Global Structural Core Materials Market Trends, Applications, Analysis, Growth, and Forecast to 2028

The Structural Core Materials Market report has been segmented on the basis of product type, outer skin type, end-use industry, and region.

Global Structural Core Materials Market: Overview

“The Structural Core Materials Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Structural core materials are used in infrastructure, aircraft, automotive, military, and corrosion-resistant equipment.

These materials are integrated with composite materials in a sandwich panel in order to enhance the structural rigidity and reduce the overall weight.

Structural core materials are widely used in construction, transportation, aerospace, and other industries.

Global Structural Core Materials Market: Dynamics

The rising demand for clean energy across the globe is a key factor expected to drive the growth of the global structural core materials market over the long run.

Additionally, the increasing use of honeycomb core materials in automotive and aerospace industries owing to their lightweight, high stiffness, and other properties is another factor anticipated to fuel the growth of the target market to a certain extent.

Furthermore, increasing demand for these materials in various end-use industries such as packaging, construction, electronics, and marine, owing to corrosion resistance, good thermal stability, and dielectric properties is among some other factors estimated to fuel the growth of the structural core materials market over the long run.

However, high capital and operating cost is a major factor that may restrain the growth of the target market over the long run. In addition, stringent government regulations toward carbon emissions are projected to be another factor restraining the growth of the potential market.

Increasing investments and R&D in aerospace and renewable energy resources such as wind power is anticipated to create lucrative opportunities for the manufacturers of structural core materials and is expected to drive revenue growth of the potential market in years to come

Global Structural Core Materials Market: Segment Analysis

Among the product type, the foam segment is projected to grow at a significant rate in the next coming years owing to increasing demand for manufacturing of wind turbine blades coupled with growing renewable energy resources in emerging economies.

Among outer skin types, the glass fiber reinforced polymer segment is expected to register the highest growth in terms of revenue in the potential market.

Among the end-use industry, the wind energy segment is anticipated to account for a significant revenue share in the target market over the long run, owing to the increasing demand for clean energy across the globe.

Global Structural Core Materials Market: Regional Analysis

Currently, the North American market is estimated to hold significant growth in terms of value and volume and is expected to dominate the structural core materials market.

Increasing demand for structural core materials such as honeycomb in aerospace and wind energy industries is a major factor expected to propel the growth of the North American structural core materials market.

The structural core materials market in the Asia Pacific is projected to grow at a rapid rate over the long run, owing to rapid industrialization coupled with increasing government initiatives for various infrastructural and clean energy projects in developing countries.

The Europe market is anticipated to account for a moderate revenue share in the target market.

Global Structural Core Materials Market Segmentation:

Segmentation on the basis of Product Type:

• Honeycomb
• Foam
• Balsa

Segmentation on the Basis of Outer Skin Type:

• Glass Fiber Reinforced Polymer (GFRP)
• Carbon Fiber Reinforced Polymer (CFRP)
• Natural Fiber Reinforced Polymer (NFRP)
• Others (Aluminum Composite, Recycled Paper, etc.)

Segmentation on the Basis of End-use Industry:

• Wind Energy
• Aerospace
• Marine
• Transportation
• Construction
• Others (Electronics and Defense)

Segmentation on the Basis of Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa