Textile Testing, Inspection and Certification (TIC) Market by Application (Textile Testing, Textile Inspection) worth $7

1. MarketsandMarkets Presents Textile Testing, Inspection and Certification (TIC) Market by Application (Textile Testing, Textile Inspection worth $7,221.01 Million by 2020 http://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html

2. According to a new market research report "Textile Testing, Inspection and Certification (TIC) Market by Application (Textile Testing, Textile Inspection, Textile Certification, & Toys), and Geography - Global Forecast to 2020", published by marketsandmarkets, the testing, inspection, and certification (TIC) market is expected to reach $7,221.01 million by 2020, growing at a CAGR of 4.6% between 2015 and 2020.. Browse 58 market data tables and 50 figures spread through 130 pages and in-depth TOC on “Textile Testing, Inspection and Certification (TIC) Market - Global Forecast to 2020" http://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html

3. Testing, inspection, and certification (TIC) services helps manufacturers ensure that their products conform to technical safety and quality related standards and regulations, which in turn increases the marketability of their products and reduces the pre-production cost of textiles. Examination of traded goods purchased from buyers by end-users and checking whether they comply with the buyer’s specification and expectations comes under inspection services. Certification of textile services provides confirmation of test or inspection done against governments and international standardization institutions’ set of pre-defined standards. Certification of textile helps manufacturers trade globally, as it assures buyers that a product complies with the technical safety, performance, and quality related regulatory standards. The Testing, Inspection, and Certification (TIC) Textile Market is growing due to factors such as the reduction in the cost burden incurred by textile manufacturers because of outsourcing of TIC services, increase in the world wide trading of textiles, technological innovations in the textile sector, and others. However, textile products take a longer time to get approved in the overseas market, which could hamper the growth of the TIC textile market. http://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html

4. The report provides a detailed insight into the TIC market which has been segmented on the basis of textile application and geography. The said market has been segmented based on textile applications as textile testing, textile inspection, textile certification, and toys. The market for textile testing has been further segmented into chemical testing (harmful substances), color fastness test parameters, physical test parameters, and others. The textile testing segment held the highest share in the overall TIC market segmented based on textile application, in 2014, due to the implementation of stringent regulations laid down by the Consumer Product Safety Improvement Act, which aims to ensure the quality and safety of textile products. One of the objectives of the report was to analyze the market trends for various segments of The Testing, Inspection, and Certification (TIC) Market along with, forecasting their respective growth rates. Moreover, Porter’s five forces analysis, supply chain analysis, and market dynamics of the TIC market are also included in this report. The market dynamics comprise the drivers, restraints, opportunities, and challenges for the said market. The testing, inspection, and certification market has been segmented based on http://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html

5. geography into four regions which include North America, Europe, APAC, and Rest of the World (RoW). The report also estimates the market-size of the said regions. This report profiles the major players which are active in the TIC market. The key players profiled in the report are SGS Group (Switzerland), Bureau Veritas SA (France), Intertek Group Plc (U.K.), TUV SUD Group (Germany), TÜV Rheinland Group (Germany), AsiaInspection Ltd (Hong Kong), British Standards Institution (BSI) Group (U.K.), Centre Testing International (CTI) (China), Hohenstein Institute (Germany), SAI Global Ltd (Australia), TESTEX AG (Switzerland), and Eurofins Scientific (Luxembourg). http://www.marketsandmarkets.com/Market-Reports/textile-testing-inspection-certification-market-113497801.html

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