Global Core Materials Market was valued at USD 1.2 billion in 2019 which is expected to reach USD 2.5 billion by 2030 at a CAGR 13.3%.
Core materials are used in aerospace and wind energy equipment for improving strength of material. These are generally low strength material however, its thickness provide the sandwich composite a high bending stiffness with low density. Also, core materials are used in various industries such as automotive, wind energy, and marine.
Increase in demand from wind energy & aerospace industries for core materials is the key driving factor which is expected to drive the global care materials market growth. Also, increase in launches of core materials will have the positive impact on global core materials market growth. For instance, in March 2018, Evonik industries had launched its new core material which is named as ROCHACRYL, ROCHACRYL has various features such as thermally stable, lightweight, and environment friendly. This product is used in wind energy for manufacturing of turbine blades. Moreover, increase in mergers and acquisition activities by key players expected to propel the global core materials market growth. For Instance, in 2016, Gurit Holding AG acquired the BASF’ S PET Business in Italy. This acquisition will help Gurit Holding AG to expand their PET production capacity in Europe and increase structural core material product range.
However, higher cost of investment and delay in renewal of production of tax credit are the restraining factors which are expected to hamper the global core materials market growth.
Global Core Materials Market is segmented into type such as Balsa, Thermoplastic, Aramid, Aluminum, Honeycomb, SAN Foam, PET Foam, PVC Foam, and PVC Foam. Further, Global Core Materials Market is segmented into industry vertical such as Construction, Transportation, Marine, Wind Energy, Aerospace, and Others.
Also, Global Core Materials Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Various key players are discussed in this report such as The Gill Corporation, Euro-Composites S.A, Changzhou Tiansheng New Materials Co. Ltd, 3A Composites, Armacell International S.A, Hexcel Corporation, Gurit Holding AG,and Evonik Industries.
By Type Balsa Thermoplastic Aramid Aluminum Honeycomb SAN Foam PET Foam PVC Foam By Industry Vertical Construction Transportation Marine Wind Energy Aerospace Others
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Core Materials Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Core Materials Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Core Materials Market Share Analysis, By Type
5.3 Global Core Materials Market Size and Forecast, By Type
5.3.1 Balsa
5.3.2 Thermoplastic
5.3.3Aramid
5.3.4Aluminium
5.3.5Honeycomb
5.3.6SAN Foam
5.3.7 PET Foam
5.3.8 PVC Foam
6 Global Core Materials Market, By Industry Vertical
6.1 Y-o-Y Growth Comparison, By Industry Vertical
6.2 Global Core Materials Market Share Analysis, By Industry Vertical
6.3 Global Core Materials Market Size and Forecast, By Industry Vertical
6.3.1 Construction
6.3.2 Transportation
6.3.3 Marine
6.3.4Wind Energy
6.3.5 Aerospace
6.3.6Others
7Global Core Materials Market, By Region
7.1 Global Core Materials Market Share Analysis, By Region
7.2 Global Core Materials Market Share Analysis, By Region
7.3 Global Core Materials Market Size and Forecast, By Region
8North America Core Materials Market Analysis and Forecast (2017 – 2030)
8.1 Introduction
8.2 North America Core Materials Market Share Analysis, By Type
8.3 North America Core Materials Market Size and Forecast, By Industry Vertical
8.4 North America Core Materials Market Size and Forecast, By Country
8.4.1 U.S.
8.4.2 Canada
8.4.3 Mexico
9Europe Core Materials Market Analysis and Forecast (2017 – 2030)
9.1 Introduction
9.2 Europe Core Materials Market Share Analysis, By Type
9.3 Europe Core Materials Market Size and Forecast, By Industry Vertical
9.4 Europe Core Materials Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4. Rest of Europe
10Asia Pacific Core Materials Market Analysis and Forecast (2017 – 2030)
10.1 Introduction
10.2 Asia Pacific Core Materials Market Share Analysis, By Type
10.3 Asia Pacific Core Materials Market Size and Forecast, By Industry Vertical
10.4 Asia Pacific Core Materials Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4. Rest of Asia Pacific
11Latin America Core Materials Market Analysis and Forecast (2017 – 2030)
11.1 Introduction
11.2 Latin America Core Materials Market Share Analysis, By Type
11.3 Latin America Core Materials Market Size and Forecast, By Industry Vertical
11.4 Latin America Core Materials Market Size and Forecast, By Country
12Middle East Core Materials Market Analysis and Forecast (2017 – 2030)
12.1 Introduction
12.2 Middle East Core Materials Market Share Analysis, By Type
12.3 Middle East Core Materials Market Size and Forecast, By Industry Vertical
12.4 Middle East Core Materials Market Size and Forecast, By Country
13Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14Company Profiles
15.1 The Gill Corporation
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Euro-Composites S.A
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Changzhou Tiansheng New Materials Co. Ltd
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 3A Composites
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Armacell International S.A,
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Hexcel Corporation
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Gurit Holding AG
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Evonik Industries.
15.8.1 Overview
15.8.2 Offerings 1
5.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies
