What is the future of Core Materials Market? Know Covid Impact on Size, Share & Forecasts
June 19, 2020
The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Core Materials Market.
It was estimated prior to this unanticipated outbreak that the Core Materials Market was expected to reach estimated to grow at a CAGR of 9.2% during the forecast period. However, the gradual slowing down of industries will undoubtedly impose limits on the previously estimated growth rate.
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Core Materials for Composites are known to be materials with low strength. But due to their higher thickness offers higher stiffness even with lower density.
Core Materials with Composites can be of various types such as foam, honeycomb, or balsa. They are used mostly in aerospace, wind energy, marine, transportation, construction, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as foam, honeycomb, and balsa. Foam is estimated to be fast growing segment in the coming five years. Rapid progression of wind energy industry and wind turbine blade manufacturing drives the growth of this segment.
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.
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.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Core Materials Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- 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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