Core Materials Market to experience an impressive growth of 9.2% during 2020-2025
January 30, 2020
Core Materials Market for Composites is likely to witness an impressive CAGR of 9.2% during the forecast period. Growing manufacturing industries, increasing patents by companies, and new product unveilings are the factors that are underpinning the growth of the core materials market for composites globally.
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Core Materials Market Segment Insights:
By Type:
Based on the type, the market is segmented as foam, honeycomb, and balsa. Foam is estimated to be the fastest-growing segment in the coming five years. Rapid progression of wind energy industry and wind turbine blade manufacturing drives the growth of this segment.
By End-Use Industry Type:
Based on the end-user type, the market is segmented as aerospace, wind energy, marine, transportation, construction, and others. The wind energy segment is estimated to lead the market during the forecast period. The growth is attributed to the high demand for core materials for composites by various end-use industries such as wind energy for designing and manufacturing of blades for large wind turbines.
By Region:
In terms of regions, North America dominated the market for core materials for composites in 2018. The region is also expected to retain its dominance during the forecast period. The market is sustained by the growing demand for core materials for composites by various end-use industries, especially by the wind energy industry. Asia-Pacific is also expected to offer considerable growth opportunities during the forecast period. China and India are the growth engines of the region.
Key Players:
Some of the core materials for composite manufacturers are Diab Group, Evonik Industries AG, Gurit Holding AG, Hexcel Corporation, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd., The Gill Corporation, Euro-Composites S.A., Plascore Incorporated, and BASF SE.
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- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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