Global Structural Core Materials Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Structural Core Materials Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global 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
Structural core materials are used in infrastructure, aircraft, automotive, military, and corrosion resistant equipments. 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
Rising demand for clean energy across the globe is a key factor expected to drive growth of the global structural core materials market over the long run. Additionally, increasing use of honeycomb core materials in automotive and aerospace industries owing to its lightweight, high stiffness, and other properties is another factor anticipated to fuel growth of the target market to a certain extent. Furthermore, increasing demand for these materials in various end-use industries such as packaging, construction, electronic, and marine, owing to corrosion resistant, good thermal stability, and dielectric properties is among some other factors estimated to fuel growth of the structural core materials market over the long run.
However, high capital and operating cost is a major factor which may restrain growth of the target market over the long run. In addition, stringent government regulations towards carbon emissions is projected to be another factor restraining 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 manufactures 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 blade coupled with growing renewable energy resources in emerging economies.
Among outer skin type, the glass fiber reinforced polymer segment is expected to register for highest growth in terms of revenue in the potential market.
Among end-use industry, the wind energy segment is anticipated to account for significant revenue share in the target market over the long run, owing to increasing demand for clean energy across the globe.
Global Structural Core Materials Market: Regional Analysis
Currently, North America 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 growth of the North America structural core materials market. The structural core materials market in 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. Europe market is anticipated to account for moderate revenue share in the target market.
Global Structural Core Materials Market Segmentation:
Segmentation on the Basis of Product Type:
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
- Others (Electronics and Defense)
Segmentation on the Basis of Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- DIAB Group AB
- Evonik Industries AG
- Gurit Holding AG
- Schweiter Technologies AG
- Hexcel Corporation
- Armacell International Holding GmbH
- Changzhou Tiansheng New Materials Co. Ltd.
- The Gill Corporation
- Euro-Composites S.A.
- Plascore, Inc.
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