According to the latest report by IMARC Group, titled “Material Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global material testing market to reach a value of US$ 6.9 Billion by 2026, exhibiting a CAGR of 3.51% during 2021-2026.
Material testing refers to a technique of measuring the structural, physical, and mechanical characteristics of numerous materials and components. It is widely adopted to analyze the behavior of ceramics, plastics, and metals, under diverse conditions. Material testing can be primarily classified into thermal testing, nondestructive testing, mechanical testing, and resistance testing against radiation, corrosion, and biological deterioration. Several tests are generally conducted with the help of various universal, servo-hydraulic, hardness, and impact test machines. Material testing is extensively adopted for production, quality control, research, and laboratory applications across numerous sectors, such as automotive, construction, oil and gas, education, aerospace, defense, energy and power generation, etc.
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A significant growth in the construction industry has led to the increasing demand for material testing for improving the quality of sealants, adhesives, mortar, ceramics, concretes, etc., thereby propelling the market for material testing. Moreover, the rising adoption of material testing in the medical industry to test material integrity, adhesion capacities, surface morphology, etc., is also augmenting the market growth. Several technological innovations have led to the development of testing equipment with multi-stage testing capabilities and picture-video capture functionalities, which will continue to drive the market for material testing in the coming years.
Material Testing Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
The report has segmented the market on the basis of type, material, end use industry and region.
Breakup by Type:
Breakup by Material:
Breakup by End Use Industry:
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Breakup by Region:
Key highlights of the report:
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