Structural Core Materials Market –Industry Analysis and Forecast (2017-2026) _ by Type (Foam, Honeycomb and Balsa), by Outer Skin Type (GFRP, CFRP, NFRP and Others), by End-use Industry and by Geography.
Structural Core Materials Market is expected to reach USD 3.37 Billion by 2026 from USD 1.44 Billion in 2016 at a CAGR of 8.9%.
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The increasing demand for structural core materials from the wind energy industry, aerospace industry and marine industry is the major factor fuelling the market growth globally to increase stiffness and reduce the weight of a composite structure.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2026 to enable the stakeholders to capitalize on the prevailing market opportunities, market analysis and comprehensive segmentation with respect to the type, outer skin type, end-use industry, and geography to assist in strategic business planning.
The increasing demand from wind energy industry and rising use of composites in the aerospace industry is expected to propel market growth during the forecast period.
The GFRP segment is expected to witness significant market growth:
This is due to extensive use of GFRP in wind turbine blades owing to its properties such as rigidity, high strength-to-weight ratio, corrosion resistivity and good tensile strength.
North America is expected to hold the largest shares of the market during the forecast period:
This is due to large demand for honeycomb core materials from the wind energy and aerospace end-use industries.
Structural Core Materials Market, by Type: Foam, Honeycomb and Balsa
Structural Core Materials Market, by Outer Skin Type: GFRP, CFRP and NFRP
Structural Core Materials Market, by End-use Industry: Aerospace, Wind Energy, Marine, Transportation and Construction
Structural Core Materials Market, by Geography: North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Some of them operating in the market are given underneath:
• 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)
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