02-Mar-2020 | Facts and Factors
Findings from Facts and Factors report “Testing, Inspection, And Certification (TIC) For Metals and Mining Market By Type (Precious Metals Assay, Exploration Geochemistry, Environmental Analysis, and Others), and By Application (Miners, Smelters, Financial Institutions, Government Bodies, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Testing, Inspection, And Certification (TIC) For Metals and Mining market in 2019 was approximately USD 22,500.00 Million. The market is expected to grow at a CAGR of around 6.0% and is anticipated to reach around USD 35,000.00 Million by 2026.
The testing, inspection, and certification (TIC) segment contains conventionality valuation groups who deliver services ranging from inspecting and audit to testing, certification, quality assurance, and verification. The main purpose of testing, inspection, and certification (TIC) organization is to assure the maintenance of safety, healthiness and quality necessities of their customer’s products. Testing, inspection, and certification (TIC) organization are involved in testing, verification, inspection and certification services in which the key purpose is to help improve the proficiency and also enable local manufacturers to fulfill with the global principles.
Browse the full “Testing, Inspection, And Certification (TIC) For Metals and Mining Market By Type (Precious Metals Assay, Exploration Geochemistry, Environmental Analysis, and Others), and By Application (Miners, Smelters, Financial Institutions, Government Bodies, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/testing-inspection-and-certification-tic-for-metals-and-554
Increasing consciousness among global customers concerning the qualitative assurance offered by international safety and quality values is key to the increasing importance of TIC services through several numbers of industries. The increasing investments in metal and mining industries across the world are one of the most key factors fueling the growth of global testing, inspection, and certification (TIC) for metals and mining markets. The global testing, inspection, and certification (TIC) for metals and mining markets are expected to grow owing to the in-demand by growing customer awareness and widespread focus on research and development by key manufacturers. Rising metal and mining industries are anticipated to witness significant growth in global TIC for metals and mining market within the forecast period. The stringent government regulations and policies and also the necessity of internationally accepted principles for TIC For metals and mining may hamper the market’s growth. Research and development, innovations activities in the technology of the testing, inspection, and certification (TIC) for metals and mining and increased government investment in metal and mining industries development are anticipated to open new avenues for the testing, inspection, and certification (TIC) for metals and mining market in the near future.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 22,500 Million |
Projected Market Size in 2026 |
USD 35,000 Million |
CAGR Growth Rate |
CAGR 6.0% |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Testing, Inspection, And Certification (TIC) For Metals and Mining market, but not restricted to include Alex Stewart International, ALS Limited, SGS, EQS, Cotecna, Bureau Veritas, AHK Group, Houlihan Lokey, and Exova Group, among others. |
Key Segment |
By Type, Application,and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
Purchase Options |
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On the basis of type, the global TIC for metals and mining market are segmented as exploration geochemistry, precious metals assay, environmental analysis, and others. Among which system precious metals assay segment was accounted for the major revenue share in the global (TIC) for metals and mining market in 2019. Precious metals assay delivers maximum value to customers. The assay contains ultra-trace level testing for minor and trace elements and high purity testing of materials in metal alloys and dopants. The innovation in the assay of precious metals in recent years is expected to positively impact segment growth. The precious metals assay segment is anticipated to account for more than 30% of the global TIC for metals and mining industries within the forecast period.
On the basis of application, the global testing, inspection, and certification (TIC) For metals and mining market are categorized into miners, smelters, financial institutions, government bodies, and others. Among the aforementioned segment, the miners' segment was accounted for the around 30.0% revenue share in 2019. The mining industry includes quarrying, mining, and oil and gas extraction. The companies in this sector extract naturally occurring mineral solids; liquid minerals; and gases, In order to extract this material, the mining companies need to keep a special focus on the testing and inspection of instrumentation and certification for the safe mining conditions. The growth in the mining industry in the past few years has increased the demand for TIC in the mining industry.
On the basis of region the testing, inspection, and certification (TIC) for metals and mining market are segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the European region dominates the testing, inspection, and certification (TIC) for metals and mining market among all the regions followed by North America in terms of value.
Some of the key players operating in the market include ALS Limited, Alex Stewart International, EQS, SGS, Bureau Veritas, Cotecna, HoulihanLokey, AHK Group, and Exova Group, among others.
This report segments the global Testing, Inspection, And Certification (TIC) For Metals and Mining market as follows:
GlobalTesting, Inspection, And Certification (TIC) For Metals and Mining Market: Type Analysis
- Precious Metals Assay
- Exploration Geochemistry
- Environmental Analysis
- Others
Global Testing, Inspection, And Certification (TIC) For Metals and Mining Market: Application Analysis
- Miners
- Smelters
- Financial Institutions
- Government Bodies
- Others
Global Testing, Inspection, And Certification (TIC) For Metals and Mining Market: Regional Analysis
- North America
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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