Market Overview:
The global TIC market for textile application is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for textiles from the apparel industry, footwear industry, and other end-use industries. In terms of type, the chemical testing segment is expected to lead the global TIC market for textile application during the forecast period. This can be attributed to rising concerns among consumers about product safety and quality. In terms of region, Asia Pacific is expected to lead the global TIC market for textile application during the forecast period owing to high demand from countries such as China and India. Some of the key players operating in this market are SGS (Switzerland), Intertek Group plc (UK), Bureau Veritas SA (France), ALS Limited (Australia), and Eurofins Scientific SE (Luxembourg).
Product Definition:
The TIC market for textile application is a type of market where the buyers and sellers of textiles come together to trade. It is an important part of the textile industry as it allows for the exchange of textiles between different parties. This helps to improve the efficiency and competitiveness of the industry as a whole.
Chemical Testing:
Chemical testing is used for the detection of adulterants and contaminants in textiles. It helps to ensure that the quality of textile products is not affected by any extraneous substance or particle. Chemical testing includes analysis for moisture, fiber content, acidity & alkalinity, foreign particles and others.
Performance Testing:
Performance testing is a tool that helps to evaluate the efficiency and effectiveness of any process. It measures various parameters such as Throughput, Speed, Reliability, and Efficiency which are affected by different factors such as raw material quality & quantity used in manufacturing process along with technology employed for processing. The performance testing is done at every stage of product lifecycle i.e.
Application Insights:
The others application segment accounted for the largest revenue share in 2016 and is projected to witness significant growth over the forecast period. Other applications include home textiles, consumer goods, industrial and medical textile. The apparel industry was one of the major consumers of test methods performed by laboratories on fabrics or finished products such as apparels or accessories.
The performance testing segment is expected to grow at a CAGR of XX% from 2017 to 2018 owing to its increasing use in sports clothing manufacturing which includes activewear & sportswear along with training wear & shoes. Testing methods such as abrasion resistance determine if a product can be used for athletic purposes without getting damaged easily.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing foreign investments in countries such as China, India, and Vietnam. In addition, rising disposable income coupled with rapid urbanization has resulted in increased demand for textiles across various application industries.
The textile industry is one of the most affected sectors by COVID-19; however, it is slowly recovering due to growing demand from end-use industries such as apparel and home furnishing. Countries like China have a strong presence in these markets owing to low manufacturing costs along with easy availability of labor & raw materials at cheaper prices thus resulting into higher profits for manufacturers there than other regions globally.
Growth Factors:
- Increasing demand from the automotive and construction industries for textiles in composites and insulation applications is expected to drive the growth of the TIC market for textile applications.
- Rising demand for airbags, seat belts, and other safety equipment in automobiles is also projected to boost the demand for textiles in composites application over the forecast period.
- Growing use of lightweight materials in construction owing to stringent government regulations regarding energy conservation is anticipated to propel the TIC market for textile applications during the forecast period.
- Increasing popularity of eco-friendly materials such as bamboo fiber and hemp fiber is expected to create new opportunities for players operating in this market over the next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
TIC market for Textile Application Market Research Report
By Type
Chemical Testing, Performance Testing, Packaging Testing, Other
By Application
Apparel Industry, Footwear Industry, Others
By Companies
Intertek, SGS, Bureau Veritas, TUV, QIMA, Eurofins Scientific, Hohenstein, STC, Testex
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global TIC market for Textile Application Market Report Segments:
The global TIC market for Textile Application market is segmented on the basis of:
Types
Chemical Testing, Performance Testing, Packaging Testing, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Apparel Industry, Footwear Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Intertek
- SGS
- Bureau Veritas
- TUV
- QIMA
- Eurofins Scientific
- Hohenstein
- STC
- Testex
Highlights of The TIC market for Textile Application Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Chemical Testing
- Performance Testing
- Packaging Testing
- Other
- By Application:
- Apparel Industry
- Footwear Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the TIC market for Textile Application Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
TIC stands for Telecommunications Infrastructure Company. A TIC is a company that provides telecommunications infrastructure, such as networks, servers and switches, to businesses and other organizations.
Some of the major players in the tic market for textile application market are Intertek, SGS, Bureau Veritas, TUV, QIMA, Eurofins Scientific, Hohenstein, STC, Testex.
The tic market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TIC market for Textile Application Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 TIC market for Textile Application Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 TIC market for Textile Application Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the TIC market for Textile Application Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global TIC market for Textile Application Market Size & Forecast, 2018-2028 4.5.1 TIC market for Textile Application Market Size and Y-o-Y Growth 4.5.2 TIC market for Textile Application Market Absolute $ Opportunity
Chapter 5 Global TIC market for Textile Application Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 TIC market for Textile Application Market Size Forecast by Type
5.2.1 Chemical Testing
5.2.2 Performance Testing
5.2.3 Packaging Testing
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global TIC market for Textile Application Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 TIC market for Textile Application Market Size Forecast by Applications
6.2.1 Apparel Industry
6.2.2 Footwear Industry
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TIC market for Textile Application Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 TIC market for Textile Application Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America TIC market for Textile Application Analysis and Forecast
9.1 Introduction
9.2 North America TIC market for Textile Application Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America TIC market for Textile Application Market Size Forecast by Type
9.6.1 Chemical Testing
9.6.2 Performance Testing
9.6.3 Packaging Testing
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America TIC market for Textile Application Market Size Forecast by Applications
9.10.1 Apparel Industry
9.10.2 Footwear Industry
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe TIC market for Textile Application Analysis and Forecast
10.1 Introduction
10.2 Europe TIC market for Textile Application Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe TIC market for Textile Application Market Size Forecast by Type
10.6.1 Chemical Testing
10.6.2 Performance Testing
10.6.3 Packaging Testing
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe TIC market for Textile Application Market Size Forecast by Applications
10.10.1 Apparel Industry
10.10.2 Footwear Industry
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific TIC market for Textile Application Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific TIC market for Textile Application Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific TIC market for Textile Application Market Size Forecast by Type
11.6.1 Chemical Testing
11.6.2 Performance Testing
11.6.3 Packaging Testing
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific TIC market for Textile Application Market Size Forecast by Applications
11.10.1 Apparel Industry
11.10.2 Footwear Industry
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America TIC market for Textile Application Analysis and Forecast
12.1 Introduction
12.2 Latin America TIC market for Textile Application Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America TIC market for Textile Application Market Size Forecast by Type
12.6.1 Chemical Testing
12.6.2 Performance Testing
12.6.3 Packaging Testing
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America TIC market for Textile Application Market Size Forecast by Applications
12.10.1 Apparel Industry
12.10.2 Footwear Industry
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) TIC market for Textile Application Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) TIC market for Textile Application Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) TIC market for Textile Application Market Size Forecast by Type
13.6.1 Chemical Testing
13.6.2 Performance Testing
13.6.3 Packaging Testing
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) TIC market for Textile Application Market Size Forecast by Applications
13.10.1 Apparel Industry
13.10.2 Footwear Industry
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 TIC market for Textile Application Market: Competitive Dashboard
14.2 Global TIC market for Textile Application Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Intertek
14.3.2 SGS
14.3.3 Bureau Veritas
14.3.4 TUV
14.3.5 QIMA
14.3.6 Eurofins Scientific
14.3.7 Hohenstein
14.3.8 STC
14.3.9 Testex