The global geochemical services market size reached USD 1.30 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.20 Billion by 2033, exhibiting a growth rate (CAGR) of 5.56% during 2025-2033. The market is majorly driven by the increasing application of geochemical services in the metal and mining sector, the rising investments in exploring and analyzing the geological materials containing precious earth elements, the growing adoption of proficiency testing in analytical geochemistry laboratories, and rapid technological advancements.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 1.30 Billion |
Market Forecast in 2033
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USD 2.20 Billion |
Market Growth Rate 2025-2033 | 5.56% |
Significant growth in archeological survey industry
There has been a growth in construction activity worldwide. With countries like Germany and the United Kingdom striving to improve their infrastructure, government grants and subsidies are projected to drive major investment in the building industry. In addition, certain countries, including Canada, Spain, Italy, and the United Kingdom, are providing a boost to travel and tourism activities, which are leading to a higher demand for environmental impact assessments to ensure sustainable tourism practices. The rapid growth in the number of hotels, resorts, parks, and other commercial structures as a result of increased tourism activities is impelling demand for these services to ensure safe construction, environmental sustainability, and regulatory compliance. The geochemical survey aids in the detection of human habitation beyond archaeological remains caused by anthropogenic activities such as food preparation, fires, or craft working. According to the Deloitte Global Construction Report 2020, the Canadian construction industry was valued at USD 153 billion in 2019, employing 5.8% of the active population, and is predicted to grow to USD 192 billion by 2025. This is expected to accelerate the market value.
Expansion of the mining sector
The mining industry is one of the major consumers of geochemical services. The increasing demand for these services is driven by the progression of mining operations and the need for precise mineral and resource assessments in the mining and mineral industries, Furthermore, the increasing demand for ores, metals, and minerals is projected to increase the geochemical services demand in the mineral and mining industries in the near future. Besides, mining activities and operations require significant investment, which necessitates their success. Rising mining projects for trending minerals in various countries are also a factor driving market expansion. The critical role of oil exploration in regional territories drives the demand for these services to ensure efficient and sustainable extraction processes. Also, the potential of feasible oil production to transform regional financial fortunes is resulting in the need for comprehensive geochemical analyses and services.
Growing number of inter-country agreements
The increasing awareness regarding geochemical exploration has opened the avenues for growth of the companies operating in the market. Resulting from the rising demand for minerals, several countries have collaborated to improve hydrocarbon exploration. These agreements often facilitate cross-border mining projects, oil exploration, and infrastructure development, necessitating comprehensive geochemical analysis to ensure compliance with diverse regulatory standards and environmental protections. In April 2018, India and Morocco signed a Memorandum of Understanding (MoU) to accelerate geochemical activities to explore the untapped resources. The MoU was signed to develop geological resources and improve the infrastructure of geoscience. Additionally, the MoU will enable the countries to strengthen their geological research sources. The MoU further states that the countries will conduct geological research and related studies with the help of investments and funding through public and private sector. As countries collaborate to optimize resource utilization and minimize environmental impact, the market is experiencing significant growth and innovation.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on type, service type, and application.
Breakup by Type:
Laboratory-based dominates the market
The report has provided a detailed breakup and analysis of the market based on the type. This includes laboratory-based and infield-based. According to the report, laboratory-based represented the largest segment.
The laboratory-based segment accounted for the major market share. In geochemical services, laboratory analysis is performed on the collected samples of minerals and soil to assess the presence, absence, or concentration of many substances on the earth’s crust. Laboratory analysis comprises the collection of samples, chemical analysis of samples, and interpretation of analytical results. Infield analysis is also the major segment of the market, as it is a method of data collection that helps to observe and examine in a natural environment. It encompasses a diverse range of research methods, including direct observation, limited participation, and the analysis of documents and other information.
Breakup by Service Type:
Sample preparation holds the largest share in the market
A detailed breakup and analysis of the market based on the service type have also been provided in the report. This includes sample preparation, proficiency testing, and others. According to the report, sample preparation accounted for the largest market share.
Sample preparation is crucial to the development of the global market since it ensures that analysis results are accurate and reliable. Companies specializing in sample preparation like ALS Limited and Intertek Group Plc simplify their processes so as to handle different types of samples more efficiently. They have advanced methods of crushing, grinding and pulverizing for this purpose which conform to the strictest industry standards and regulations. Good sample preparation improves precision in analysis, shortens project timelines and cuts the costs incurred by mining, energy and environmental clients. Additionally, workable automation as well as robotics innovations optimize workflow thereby increasing throughput while maintaining consistency across large-scale projects. The need for dependable geochemical data that supports exploration as well as global environment monitoring is resulting in the dominance of sample preparation segment in the market.
Breakup by Application:
Industrial holds the maximum share in the market
A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes scientific research, industrial, and statistical. According to the report, industrial accounted for the largest market share.
The market growth is largely driven by the industrial sector, which heavily depends on precise geochemical analysis for resource exploration, environmental monitoring, and regulatory compliance. Sectors like mining, oil and gas, and manufacturing make use of geochemical services to evaluate soil and water quality, identify pollutants, and improve extraction techniques. Important companies such as SGS SA and Bureau Veritas offer vital services such as analyzing samples, interpreting data, and providing consultation to address industry-specific difficulties and regulatory needs on a global scale. Improvements in analytical methods, automation, and digital tools continue to boost effectiveness and dependability, addressing a wide range of industrial customers' requirements. The increasing global industrial activities are leading to a rising need for specialized services, which is driving innovation and investment in this dynamic market segment.
Breakup by Region:
Asia Pacific leads the market, accounting for the largest geochemical services market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific represents the largest regional market for geochemical services.
According to the report, Asia Pacific was the largest market for geochemical services. Some of the factors driving the market in Asia-Pacific included the increasing application of these services in the metal and mining sector, extensive research and development (R&D) activities, and the widespread adoption of these services in archaeological studies. In Asia Pacific, several countries, such as India, Australia, Singapore, and Malaysia, have started investing heavily in mineral production. According to the India Brand Equity Foundation (IBEF), in 2019, India stood at 729.10 million tons in terms of mining. India produces 95 minerals- 4 fuel-related minerals, ten metallic minerals, 23 non-metallic minerals, three atomic minerals, and 55 minor minerals.
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report | Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Type Covered | Laboratory-based, Infield-based |
Service Types Covered | Sample Preparation, Proficiency Testing, Others |
Applications Covered | Scientific Research, Industrial, Statistical |
Regions Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Actlabs Group, ALS Limited, Bureau Veritas, Capital Limited, Chinook Consulting Services Ltd., Enviros, FLSmidth, Fugro, Intertek Group plc, Schlumberger Limited, SGS SA, etc. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |