Trace metals analysis market is expected to show significant growth during the forecast period. Trace metals analysis is a method of detecting and identifying low levels of metals in a sample which can be critical to product development, quality control and regulatory compliance. With the determination of trace levels of metals in samples, contaminants can be identified, and important data can be provided to aid process improvement as well as chemical product formulation development. As the concern regarding product safety and environment is increasing, a significant growth will be observed in trace metal analysis in near future. There is a possibility that even the presence of small level of unwanted impurities can alter the characteristics of a material such as physical, electrical or other properties. During the manufacturing process, a chemical contamination can be introduced to the product in several ways that may alter the properties of final product. Trace metal analysis can provide relevant, reliable and accurate data related to contamination.

Moreover, major factor that is augmenting the trace metal analysis market include strict government regulations in various sectors such as food and beverages, cosmetics, and pharmaceutical industries. Additionally, continuous cases of adulteration across the globe and rising regulatory action to control environment pollution further contribute to the growth of the global trace metal analysis market. Controlling and understanding the chemical contamination impacts on advanced materials is of the utmost importance and can be done by using trace elemental analysis. Systematic inspection of raw materials prior to production and ongoing testing during key phases of manufacturing can aid in the identification and elimination of sources of unwanted impurities in final products. The method can detect metal to parts per million (ppm), parts per billion (ppb) and even parts per trillion (ppt) as per requirement. It is used in petroleum products, gases, consumer products, food and beverages, pharmaceutical, and other applications.

The market is further studied based on geography and is segmented into North America, Asia-Pacific, Europe and Rest of the World (RoW). North America is expected to have a significant market share in the global trace metal analysis due to strict government regulations. Moreover, per capita spending of the people is high in these countries; therefore, companies can spend more on safety of the products. Various major manufacturers such as Thermo Fisher Scientific Inc., Agilent Technologies Inc., PerkinElmer, Inc. Intertek Group PLC (US) are also present in the US, which further contribute to the regional growth of the market. Further, Asia-Pacific is expected to exhibit considerable growth during the forecast period due to contribution from emerging economies such as China and India. Government regulation regarding adulteration and pollution are continuously getting stricter in these countries due to which more demand for the metal analysis will be required in the future.

Some of the players contributing into the growth of the market include Shimadzu Corp., Thermo Fisher Scientific Inc., Rigaku Corp, PerkinElmer, Inc, Bruker Corp, Analytik Jena AG, Agilent Technologies Inc. and many more. These companies are adopting various strategies such as product launch, merger and acquisitions to stay competitive in the trace metal analysis market. For instance, in March 2019, the Thermo Fisher Scientific added new high-purity acids to its chemical portfolio for trace metal analysis. It can benefit a new range of high-purity acids which can be used in industrial, pharmaceutical, environmental and food laboratories.

Research Methodology

The market study of the global trace metal analysis market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity in our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
  
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for trace metal equipment providers, trace metal analysis service providers, various end-user industry such as pharmaceutical industry, food and beverages industry, and oil and gas industry, and government and private companies for overall market analysis and competitive analysis. The report provides in-depth analysis on market size, products, and future opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation

Global Trace Metal Analysis Market Research and Analysis by Method

Global Trace Metal Analysis Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the global trace metal analysis market.
  
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global trace metal analysis market.
• Insights about market determinants which are stimulating the global trace metal analysis market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.