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Global Composite Testing Market - Size, Share and Forecast (2020 - 2025)

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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

  • In August 2017, researchers at North Carolina A&T University developed a composite building material, using plastic and coal ash from ponds and landfills.
  • In July 2017, Henkel, a German composite component manufacturer, opened a new test center in Yokohama, Japan. The center focuses on the design and production of new composite components for real-world applications.

Why Purchase the Global Composite Testing Market Report?

  • Reasons behind the automotive market getting affected by the global composite testing market
  • Product type that is expected to witness the fastest growth rate
  • Analyzing various market perspectives, with the help of Porter’s five forces analysis
  • Type of composites testing expected to dominate the market
  • Identify the latest developments, market shares, and strategies employed by the major market players, such as:
    • Mistras Group Inc.
    • Exova Group plc
    • Intertek Group plc
    • Element Materials Technology
    • Henkel AG & Co. KGaA
    • Matrix Composite Inc.

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