Core Materials Market are segmented by type (foam, honeycomb, balsa), by end-use industry (aerospace, wind energy, marine, transportation, construction, others), by region (North America, Europe, Asia-Pacific, South America, Middle East & Africa).
Wind energy segment is expected to hold the maximum market share in Core Materials Market during the forecast period.
On the basis of end-user, the wind energy segment is expected to grow at the highest rate between 2017 and 2026. On account of the use of composites in designing blades for large wind turbines. These blades are prepared by combining core materials and glass reinforced polyester/epoxy. The regeneration of Production Tax Credit (PTC) in the U.S. has aided the wind energy market to grow, which help to drive the core materials market for composites. The wind energy segment is projected to grow because of the growing demand for clean energy across the globe.
Foam segment is expected to hold the maximum market share in Core Materials Market during the forecast period
Based on type, froam is projected to be the fastest-growing type segment of the core materials market for composites. Foam core imparts strength and stiffness while keeping the composite structure lightweight. Rapid growth in the wind energy industry, wind turbine blade manufacturing, and emergence of China and other Asian countries as major wind energy producers are factors driving the consumption of foam core, by helping to drive the core materials market for composites at a significant pace.
North America is expected hold the maximum market share in Core Materials Market followed by APAC during the forecast period:
Among the regions, the market in the North America region held the highest share in 2017, contributing about XX% of the total market, and it is expected to continue during the forecast period. On account of the increasing use of Structural Core Materials in the aerospace and automobile sector. The Structural core materials market in the APAC region is expected to be the fastest growing because of the automobile base being shifted to this region and initiatives taken by the government for generating renewable energy.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the core materials market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global core materials market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain core materials market positioning of competitors.
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