Testing, Inspection and Certification (TIC) Market by Application

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MarketsandMarkets Presents
Testing, Inspection and Certification (TIC)
Market worth 55.60 Billion by 2020

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sting-inspection-certification-market-5352498.html
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According to a new market research report
"Testing, Inspection and Certification (TIC)
Market by Application Petroleum, Environmental
Compliance, Consumer Products, Agriculture,
Mining, and Geography - Forecast to 2020", the
testing, inspection and certification (TIC)
market is expected to reach 55.60 Billion by
2020, growing at a CAGR of 5.00 between 2015 and
2020. http//www.marketsandmarkets.com/Market-Rep
orts/testing-inspection-certification-market-53524
98.html Browse 82 Market Data Tables 57
Figures 163 pagesEarly buyers will receive 10
customization on this report.
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Testing, inspection, and certification is a
service industry wherein, people, flexibility,
workflow, and IT systems play a major role due to
which, this industry is not capital intensive.
Manufacturers of product get benefited by these
services to position themselves in the
international market. Additionally, these
services help assure consumers about the quality
and safety of products. Sectors like
agriculture, and environmental are implementing
new regulations and standards that have led to
various growth opportunities for the TIC market
in the said sectors. However, growth of TIC
market may be hampering by the regional
regulation and standards. Consumers are becoming
more aware of health and safety related issues of
consumer products which is a major winning
imperative for the testing, inspection, and
certification (TIC) market. The report provides
a detailed segmentation of the said market on the
basis of application and geography. The TIC
market has been segmented based on application
into petroleum, environmental compliance,
consumer products, agriculture, and mining. The
market for TIC services in the petroleum sector
has been further segmented into refined petroleum
products, biofuels, feedstocks, petroleum cargo,
and others.
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sting-inspection-certification-market-5352498.html
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Environmental compliance has been further divided
into soil, water, air, and occupational hygiene.
Consumer products has been segmented into
accessories, appliances, textiles, apparel, and
footwear, food beverage, personal care and
beauty, toys and juvenile products, and others.
Agriculture has been further divided into seed
and crop, commodities, food safety and quality,
and others. Mining has been further segmented
into geo-analytics, mineral processing,
mineralogy, mine site laboratory, and others.
This report provides qualitative and quantitative
insights pertaining to the various applications
in the TIC market. 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, the report also includes the Porters
Five Forces analysis, supply chain analysis, and
market dynamics of the TIC market. The market
dynamics include the drivers, restraints,
opportunities, and challenges for the said
market. The testing, inspection, and
certification market has been segmented based on
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
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sting-inspection-certification-market-5352498.html
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