Press release
Composite Testing Market is Booming with Market Strategies Adopted by Top Leading Company’s - Element Materials Technology, Henkel AG, Exova Group, Westmoreland Mechanical Testing & Research, Intertek | Foreseen Till 2023
Composite Testing Market
Global Composite Testing Market Overview:
The Global Composite Testing Market research report is the study prepared by analysts, which contain a detailed analysis of drivers, restraints, and opportunities along with their impact on the Composite Testing Market growth (2019 - 2023).
The most important factors driving the growth of the Global Composite Testing Market are high penetration of composites in various high end applications and stringent regulatory norms stressing upon the quality of composites.
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According to the market report analysis, the Composite testing is widely used in aerospace & defense sector to evaluate the performance and structural applications. Major commercial aircraft manufacturers such as Airbus and Boeing have developed aircraft such as Airbus A350 and Boeing 787 that constitute almost 50% of the composites in their airframe structures. Aviation giants such as National Aeronautics and Space Administration (NASA) and SpaceX widely use composite testing due to resistance fatigue & corrosion and high stiffness-to-weight ratio.
The Global Composite Testing Market is segmented based on the Product Type, Testing Method, Application and Region. On the basis of Product Type, the Global Composite Testing Market is segmented into Continuous fiber composites, Discontinuous fiber composites, Polymer matrix composites, Ceramic matrix composites, and others. Based on the Testing Method, the Global Composite Testing Market is classified into Destructive and Non-destructive. On the basis of Application, the Global Composite Testing Market is sub-segmented into Aerospace & defense, Transportation, Wind energy, Building & construction, Sporting goods, Electricals & electronics and others.
The Europe Composites Testing Market is expected to witness the highest growth , during the forecast period, due to prevalence of low interest rates, presence of established players, high growth in the number of commercial aircraft deliveries, clearance in the backlog of purchase orders from Airbus and the replacement of old aircraft. In addition, various initiatives such as European Union Automotive Fuel Economy policy implemented by UNEP, which highlight the use of light weight materials in transportation to increase fuel efficiency, are further driving the growth of the Composites Testing Market in Europe.
Latest Industry Updates:
Henkel AG (April 3, 2019) – Henkel Adhesive Technologies Opens New OEM Application Center – The OEM Application Center advances Henkel’s strategy to be a full-solutions provider to customers, especially within the industrial assembly sector Henkel Adhesive Technologies, a market leader with high-impact solutions in adhesives, sealants and coatings, today announced the opening of its new OEM Application Center in Rocky Hill, USA. The lab expands Henkel’s capabilities to deliver innovative solutions and design customized applications, technologies and production processes to better serve customer needs.
“The OEM Application Center further advances our strategy to be a full solutions provider to our customers, especially within the industrial assembly sector,” said Ken Forlenza, Head of Industrial Assembly and Automotive Aftermarket, North America. “With its advanced technology and automation, and investment in top-of-the-line equipment, we can more rapidly design and evaluate our innovative and reproducible customer processes.”
Top Leading Key Manufacturers are: Element Materials Technology, Henkel AG & CO KGaA, Exova Group plc, Westmoreland Mechanical Testing & Research Inc, Instron, Matrix Composite Inc, ETIM Composites Testing Laboratory, Mistras Group Inc, Intertek Group plc and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Composite Testing in these regions, from 2013 to 2023 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
Purchase this report online with 125 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Composite Testing Market Report 2019” @ https://www.businessindustryreports.com/buy-now/148987/single .
In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Composite Testing Market.
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