According to a new report published by Reports Monitor titled, “Global Composite Testing Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Composite Testing Market is rapidly growing from 2017 to 2025.
Composite material is a combination of two or more different materials that results in superior product. There has been a rising demand for composite materials owing its light weight and superior strength. Common types of composite materials are: fiberglass, carbon fiber, boron fiber, basalt fiber and natural fiber. The mechanical testing of composite materials involves a series of test methods and standards performed, in order to examine the performance of the materials under varying environment and condition.
Increasing demand for composite testing from automotive and aerospace sector is the major factor in driving the market growth. According U.S. Department of Commerce Automotive sector is the largest market for composite materials. Automotive industry is continuously looking for innovative materials to help reduce vehicle weight and achieve fuel efficiency. The demand for carbon fiber in automotive industry will rise sharply in future as light weight vehicles become increasingly important. However lack of expertise in developing region may slow down the growth of market. Moreover, increasing adoption of composite materials in others sectors are projected to generate lucrative market opportunities.
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The Composite Testing market report has been categorized in three sections, the first section entitled as market overview offers a holistic view of the market, coupled with its key trends, drivers, restraints and opportunities. Our analyst implements, several qualitative tools such as SWOT analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section provides estimated market size and forecast for key market segments and regional market. The final part includes the study of competitors operating in the market, which includes their mergers/acquisitions, new product development and their financial overview.
The composite testing market is majorly segmented on the basis of testing method, product type and applications. Based on the testing method adopted, market is bifurcated into: destructive and non-destructive testing, while on the basis of product type, market is segmented into: continuous fiber composites, non-continuous fiber composites, polymer matrix composites, ceramic matrix composites and others. Based on the area of applications, market is bifurcated into: aerospace and defense, transportation, building and construction, sporting goods, electronics and electrical and others.
Global Composite Testing market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Technological advancement in composite materials is major factor influencing the market growth in North America. Strict norms and regulation by major organization in Europe, to meet higher quality standard is major factor driving the market growth.
The major key players operating in the market are: Exova Group PLC., Intertek Group PLC., Henkel AG & Co. KGaA, Instron Corporation, Mistras Group Inc., Element Materials Technology, Westmoreland Mechanical Testing and Research Inc, Matrix Composites Inc., ETIM Composites, Composites Testing Laboratory Ltd.
In-depth table of contents for this report @ https://goo.gl/8xKDUx
The study for Composite Testing Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015
Base Year Estimate: 2016
Forecast: 2017 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1 Market Definition
1.2. Market Scope
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016
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