[123 Pages Report] Material Testing Market was valued at USD 610.0 Million in 2016 and is projected to reach USD 785.7 Million by 2022, at a CAGR of 4.4% during the forecast period. The high demand for material testing in various industries, such as aerospace & defense, automotive, educational institution, and construction is driving the material testing market.

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Target Audience:

Manufacturers of Heat Transfer Fluids
Chemical Suppliers
Traders, Distributors, and Suppliers of Material testing
Raw Material Suppliers
Government and Research Organizations
Industry Associations
Universal testing machines is the largest and the fastest-growing type segment of the material testing market between 2017 and 2022. The universal testing machine is used to perform tests, such as tensile, compression, peel, bend, and puncture tests. It is used to evaluate material strength properties, which includes shear, cyclic, flexure, bend, peel, uniaxial tensile, tear, compression and material characteristics, such as modulus and elongation.

 Ceramics and composites is the fastest-growing material segment of the material testing market. The increasing demand for ceramics in the medical and electrical & electronics industry and composites in the aerospace and automotive industries are driving the growth of this segment. Growing demand for aircrafts in growing economies due to increasing standard of living and population is driving the market for the aerospace industry, which in turn drives the market for the material testing market.

 Educational Institutions is the fastest-growing end-use industry in the material testing market. This growth can be attributed to the increasing research activities undertaken by the engineering sector. Research activities funded by government and industries to develop high-quality products are the major reasons for the high demand for material testing equipment in educational institutions.

Key players operating in the Material Testing Market are Instron (US), Zwick Roell (Germany), MTS Systems (US), Shimadzu (Japan), and Tinius Olsen (US). These companies undertake dynamic business strategies to sustain their growth in the Material Testing Market.

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Read our blog for more details: https://chemabd007.blogspot.com/2019/03/material-testing-market-likely-to-reach.html   

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