Composite Materials Testing Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
- Transparency Market Research
- October 2035
- 0 pages
Composite material testing is a process widely used in aircraft, automotive and spacecraft industries to determine the performance of composite materials. A composite material is defined as a material made up of two or more constituent materials with significantly different physical or chemical properties, which on combination, produces a material with characteristics different from the individual constituent components. Individual components remain distinct within the finished structure. Composite materials are commonly used in construction structures such as bridges, buildings, and storage tanks. They are also helpful in making structures for swimming pool panels, cultured marble sinks, racing car bodies, etc. However, the ideal and innovative usage of composite materials testing is in aircraft and spacecraft industries. They also offer high stiffness and strength compared to traditional materials. Composite materials are also ideal for attaining complex shapes without using high pressure tools. They provide high durability and are resistant to unfavorable environmental conditions such as exposure to UV rays, moisture, chemical attack, and temperature fluctuations.
Increase in usage of composite materials in aerospace and automotive industries and rise in production of commercial aircraft are the major factors driving the composite materials testing market. Additionally, rise in investments in R&D, increase in safety standards among various industries, and growth in demand for lightweight materials are boosting the composite materials testing market.
Lack of specific standardization in production technologies and issues pertaining to recyclability of used materials are some of the factors hampering the composite materials testing market.
Based on product type, the composite materials testing market can be segmented into ceramic matrix composites, polymer matrix composites (thermoplastics and thermosets), continuous fiber composites, discontinuous fiber composites and others. Continuous fiber composites is a rapidly growing segment of the global composite materials testing market owing to their outstanding performance. Therefore, these composites are used in high-end applications such as aerospace & defense and transportation.
In terms of testing type, the composite materials testing market can be bifurcated into destructive and non-destructive. Destructive can be further classified into impact testing, compression testing, flexure testing, fatigue testing, and others. Non-destructive can be segregated into visual testing, ultrasonic testing, thermography, ultrasonic testing, shearography, radiography, and others. Non-destructive is expected to remain the dominant segment owing to its higher usage in wide range of applications in aerospace & defense, wind energy, and transportation industries.
Based on end-use application, the market can be split into aerospace & defense, building & construction, transportation, marine, wind energy, and others.
In terms of geography, the composite materials testing market can be classified into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Europe is a rapidly growing region of the global composite materials testing market owing to the presence of leading players in automotive and aerospace industries. The market in North America and Asia Pacific follows the market of Europe owing to the installation of manufacturing plants, increase in manufacturing of commercial and military aircraft, rise in wind turbine installations, and growth in demand for composite materials testing in industries such as construction, transportation, and marine in these regions.
Key players operating in the composite materials testing market include Henkel AG & Co. KGaA, Westmoreland Mechanical Testing and Research, Inc., Composites Testing Laboratory Pvt. Ltd, Exova Group Plc, Element Materials Technology, Intertek Group Plc, Matrix Composites Inc., Instron Corporation, and Mistras Group, Inc.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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