Composites Testing Market Statistics, Opportunities, Demand, Forecast to 2026 by MarketsandMarkets™

0
0

The Asia-Pacific region is projected to be the fastest-growing market for aerospace composites from 2016 to 2026. The high penetration of composites testing in this region can be attributed to the high demand for composites from the commercial aircraft, sporting goods and wind energy applications in this region, which in turn is leading to the high demand for composites testing. In addition, private companies are also investing in this region owing to the high demand for composites for indigenous aircraft such as Comac C919, and the wind energy and sporting goods applications.

For more Insights into the Composites Testing Market, Request a Sample of this Report@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=244333142 

With the highest demand for composites from the French aerospace & defense companies, France leads the composites testing market in Europe. The development and manufacture of a wide range of composite products, for commercial, military, and civil aircraft and systems & equipment, are driving the composites testing market in the country. In addition, the costs for establishing a business or facility in France are the lowest in terms of facility costs, utility costs, transport, and corporate taxes. Furthermore, corporate income tax in France is either low or nil. 

The use of continuous fiber composites in high end applications such as aerospace & defense and transportation is projected to grow during the forecast period. Owing to their light weight and increased fuel efficiency, continuous fiber composites comply with the eco-friendly regulatory mandates in certain regions such as the U.S. and Europe. In addition, various advantages offered by continuous fiber composites such as chemical inertness, high tensile strength, thermal stability, reduced part count and easy maintenance over their counterparts has driven the demand in the aerospace & defense and transportation applications. 

Destructive testing is projected to be the fastest-growing testing method, from 2016 to 2026, due to its growing penetration in the wind energy applications. Destructive testing is integral in the assessment of the mechanical properties of composites such as compression strength, shear strength, flexure strength and others. The penetration of composites testing in rotor blades is increasing due to the requirement to check their efficacy and quality. This in turn is leading to the high demand for destructive composites testing. 

Composites testing is more extensively used in the aerospace & defense industry. A majority of the composites are used to make airframe structures such as undercarriage, fuselage, and wings for aircraft. Besides this, the use of composites is projected to grow in the advanced and next-generation commercial aircraft which would constitute the use of significant percentages of aerospace composites in airframe structures. Thus, the penetration of composite testing in the aerospace & defense application is projected to grow from 2016 to 2026. 

Get Customization on this Research Report for Specific Research Solutions@ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=244333142 

The key players in the global composites testing market have adopted agreements, investments & expansions and acquisitions strategies between 2012 and 2016. The major companies operating in this market 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 & CO. KGaA (Germany). 

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441 

Showing 0 results
Your Answer

Please first to submit.

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.