Market Size of Composite Testing Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Composite Testing Market Analysis
The Composite Testing market is expected to grow at a CAGR of XX% during the forecast period (2020-2025). The primary growth driver is the increase in the usage of composite in industries, like aerospace and defense, automotive, and wind energy, along with strict standards, imposed on to govern the testing for composites. Owing to their superior performing capacity and strength, composites are used in vehicles and interior & exterior of aircraft.
- Composites are required to adhere to the proprietary testing standards of manufacturers and other strict composite testing standards, in order to maintain durability and ensure safety. Hence, composite testing plays a significant role to ensure the infrastructure, services, products are met with the standards and regulations pertaining to safety and quality.
- In the Aerospace & Defense Industry, composite materials are replacing the use of traditional materials such as aluminium alloy for aircraft structures., due to the lightweight of composite materials. Additionally, features like lower production waste and significant room for production process improvements, high mechanical strength, and reduced need for subassemblies, are expected to further increase its adoption in several industries.
- For instance, recently, the researchers from MIT in the USA have developed a manufacturing process suitable for large composite aircraft parts that removes the need to use large ovens and autoclaves for curing. Hence, the adoption of composite testing solutions are expected to grow significantly during the forecast period.
- Amidst the global coronavirus outbreak, several companies are trying to contribute to help combat the pandemic and enhance the treatment of the patients. For instance, Core Composites has built and designed advanced composite-based, rigid-wall shelters for the U.S. military. It is an easily deployable shelter that can be used for COVID-19 testing and treatment, and to aid over-capacity hospitals, and can be quickly developed.
Composite Testing Industry Segmentation
A composite material is a combination of two materials with different physical and chemical properties, which are combined to create a material which is stronger, lighter or resistant to electricity. Composite Testing involves testing for various properties of the composite material, such as resistance, hardness, strength, cure, flame and heat resistance, viscoelasticity, ductility, and tensile stress, amongst various other properties. The global composite testing market has been segmented on the basis of testing method, product type, application, and region.
By Product Type | |
Ceramic Matrix Composites | |
Continuous Fiber Composites | |
Discontinuous Fiber Composites | |
Polymer Matrix Composites | |
Other Composites |
By Testing Method | |
Destructive | |
Non-destructive |
By Application | |
Aerospace and Defense | |
Automotive | |
Building & Construction | |
Electricals & Electronics | |
Others (Sporting Goods, Wind Energy, etc. ) |
By Geography | |
North America | |
Europe | |
Asia-Pacific | |
Latin America | |
Middle-East & Africa |
Composite Testing Market Size Summary
The composite testing market is poised for significant growth, driven by the increasing use of composite materials across various industries such as aerospace, defense, automotive, and wind energy. The demand for composite testing is fueled by the need to adhere to stringent safety and quality standards, ensuring that these materials meet the required durability and performance criteria. Composites are increasingly replacing traditional materials like aluminum alloys in aircraft structures due to their lightweight and high-strength properties, which also contribute to reduced production waste and improved manufacturing processes. Innovations in manufacturing processes, such as those developed by MIT for large composite aircraft parts, are expected to further boost the adoption of composite testing solutions.
In addition to industrial applications, the composite testing market is also influenced by the growing need for safe and sustainable infrastructure in urban environments. Non-destructive testing methods are widely used to evaluate the strength and durability of concrete structures, supporting the development of high-quality, compliant buildings. The European market is expected to hold a significant share due to stringent environmental norms and health safety measures, with initiatives like the Energy Performance of Buildings Directive promoting the adoption of composite testing. The market is moderately consolidated, with major players engaging in strategic partnerships and collaborations to expand their market presence and drive research and development activities.
Composite Testing Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Value Chain Analysis
-
1.3 Industry Attractiveness - Porter's Five Forces Analysis
-
1.3.1 Bargaining Power of Suppliers
-
1.3.2 Bargaining Power of Buyers
-
1.3.3 Threat of New Entrants
-
1.3.4 Threat of Substitute Products & Services
-
1.3.5 Threat of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Product Type
-
2.1.1 Ceramic Matrix Composites
-
2.1.2 Continuous Fiber Composites
-
2.1.3 Discontinuous Fiber Composites
-
2.1.4 Polymer Matrix Composites
-
2.1.5 Other Composites
-
-
2.2 By Testing Method
-
2.2.1 Destructive
-
2.2.2 Non-destructive
-
-
2.3 By Application
-
2.3.1 Aerospace and Defense
-
2.3.2 Automotive
-
2.3.3 Building & Construction
-
2.3.4 Electricals & Electronics
-
2.3.5 Others (Sporting Goods, Wind Energy, etc. )
-
-
2.4 By Geography
-
2.4.1 North America
-
2.4.2 Europe
-
2.4.3 Asia-Pacific
-
2.4.4 Latin America
-
2.4.5 Middle-East & Africa
-
-
Composite Testing Market Size FAQs
What is the current Composite Testing Market size?
The Composite Testing Market is projected to register a CAGR of 7% during the forecast period (2024-2029)
Who are the key players in Composite Testing Market?
Composites Testing Laboratory, Element Materials Technology, ETIM Composites Testing Laboratory, Henkel AG & Co. KGaA and Instron Corporation are the major companies operating in the Composite Testing Market.