Structural Core Materials Market by Type, Outer Skin Type, End-Use Industry, and Region - Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Structural Core Materials Market is expected to grow at a CAGR of 9.2% during the forecast period. Global Structural Core Materials Market is expected to reach USD 4.49 Bn by 2030.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Structural Core Materials Market Dynamics:
Escalating demand for structural core materials from the wind energy industry, aerospace industry, and marine industry is the major factor fuelling the market growth. The structural core materials market is widely used to increase stiffness and reduce the weight of a composite structure. This drives the market for structural core material market. The rapid expansion of the aerospace and automotive industries is boosting the demand for structural core materials.
Structural Core Materials Market Segment Analysis:
The structural core materials market based on type has been segmented into foam, honeycomb, and balsa. Foam is expected to be one of the major contributors to the market for structural core materials. It increases strength and stiffness by keeping composite and non-composite structures lightweight.
The structural core materials market based on outer skin type has been segmented into glass fibre reinforced polymer, carbon fibre reinforced polymer, and natural fibre reinforced polymer, and others. Glass fibre reinforced polymer segment is expected to grow at a high CAGR during the forecast period. This is due to the extensive use of glass fibre reinforced polymer in wind turbine blades owing to its properties such as rigidity, high strength-to-weight ratio, corrosion resistivity, and good tensile strength.
The structural core materials market based on the end-use industry has been segmented into aerospace, wind energy, marine, transportation, construction, and others. The wind energy end-use industry is expected to hold one of the largest shares of the markets for structural core materials. This is due to the large use of composites for blades of large wind turbines that are made by combining structural core materials.
Structural Core Materials Market Regional Insights:
Geographically, North America is expected to be one of the largest markets for structural core materials during the forecast period. This is due to the large demand for honeycomb core materials from the wind energy and aerospace end-use industries.
Structural Core Materials Market Key Highlights:
• Global Structural Core Materials Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Structural Core Materials Market
• Global Structural Core Materials Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Structural Core Materials Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Structural Core Materials Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Structural Core Materials Market are also profiled.
Structural Core Materials Market Scope: Inquire before buying
| Structural Core Materials Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 2.42 Bn. |
| Forecast Period 2024 to 2030 CAGR: | 9.2% | Market Size in 2030: | USD 4.49 Bn. |
| Segments Covered: | by Type | Foam Honeycomb Balsa |
|
| by Outer Skin Type | Glass fiber reinforced polymer (GFRP) Carbon fiber reinforced polymer (CFRP) Natural fiber reinforced polymer (NFRP) Others |
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| by End-use Industry | Aerospace Wind Energy Marine Transportation Construction Others |
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Structural Core Materials Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Structural Core Materials Market Key Players
1. Diab Group (Sweden)
2. Hexcel Corporation (US)
3. Schweiter Technologies (Switzerland)
4. Evonik Industries (Germany)
5. Gurit Holding (Switzerland)
6. Armacell International (Luxembourg)
7. The Gill Corporation (US)
8. Changzhou Tiansheng New Materials (China)
9. BASF SE
10. Corelite
11. Plascore
12. SABIC
13. Rockwell Collins, Inc.
14. Gurit Holding AG
15. Matrix Composite Materials Company Ltd.,
16. I-Core Composites
17. Composite Essential Materials (Nida Core)
18. Baoding Meiwo Science & Technology Development Co., Ltd.
19. Verdane
20. Airex AG,
21. Composites One
Frequently Asked Questions:
1. Which region has the largest share in Global Structural Core Materials Market?
Ans: North America region held the highest share in 2023.
2. What is the growth rate of Global Structural Core Materials Market?
Ans: The Global Structural Core Materials Market is growing at a CAGR of 9.2% during forecasting period 2024-2030.
3. What is scope of the Global Structural Core Materials Market report?
Ans: Global Structural Core Materials Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.
4. Who are the key players in Global Structural Core Materials Market?
Ans: The important key players in the Global Structural Core Materials Market are – Diab Group (Sweden), Hexcel Corporation (US), Schweiter Technologies (Switzerland), Evonik Industries (Germany), Gurit Holding (Switzerland), Armacell International (Luxembourg), The Gill Corporation (US), Changzhou Tiansheng New Materials (China), BASF SE, Corelite, Plascore, SABIC, Rockwell Collins, Inc., Gurit Holding AG, Matrix Composite Materials Company Ltd.,, I-Core Composites, Composite Essential Materials (Nida Core), Baoding Meiwo Science & Technology Development Co., Ltd., Verdane, Airex AG,, Composites One,, Saertex GmbH & Co. KG., Euro-Composites,,
5. What is the study period of this Market?
Ans: The Global Structural Core Materials Market is studied from 2023 to 2030.