The mechanical testing of composite materials to determine and assess numerous materials parameters such as strength and stiffness of the composite materials component is known as composites testing. Several organizations have standardised composite testing. Creep testing, cryostests, tensile testing and bending testing are some of the most frequently adopted testing methods. Composites testing is applicable in many industries such as automobile, building & construction, aerospace & defense, electronics & electrical, and others. Composites are used in transportation vehicles as well as the interior and external structures of aeroplanes because of its better performance and great strength. Composites must adhere to the procedures unique testing requirements as well as the tough composites testing market standards to preserve durability and assure safety.
COVID-19 Impact analysis
- The composites testing market was negatively affected due to the COVID-19 outbreak.
- The production and demand for composites testing decreased causing the disruption in supply chain and affecting the composites testing market.
- Many industries such as automobile, building & construction, aerospace & defense, electronics & electrical, and others were shut down during the COVID-19 pandemic, which decreased the growth of the composites testing market.
Top Impacting Factors
Industrialization has increased the demand for composites materials in many industries for many applications. There is an increase in the demand for composites testing services in modern commercial aircraft. These are the aircrafts with wide usage of composites in various aircraft structures for various testing methods and to ensure safety and performance efficiency. This is projected to drive the growth of the composites testing market. The composites testing sector is expected to grow at a healthy rate as composite materials find their way into the design of crucial components used in sports equipment, ships, sports automobiles and in other high-performance applications; hence, composites testing is developing as a profitable and also rapidly growing business opportunity. The composite material cannot be recycled and this is projected to limit the growth of the composites testing market.
Market Trends
- Presence of established players, rapid growth in the number of commercial aircraft deliveries, occurrence of low interest rates, and replacement of old aircraft contribute toward the growth of the European composite testing market.
- The key market players are adopting many strategies such as R&D activities, acquisition, mergers, contract, agreement and partnership to expand their business.
- In August 2017, North Carolina A&T University researchers created a composite building material from plastic and coal ash from ponds and landfills.
- In July 2017, Henkel opened a cutting-edge composite testing facility in Japan. The composite lab in Isogo-Ku, Yokohama, allows automotive customers from all around Asia to work with Henkel experts to develop and test composite products, as well as find the best manufacturing conditions for bringing their ideas to market.
Key Benefits of the Report
- This study presents the analytical depiction of the composites testing industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the composites testing market share.
- The current market is quantitatively analysed to highlight the composites testing market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed composites testing market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the composites testing market Report
- Who are the leading market players active in composites testing market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the driving factors and opportunities in the market?
Composites Testing Market Report Highlights
| Aspects | Details |
 By Product Type |
|
 By Testing Method |
|
 By Application |
|
 By Region |
|
 Key Market Players | Mistras Group Inc.,, ETIM Composites Testing Market Laboratory,, Element Materials Technology,, Exova Group,, Henkel AG & CO. KGaA, Matrix Composites,, Westmoreland Mechanical Testing & Research Inc.,, Intertek Group,, Instron, |
Loading Table Of Content...
