Composites Testing Market
Composites Testing Market Analysis by Product (Continuous Fiber Composites, Discontinuous Fiber Composites, Polymer Matrix Composites, Ceramic Matrix Composites), Testing Method (Destructive Testing, Non-destructive Testing), by End-use Industry & Regional Forecast 2022 to 2032
Analysis of Composites Testing market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Market Outlook of Composites Testing
Global demand for composites testing reached a market value of US$ 1.6 Billion in 2021, and is forecast to be valued at US$ 1.8 Billion in 2022, representing a Y-o-Y increase worth 12.5%. During the 2022 to 2032 assessment period, the industry is poised to register a value CAGR worth 5.2% to reach US$ 3 Billion.
| Report Attributes | Details |
|---|---|
| Anticipated Base Year Value (2021) | US$ 1.6 Billion |
| Expected Market Value (2022) | US$ 1.8 Billion |
| Projected Forecast Value (2032) | US$ 3 Billion |
| Global Growth Rate (2022 to 2032) | 5.2% CAGR |
| Growth Rate of the U.S (2022 to 2032) | 5.8% CAGR |
| Expected Market Value of China (2032) | US$ 900 Million |
| Key Composites Testing Service Providers | Exova Group; Intertek Group; Mistras Group Inc.; Element Materials Technology; Westmoreland Mechanical Testing & Research Inc.; Matrix Composites; Instron; ETIM Composites Testing Laboratory; Henkel AG & CO. KGaA |
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Composites Testing Market Revenue Analysis 2015 to 2021 vs. Future Outlook 2022 to 2032
According to Fact.MR, a market research and competitive intelligence provider, historically, from 2015 to 2021, demand for composites testing increased at a 3% CAGR, owing to the increasing use of composites in transportation, aerospace, defense, and wind energy, all of which require stringent testing standards to be met.
Other uses of composites, including as building and construction, sporting goods, and electrical and electronics, are driving the increase in demand for composites testing. Different types of composites used in all of the aforementioned applications must meet severe testing criteria at every stage of the composite manufacturing supply chain.
With the increasing use of composites in the defense and aerospace industries, the need for composites testing on modern commercial aircrafts has grown over the years.
The high amount of composites used in aero plane constructions, which necessitates specialized testing procedures, has created several opportunities for industry participants. The market for composites testing is expected to more than double in the next 10 years, reaching over US$ 3 Billion by 2032.
Prominent Composites Testing Industry Growth Drivers
Opportunities are available for Composites Testing Suppliers
With increased demand for composites from a variety of sectors, chances for composites testing appear to be promising in the future years. With the aerospace industry's increasing demand for lightweight composite materials and expanding quality and safety requirements as a significant necessity, composites testing are developing as a profitable and rapidly growing business opportunity.
Furthermore, significant expenditures in the construction of cutting-edge composites testing facilities in Asia Pacific are fueling market expansion.
This testing procedure is widely utilized in the aero plane, automobile, and aerospace sectors to qualify the performance of composite materials, with significant investment predicted in all of the industries listed.
Composite materials are also widely used in the design of critical components in sports, ships, buildings, and other high-performance applications that require adherence to high levels of safety and durability, causing the composites market to be subjected to severe restrictions in order to meet composite testing and manufacturers' proprietary testing requirements.
Because of this factor, worldwide demand for composites testing is expected to increase in the next years, creating a favorable environment for development and profitability. The expanding oil and gas sector, as well as the expanding chemical industry, will boost the need for composite pipes and tanks even higher.
Various factors such as increased composite material usage in various industries, increased commercial aircraft production, increased R&D investments, rising safety standards in various industries, and rising demand for lightweight materials will drive profit growth for composites testing during the evaluation period of 2022 to 2032.
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Key Challenges Prevalent in the Global Composites Testing Market
High Cost as well as Lack of Awareness may Impede Growth Prospects
High processing and material costs, a lack of awareness, and a lack of proper product standardization are some of the factors limiting composites testing service providers. Currently, few firms are investing in R&D, and instead of developing cutting-edge technology, more funds are being focused into developing technology that is relatively useful.
This is stifling the expansion of composites testing services. In addition, there is a severe shortage of skilled personnel to undertake composites material testing, which is hampering market growth. Furthermore, the COVID-19 pandemic had a significant influence on demand for composites testing since most industrial activities had been halted, which in turn had a significant impact on demand and the supply chain. Another aspect providing a significant threat to market growth is the non-recyclability of composite materials.
Many of the existing generic material recycling technologies do not cater to high-end composite materials, and these materials are frequently challenging for disposal. A great deal of research is being conducted to address the problem of composite material disposal and recycling, which will, in turn, tackle the primary challenge confronting the composites sector.
Country-wise Analysis
Why is there a Surge in Demand for Composites Testing in China?
According to the China Automotive Association, car manufacturing climbed by 30% in 2018. Growth has been ascribed to the country's FDI (foreign direct investment) policy, which has favored China's car sector and encouraged many well-known global companies to invest in it.
This has resulted in a significant demand for composites testing in the nation, particularly from the automobile industry. According to Fact.MR, demand for composites testing in China is poised to register a CAGR worth 4.7% from 2022 to 2032.
How is Japan's thriving Automobile Industry Driving Demand for Composites Testing?
According to a report by Japan's Automobile Manufacturers Association, total demand for passenger cars and commercial vehicles in Japan in 2017 was 5.19 million units, a 2.2% increase over the previous fiscal year, with sales of passenger cars and CVs (computer controlled vehicle systems), excluding mini-vehicles, totaling 3.34 million units and sales of mini-vehicles totaling 1.86 million units, a 7.9% increase.
Japan's thriving automobile sector has boosted demand for composites testing, and this trend is projected to continue in the coming years. A CAGR worth 4.5% has been forecast for the 2022 to 2032 period of assessment for the Japanese composites testing market.
Country-wise Forecast CAGRs in the Composites Testing Market
| Country Wise Analysis | Growth Rate |
|---|---|
| U.S | 5.8% |
| U.K | 5% |
| China | 4.7% |
| Japan | 4.5% |
| South Korea | 4.6% |
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Category-wise Insights
Why are Mechanical Composites Testing highly Demanded?
Increasing Demand across various Application to be Top Growth Driver in the Coming Years
Mechanical composites testing has the greatest market share, accumulating a market share worth 36%, and its rapid rise may be due to rising demand for composites in a variety of applications such as vehicle interiors, medical devices, defense, and others. The addition of high strength fibres to a polymer matrix can increase mechanical parameters such as ultimate tensile strength, temperature resistance, and flexural modulus significantly. Mechanical testing is still in great demand due to these high-end structural applications of composites.
Mechanical composites testing have the largest market share, and its quick growth might be attributed to increased demand for composites in a number of applications such as car interiors, medical devices, defense, and others. The insertion of high strength fibres to a polymer matrix can greatly improve mechanical properties such as ultimate tensile strength, temperature resistance, and flexural modulus. Mechanical testing is still in high demand as a result of composites' high-end structural applications.
Why is Continuous Fiber Testing so Popular across the Globe?
Continuous Fibres and the Testing that follows them are in High Demand all around the World
Continuous fiber composites are laminated materials in which individual layers, piles, or lamina are oriented to maximize strength in any principal load direction.
Continuous fibres have a high tensile strength and thermoplastic matrix systems with a relatively low glass transition temperature, such as polypropylene/glass fiber, and are thus employed in a variety of automotive applications. Because of these multi-specialty applications, continuous fibres and their subsequent testing are in high demand all over the world.
Which End-Use Industry Leads the Composites Testing Industry?
Composites are in High Demand in a Variety of Automotive Applications
The vehicle sector continues to dominate composites testing demand, rising at a CAGR of more than 7%. Composites combine the typical benefits of semi-crystalline thermoplastic matrix composites in terms of molding processes, chemical resistance, damage tolerance, and environmental resistance.
As a result, composites are in high demand in a variety of automotive applications. With the ever-expanding automotive sector and its demand for composites all over the world, this category is seeing the most growth among end-users.
Competitive Landscape
According to Fact.MR's composites testing industry study, the market is fairly consolidated due to the existence of a few significant players on a worldwide scale. Market participants see strategic partnerships and collaborations as a viable approach to increasing their market share. Companies are also partnering to perform R&D operations and expand their market potential.
Among the significant developments are :
- In October 2019, a team of researchers from the University of Texas at Arlington began investigating new modelling approaches for economical, long-term testing of composite materials. The Air Force Research Lab also provided funding of US$ 2.3 million to continue a joint effort with colleagues from Wichita State University.
- Continuous Composites, an additive manufacturing materials firm, announced collaboration with Arkema, a French advanced materials company, in September 2019 to merge Continuous Composites' proprietary Continuous Fiber 3D (CF3D) printing technique with Arkema's photocurable resin solutions.
Key Segments Covered in the Composites Testing Industry Report
-
By Product :
- Continuous Fiber Composites
- Discontinuous Fiber Composites
- Polymer Matrix Composites
- Ceramic Matrix Composites
-
By Testing Method :
- Destructive Testing Method of Composites Testing
- Non-destructive Testing Method of Composites Testing
-
By End-use Industry :
- Aerospace & Defense
- Transportation
- Building & Construction
- Wind Energy
- Marine Industry
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Table of Content
- 1. Global Market - Executive Summary
- 2. Global Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background and Foundation Data Points
- 5. Global Market Demand (US$ Mn) Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 6. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Testing Method
- 6.1. Destructive
- 6.2. Non-destructive
- 7. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Product
- 7.1. Continuous Fiber Composites
- 7.2. Discontinuous Fiber Composites
- 7.3. Polymer Matrix Composites
- 7.4. Ceramic Matrix Composites
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End-use Industry
- 8.1. Aerospace & Defence
- 8.2. Transportation
- 8.3. Wind Energy
- 8.4. Building and Construction
- 8.5. Sporting Goods
- 8.6. Electricals & Electronics
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East and Africa (MEA)
- 10. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 11. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 12. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 13. East Asia Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. South Asia & Oceania Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Market Structure Analysis
- 17. Competition Analysis
- 17.1. Exova Group (U.K.)
- 17.2. Intertek Group (U.K.)
- 17.3. Mistras Group Inc. (U.S.)
- 17.4. Element Materials Technology (U.S.)
- 17.5. Westmoreland Mechanical Testing & Research Inc. (U.S.)
- 17.6. Matrix Composites (U.K.)
- 17.7. Instron (U.K.)
- 17.8. ETIM Laboratory (France)
- 17.9. Henkel AG & CO. KGaA (Germany)
- 18. Assumptions and Acronyms Used
- 19. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 02: Global Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 04: Global Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 05: Global Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 07: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 08: Global Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2015 to 2021
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2022 to 2032
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2022 to 2032
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2015 to 2021
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 16: North America Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 17: North America Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 19: North America Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 20: North America Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 22: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 23: North America Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2015 to 2021
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 28: Latin America Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 29: Latin America Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 34: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 35: Latin America Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2015 to 2021
Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 40: Europe Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 41: Europe Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 43: Europe Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 44: Europe Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 46: Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 47: Europe Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
Table 49: East Asia Market Value (US$ Mn) Analysis, by Country, 2015 to 2021
Table 50: East Asia Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 51: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 52: East Asia Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 53: East Asia Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 54: East Asia Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 55: East Asia Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 56: East Asia Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 57: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 58: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 59: East Asia Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 60: East Asia Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
Table 61: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2015 to 2021
Table 62: South Asia & Oceania Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 63: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 64: South Asia & Oceania Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 65: South Asia & Oceania Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 66: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 67: South Asia & Oceania Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 68: South Asia & Oceania Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 69: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 70: South Asia & Oceania Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 71: South Asia & Oceania Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 72: South Asia & Oceania Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
Table 73: MEA Market Value (US$ Mn) Analysis, by Country, 2015 to 2021
Table 74: MEA Market Value (US$ Mn) Analysis, by Country, 2022 to 2032
Table 75: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2022 to 2032
Table 76: MEA Market Value (US$ Mn) Analysis, by Testing Method, 2015 to 2021
Table 77: MEA Market Value (US$ Mn) Analysis, by Testing Method, 2022 to 2032
Table 78: MEA Market Value (US$ Mn) Opportunity Analysis, by Testing Method, 2022 to 2032
Table 79: MEA Market Value (US$ Mn) Analysis, by Product, 2015 to 2021
Table 80: MEA Market Value (US$ Mn) Analysis, by Product, 2022 to 2032
Table 81: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2022 to 2032
Table 82: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2015 to 2021
Table 83: MEA Market Value (US$ Mn) Analysis, by End-use Industry, 2022 to 2032
Table 84: MEA Market Value (US$ Mn) Opportunity Analysis, by End-use Industry, 2022 to 2032
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 04: Global Market Incremental $ Opportunity, 2022 to 2032
Figure 05: Global Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 06: Global Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 07: Global Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 08: Global Market Share and BPS Analysis by Product, 2022 & 2032
Figure 09: Global Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 10: Global Market Attractiveness Analysis by Product, 2022 to 2032
Figure 11: Global Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 12: Global Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 13: Global Market Attractiveness Analysis by End-use Industry, 2022 to 2032
Figure 14: Global Market Share and BPS Analysis by Region, 2022 & 2032
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2022 to 2032
Figure 16: Global Market Attractiveness Analysis by Region, 2022 to 2032
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 20: North America Market Incremental $ Opportunity, 2022 to 2032
Figure 21: North America Market Share Analysis by Country, 2022 & 2032
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 23: North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 24: North America Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 25: North America Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 26: North America Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 27: North America Market Share and BPS Analysis by Product, 2022 & 2032
Figure 28: North America Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 29: North America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 30: North America Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 31: North America Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 32: North America Market Attractiveness Analysis by End-use Industry, 2022 to 2032
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 36: Latin America Market Incremental $ Opportunity, 2022 to 2032
Figure 37: Latin America Market Share Analysis by Country, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 39: Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40: Latin America Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 42: Latin America Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 43: Latin America Market Share and BPS Analysis by Product, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 45: Latin America Market Attractiveness Analysis by Product, 2022 to 2032
Figure 46: Latin America Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 48: Latin America Market Attractiveness Analysis by End-use Industry, 2022 to 2032
Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 52: Europe Market Incremental $ Opportunity, 2022 to 2032
Figure 53: Europe Market Share Analysis by Country, 2022 & 2032
Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 55: Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 56: Europe Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 57: Europe Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 58: Europe Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 59: Europe Market Share and BPS Analysis by Product, 2022 & 2032
Figure 60: Europe Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 61: Europe Market Attractiveness Analysis by Product, 2022 to 2032
Figure 62: Europe Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 63: Europe Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 64: Europe Market Attractiveness Analysis by End-use Industry, 2022 to 2032
Figure 65: East Asia Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 66: East Asia Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 67: East Asia Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 68: East Asia Market Incremental $ Opportunity, 2022 to 2032
Figure 69: East Asia Market Share Analysis by Country, 2022 & 2032
Figure 70: East Asia Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 71: East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 72: East Asia Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 73: East Asia Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 74: East Asia Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 75: East Asia Market Share and BPS Analysis by Product, 2022 & 2032
Figure 76: East Asia Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 77: East Asia Market Attractiveness Analysis by Product, 2022 to 2032
Figure 78: East Asia Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 79: East Asia Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 80: East Asia Market Attractiveness Analysis by End-use Industry, 2022 to 2032
Figure 81: South Asia & Oceania Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 82: South Asia & Oceania Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 83: South Asia & Oceania Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 84: South Asia & Oceania Market Incremental $ Opportunity, 2022 to 2032
Figure 85: South Asia & Oceania Market Share Analysis by Country, 2022 & 2032
Figure 86: South Asia & Oceania Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 87: South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 88: South Asia & Oceania Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 89: South Asia & Oceania Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 90: South Asia & Oceania Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 91: South Asia & Oceania Market Share and BPS Analysis by Product, 2022 & 2032
Figure 92: South Asia & Oceania Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 93: South Asia & Oceania Market Attractiveness Analysis by Product, 2022 to 2032
Figure 94: South Asia & Oceania Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 95: South Asia & Oceania Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 96: South Asia & Oceania Market Attractiveness Analysis by End-use Industry, 2022 to 2032
Figure 97: MEA Market Value (US$ Mn) Historical Analysis, 2015 to 2021
Figure 98: MEA Market Value (US$ Mn) Forecast and Analysis, 2022 to 2032
Figure 99: MEA Market Value Y-o-Y Growth and Forecast, 2015 to 2032
Figure 100: MEA Market Incremental $ Opportunity, 2022 to 2032
Figure 101: MEA Market Share Analysis by Country, 2022 & 2032
Figure 102: MEA Market Y-o-Y Growth Projection by Country, 2022 to 2032
Figure 103: MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 104: MEA Market Share and BPS Analysis by Testing Method, 2022 & 2032
Figure 105: MEA Market Y-o-Y Growth Projections by Testing Method, 2022 to 2032
Figure 106: MEA Market Attractiveness Analysis by Testing Method, 2022 to 2032
Figure 107: MEA Market Share and BPS Analysis by Product, 2022 & 2032
Figure 108: MEA Market Y-o-Y Growth Projections by Product, 2022 to 2032
Figure 109: MEA Market Attractiveness Analysis by Product, 2022 to 2032
Figure 110: MEA Market Share and BPS Analysis by End-use Industry, 2022 & 2032
Figure 111: MEA Market Y-o-Y Growth Projections by End-use Industry, 2022 to 2032
Figure 112: MEA Market Attractiveness Analysis by End-use Industry, 2022 to 2032
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- FAQs -
What is the expected worth of the composites testing industry in 2022?
By 2022, Fact.MR expected demand for composites testing to reach US$ 1.8 Billion
What is the expected market value for the U.S composites testing market?
By 2032, Fact.MR expects the U.S market for composites testing to reach US$ 1.1 Billion
At what CAGR did the composites testing market flourish from 2015-2021?
From 2015-2021, the composites testing market grew at a 3% value CAGR
What is the expected forecast CAGR for composites testing from 2022-2032?
From 2022-2032, composites testing demand is likely to surge at a 5.2% CAGR
At what value will the market for composites testing close in 2032?
By 2032, the market for composites testing is likely to be valued at US$ 3 Billion
What was the market worth for composites testing in 2021?
As of 2021, Fact.MR estimated the composites testing market to have reached US$ 1.6 Billion
How opportunistic is the Chinese market for Composites Testing?
China is expected to register a 4.7% CAGR with regard to the Composites Testing industry
What is the expected growth rate for the Japanese market?
Japan is expected to document a CAGR worth 4.5% in the composites testing market
Which End User Industry will account for the maximum Composites testing revenue?
The automotive sector continues to dominate composites testing demand, rising at a CAGR of more than 7%.
Composites Testing Market