Excessive Demand Expected for Continuous fiber in the Composites Testing Market| MarketsandMarkets™

Posted by Jack Martin on March 16th, 2023

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%.

Europe is a major market for composites testing, with a market share estimated to be around 40%. This is due to the growing demand for lightweight materials in the automotive, aerospace, and defense industries. The European market has seen an increase in demand for composite testing equipment due to the need for quality assurance and assurance of safety for composite parts. The region is also seeing the emergence of new materials, such as carbon fiber-reinforced plastics (CFRPs), which are driving demand for composite testing because they require more advanced testing solutions. Furthermore, the presence of major players such as Element Materials Technology, SGS Group, and Eurofins Scientific contributes to the growth of the European 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) and others.