PFAS Testing Market by Consumable Type (Sample Preparation, Chromatography Columns), Technique (LC-MS-MS, GC/MS, NMR, ELISA), Analyte Type (PFOS, PFOA, PFNA, PFHxS), Application (Drinking Water, Wastewater, Air, Soil) & Region - Global Forecast to 2028
The global PFAS testing market in terms of revenue was estimated to be worth $110 million in 2023 and is poised to reach $217 million by 2028, growing at a CAGR of 14.4% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market.
Growth of the market is attributed to the privatization of environmental testing services, increasing investments in wastewater treatment and water management, the demand and uptake of analytical instruments for wastewater treatment applications are expected to increase significantly in the coming years.
Global PFAS Testing Market Trends
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e- Estimated; p- Projected
PFAS Testing: Market Dynamics
Driver: Greater regulatory emphasis on effective pollution monitoring and control
Authorities in many countries have started enacting various policies and legislations for effective pollution monitoring and control. Regulations and legislations set forth by government organizations have triggered the testing, inspection, and certification of environmental samples by governments and manufacturing companies. In this regard, regulatory bodies have introduced guidelines regulating the inspection, sampling, and testing of environmental samples to detect the presence of pollutants and contaminants. These bodies have introduced various programs to generate awareness and set testing specifications to ensure the safety of the environment and reduce the health risks associated with a polluted environment. All such initiatives are expected to drive the demand for analytical standards worldwide during the forecast period.
Restraint: Stringent storage requirements for PFAS testing reagents and analytical standards
Globally, the demand for solvents, reagents and analytical standards is increasing because of the rising number of PFAS analysis and environmental testing activities; wastewater plants and industries like food and beverages require analytical reagents and standards for parent compounds to carry per-and polyfluoroalkyl substances investigations. The PFAS testing solvents and reagents should be in the required amount and should have high purity levels. This is a major challenge as their integrity can be easily affected by degradative processes. Thus, proper storage is essential for their successful deployment. Moreover, due to the short shelf life of various reagents and reference materials, industries are reluctant to purchase large quantities of these compounds and mostly prefer to purchase on a real-time basis. This is expected to restrain the growth of the market.
Opportunity: Regulatory agencies to control environmental pollution due to PFAS contamination
The extensive health threats related to PFAS, the government has implemented PFAS testing regulations, which leads to the increasing adoption of environmental pollution equipment for PFAS. Additionally, in October 2021, the US EPA announced the Agency’s PFAS Strategic Roadmap, mapping out the agency’s approach to addressing the pollution due to PFAS contamination. The agency also established the EPA Council on PFAS in April 2021 to execute a bold, strategic, whole-of-EPA strategy to protect public health and the environment from the impacts of PFAS. Some of the notable actions taken in the same line include publishing the National Testing Strategy in October 2021, a national PFAS testing strategy to deepen the understanding of the impacts of PFAS, including potential hazards to human health and the environment. Similarly, the agency also published the final toxicity assessment for GenX and five additional PFAS—PFBA, PFHxA, PFHxS, PFNA, and PFDA—to better understand human health and environmental effects in October 2021. These efforts from regulatory agencies to monitor & limit the level of PFAS are expected to drive the growth of this application segment.
Challenge: Inadequate supporting infrastructure and the shortage of skilled professionals
Testing & certification practices in several developing countries lack organization, sophistication, and technology. The lack of the basic supporting infrastructure for setting up testing laboratories is another major challenge to the growth of the market. Testing service providers in some developing regions also face challenges in obtaining samples from manufacturing companies as they are fragmented and dominated by small enterprises. Other key issues include a lack of institutional coordination, a shortage of equipment, technical skills, and expertise for legislating legislation at the grassroots; and a lack of updated standards.
Proper chromatography and mass spectrometry equipment and use of consumables require expertise with relevant experience and knowledge of the technique. Moreover, selecting the right chromatography/mass spectrometry technique and method (specific to a given PFAS analyte) plays a crucial role in gaining valuable results. Lack of knowledge regarding the right choice of technology affects the operation results and incurs several direct and indirect expenses for end users.
There is a significant shortage of skilled personnel for method development, validation, operation, and troubleshooting activities. Apart from developing nations, mature markets also face a shortage of skilled professionals. For instance, the National Technical Development Centre (NTDC) outlined the challenges faced by the technical community in the UK at the Lab Innovations 2019 Conference. Birmingham, UK. According to the NTDC, by 2030, the UK will require a further 700,000 technicians to support the economy. Hence, the shortage of skilled technical workforce poses a challenge to this market's growth.
Market Ecosystem
By technique, the LC-MS-MS segment of the PFAS testing industry accounted for the largest share during the forecast period.
Based on the technique, the PFAS testing market 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. In 2022, the LC-MS-MS segment accounted for the largest share of the market; widespread use of LC-MS-MS techniques evaluating the presence of a large variety of chemical contaminants and pollutants in environmental components such as water, soil, and plant materials has led to the growth of the segment.
By application, the drinking water segment of the PFAS testing industry accounted for the largest share during the forecast period.
Based on the application, the PFAS testing market is segmented into wastewater, drinking water, ground & surface water, air, food & beverages, soil, serum/blood, cosmetics, and other applications. The drinking water segment accounts for the largest share of the market. Increasing government regulations and legislation for examining PFAS testing in drinking water and the availability of proper methods are expected to propel the growth of this segment during the forecast period.
By method, the EPA segment of PFAS testing industry is expected to witness significant growth during the forecast period.
Based on the method, the PFAS testing market is segmented into EPA, DIN, ISO, ASTM and other methods. The PFOS segment is expected to witness significant growth during the forecast period. The increasing manufacturing of medicinal & petrochemical products and significant growth in the food & beverage industry has led to the significant growth and dominance of the segment in the industry in the upcoming years.
North America is expected to be the largest market for the PFAS testing industry during the forecast period.
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The PFAS testing market has been segmented into five major regions, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America, comprising the US and Canada, held the largest share of the global market in 2022. On the other hand, the Asia Pacific market is estimated to register the highest growth rate during the forecast period. North America accounted for a share of 45% of the market, followed by Europe with a share of 35%. This region is witnessing growth due to greater regulatory emphasis on effective pollution monitoring and control High adoption of advanced analytical technologies and growing funding for environmental testing.
As of 2022, prominent players in the PFAS Testing market 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.
Scope of the PFAS Testing Industry
|
Report Metric |
Details |
|
Market Revenue in 2023 |
$110 million |
|
Projected Revenue by 2028 |
$217 million |
|
Revenue Rate |
Poised to Grow at a CAGR of 14.4% |
|
Market Driver |
Greater regulatory emphasis on effective pollution monitoring and control |
|
Market Opportunity |
Regulatory agencies to control environmental pollution due to PFAS contamination |
This report has segmented the global PFAS testing market to forecast revenue and analyze trends in each of the following submarkets:
By Consumable Type
- Chromatography Columns
-
Sample Preparation Products
- SPE Columns & Cartridges
- Other Sampling Consumables
- Solvents
- Reagents
- Reference Materials & Analytical Standards
- Membrane & Syringe Filters
- Other Products
By Technique
- LC-MS-MS
- GC/MS
- Mass Spectrometry
- NMR Spectroscopy
- Combustion Chromatography
- ELISA
- Other Techniques
By Analyte Method
- EPA
- DIN
- ISO
- ASTM
- Other Methods
By Application
- Wastewater
- Drinking Water
- Ground & Surface Water
- Air
- Food & Beverages
- Soil
- Serum/Blood
- Cosmetics
- Other Applications
By Region
-
North America
- US
- Canada
-
Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia Pacific
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
-
Middle East & Africa
- GCC Countries
- Rest of the Middle East & Africa
Recent Developments of PFAS Testing Industry
- In August 2022, Agilent Technologies, Inc. plans to invest $20 million to expand its Shanghai manufacturing center to meet growing demand in China for the company’s advanced liquid chromatography (LC), spectrometer, and mass spectroscopy (MS) systems.
- In June 2022, MACHEREY-NAGEL GmbH & Co. KG introduced NUCLEODUR PFAS and PFAS Delay, HPLC columns for the analysis of per- and polyfluoroalkyl substances (PFAS).
- In September 2020, Waters Corporation established its Innovation and Research Laboratory in Massachusetts (US). For the innovation of analytical instruments and their consumables, which will strengthen the product portfolio of analytical products and consumables of Waters Corporation.
Frequently Asked Questions (FAQ):
What is the projected market revenue value of the global PFAS testing market?
The global PFAS testing market boasts a total revenue value of $217 million by 2028.
What is the estimated growth rate (CAGR) of the global PFAS testing market?
The global PFAS testing market has an estimated compound annual growth rate (CAGR) of 14.4% and a revenue size in the region of $110 million in 2023.
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This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.
Secondary Research
The secondary research process involves the widespread use of secondary sources, directories, databases (such as Bloomberg Businessweek, Factiva, and D&B Hoovers), white papers, annual reports, company house documents, investor presentations, and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the PFAS testing market. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.
Primary Research
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology & innovation directors, and related key executives from various key companies and organizations in the PFAS testing market. The primary sources from the demand side include OEMs, private and contract testing organizations and service providers, among others. Primary research was conducted to validate the market segmentation, identify key players in the market, and gather insights on key industry trends & key market dynamics.
A breakdown of the primary respondents is provided below:
*Others include sales managers, marketing managers, business development managers, product managers, distributors, and suppliers.
Note: Companies are classified into tiers based on their total revenue. As of 2022, Tier 1 = >USD 2 billion, Tier 2 = USD 50 million to USD 2 billion, and Tier 3 = <USD 50 million.
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Market Estimation Methodology
In this report, the global PFAS testing market size was arrived at by using the revenue share analysis of leading players. For this purpose, key players in the market were identified, and their revenues from the PFAS testing products business were determined through various insights gathered during the primary and secondary research phases. Secondary research included the study of the annual and financial reports of the top market players. In contrast, primary research included extensive interviews with key opinion leaders, such as CEOs, directors, and key marketing executives.
Approach 1: Company revenue estimation approach
To calculate the global market value, segmental revenues were calculated based on the revenue mapping of major solution/service providers. This process involved the following steps:
- Generating a list of major global players operating in the PFAS testing market
- Mapping annual revenues generated by major global players from the PFAS testing segment (or nearest reported business unit/service category)
- Revenue mapping of key players to cover a major share of the global market as of 2022
- Extrapolating the global value of the PFAS testing industry
Approach 2: End user-based market estimation
During preliminary secondary research, the total sales revenue of PFAS testing was estimated and validated at the regional and country level, triangulated, and validated to estimate the global market value. This process involved the following steps:
- Generating a list of major customer facilities across each Region and country
- Identifying the average number of PFAS testing product supplies used by major customer facilities across each product type at the regional/country level, annually
- Identifying the percentage contribution of major customer facilities to the overall PFAS testing expenditure and usage at the regional/country level, annually
- Extrapolating the annual usage patterns for various products across major customer facilities to estimate the size of each product segment at the regional/country level, annually
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Data Triangulation
After arriving at the overall market size from the market size estimation process explained above, the global PFAS testing market was split into segments and subsegments. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the PFAS testing market was validated using both top-down and bottom-up approaches.
Market Definition
Perfluoroalkyl and poly-fluoroalkyl substances (PFAS) is the name used to refer to a class of more than 4,000 individual chemicals with strong carbon-fluorine bonds that have been valued for their nonstick and stain-repellent properties and can be found in food packaging, cosmetics, cookware, waterproof clothing, carpets, mattresses, electronics, and fire-fighting foams. PFAS used in metal finishing & plating, hydraulic fluids, and semiconductor manufacturing in manufacturing industries.
Key Market Stakeholders
- PFAS Testing Products Manufacturing Companies
- Food & Beverage Manufacturing Companies
- Environmental Monitoring Product Manufacturers
- Air Quality Monitoring Product Manufacturers
- Pollution Monitoring Manufacturers
- Product Sales and Distribution Companies
- Government Regulatory Authorities
- Research Laboratories and Academic Institutes
- Clinical Testing Organizations (CTOs)
- Research and Development Companies
- Market Research and Consulting Firms
Objectives of the Study
- To define, describe, and forecast the PFAS testing market on the basis of consumable type, technique, analyte type, application, and region.
- To provide detailed information regarding the major factors influencing the growth potential of the global PFAS testing market (drivers, restraints, opportunities, challenges, and trends).
- To analyze the micro markets with respect to individual growth trends, future prospects, and contributions to the global PFAS testing market.
- To analyze key growth opportunities in the global PFAS testing market for key stakeholders and provide details of the competitive landscape for market leaders.
- To forecast the size of market segments and/or subsegments with respect to five major regions, namely, North America (the US and Canada), Europe (Germany, the UK, France, Italy, Spain, and Rest of Europe), Asia Pacific (Japan, China, India, Australia, South Korea, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East and Africa (GCC Countries and Rest of MEA).
- To profile the key players in the global PFAS testing market and comprehensively analyze their market shares and core competencies.
- To track and analyze the competitive developments undertaken in the global PFAS testing market, such as agreements, expansions, and & acquisitions.
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the present global PFAS testing market report:
Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolios of the top fifteen companies
Company Information
- Detailed analysis and profiling of additional market players (up to 15)
Geographic Analysis
- Further breakdown of the Rest of Europe's PFAS testing market into Russia, Belgium, the Netherlands, Switzerland, Austria, Finland, Sweden, Poland, and Portugal among other
- Further breakdown of the Rest of Asia Pacific PFAS testing market into Singapore, Taiwan, New Zealand, Philippines, Malaysia, and other APAC countries
- Further breakdown of the Rest of the Latin America PFAS testing market into Argentina, Chile, Peru, and Colombia, among other
Growth opportunities and latent adjacency in PFAS Testing Market