The North American PFAS testing market is projected to reach USD 55 million by 2028 from USD 28 million in 2023 at a CAGR of 14.3% during the forecast period.
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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.
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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.
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:
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.
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.
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