Executive Summary
The Global Core Material was valued at USD 1548.82 Million in the year 2019. The growth in Core Material market is mainly driven by growing urbanization and rapid industrialization, especially in emerging economies such as India and China, which has led to significant investment in the construction of buildings.
Core materials offer high stiffness and low-density material in sandwich composite construction. The weight reduction of the required structure with high strength makes the use of core materials vital in the wind energy end-use industry. The size of wind blades is increasing, which will drive the use of core materials in the wind blades segment.
Technological innovations have led to the discovery of new methods of manufacturing honeycombs. These methods include heated press method and vacuum bag processing. Players in the market use a cost-advantage approach for their products. Companies such as SABIC; Evonik Industries; Gurit Holdings, Inc.and Hexcel Corporation have enough capital to invest in research and development, thus giving them an opportunity to improve the quality of their products.
The global core materials market is increasing due to their rising demand from composite component manufacturers. The market growth is attributed to the growing demand for lightweight and high-performance materials in various end-use industries. Also, it is predicted that USD 13 trillion will be invested in new power generation assets up until 2050, with 77% of that allocated to renewable energy, with an average of 125 GW of installed wind capacity added each year. The wind industry basically uses three core materials: PET, balsa and PVC.
North America is the leading region in Core Material market. With the rapid advancement in the technology and growth in the construction industry, the region has seen rapid development and expansion of cities and infrastructure, which is impelling the growth of core materials market in the region.
Scope of the Report
• The report analyses the Core Material by Type (Foam, Balsa, Honeycomb)
• The report assesses the Core Material by Application (Aerospace, Wind Energy, Construction, Marine, Transportation, Others)
• The Global Core Material has been analysed By Region (North America, Europe, Asia Pacific, LAMEA) and By Country (United States, Canada, Germany, Spain, France, United Kingdom, South Korea, China, Japan, India).
• The attractiveness of the market has been presented by region, and by Type. Also, the major opportunities, trends, drivers and challenges of the industry has been analysed in the report.
• The companies analysed in the report include Hexcel Corporation, 3A Composites, Gurit Holding, Armacell International, Evonik Industries, Diab Group, Changzhou Tiansheng New Materials Co. Ltd., Plascore Incorporated, Euro Composites, The Gill Corporation
• The report presents the analysis of Core Material for the historical period 2015-2019 and the forecast period of 2020-2025.
Key Target Audience
• Core Material Vendors
• Consulting and Advisory Firms
• Government and Policy Makers
• Investment Banks and Equity Firms
• Regulatory Authorities
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Inquire Before BuyTable of Contents
1. Report Scope and Methodology
1.1 Scope of the Report
1.2 Research Methodology
1.3 Executive Summary
2. Strategic Recommendations
3. Global Core Material Market: Product Outlook
4. Global Core Material Market: Sizing and Forecast
4.1 Market Size, By Value, Year 2015-2025
4.2 Impact of COVID-19 on Global Core Material Market
5. Global Core Material Market Segmentation By Type
5.1 Competitive Scenario of Global Core Material: By Type
5.2 Foam- Market Size and Forecast (2020-2025)
5.3 Balsa- Market Size and Forecast (2020-2025)
5.4 Honeycomb- Market Size and Forecast (2020-2025)
6. Global Core Material Market Segmentation By Application
6.1 Competitive Scenario of Global Core Material: By Application
6.2 Aerospace- Market Size and Forecast (2020-2025)
6.3 Wind Energy- Market Size and Forecast (2020-2025)
6.4 Construction- Market Size and Forecast (2020-2025)
6.5 Marine- Market Size and Forecast (2020-2025)
6.6 Transportation- Market Size and Forecast (2020-2025)
6.7 Others- Market Size and Forecast (2020-2025)
7. Global Core Material Market: Regional Analysis
7.1 Competitive Scenario of Global Core Material: By Region, By Value
8. North America Core Material Market: An Analysis (2020-2025)
8.1 North America Core Material Market: Size and Forecast (2020-2025), By Value
8.2 Market Segmentation By Type(Foam, Balsa, Honeycomb)
8.3 Market Segmentation By Application(Aerospace, Wind Energy, Marine, Construction, Transportation, Others)
8.4 North America Core Material Market: Country Analysis
8.5 Competitive Scenario of North America Core Material: By Country, By Value
8.6 Market Opportunity Chart of North America Core Material Market - By Country, By Value (Year-2025)
8.7 United States Core Material Market: Size and Forecast (2020-2025), By Value
8.8 United States Core Material Market Segmentation By Type, Application
8.9 Canada Core Material Market: Size and Forecast (2020-2025), By Value
8.10 Canada Core Material Market Segmentation By Type, Application
9. Europe Core Material Market: An Analysis (2020-2025)
9.1 Europe Core Material Market: Size and Forecast (2020-2025), By Value
9.2 Market Segmentation By Type(Foam, Balsa, Honeycomb)
9.3 Market Segmentation By Application(Aerospace, Wind Energy, Marine, Construction, Transportation, Others)
9.4 Europe Core Material Market: Country Analysis
9.5 Competitive Scenario of Europe Core Material: By Country, By Value
9.6 Market Opportunity Chart of Europe Core Material Market - By Country, By Value (Year-2025)
9.7 Germany Core Material Market: Size and Forecast (2020-2025), By Value
9.8 Germany Core Material Market Segmentation By Type, Application
9.9 Spain Core Material Market: Size and Forecast (2020-2025), By Value
9.10 Spain Core Material Market Segmentation By Type, Application
9.11 France Core Material Market: Size and Forecast (2020-2025), By Value
9.12 France Core Material Market Segmentation By Type, Application
9.13 United Kingdom Core Material Market: Size and Forecast (2020-2025), By Value
9.14 United Kingdom Core Material Market Segmentation By Type, Application
10. Asia Pacific Core Material Market: An Analysis (2020-2025)
10.1 Asia Pacific Core Material Market: Size and Forecast (2020-2025), By Value
10.2 Market Segmentation By Type(Foam, Balsa, Honeycomb)
10.3 Market Segmentation By Application(Aerospace, Wind Energy, Marine, Construction, Transportation, Others)
10.4 Asia Pacific Core Material Market: Country Analysis
10.5 Competitive Scenario of Asia Pacific Core Material: By Country, By Value
10.6 Market Opportunity Chart of Asia Pacific Core Material Market - By Country, By Value (Year-2025)
10.7 China Core Material Market: Size and Forecast (2020-2025), By Value
10.8 China Core Material Market Segmentation By Type, Application
10.9 Japan Core Material Market: Size and Forecast (2020-2025), By Value
10.10 Japan Core Material Market Segmentation By Type, Application
10.11 India Core Material Market: Size and Forecast (2020-2025), By Value
10.12 India Core Material Market Segmentation By Type, Application
10.13 South Korea Core Material Market: Size and Forecast (2020-2025), By Value
10.14 South Korea Core Material Market Segmentation By Type, Application
11. Global Core Material Market Dynamics
11.1 Global Core Material Market Drivers
11.2 Global Core Material Market Restraints
11.3 Global Core Material Market Trends
12. Market Attractiveness and Strategic Analysis
12.1.1 Market Attractiveness Chart of Global Core Material Market - By Type, By Value
12.1.2 Market Attractiveness Chart of Global Core Material Market - By Region, By Value
12.2 Strategic Analysis
12.2.1 Key Developments in Core Material Market
12.2.2 Mergers and Acquisitions
13. Competitive Landscape
14. Company Profiles (Business Description, Financial Analysis, Business Strategy)
14.1 Diab Group
14.2 Hexcel Corporation
14.3 3A Composites
14.4 The Gill Corporation
14.5 Gurit Holding
14.6 Armacell International
14.7 Evonik Industries
14.8 Euro Composites
14.9 Plascore Incorporated
14.10 Changzhou Tiansheng New Materials Co. Ltd.
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