What are the major trends shaping the growth of the geochemical services market across mining, oil & gas, and environmental sectors?
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In my opinion, the geochemical services market is expanding because of the growing need for precise resource exploration in mining and oil & gas. Companies are increasingly relying on geochemical analysis to locate and assess valuable deposits efficiently. At the same time, stricter environmental regulations and the rising focus on sustainability are driving demand for soil, water, and sediment testing. With advancements in technologies like portable XRF and mass spectrometry, these services have become faster, more accurate, and more cost-effective, making them essential across multiple industries.