A new report by XploreMR studies the growth drivers, trends, restraints, and highlights of the global chemical testing services market. Presenting exclusive insights into the market from 2017 to 2025, the report projects that the market will witness notable growth during the forecast. Chemical testing is a service and analysis that helps organizations to develop, implement testing strategies, and in regulating a product's defiance status of the material. These services essentially help in determining which elements need to be redesigned or replaced, and in predicting the performance of novel materials and components on the field. The growth of the market is predominantly driven by high demand for chemical safety and quality control, growing demand for the outsourcing of chemical testing services, and an increase in the number of manufacturers and TIC providers. Furthermore, collaborations between market players and private certificate agencies to strengthen food security approach is also expected to fuel the market growth.
Stringent Government Regulations Propel Demand for Chemical Testing Services
Several end-use industries have identified chemical testing service as a vital step to detect the composition and quality of chemicals used in the industrial processes. The need for chemical and safety and control in various end uses is expected to majorly drive the growth of the market. Furthermore, quality audits conducted by governments are becoming increasingly stringent, asserting industry players to maintain high quality in terms of operations. As the need for complying with government-mandated requirements increases, the need to keep a strict check on special materials, production techniques, and packaging requirements is higher than ever. In addition, safety certificates are becoming obligatory in the international food market, with rigorous chemical testing service regulations being implemented in Eastern Europe to provide quality consumer goods. On the back of increasing preference towards safe products among consumer good manufacturers and end-users alike, players in the chemical testing services market are continually innovating new methods of testing. For instance, testing services using chemical trace analysis and nanotechnologies has been implemented in the food industry, owing to their precise testing methodology. Such innovations will continue to drive the chemical testing services market on a positive growth trajectory.
Europe Maintains Hegemony Over Regional Landscape
Europe is forecasted to remain at the forefront of the regional landscape, owing to high demand for chemical regulatory compliance testing, contamination detection and analysis, and material testing and analysis among the food and beverage, petrochemical, and manufacturing industries. Along similar lines, North America and the Asia Pacific are expected to exhibit a healthy growth rate, as the importance of chemical inspection, auditing, and certifications in these regions continues to increase year-on-year.