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Composites Testing Market Growth Opportunities by Regions, Type and Application; Trends Forecast to 2024
A Research Report on Global Composites Testing Market
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.
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The global composites testing market has been segmented by testing method, product type, application and region.
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.
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.
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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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