in technologies in the food processing sector, increasing traction of quality assurance schemes, and strict imposition of stringent chemical testing norms in order to reduce the instances of food borne diseases and illnesses are contributing significantly to the growth of the chemical testing services market in the Europe region.

Major opportunities and growth drivers in the global market

The global chemical testing services market is anticipated to grow at a CAGR of 5.0% during the forecast period of 2017 to 2025 and is expected to reach a market valuation of about US$ 34 Bn in 2025 from an estimated US$ 22 Bn in 2017.

The global chemical testing services market scenario has shown several opportunities to key market players of late. There is a growing demand for outsourcing of chemical services and testing becomes an essential part during the outsourcing process. Moreover, rapid industrialisation and increasing awareness among consumers has driven the global scope of the market. There is a rising demand from various companies for total quality assurance solutions. Moreover, the increasing demand for chemical safety along with quality control has spurred the growth of this market. Several frauds have been caught and it becomes imperative to conduct initial tests to avoid adulteration and deliver pure quality, thereby calling for chemical testing services. Other aspects such as increasing government initiatives and rising number of chemical testing bodies especially in Latin America also contribute to the growth of the global chemical testing services market.


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