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On September 3, the foreign reportlinker website released the global composite material testing market analysis report.
According to market research and analysis, it is estimated that the global composite material testing market will reach 8 billion US dollars by 2027.
A compound annual growth rate of 5.
8%
.
According to early market forecasts, the compound annual growth rate in this field is expected to reach 6.
5%.
However, due to the impact of the new crown epidemic at the beginning of the year and the wider global impact, the growth rate will be adjusted to a revised 5.
4% in the next 7 years
.
In the field of composite material testing business, the current major global testing service providers include: Composite Material Testing Laboratory (CTL), Element Material Technology, Etim SAS, Exova Group PLC, Henkel AG, Instron, Matrix Composites Inc.
, Mistras GroupInc.
and Westmoreland mechanical testing and Research Limited
.
The growing demand for composite material testing in the aerospace and defense industries will continue to drive market growth during the forecast period, while other factors such as increased investment in composite material testing, and increased demand for hydraulic frame testing in the aerospace and defense industries, etc.
The factor is to further promote market growth
.
At the same time, the increase in the application of composite materials in the fields of transportation, construction, wind energy, electrical and electronics will also promote the growth of composite material testing business
.
According to the analysis of the market size in different regions of the world, the market size of the composite material testing industry in the United States is expected to be approximately US$502.
9 million in 2020
.
As the second largest economy in the world, China is expected to reach a market size of 588.
2 million U.
S.
dollars by 2027.
During the analysis period from 2020 to 2027, the compound annual growth rate is 9%
.
Other markets worthy of attention include Japan and Canada, which are expected to grow at a compound annual growth rate of 3.
2% and 5.
3% for the composite material testing industry market in the two countries during 2020-2027; in addition, Germany, located in Europe, will have a compound annual The annual growth rate is about 7.
3%
.
According to market research and analysis, it is estimated that the global composite material testing market will reach 8 billion US dollars by 2027.
A compound annual growth rate of 5.
8%
.
According to early market forecasts, the compound annual growth rate in this field is expected to reach 6.
5%.
However, due to the impact of the new crown epidemic at the beginning of the year and the wider global impact, the growth rate will be adjusted to a revised 5.
4% in the next 7 years
.
In the field of composite material testing business, the current major global testing service providers include: Composite Material Testing Laboratory (CTL), Element Material Technology, Etim SAS, Exova Group PLC, Henkel AG, Instron, Matrix Composites Inc.
, Mistras GroupInc.
and Westmoreland mechanical testing and Research Limited
.
The growing demand for composite material testing in the aerospace and defense industries will continue to drive market growth during the forecast period, while other factors such as increased investment in composite material testing, and increased demand for hydraulic frame testing in the aerospace and defense industries, etc.
The factor is to further promote market growth
.
At the same time, the increase in the application of composite materials in the fields of transportation, construction, wind energy, electrical and electronics will also promote the growth of composite material testing business
.
According to the analysis of the market size in different regions of the world, the market size of the composite material testing industry in the United States is expected to be approximately US$502.
9 million in 2020
.
As the second largest economy in the world, China is expected to reach a market size of 588.
2 million U.
S.
dollars by 2027.
During the analysis period from 2020 to 2027, the compound annual growth rate is 9%
.
Other markets worthy of attention include Japan and Canada, which are expected to grow at a compound annual growth rate of 3.
2% and 5.
3% for the composite material testing industry market in the two countries during 2020-2027; in addition, Germany, located in Europe, will have a compound annual The annual growth rate is about 7.
3%
.
