Global Structural Core Materials Market, By Outer Skin Type (GFRP, CFRP, NFRP and Other), Type (Foam, Honeycomb and Balsa), End User Industry (Oil and Gas, Aerospace, Wind Energy, Marine, Transportation, Construction and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Structural Core Materials Market
Data Bridge Market Research analyses that the structural core materials market will witness a CAGR of 6.42% for the forecast period of 2021-2028. Rise in the demand for structural core by the various end user verticals such as wind energy industry and other industries and increased application of composites in the aerospace industry are the two major factors attributable to the growth of the structural core materials market. This signifies that the global structural core materials market value would stand tall by USD 3.56 billion by the year 2028.
Structural core materials are made by mixing more than two materials have unique and distinctive properties and are incorporated with the composite materials. The structural core materials are manufactured with the help of glass fibre, carbon fibre, resins and other intermediates. Due to a wide range of benefits offered by structural core materials, the manufacturers and the industries have started preferring them over laminates.
Rising urbanization, modernization and growth in the building and construction activities have resulted in inducing growth in the demand for structural core materials. Upsurge in the demand for clean energy globally is one of the major factors fostering the growth of the structural core materials market. Large scale application of honeycomb core materials in automotive and aerospace industries owing to their beneficial properties such as thermal stability, light weight and high stiffness coupled it will further induce growth in the structural core materials market value. Growth and expansion of the various end user verticals would conclusively promote the demand for structural core materials.
However, high investment and operating costs associated with the structural core materials coupled with fluctuations in the prices of raw materials will pose a major challenge to the market growth. Stringent regulations imposed by the government on carbon emissions will further create hindrances for the growth of the market.
This structural core materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on structural core materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Structural Core Materials Market Scope and Market Size
The structural core materials market is segmented on the basis of outer skin type, type, and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of outer skin type, the structural core materials market is segmented into GFRP, CFRP, NFRP and others.
- On the basis of type, the structural core materials market is segmented into foam, honeycomb and balsa. Foam segment is sub-segmented into PVC foam, PET foam, SAN foam and others. Others segment is further bifurcated into polystyrene (PS), polymethacrylimide (PMI), polyetherimide (PEI) and polyurethane (PU). Honeycomb segment is sub-segmented into aluminium, aramid, thermoplastic and paper.
- On the basis of end user industry, the structural core market is segmented into oil and gas, aerospace, wind energy, marine, transportation, construction and others.
Global Structural Core Materials Market Country Level Analysis
The structural core materials market is analysed and market size, volume information is provided by country, outer skin type, type, and end user industry as referenced above.
The countries covered in the structural core materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the 3D printing materials market owing to the growth and expansion of wind energy, automotive and aerospace industries. However, it is Asia-Pacific region, which will project the highest compound annual growth rate during the forecast period owing to the rising building and construction activities.
The country section of the structural core materials market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Structural Core Materials Market Share Analysis
The structural core materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to structural core materials market.
The major players covered in the structural core materials market report are Evonik Industries AG, BASF SE, SABIC, Plascore, Inc., CoreLite., Collins Aerospace, Diab, Gurit, SCHWEITER TECHNOLOGIES, Hexcel Corporation, The Gill Corporation., EURO-COMPOSITES, Advanced Honeycomb Technologies, 3A Composites GmbH, Armacell, I-Core Composites, LLC, COMPOSITE ESSENTIAL MATERIALS, Arkema, DSM and 3M. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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