Composites Testing Market

Composites Testing Market Size, Share, Development, Growth and Demand Forecast to 2023

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Report Code: CM10872
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The global composites testing market is witnessing strong growth on account of growing usage of composites in aerospace and defense, transportation and wind energy industries, and strict composites testing standards. Composites find their application in transport vehicles, and the interior and exterior structures of aircraft, on account of their superior performance and high strength. Composites are required to adhere to proprietary testing standards of the manufacturers and the strict composites testing standards to maintain durability and ensure safety.

The global composites testing market has been segmented by testing method, product type, application and region. On the basis of testing method, the market has been segmented into destructive and nondestructive testing methods. The market for destructive composites testing method is increasing on account of growing dispersion of composites in the wind energy and sporting goods applications.

On the basis of product type, the global market has been segmented into continuous fiber composites, discontinuous fiber composites, polymer matrix composites and ceramic matrix composites. Continuous fiber composites market is growing due to increasing demand for these from airline companies and automotive manufacturers across the globe. Additionally, the growing demand for continuous fiber composites from advanced aircraft, light-weight automotive and fighter planes is supporting further growth of the global composites testing market.

Based on application, the global composites testing market has been segmented into building and construction, transportation, wind energy, sporting goods, aerospace and defense and electrical and electronics. The aerospace and defense application led the global composites testing market, owing to high demand for composites testing services from advanced commercial aircrafts. These aircrafts have extensive application of composites in their structure, which requires these composites to undergo various testing methods to ensure their safety and performance.

Geographically, the global composites testing market has been segmented into North America, Asia-Pacific, Europe and Rest of the world. The European global composites testing market is expected to witness the highest growth , during the forecast period, due to prevalence of low interest rates, presence of established players, high growth in the number of commercial aircraft deliveries, clearance in the backlog of purchase orders from Airbus and the replacement of old aircraft. Additionally, various initiatives such as European Union Automotive Fuel Economy policy implemented by UNEP, which highlight the use of light weight materials in transportation to increase fuel efficiency, are further driving the growth of the composites testing market in Europe.

The key players operating in the composites testing market include Exova Group plc, Intertek Group plc, Mistras Group Inc., Element Materials Technology, Westmoreland Mechanical Testing & Research Inc., Matrix Composite Inc., Instron, ETIM Composites Testing Laboratory and Henkel AG & CO. KGaA. The companies have been adopting various organic and inorganic growth strategies to enhance their presence in the global market.

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