The report on Composites Testing Market is an in-depth study and presentation of drivers, restraints, opportunities, market trends, market size, forecasts, and challenges in the global Composites Testing Market. Moreover, the report is a collective demonstration of primary and secondary research findings. Various analysis models used to gather data for this report provide insights into the competitive rivalry, players’ positions in the market, identifies strength, weakness, threat, and opportunities for the existing as well as new entrants in the market. The presented data in the report can help the user to make profitable decisions for better business growth.

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Regional analysis

Regional analysis by Stratview Research includes analysis of the overall consumer market in a specific region. The given information in the report will work as a guide for the users working in that region or planning to venture a business there under any product or service segment.

Analysis of Composites Testing Market Key Manufacturers:

According to the report, the Composites Testing Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.

Intertek Group plc

Exova Group plc

Element Materials Technology

ETIM Composites Testing Laboratory

SGS Sercovam

Henkel AG & CO. KGaA

Mistras Group Inc.

Westmoreland Mechanical Testing & Research Inc.

Growth drivers and Market Value:

This report, from Stratview Research, studies the Composites Testing Market value and growth drivers over the trend period of 2017-22. According to the report -

The global composites testing market is projected to reach US$ 1,819.9 million in 2022. Increasing production of composites rich commercial and regional aircraft, development of new composite applications in different industries, an advancement in materials, increasing investment in research & development, increasing demand for lightweight materials, and rising quality and safety standards are major growth drivers of the testing market in the composites industry.

Segment Analysis:

Based on Product Type:

Based on the product type, the global composites testing market is segmented into Polymer Matrix Composites (PMCs), Ceramic Matrix Composites (CMCs), and Metal Matrix Composites (MMCs). PMCs consist of both thermoset and thermoplastic composites and currently occupy the largest share of the global composites testing market. The segment is expected to remain largest over the next five years as well.

Based on Region:

North America holds the largest market share in the composites testing market, mainly driven by the USA. The country is the manufacturing capital of the aerospace & defense industry with the presence of several large- to small-sized OEMs, tier players, and testing service providers. There is also a healthy demand for testing from other industries, such as wind energy, transportation, building & construction, and marine in the country.

Asia-Pacific is projected to witness the highest growth during the same period, driven by China and India. Development of indigenous commercial, regional, and military aircraft, such as COMAC C919, ARJ21, and Mitsubishi MRJ, commencement of assembly plants of major commercial aircraft, such as A320 in the China, the highest wind turbine installation, and increasing penetration of composites in the transportation industry are some of the major growth drivers of the region.

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Research Methodology &Features -

This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints
• Market trend and forecast analysis
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Key success factors & more.

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