Geochemical Services Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global geochemical services market size reached a value of around USD 1.15 Billion in 2024 . The market is expected to grow at a CAGR of 4.60% between 2025 and 2034, reaching a value of around USD 1.80 Billion by 2034 .

Key Trends in the Market

Geochemical services refer to the services that offer specialised study of geochemistry, the study of the formation, history, and distribution of chemical elements on Earth that are found in rock-forming minerals and the by-products made from these elements. Natural resource exploration such as oil, minerals, and natural gas is significantly supported by geochemical services, as these services aid in the analysis of locations where commercially valuable minerals, petroleum, water, and metal can be found.

• Increased demand for metals, ores, and minerals would fuel the geochemical services market growth as technical developments in geochemical services and technology are projected to make the mining process more efficient and effective.
• The expanding use of geochemistry services in archaeological studies to aid in the interpretation of artefacts and deposits from the past as well as to comprehend how metal is distributed and consumed is projected to fuel geochemical services market expansion throughout the forecast period.
• In the upcoming years, it is projected that the rising demand for economically valuable minerals and metals from a variety of end-use industries, including construction and industrial hygiene, will contribute to market expansion.

Market Segmentation

The report titled “Global Geochemical Services Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type:

• In-field Based
• Laboratory Based

Market Breakup by Application:

• Scientific Research
• Industrial
• Statistical

Market Breakup by Services:

• Sample Preparation
• Proficiency Testing
• Others

Market Breakup by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Services

As per the geochemical services market research, the proficiency testing services segment is expected to expand at a significant rate as a result of its expanding use in analytical geochemistry labs. Proficiency testing increases the analytical precision of geochemical analysis and offers self-help tools for identifying issues with data correctness so that remedial action can be implemented quickly. Additionally, proficiency testing boosts exam standards, offers a comparison with other labs, and gives staff information about the lab's performance, thereby expanding the market for geochemical services. Meanwhile, sample preparation services will likely account for a sizable portion of the market, with microwave digestions employed in sample preparation to get the samples ready for instrument analysis. These methods precisely maintain temperatures to guarantee effective digestion.

Market Share by Region

Geographically, Asia Pacific is one of the leading regions in the global geochemical services market, due to the significant demand for metals and ores in the region. Due to the rising demand for minerals and metals, particularly in developing nations like China and India, the market for geochemical services in the region is expected to grow at a high rate over the forecast period. Rules and regulations of various governments in the region that encourage the use of renewable resources in the mining and oil, and gas industries are further propelling the market growth. The geochemical services market demand is also being fuelled by the vigorous development of new geochemical laboratories offering a wide range of services, including base metal testing, pharmaceutical and raw material testing, and others, in emerging economies like China.

Competitive Landscape

Bureau Veritas Group

Bureau Veritas Group, founded in 1828 and headquartered in Hauts-de-Seine, France, is a leader in testing, inspection, and certification worldwide. It serves industries such as commodities and agriculture, oil and gas, food, automotive and transport, chemicals, financial services and public sector, building and infrastructure, marine and offshore, consumer products and retail, and power and utilities.

SGS SA

SGS SA, with its headquarters in Geneva, Switzerland, is one of the world’s major testing, inspection, and certification companies. Founded in 1878, the company inspects, analyses, and monitors raw materials, food, petroleum, consumer goods, crops, chemicals, and production machinery for compliance with industrial standards and local regulatory requirements, including tax and duty.

Actlabs Group

Actlabs Group is a multinational corporation that was created in 1987 and has its headquarters in Ontario, Canada. The Actlabs Group offers contractual analytical services for all facets of analysis, from ordinary quality control procedures to academic research applications. For the mining sector, its regional full-service laboratories include custom standard reference material creation, on-site sample preparation, mineralogy and metallurgy services, classic and cutting-edge geochemical analysis, and mine site laboratories.

Other market players include Intertek Group plc, and ALS Limited, among others.