According to latest research by Future Market Insights, corrosion testing market is set to witness steady growth during 2021 to 2031. Subscription of corrosion testing services across respective end use industries is expected to occur at a sound rate with continued OPEX based investments by the stakeholders.
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Increasing industrialization is forecasted for raising demand for industrial machinery and components. Market players in the field of services are offering corrosion testing for various field such as soil corrosion, metal corrosion, corrosion due to gas and water, and amongst others
Corrosion testing services is being sought owing to increasing concern of manufacturers about costs associated with metal corrosion on the existing equipment. To arrest any significant damage and replacement of the asset incurring high sum of expenditure, the periodic monitoring and inspection via designated service is estimated to accelerate the growth of the market.
Wide range of manufacturers are attracting towards corrosion tests for manufacturing critical components and other materials for various industries such as oil & gas, automotive, electronics, aerospace & defense, etc. Therefore, increasing demand for wide range of application is forecasted for boosting the growth of the corrosion testing services market.
Market participants and service providers are focusing on increasing their offering owing to significantly cover wide range of end-users. Moreover, player are using high-tech testing equipment such as EM with EDX, EPMA, X-ray diffraction and OES, Hydrogen analysis, FT-IR with ATR, DSC etc. for various corrosion testing.
Moreover, local/regional player are prompting cost-effective testing analysis to gain high customer base. Increasing development for various corrosion testing is estimated to shape the demand pattern.
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Demand from established and upcoming oil & gas refineries & reserves is expected to boost the regional market for upstream, midstream and downstream processes. While is USA is believed to acquire a major share, Canada is expected to gain greater growth due to new investments and sales by the end stakeholder. Other industries are also expected to offer sound growth opportunities in the region.
With petrochemicals market gaining robust growth in the region, countries of East Asia are expected to be the key regional markets for undertaking corrosion testing services. Moreover, growth of water supply and distribution infrastructure in emerging economies of South Asia, the demand is expected to augment further generating continued subscription and penetration across various end use verticals in the region.
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Some of the leading manufacturers and suppliers include
Corrosion Testing Services market is fairly fragmented as number of service providers and independent laboratories are offering different corrosion testing services according to international standards for various manufacturers of component/material manufacturers of industries.
Various service providers are offering customized services according to particular industry standards. Also, a number of regional services providers and independent laboratories have started corrosion testing services in respective regions owing to high demand from end-use industries.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis and Forecast
6.1. Substrate Type
6.2. End-Use Industries
7. Global Market Analysis and Forecast, By Substrate Type
7.1. Metallic
7.2. Non-Metallic
8. Global Market Analysis and Forecast, By End-Use Industries
8.1. Energy and Chemicals
8.2. Oil & Gas
8.3. Transportation
8.4. Electrical and Electronics
8.5. Medical
8.6. Chemical & Materials
8.7. Other
9. Global Market Analysis and Forecast, By Region
9.1. North America
9.2. Latin America
9.3. Europe
9.4. South Asia & Pacific
9.5. East Asia
9.6. Middle East & Africa
10. North America Sales Analysis and Forecast, by Key Segments and Countries
11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
12. Europe Sales Analysis and Forecast, by Key Segments and Countries
13. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
14. East Asia Sales Analysis and Forecast, by Key Segments and Countries
15. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries
16. Sales Forecast by Substrate Type and End-Use Industries for 30 Countries
17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
18. Company Profile
18.1. IMR Test Labs
18.2. SGS SA
18.3. Sigmatest
18.4. Element Materials Technology
18.5. Stolk Labs
18.6. CorrTech
18.7. Paragon Laboratories, Inc.
18.8. A.J. Rose Manufacturing Co
18.9. Intertek Group plc
18.10. Applied Technical Services
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Corrosion Testing Services Market
