PFAS Testing Market worth $969.5 million by 2030
The report "PFAS Testing Market by Product Type (Instrument (LC-MS, GC, NMR), Consumables (Coloumns, Solvents, Reagents), Software), Technique (LC- MS-MS, CIC), Method (EPA, ISO, DIN, ASTM), Application (Water, F&B, Soil, Air, Blood/Serum) - Global Forecast to 2030"global PFAS testing market is projected to reach USD 969.5 million by 2030 from USD 429.2 million in 2024, at a CAGR of 14.5% during the forecast period of 2024 to 2030. The PFAS testing market is expected to experience significant growth during the forecast period, driven by increased funding for wastewater treatment initiatives and heightened efforts to raise awareness about PFAS testing for environmental protection.
Browse 280 market data Tables and 55 Figures spread through 331 Pages and in-depth TOC on "PFAS Testing Market by Product Type (Instrument (LC-MS, GC, NMR), Consumables (Coloumns, Solvents, Reagents), Software), Technique (LC- MS-MS, CIC), Method (EPA, ISO, DIN, ASTM), Application (Water, F&B, Soil, Air, Blood/Serum) - Global Forecast to 2030"
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The LC-MS-MS segment is to register a significant growth rate over the forecast period of 2023-2028.
Based on product type, he PFAS testing market is segmented into instruments (liquid chromatography mass spectrometry (Lc-ms), gas chromatography-mass spectrometry (gc-ms), standalone mass spectrometry, nuclear magnetic resonance spectroscopy, other technologies), consumables spe coloumns and cartridges, chromatography columns, reference materials & analytical standards, solvents, membrane & syringe filters, reagents, other consumables), software & services.The key growth driver in this segment over the forecast period is the universal application of LC-MS/MS in all areas of testing, such as environmental, food, and biofluids analysis. Also, the growing number of contract testing laboratories that use LC-MS/MS, as well as increased outsourcing from government and industrial facilities for wastewater and drinking water testing, is driving market growth further.
Based on Techniques segment, the market for PFAS testing is divided into liquid chromatography with tandem mass spectrometry (LC-ms-ms), gas chromatography-mass spectrometry (gc-ms), nuclear magnetic resonance spectroscopy, mass spectrometry, combustion ion chromatography, enzyme-linked immunosorbent assay, and other techniques. The LC-MS/MS segment accounted for the largest share of the PFAS testing market. The use of liquid chromatography (LC) with sophisticated tandem mass spectrometers has reduced and speeded up sample analysis, usually doing away with the requirement for lengthy sample preparation. This is expected to further drive market growth.
North America region accounted for largest share in the PFAS testing market.
Based on the region, the PFAS testing market is segmented into five major regions: North America, Europe, Asia Pacific, Latin America, Middle East and Africa. The North American market for PFAS testing holds major market share. The growth of the market is fueled by the increasing outsourcing of environmental testing to emerging nations across Asia, driven by cost advantages and the availability of skilled labor. Also, the increasing international presence of analytical instrument makers in the market is facilitating access to sophisticated test solutions. In addition, governments and regulatory authorities across the globe are imposing increasingly stringent environmental regulations, which are forcing industries to implement complete testing procedures, thereby boosting market growth even further.
As of 2022, prominent players in PFAS testing are Merck KGaA (Germany), Agilent Technologies (US), LGC Limited (UK), Waters Corporation (US), Biotage (Sweden), AccuStandard, Inc. (US), PerkinElmer, Inc. (US), Thermo Fisher Scientific, Inc. (US), Phenomenex (US), MACHEREY-NAGEL GmbH & Co. KG (Germany), and Shimadzu Corporation (Japan), among others.
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