The global composite testing market is growing, due to the increase in the usage of composite in industries, like aerospace and defense, transportation, and wind energy, along with strict standards, imposed on to govern the testing for composites. Owing to their superior performing capacity and strength, composites are used in vehicles and interior & exterior of aircraft. Composites are required to adhere to the proprietary testing standards of manufacturers and other strict composite testing standards, in order to maintain durability and ensure safety.
The global composite testing market has been segmented on the basis of testing method, product type, application, and region.
Based on testing method, the market has been segmented into destructive and non-destructive testing methods. The market for destructive composite testing method is growing, due to the increasing dispersion of composites in the wind energy and sporting goods applications.
On the basis of product type, the global market has been divided into continuous fiber composites, discontinuous fiber composites, polymer matrix composites, and ceramic matrix composites. The continuous fiber composites market segment is growing, due to the rise in demand from airline companies and automotive manufacturers, operating across the globe. Additionally, the growing demand for continuous fiber composites, from advanced aircraft, light-weight automotive, and fighter planes, is supporting the growth of the global composite testing market.
The global composite testing market, on the basis of application, has been segmented into building & construction, transportation, wind energy, sporting goods, aerospace and defense, and electrical & electronics. The aerospace and defense application segment led the global composite testing market, which can be attributed to the growing demand for composites testing services in advanced commercial aircraft. These aircraft have extensive application of composites in their structures, which require these composites to undergo various testing methods, in order to ensure safety and performance efficiency.
AREAS WITH SCOPE FOR THE GLOBAL COMPOSITE TESTING MARKET
Europe accounts for the largest share in the global composite testing market. This factor can be attributed to the high demand for composites from the European commercial aircraft and transportation industry, along with the presence of major composite testing service providers and stringent regulatory norms, imposed by the European Committee for Standardization (CEN), to ensure and maintain the quality of composites.
Source: Mordor Intelligence Analysis
NOTABLE DEVELOPMENTS IN THE MARKET
Why Purchase the Global Composite Testing Market Report?
1.1 Scope of the Study
1.2 Research Methodology
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products & Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Large Investments for Composites Testing Facilities in Asia-Pacific
4.1.2 Increasing Demand for Composite Testing From Automotive and Aerospace & Defense
4.1.3 Growing Demand for Testing of Hydraulic Frames in Aerospace & Defense Application
4.2.1 Lack of Trained Operators and Expertise in Developing Regions
4.2.2 Issues Related to Recyclability of Composites
4.3.1 Automated Methods for Composites Testing
4.3.2 Increasing Demand in various end user industry
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Product Type
5.1.1 Ceramic Matrix Composites
5.1.2 Continuous Fiber Composites
5.1.3 Discontinuous Fiber Composites
5.1.4 Polymer Matrix Composites
5.1.5 Other Composites
5.2 By Testing Method
5.3 By Application
5.3.1 Aerospace and Defense
5.3.3 Building & Construction
5.3.4 Electricals & Electronics
5.3.5 Others (Sporting Goods, Wind Energy, etc. )
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 ASEAN Countries
6.1.5 Australia & New Zealand
6.1.6 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.3 United Kingdom
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.4 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.1 Composites Testing Laboratory
8.2 Element Materials Technology
8.3 ETIM Composites Testing Laboratory
8.4 Exova Group PLC.
8.5 Henkel AG & Co. KGaA
8.6 Instron Corporation
8.7 Intertek Group PLC.
8.8 Matrix Composites, Inc.
8.9 Mistras Group, Inc.
8.10 Westmoreland Mechanical Testing & Research Inc.
*(List Not Exhaustive)
**Subject to availability on public domain