Textile Testing, Inspection and Certification (TIC) Market Size, Share, Trends, Forecast

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MarketsandMarkets Presents

Textile Testing, Inspection and Certification
(TIC) Market Size, Share, Trends,
Forecast Textile Testing, Inspection and
Certification (TIC) Market by Application
(Textile Testing, Textile Inspection, Textile
Certification, Toys), and Geography - Global
Forecast to 2020 https//www.marketsandmarkets.co
m/Market-Reports/textile-testing-inspection-certif
ication-market-113497801.html
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The global textile testing, inspection and
certification market (TIC) is expected to reach
USD 7,221.01 Million by 2020, at an estimated
CAGR of 4.6 between 2015 and 2020. The textile
TIC market is expected to be driven by
introduction of new regulations and standards in
the textile sector, technological innovations in
the textile sector, and increase in the worldwide
trading of textiles. Additionally, the market for
textile certification is expected to grow at the
highest CAGR of 8.1 during the forecast period
due to the increase in trading of
textiles. 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"
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The textile industry is majorly being driven by
the rising production of textiles and increasing
trading of textile products. The production and
trading of textiles requires testing, inspection,
and certification to ensure that they conform to
quality related standards, which also helps them
gain recogservicesnition worldwide. According to
the Apparel Export Promotion Council (AEPC), the
exports from the Chinese textile industry were
estimated to be worth USD 274 Billion in 2013 and
USD 246 Billion in 2012. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id113497801 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).
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Increasing export of textiles from developing
regions and growth of the technical textile
market are some of the factors driving the
textile testing, inspection, and
certification market.  Small to medium sized TIC
companies face challenges in terms of receiving
accreditation as it requires heavy investment.
However, various government organizations are
providing incentives in the form of funds and
relaxation of accreditations for the SMEs in
the textile TIC market, as the latter are
required to make huge investments to get
accredited by accreditation bodies such as
International Organisation for Standardization
(ISO) and American Society for Testing for
Materials (ASTM). Request Free Sample
Pages https//www.marketsandmarkets.com/requestsa
mpleNew.asp?id113497801 The global textile
testing, inspection, and certification market has
been segmented into North America, Europe, APAC,
and RoW. The studied market in North America has
been further segmented into the U.S. Canada, and
Mexico. The European Textile Testing Market has
been segmented into Germany, Switzerland, U.K.,
Turkey, and others. Countries such as China,
Japan, India, Bangladesh, and others are included
in the APAC region.
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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 buyers 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.
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