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.
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.
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.
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.
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.
North America is expected to be the largest market for the PFAS testing industry during the forecast period.
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.
Prominent players in the PFAS Testing market include:
- Merck KGaA (Germany)
- Agilent Technologies (US)
- LGC Limited (UK)
- Waters Corporation (US)
- Biotage (Sweden)
- AccuStandard, Inc. (US)
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.
Conclusion:
The PFAS testing market is poised for significant growth, driven by increasing environmental and health concerns, stringent regulatory standards, and advancements in testing technologies. PFAS, often referred to as “forever chemicals” due to their persistence in the environment and human body, have been linked to various adverse health effects, prompting a global demand for comprehensive testing solutions.