Chicago, Jan. 09, 2024 (GLOBE NEWSWIRE) -- PFAS Testing market in terms of revenue was estimated to be worth $63 million in 2023 and is poised to reach $121 million by 2028, growing at a CAGR of 14.0% from 2023 to 2028 according to a latest report published by MarketsandMarkets™. The growth of the market is largely driven by the increasing industrial activities worldwide and active efforts by regulatory agencies to control environmental pollution. Furthermore, active government participation in environmental testing and pollution monitoring, especially in emerging countries with alarming pollution levels is anticipated to further propel market growth.
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PFAS Testing Market Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | $63 Million |
| Estimated Value by 2028 | $121 Million |
| Growth Rate | Poised to grow at a CAGR of 14.0% |
| Market Size Available for | 2021–2028 |
| Forecast Period | 2023–2028 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Consumable Type, Technique, Analyte Type, Application, and Region |
| Geographies Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
| Report Highlights | Updated financial information / product portfolio of players |
| Key Market Opportunity | Regulatory agencies to control environmental pollution due to PFAS contamination |
| Key Market Driver | Greater regulatory emphasis on effective pollution monitoring and control |
Based on the consumable type, PFAS testing is segmented into chromatography columns, sample preparation products, solvents, reagents, reference materials & analytical standards, membrane & syringe filters, and other products. During the forecast period, sample preparation products are expected to dominate the PFAS testing market. The growth of the sample preparation products segment will be driven by availability of wide range of existing sample preparation methods and the introduction of advanced technologies for environmental samples.
Based on technique, PFAS testing is segmented into liquid chromatography-mass spectrometry-mass- mass spectrometry (LC-MS-MS), gas chromatography-mass spectrometry (GC/MS), mass spectrometry, NMR spectroscopy, combustion chromatography, ELISA, and other techniques. During the forecast period, LC-MS-MS is expected to dominate the PFAS testing market. With the combination of LC and the more recent tandem mass spectrometers, sample analysis has become simple and rapid with little or no sample preparation which is anticipated to further propel market growth.
Based on analyte type, the PFAS testing market is segmented into Perfluorooctanoic Acid (PFOA), Perfluorooctane Sulfonic Acid (PFOS), Perfluorononanoic Acid (PFNA), Perfluorohexane Sulfonate (PFHxS), and other analytes. During the forecast period, the PFOS segment is estimated to hold the largest market share during the forecast period. The increased number of cases of PFOS detection in surface water, production facilities sediments and wastewater treatment led to the increasing adoption of PFAS testing is the major driver for growth.
Based on application, the PFAS testing market is segmented into wastewater, drinking water, ground & surface water, air, food & beverages, soil, serum/blood, cosmetics, and other applications. During the forecast period, drinking water is expected to account for the largest market share in the PFAS testing market. The large share of this segment is attributed to the large amount of PFAS compounds found in drinking water samples.
The PFAS testing market covers five key geographies—North America, Europe, Asia Pacific, Latin America, and the Middle East. The market in the Asia Pacific region is expected to offer significant opportunities for the growth of the PFAS testing market in 2022. The growth of the market can be attributed to the rising outsourcing of environmental testing from developed to emerging Asian nations, the increasing global presence of analytical instrument market players in the region, and increasingly stringent environmental regulation policies.
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PFAS Testing market major players covered in the report, such as:
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This report categorizes the PFAS Testing market into the following segments:
Global PFAS Testing Market, by Consumable Type
Global PFAS Testing Market, by Technique
Global PFAS Testing Market, by Analyte Type
Global PFAS Testing Market, by Application
Global PFAS testing Market, by region
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PFAS Testing Industry Recent Developments:
Key Market Stakeholders:
Report Objectives:
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