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Composites Testing Market - Expounds a series of dynamics 2025 | Exova Group, Mistras Group Inc.

11-13-2018 07:53 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

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Composites Testing Market - Expounds a series of dynamics 2025 |

Global Composites Testing Market: Snapshot

Composite testing is most commonly defined as the testing or analysis of composite materials. Composite and non-metallic materials, such as concrete, fiber-reinforced polymers, thermoplastic composites, shape memory polymer composites, high strain composites, metal matrix composites, ceramic matrix composites, sandwich-structured composite, and wood plastic composite, are becoming increasingly prevalent in various manufacturing applications. Since these materials are highly complex in structure, the need for their accurate and comprehensive testing is growing continuously leading to the demand for expert composites testing services across the world. These services are vital in developing advanced composite technology, helping companies operating in the highly dynamic manufacturing industry to gain a competitive edge over their rivals.

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A wide array of challenges in regards to quality, safety, regulatory, process control, and performance in the operations are encountered by base chemical providers, fiber manufacturers, additive suppliers, and end users across the product life cycle and the overall supply chain of composite materials. This testing technique plays a crucial role in overcoming these challenges and providing the business a substantial commercial boost. Original equipment manufacturers (OEMs) as well as material manufacturers, especially, need the analysis and testing of composite materials to meet the stringent quality standards to use these materials in the aerospace, medical, and healthcare, automotive, and various other industries.

Global Composites Testing Market: Overview

The penetration of composites continues to grow in aerospace and defense, wind energy, and transportation applications. The need for precise, comprehensive testing of these materials along with stringent testing standards for these materials is primarily driving the global composites testing market.

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The global composites testing market can be segmented on the basis of product type, testing method, application, and region. In terms of testing method, the market can be further divided into destructive and non-destructive testing methods. Of the two, the destructive composites testing segment is expected to display a faster growth rate due to the high demand for composites in sporting goods and wind energy applications. However, the non-destructive segment currently holds the larger share due to their demand from high-end applications such as defense, aerospace, and transportation.

In terms of product type, the global composites testing market can be segmented into continuous fiber composites, polymer matrix composites, discontinuous fiber composites, ceramic matrix composites, and others. Amongst these, continuous fiber composites led the market due to their high demand from automotive manufacturers and commercial airline companies worldwide.

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The publication on the global composites testing market is a conclusive guideline for existing as well as new entrants for strategic moves in this marketplace.

Global Composites Testing Market: Drivers and Restraints

The high penetration of composite materials in myriad applications such as transportation, building and construction, electrical and electronics, aerospace and defense, wind energy, sporting goods, and others is driving the composites testing market. Different types of composites that are used for these applications need to adhere to stringent standards for composites testing along with manufacturers’ proprietary testing standards in the supply chain of composites manufacturing.

Amongst the several applications of composites, aerospace and defense led the composites testing market due to the stringent regulations for composite testing for advanced defense and commercial aircraft. In particular, advanced commercial aircraft employ a significant percentage of composite materials in their airframe structures. Thus, composites utilized in airframe structures need to pass different testing stages for safety and performance considerations.

Furthermore, large investments for the development of state-of-the-art composites testing facilities in Asia Pacific is fuelling the growth of this market.

The global market for composites testing is in a growth mode. However, the growth of this market is challenged due to certain factors. Issues pertaining to the recyclability of composites and lack of trained personnel for composites testing are restraining this market’s growth.

Global Composites Testing Market: Regional Outlook

The global market for composites testing can be divided into the regional segments of North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa.

Europe stands as a significant market for composites testing in the global market. The presence of established players, replacement of old aircraft, low interest rates for purchase of advanced aircraft, clearance of outstanding purchase orders from Airbus, and very high demand for commercial aircraft are some of the prominent factors for the dominant position of the region in the global market. In addition, government mandates such as the ones laid out by the European Union Automotive Fuel Economy emphasize the use of lightweight materials in transportation for increasing fuel efficiency, which is further driving the growth of tthis regional market.

Major Companies Mentioned in Report

Some of the companies vying for a larger share in the global composites testing market are Exova Group, Mistras Group Inc., Westmoreland Mechanical Testing & Research Inc., Instron, Henkel AG & Co. KGaA, Intertek Group, Element Materials Technology, Matrix Composites, ETIM Composites Testing Laboratory.

About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

Our savvy custom-built reports span a gamut of industries such as pharmaceuticals, chemicals and metals, food and beverages, and technology and media, among others. With actionable insights uncovered through in-depth research of the market, we try to bring about game-changing success for our clients.

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