The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Composites Testing Market.

It was estimated prior to this unanticipated outbreak that the Composites Testing Market will reach US$ 1,819.9 million in 2022. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.

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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.   

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.

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.

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Transportation is 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.

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.     

Key Players:

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 the key players in the global composites testing market. 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.

Features of the Report

This report offers high-quality insights and is 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.

The Composites Testing Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• 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 

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