Structural Core Materials Market
Structural Core Materials Market Forecasts to 2030 - Global Analysis By Material (Foam Core Materials, Honeycomb Core Materials, Balsa Wood Core and Other Materials), Form, Manufacturing Process, Application, End User and By Geography
According to Stratistics MRC, the Global Structural Core Materials Market is accounted for $1.25 billion in 2024 and is expected to reach $2.35 billion by 2030 growing at a CAGR of 7.1% during the forecast period. Structural core materials are lightweight materials used in composite sandwich structures to enhance strength and rigidity without adding significant weight. Typically placed between two thin, strong face sheets, these cores act as a stabilizer, distributing loads evenly across the structure. Their main function is to improve strength-to-weight ratios and structural stability.
According to the United States Census Bureau, total construction spending in the U.S. was USD 1,191,812 in 2016 which increased to 1,246,000 by the end of 2017.
Market Dynamics:
Driver:
Growing demand in aerospace and automotive industries
In aerospace, reducing weight is crucial for improving flight efficiency and lowering operational costs, leading to increased adoption of advanced composites with structural cores. Similarly, the automotive sector is focusing on lightweight designs to meet stringent emissions regulations and improve energy efficiency. This demand drives innovation and investment in the development of advanced core materials, such as honeycomb and foam cores, further accelerating market growth in these industries.
Restraint:
Stringent environmental and safety regulations
Stringent environmental and safety regulations in the structural core materials are primarily driven by the need to mitigate environmental impact, ensure worker safety, and promote sustainable practices. These regulations often require extensive testing and certification, increasing compliance costs for manufacturers. Additionally, the complexity of adhering to various international standards can lead to delays in product development and market entry. Consequently, these regulatory challenges can hamper market growth by slowing down the adoption of new materials and technologies.
Opportunity:
Rising focus on sustainability
As businesses increasingly prioritize environmental responsibility, the shift towards lightweight, recyclable materials, such as bio-based composites and recycled core materials, has gained traction. This demand aligns with global initiatives aimed at reducing carbon footprints and promoting green building practices. Additionally, sustainable materials often offer improved performance characteristics, making them attractive for applications in aerospace, automotive, and construction. This trend fosters innovation, encouraging manufacturers to develop advanced materials that meet performance and sustainability criteria, thereby expanding market opportunities.
Threat:
High initial costs
High initial costs in structural core materials arise from advanced manufacturing processes, specialized raw materials, and stringent quality control measures required for production. These expenses make it challenging for manufacturers to offer competitive pricing, particularly in cost-sensitive industries like construction and automotive. Additionally, the need for specialized equipment and skilled labor further contributes to the overall costs. This financial barrier can deter potential buyers from adopting these materials, limiting market growth.
Covid-19 Impact
The covid-19 pandemic disrupted the structural core materials market, primarily through supply chain delays, labor shortages, and reduced manufacturing activities, especially in key sectors like aerospace and automotive. Lockdowns and travel restrictions led to a temporary decline in demand as major industries slowed production. However, as economies recover, demand for lightweight materials in renewable energy, automotive, and construction sectors are rebounding. The pandemic also accelerated trends toward sustainability and local sourcing, influencing future innovations and supply chain resilience in the market.
The balsa wood core segment is expected to be the largest during the forecast period
The balsa wood core segment is predicted to secure the largest market share throughout the forecast period. Balsa wood core are lightweight, high-strength components widely used in composite sandwich structures. Known for their excellent strength-to-weight ratio, balsa wood is an ideal core material for applications in aerospace, marine, and automotive industries. Balsa is also renewable and sustainable, contributing to eco-friendly building practices. The ease of machining and shaping further enhances its appeal in the production of advanced composite materials.
The construction segment is expected to have the highest CAGR during the forecast period
The construction segment is anticipated to witness the highest CAGR during the forecast period owing to its enhanced strength and durability. These materials are ideal for walls, roofs, and floors, contributing to energy efficiency and reduced material usage. The versatility of structural core materials allows for innovative architectural designs and faster construction processes. Their use aligns with sustainable building practices, promoting eco-friendly and resilient structures in modern construction projects.
Region with largest share:
Asia Pacific is expected to register the largest market share during the forecast period due to rising demand in industries like aerospace, automotive, and construction. Countries such as China, India, and Japan are leading the market, driven by increasing infrastructure development and automotive production. Additionally, the growing adoption of advanced composite materials in various applications is propelling market expansion. Key players are investing in research and development to innovate and meet evolving consumer needs in this dynamic landscape.
Region with highest CAGR:
North America is projected to witness the highest CAGR over the forecast period driven by the aerospace and automotive sectors. The United States and Canada are key markets, with significant investments in advanced manufacturing technologies and research initiatives. Sustainability trends are also influencing material selection, leading to innovations in eco-friendly core materials and recycling practices. Additionally, the increasing adoption of composite materials in construction and renewable energy applications, such as wind turbine blades, is further fueling market expansion.
Key players in the market
Some of the key players profiled in the Structural Core Materials Market include Evonik Industries AG, Hexcel Corporation, Armacell International S.A., 3A Composites, Diab Group, The Gill Corporation, SABIC, Gurit Holding AG, BASF SE, Toray Industries, Inc., Mitsubishi Chemical Corporation, Schweiter Technologies, Plascore Incorporated, CoreLite Inc., Euro-Composites S.A. and Nida-Core Corporation.
Key Developments:
In September 2024, Gurit Holding introduced a new balsa wood core material designed specifically for wind turbine blades. This material offers improved strength-to-weight ratios, which are crucial for reducing the weight of large wind turbine blades, enhancing efficiency and longevity. Gurit’s core materials have become a competitive choice due to their sustainable sourcing and compatibility with various composite manufacturing processes.
In August 2024, Diab Group launched a foam core material for use in aerospace components. The material’s lightweight and high strength properties make it ideal for use in airplane fuselages, wings, and other structures where weight reduction is essential for fuel efficiency and emissions reduction.
Materials Covered:
• Foam Core Materials
• Honeycomb Core Materials
• Balsa Wood Core
• Other Materials
Forms Covered:
• Sheets
• Blocks
• Custom Shapes
• Other Forms
Manufacturing Processes Covered:
• Vacuum Bagging
• Resin Infusion
• Prepreg Layup
• Hand Lay-Up
• Autoclave
• Other Manufacturing Processes
Applications Covered:
• Interior Parts
• Exterior Parts
• Sandwich Panels
• Other Applications
End Users Covered:
• Aerospace
• Marine
• Transportation
• Construction
• Automotive
• Sports & Leisure
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2022, 2023, 2024, 2026, and 2030
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
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
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Structural Core Materials Market, By Material
5.1 Introduction
5.2 Foam Core Materials
5.2.1 Polyvinyl Chloride (PVC)
5.2.2 Polyethylene Terephthalate (PET)
5.2.3 Styrene Acrylonitrile (SAN)
5.2.4 Polymethacrylimide (PMI)
5.2.5 Polyurethane (PU)
5.3 Honeycomb Core Materials
5.3.1 Aluminum Honeycomb
5.3.2 Aramid Honeycomb
5.3.3 Thermoplastic Honeycomb
5.4 Balsa Wood Core
5.5 Other Materials
6 Global Structural Core Materials Market, By Form
6.1 Introduction
6.2 Sheets
6.3 Blocks
6.4 Custom Shapes
6.5 Other Forms
7 Global Structural Core Materials Market, By Manufacturing Process
7.1 Introduction
7.2 Vacuum Bagging
7.3 Resin Infusion
7.4 Prepreg Layup
7.5 Hand Lay-Up
7.6 Autoclave
7.7 Other Manufacturing Processes
8 Global Structural Core Materials Market, By Application
8.1 Introduction
8.2 Interior Parts
8.3 Exterior Parts
8.4 Sandwich Panels
8.5 Other Applications
9 Global Structural Core Materials Market, By End User
9.1 Introduction
9.2 Aerospace
9.3 Marine
9.4 Transportation
9.5 Construction
9.6 Automotive
9.7 Sports & Leisure
9.8 Other End Users
10 Global Structural Core Materials Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Evonik Industries AG
12.2 Hexcel Corporation
12.3 Armacell International S.A.
12.4 3A Composites
12.5 Diab Group
12.6 The Gill Corporation
12.7 SABIC
12.8 Gurit Holding AG
12.9 BASF SE
12.10 Toray Industries, Inc.
12.11 Mitsubishi Chemical Corporation
12.12 Schweiter Technologies
12.13 Plascore Incorporated
12.14 CoreLite Inc.
12.15 Euro-Composites S.A.
12.16 Nida-Core Corporation
List of Tables
1 Global Structural Core Materials Market Outlook, By Region (2022-2030) ($MN)
2 Global Structural Core Materials Market Outlook, By Material (2022-2030) ($MN)
3 Global Structural Core Materials Market Outlook, By Foam Core Materials (2022-2030) ($MN)
4 Global Structural Core Materials Market Outlook, By Polyvinyl Chloride (PVC) (2022-2030) ($MN)
5 Global Structural Core Materials Market Outlook, By Polyethylene Terephthalate (PET) (2022-2030) ($MN)
6 Global Structural Core Materials Market Outlook, By Styrene Acrylonitrile (SAN) (2022-2030) ($MN)
7 Global Structural Core Materials Market Outlook, By Polymethacrylimide (PMI) (2022-2030) ($MN)
8 Global Structural Core Materials Market Outlook, By Polyurethane (PU) (2022-2030) ($MN)
9 Global Structural Core Materials Market Outlook, By Honeycomb Core Materials (2022-2030) ($MN)
10 Global Structural Core Materials Market Outlook, By Aluminum Honeycomb (2022-2030) ($MN)
11 Global Structural Core Materials Market Outlook, By Aramid Honeycomb (2022-2030) ($MN)
12 Global Structural Core Materials Market Outlook, By Thermoplastic Honeycomb (2022-2030) ($MN)
13 Global Structural Core Materials Market Outlook, By Balsa Wood Core (2022-2030) ($MN)
14 Global Structural Core Materials Market Outlook, By Other Materials (2022-2030) ($MN)
15 Global Structural Core Materials Market Outlook, By Form (2022-2030) ($MN)
16 Global Structural Core Materials Market Outlook, By Sheets (2022-2030) ($MN)
17 Global Structural Core Materials Market Outlook, By Blocks (2022-2030) ($MN)
18 Global Structural Core Materials Market Outlook, By Custom Shapes (2022-2030) ($MN)
19 Global Structural Core Materials Market Outlook, By Other Forms (2022-2030) ($MN)
20 Global Structural Core Materials Market Outlook, By Manufacturing Process (2022-2030) ($MN)
21 Global Structural Core Materials Market Outlook, By Vacuum Bagging (2022-2030) ($MN)
22 Global Structural Core Materials Market Outlook, By Resin Infusion (2022-2030) ($MN)
23 Global Structural Core Materials Market Outlook, By Prepreg Layup (2022-2030) ($MN)
24 Global Structural Core Materials Market Outlook, By Hand Lay-Up (2022-2030) ($MN)
25 Global Structural Core Materials Market Outlook, By Autoclave (2022-2030) ($MN)
26 Global Structural Core Materials Market Outlook, By Other Manufacturing Processes (2022-2030) ($MN)
27 Global Structural Core Materials Market Outlook, By Application (2022-2030) ($MN)
28 Global Structural Core Materials Market Outlook, By Interior Parts (2022-2030) ($MN)
29 Global Structural Core Materials Market Outlook, By Exterior Parts (2022-2030) ($MN)
30 Global Structural Core Materials Market Outlook, By Sandwich Panels (2022-2030) ($MN)
31 Global Structural Core Materials Market Outlook, By Other Applications (2022-2030) ($MN)
32 Global Structural Core Materials Market Outlook, By End User (2022-2030) ($MN)
33 Global Structural Core Materials Market Outlook, By Aerospace (2022-2030) ($MN)
34 Global Structural Core Materials Market Outlook, By Marine (2022-2030) ($MN)
35 Global Structural Core Materials Market Outlook, By Transportation (2022-2030) ($MN)
36 Global Structural Core Materials Market Outlook, By Construction (2022-2030) ($MN)
37 Global Structural Core Materials Market Outlook, By Automotive (2022-2030) ($MN)
38 Global Structural Core Materials Market Outlook, By Sports & Leisure (2022-2030) ($MN)
39 Global Structural Core Materials Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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