Global TIC Market for Chemical Industry � Analysis and Forecast (2021-2027)

Industryno107 Oct, 2021Business

The testing, inspection, and certification market face certain challenges like trade wars and growth fluctuations, huge investment for automation and installation of industrial safety systems, high cost of TIC owing to diverse standards and regulations globally. Moreover, high R&D costs, complex processes, use of hazardous reagents, purification issues, the huge volume of waste, and pollution are the challenges faced by the chemical industry. Thus, a lack of testing facilities and skilled personnel may hamper the growth of the TIC market.