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Testing, Inspection, And Certification (TIC) For Metals and Mining Market Size, Share Global Analysis Report, 2020–2026
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 Forecast 2020–2026
Industry Insights
According to the report published by Facts & Factors, the global Testing, Inspection, And Certification TIC For Metals and Mining Market size was worth around USD 22,500 million in 2019 and is predicted to grow around USD 35,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global Testing, Inspection, And Certification TIC For Metals and Mining Market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Testing, Inspection, And Certification TIC For Metals and Mining Market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Testing, Inspection, And Certification (TIC) For Metals and Mining industry. The report analyzes and declares the historical and current trends analysis of the Testing, Inspection, And Certification (TIC) For Metals and Mining industry and subsequently recommends the projected trends anticipated to be observed in the Testing, Inspection, And Certification (TIC) For Metals and Mining market during the upcoming years.
The Testing, Inspection, And Certification (TIC) For Metals and Mining market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Testing, Inspection, And Certification (TIC) For Metals and Mining market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the Japan testing, inspection, and certification (TIC) for metals and mining market is set to grow annually at a rate of around 7.0%
- It was established through primary research that the Japan testing, inspection, and certification (TIC) for metals and mining market was valued at more than USD 4,00.00 million in 2019
- The increasing levels of regulation having triggered a transition from a voluntary-based risk management approach to mandatory testing services, an evolving regulatory landscape which will continue to generate new opportunities for firms’ accordance to the need of the consumer.
- The “Precious Metals Assay” category, on the basis of type segmentation, was the leading revenue-generating category accounting for more than 35.0% share, in 2019.
- The “Miners” category, on the basis of application segmentation, was the leading revenue-generating category accounting for more than 40.0% share, in 2019.
Key Recommendations from Analysts
- The growing popularity of TIC in various countries across the globe is increasing the demand for testing, inspection, and certification (TIC) for metals and mining segments. There is a huge demand for TIC in developing regions such as the Asia Pacific, which is driving the metals and mining industry in the regions.
- Europe region is anticipated to a larger share of the testing, inspection, and certification (TIC) for metals and mining markets in the upcoming years.
- Japan's testing, inspection, and certification (TIC) for metals and mining markets are anticipated to rise at the highest rate between 2020 and 2026.
- Growing at a CAGR around 7.2%, Japan Testing, inspection, and certification (TIC) for metals and mining market provides numerous opportunities for all of the involved stakeholders across the entire value chain
- Our analysts have identified “Precious Metals Assay”, and “Miners” categories as the leading investment pockets for Japan Testing, inspection, and certification (TIC) for metals and mining market in terms of type and application segmentations respectively
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Testing, Inspection, And Certification (TIC) For Metals and Mining industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Testing, Inspection, And Certification (TIC) For Metals and Mining industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Testing, Inspection, And Certification (TIC) For Metals and Mining market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Testing, Inspection, And Certification (TIC) For Metals and Mining industry. The Testing, Inspection, And Certification (TIC) For Metals and Mining market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Testing, Inspection, And Certification (TIC) For Metals and Mining sector. Key strategic developments in the Testing, Inspection, And Certification (TIC) For Metals and Mining market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Testing, Inspection, And Certification (TIC) For Metals and Mining market are appropriately highlighted in the report.
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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The global testing, inspection, and certification (TIC) for metals and mining markets are experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for power, chemical, cement, non-ferrous metal processing units and iron and steel industries is likely to act as a key driver of the global Testing, inspection, and certification (TIC) for metals and mining market.
The Testing, Inspection, And Certification (TIC) For Metals and Mining market research report delivers an acute valuation and taxonomy of the Testing, Inspection, And Certification (TIC) For Metals and Mining industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Testing, Inspection, And Certification (TIC) For Metals and Mining industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Testing, Inspection, And Certification (TIC) For Metals and Mining industry is provided for the leading economies of the world.
The Testing, Inspection, And Certification (TIC) For Metals and Mining market are segmented based on Type and Application. On the basis of type segmentation, the market is classified into precious metals assay, exploration geochemistry, environmental analysis, and others. In terms of Application segmentation, the market is bifurcated into miners, smelters, financial institutions, government bodies, and others.
Some of the essential players operating in the 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
The taxonomy of the Testing, Inspection, And Certification (TIC) For Metals and Mining Market by its scope and segmentation is as follows:
By Type Segmentation Analysis (Customizable)
- Precious Metals Assay
- Exploration Geochemistry
- Environmental Analysis
- Others
By Application Segmentation Analysis (Customizable)
- Miners
- Smelters
- Financial Institutions
- Government Bodies
- Others
Regional Segmentation Analysis (Customizable)
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Alex Stewart International
- ALS Limited
- SGS
- EQS
- Cotecna
- Bureau Veritas
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