Private Equity
Andrea Alms Video: Money In Motion 132 - Forever Chemicals PFAS Testing Market
November 2024 - Private Equity
TRANSCRIPT: Hello, my name is Andrea Alms. I'm a technology investor and financial manager and this is your money in motion. What is it? PFA or per polyfluoroalkyl substances. A group of manmade chemicals that are resistant to heat, water and oil. They are also known as forever chemicals because they do not break down in the environment and can build up in the blood and organs over time. According to the North Carolina Fast Testing Network, human and animal studies are linked to exposure to PFAs in a range of health effects, including increased cholesterol levels, reduced fertility, weakened immune system, including risk of certain types of cancers including kidney and testicular cancer, and developmental outcomes in infants, children such as low birth weight and developmental delays at research a market.
The market was 63,000,000 in 2023 and forecast to grow to 121,000,000 in 2028, and the combat average growth rate of 14% at markets and markets, the market was 88,000,000 in 2021, and forecast to grow to 217,000,000 in 2028, at a compound average growth rate of 14.4% at 360 I research. The market was 71.86 million in 2023 and forecast to grow to 168.59 million in 2030, at an average growth rate of 12.95%, averaging the averages.
The market is 0.7 billion with a growth rate of 13.8%. Although this is not yet a multi-billion dollar market with double digit growth, it will get there sooner than you think. As it is a forever chemical, this market will be with us forever.
Thank you. This is your money, your money in motion.