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Composites Testing Market by Testing Type (Destructive, Non-Destructive), Product Type (Continuous Fiber, Discontinuous Fiber, Polymer Matrix, Ceramic Matrix), Application (Aerospace & Defense, Transportation, Wind) & Region
Composites testing plays a vital role across the composites supply chain and composite product life cycle. Composites used in various applications have to comply with a range of standards with regard to safety, quality, process control, regulatory compliance and performance. Resin manufacturers, additive suppliers, fiber manufacturers or end-users have to overcome these challenging standards which ultimately offer a significant commercial advantage in terms of quality. The global composites testing market is projected to reach USD 3.06 billion by 2026, at a CAGR of 6.95%, from 2016 to 2026.
Continuous fiber composites have the largest market share in the global composites testing market. Owing to their superior performance, continuous fiber composites are extensively used in high-end applications such as aerospace & defense and transportation. Since the share of composites in these applications is very high, the market for continuous fiber composites testing is also very large as compared to the testing of other composite products. Further, the demand for continuous fiber composites is also very high from the next generation aircraft, fighter planes and advanced light weight automotives, which further increases the share in the composites testing market.
The key companies offering composites testing are mainly involved in the investments & expansions and agreements strategies to strengthen their positions in the global composites testing market. The key players are trying to secure their market positions through fixed term agreements with composite part manufacturers and end-users. In addition, the players are expanding their composites testing lab facilities to meet the high demands from various aircraft manufacturers, especially commercial aircraft manufacturers.
The major manufacturers profiled in this report are, Exova Group plc (U.K.), Intertek Group plc (U.K.), Mistras Group, Inc. (U.S.)., Element Materials Technology (U.S.), Westmoreland Mechanical Testing & Research Inc. (U.S.), Matrix Composite, Inc. (U.K.) , Instron (U.K.), ETIM Composites Testing Laboratory (France), Henkel AG & Company. KGaA (Germany). These companies have adopted various organic and inorganic growth strategies such as agreements, investments & expansions, and acquisitions to expand their global presence and increase their penetration into the global composites testing market.