Construction TIC Market Size

Construction TIC Market Analysis

The global Construction Testing, Inspection, and Certification (TIC) Market is expected to register a CAGR of over 6%, during the forecast period (2022 - 2027). Primarily due to the development of human society, the requirements for building materials are becoming higher. The development of polymer materials and their application in the field of architecture has greatly enhanced and broadened the functions of building materials. With the development of material science and technology, many functional materials have been developed.

• Public/government authorities need to deliver infrastructure, real estate, retail, hotels, and hospitals that operate with safety and reliability as a core over the long term of its existence. safety and compliance are key to any major construction project. Considering the variable legislative requirements introduced by institutions, project-specific framework demands, and a host of other regulations to meet, commercial property development is a compliance minefield.
• TIC services in the marketplace cover a wide range of operations from planning to handover in greenfield projects, including testing, inspection and certification, and project management. Managing assets during the operational phase (facility management) with respect to structural stability, sustainability of MEP installation, including HVAC, fire system, and vertical transportation (lift), have also become a concern for the industry
• In the construction sector, non-destructive testing (NDT) services ensure that all materials and joining processes utilized during the various phases are of the highest quality. The applications of NDT services within the construction industry are considerably vast, ranging from building diagnoses to testing concrete structures.
• Various TIC services that cater to the construction industry include QA/QC site inspections, building materials testing, project management, and construction supervision, assistance with green building certifications like LEED, design reviews, permitting solutions, energy performance assessments, and lifecycle analysis.
• Some prominent construction certification programs offered by companies include ISO 55001 Asset Management, ISO 9001, and ISO 14001, to meet quality and environmental management regulations, and ISO 45001, which assesses occupational safety and health management systems to prevent workplace-related accidents and illness. SOCOTEC is the UK's largest independent construction materials testing laboratory that operates according to UKAS accredited procedures and test methods, whose sampling and testing methods are based entirely on the current British and European Standards.
• The construction sector is witnessing multiple partnership activities. For instance, in April 2021, FDH Infrastructure Services LLC collaborated with Marshall University on a multi-year agreement with the United States Army Corps of Engineers, Engineer Research and Development Center. The contract scope centers on non-destructive testing and structural health monitoring (SHM) technologies to characterize the lifecycle of embedded gate anchorages in big dams along navigable rivers.
• Due to Covid-19, construction sector activities were severely affected in some countries (such as India, China, Italy, Spain, and France, among others). Then, the construction industries were gradually allowed to take up production again. However, several difficulties arose due to the confinement measures and travel bans, such as labor shortages, supply chain disruptions leading to scarcity of construction material, and additional costs due to intensified health and security measures.