The report "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 - Global Forecast to 2026", The composites testing market is projected to reach USD 3.06 Billion by 2026, growing at a CAGR of 6.95%, from 2016 to 2026. The high penetration of composites in various high end applications and stringent regulatory norms stressing upon the quality of composites are driving the growth of the global composites testing market.
Europe accounts for the largest market share in composites testing, globally. This is due to the high demand for composites from Europe’s commercial aircraft and transportation industry, the presence of major composite testing service providers and the stringent regulatory norms such as, by the European Committee for Standardization (CEN) to ensure and maintain the quality of composites. The composites testing service providers in this region are focusing on capacity expansions in composites production to meet the high demand for non-destructive testing from commercial airline companies. For instance, Exova Group Plc. invested millions of Euros in Exova’s aerospace composites and metals testing site in Toulouse (France) in October 2013, which is helping the company to increase its capacity to meet customer needs. Further, the penetration of composites is growing in the wind energy application in Europe, which is further driving the composites testing market in this region.
Some of the key global players in the composites testing 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). These players have adopted various organic and inorganic developmental strategies for the period, 2016 to 2021.
