Global Core Materials Market by focusing on Top Companies like Hexcel Corporation, EURO-COMPOSITES, The Gill Corporation, Changzhou Tiansheng New Materials Co. Ltd.

New Study On Global Core Materials Market accounted for USD 1.19 billion in 2016 and is projected to grow at a CAGR of 8.78% during the forecast period of 2017 to 2024. upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Core Materials Market By Type {Foam [PVC Foam, PET Foam, SAN Foam, Others (Polystyrene (PS), Polyetherimide (PEI), Polyurethane (PU), Polymethacrylimide (PMI))], Honeycomb (Aluminum, Thermoplastic, Aramid), Balsa)}, End Users (Aerospace, Marine, Wind Energy, Transportation, Construction, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)} – Industry Trends and Forecast to 2024

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Market Definition: 

Core materials are created in different assortments such as balsa, honeycomb, froth and aluminum, which are the materials most commonly utilized as center in composite sandwich structures. Core materials increase the thickness and firmness of composite structures for high performance products along with the with minimal weight penalty.

Competitive Analysis

The Global Core Materials Market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

Market Segmentation: 

 On the basis of type:- foam, honeycomb and balsa. Foam is further segmented into PVC foam, PET foam, SAN foam and others where, the other type of foam is sub-segmented into Polystyrene (PS), Polyetherimide (PEI), Polyurethane (PU), Polymethacrylimide (PMI). Honeycomb is sub-segmented into aluminum, thermoplastic and aramid. Foam segment is expected to lead the core materials market for composites over the forecast period.

On the basis end users:- aerospace, marine, wind energy, transportation, marine, construction and others. The wind energy segment is expected to grow in the forecasting period due to the utilization of composites in designing of blades for large wind turbines.

On the basis of geography:-

  • North America
  • South America,
  • Europe,
  • Asia-Pacific,
  • Middle East & Africa.

Some Top Countries Covered In this Report:-

  • US.,
  • Canada,
  • Germany,
  • France,
  • UK.,
  • Netherlands,
  • Switzerland,
  • Turkey,
  • Russia,
  • China,
  • India,
  • South Korea,
  • Japan,
  • Australia,
  • Singapore,
  • Saudi Arabia,
  • South Africa,
  • Brazil
  • among others.

In 2017, North America is expected to dominate the market.

Top  Market Competitors

  • Diab International AB,
  • Airex AG,
  • Hexcel Corporation,
  • EURO-COMPOSITES,
  • The Gill Corporation,
  • Plascore,
  • Gurit,
  • Changzhou Tiansheng New Materials Co. Ltd.,
  • Evonik Industries AG,
  • Armacell International S.A.
  • among others.

Major Market Drivers and Restraint:

  • Growing demand for composites from aerospace and marine industries
  • Rising demand from the wind energy industry

Market Restraint: 

  • High manufacturing cost

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