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    Composites Testing Market Report

    Composites Testing Market Report
    Report code - SRAM133 Published On : Apr,2017 No. of Pages: 247
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    Composites Testing Market Trend, Forecast, Competitive Analysis, and Growth Opportuni See more...

    Impact of COVID-19 on Composites Testing Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Composites Testing Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Composites Testing Market Insights

    The global composites testing market is projected to reach US$ 1,819.9 million in 2022. Increasing production of composites rich commercial and regional aircraft, development of new composite applications in different industries, an advancement in materials, increasing investment in research & development, increasing demand for lightweight materials, and rising quality and safety standards are major growth drivers of the testing market in the composites industry.

    Segment Analysis

    Composites Testing Market by Testing Type

    The global composites testing market is segmented based on the testing type as Destructive and Non-Destructive. Destructive testing type is further segmented into impact testing, fatigue testing, compression testing, flexural testing, tensile testing, and others. Similarly, non-destructive testing is further segmented into visual testing, ultrasonic testing, thermography, radiography, shearography, tap testing and others. Non-destructive is expected to remain the most dominant testing type over the next five years, driven by a higher preference in a wide array of applications in the aerospace & defense, transportation, and wind energy industries.  

    Composites Testing Market by Product Type

    Based on the product type, the global composites testing market is segmented into Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs). PMCs consist of both thermoset and thermoplastic composites and currently occupy the largest share of the global composites testing market. The segment is expected to remain largest over the next five years as well.

    Composites Testing Market by End-Use Industry Type               

    The global composites testing market is also segmented based on the end-use industry type as Aerospace & Defense, Transportation, Building & Construction, Wind Energy, Marine, and Others. Aerospace & Defense dominates the market and is expected to remain the largest segment over the next five years. Increasing production rates of key commercial and regional aircraft, such as B737, B787, A350XWB, A320, and Bombardier C Series, development of new aircraft or variant of existing programs, such as B737max, A320neo, B777x, and A330 neo, introduction of more stringent regulations, and increasing penetration of composites are the major drivers of the market.

    Transportation is projected to witness the highest growth during the same period, driven by an increasing penetration of advanced composites in the structural parts of the automobile, especially in electric and premium vehicles, to address the stringent government regulations, such as CAFÉ Standards.

    Regional Insights

    North America holds the largest market share in the composites testing market, mainly driven by the USA. The country is the manufacturing capital of the aerospace & defense industry with the presence of several large- to small-sized OEMs, tier players, and testing service providers. There is also a healthy demand for testing from other industries, such as wind energy, transportation, building & construction, and marine in the country.

    Asia-Pacific is projected to witness the highest growth during the same period, driven by China and India. Development of indigenous commercial, regional, and military aircraft, such as COMAC C919, ARJ21, and Mitsubishi MRJ, commencement of assembly plants of major commercial aircraft, such as A320 in the China, the highest wind turbine installation, and increasing penetration of composites in the transportation industry are some of the major growth drivers of the region. 

     

    Market Scope & Segmentation

    Research Scope

    Trend & Forecast Period

    2011-2022

    Regions Covered            

    North America, Europe, Asia-Pacific, Rest of the World

    Size in 2022

    US$ 1,819.9 million

    Countries/Subregions Covered

    The USA, Canada, Mexico, Germany, France, the UK, Russia, China, Japan, India, Latin America, the Middle East and others

    Figures & Tables

    >150

    Customization

    Up to 10% customization available free of cost

     

    The global composites testing market is segmented into the following categories.

    Global Composites Testing Market by Testing Type:

    • Destructive Testing
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Testing Type Analysis (Impact Testing, Fatigue Testing, Compression Testing, Flexure Testing, Tensile Testing, and Others)
    • Non-Destructive Testing
      • Regional Analysis (North America, Europe, Asia-Pacific, and RoW)
      • Testing Type Analysis (Visual Testing, Tap Testing, Ultrasonic Testing, Thermography, Radiography, Shearography, and Others)

    Global Composites Testing Market by Product Type:

    • Polymer Matrix Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Ceramic Matrix Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal Matrix Composites (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global Composites Testing Market by End-Use Industry Type:

    • Aerospace & Defense (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Wind Energy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Marine (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Global Composites Testing Market by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the world (Country Analysis: the Middle East, Latin America, and Others)

       

    Key Players

    Some of the key players in the global composites testing market are-

    • Intertek Group plc
    • Exova Group plc
    • Element Materials Technology
    • ETIM Composites Testing Laboratory
    • SGS Sercovam
    • Henkel AG & CO. KGaA
    • Mistras Group Inc.
    • Westmoreland Mechanical Testing & Research Inc.

    Advancement in the equipment, regional expansion, and collaboration with customers are some of the key strategies adopted by companies to gain a competitive edge over other competitors.

    Report Features

    This report, from Stratview Research, studies the global composites testing market over the trend period of 2011 to 2016 and the forecast period of 2017 to 2022. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities in the market.

    The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis.
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
    • Market trend and forecast analysis.
    • Market segment trend and forecast.
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

     

    Research Methodology

    For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Regional Segmentation

    • Current market size (2019) of below-grade waterproofing in any of the North American country by material type

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across the sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions

    The composite testing market is expected to witness an impressive CAGR to reach an estimated value of US$ 1,819.9 million in the foreseeable future.

    Intertek Group plc, Exova Group plc, Element Materials Technology, ETIM Composites Testing Laboratory, SGS Sercovam, Henkel AG & CO. KGaA, Mistras Group Inc., and Westmoreland Mechanical Testing & Research Inc are among the key players in the composite testing market.

    Asia-pacific is expected to witness the highest growth in the composite testing market during the forecast period.

    Aerospace & defence is expected to be the largest segment in the composite testing market in the coming five years.

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