Core Materials - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Core Materials Market is accounted for $1.07 billion in 2019 and is expected to reach $3.40 billion by 2027 growing at a CAGR of 15.5% during the forecast period. Increasing use of composites in the aerospace industry and increasing demand from the wind energy are the major factors propelling the market growth. However, impact of COVID-19 on various end-use industries is hampering the market growth.
Core materials are the materials used in aerospace and wind energy equipment to enhance the strength of the materials. Core materials are normally low strength materials; however, its greater thickness offers the sandwich composite a high bending stiffness with low density. Core materials are used in a wide range of industries including marine, wind energy, and automotive.
Based on the end user, the aerospace & defense segment is estimated to have a lucrative growth due to the high demand for lightweight materials in the aerospace sector. Core materials played a major role in weight reduction in both, structural applications and components in aircraft.
By geography, Asia Pacific is likely to have a huge demand owing to the improved wind energy installation and increased transportation sector in the China. Moreover, the growing economies of China and India, and the presence of prominent players is expected to drive the market growth.
Some of the key players profiled in the Core Materials Market include Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd, DIAB Group, Euro-Composites S.A., Evonik Industries, Gurit Holdings, Hexcel Corporation, Plascore Inc., The Gill Corporation, 3A Composites, Engineered Syntactic Systems, Schweiter Technologies, and SAERTEX.
End Users Covered:
• Aerospace & Defense
• Automotive & Transportation
• Marine & Consumer Goods
• Wind Energy
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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