The Market of Composites Testing to grow beyond US$ 1,819.9 million by 2022

The new report of Stratview Research analyses the Composites Testing Market over the trend period from 2011 to 2016 and forecast period from 2017 to 2022. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.

Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
• Strategic segmentation
• Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Detailed Competitive Rivalry landscaping
• Market trend and forecast analysis
• Future Growth Boulevards

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/194/composites-testing-market.html

The Global Composites Testing Market: The Growth Prognosis & its Drivers
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.

Market Segments
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.

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 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.

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.

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 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.

Comprehensive Market Coverage
Click here for other reports from Stratview Research in the Advanced Materials Industry:
https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

This release was published on openPR.