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Core Materials Market to Reach USD 2,744.4 Million By 2027 | Key Players: Gurit, Euro-Composites SA, DIAB Group, Armacell, Plascore Inc., and others

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Core Materials Market to Reach USD 2,744.4 Million By 2027 | Key Players: Gurit, Euro-Composites SA, DIAB Group, Armacell, Plascore Inc., and others

May 07
07:56 2021
Core Materials Market to Reach USD 2,744.4 Million By 2027 | Key Players: Gurit, Euro-Composites SA, DIAB Group, Armacell, Plascore Inc., and others

Reports And Data
Growing demand for core materials from the wind energy industry is a significant factor influencing the growth of the market.
Core Materials Market Size – USD 1,106.5 Million in 2019, Market Growth – at a CAGR of 11.9%, Market Trends –Technological advancements in core materials

The global core materials market is forecast to reach a market size of USD 2,744.4 Million by 2027, and register a significantly high revenue growth rate over the next seven years, according to a latest report by Reports and Data. Growing demand for core materials can be attributed to rising demand from the wind energy industry. Core materials are used to reduce the structural weight and impart high strength to wind turbines. Rising demand for emissions-free and renewable wind energy is creating demand for larger turbine blades as longer turbine blades are capable of sweeping a larger area and generate more energy per kilo hour at reduced cost. Also, larger turbines can harvest slow moving wind. Core material producers are emphasizing on core material to assist large wind turbine manufacturers in design optimization.

The COVID-19 impact

The COVID-19 pandemic had a severe impact on core materials market. Global shutdown of the manufacturing industry, including aerospace, automotive, and construction and supply chain disruption has caused a decline in core materials demand. As the situation improves gradually however, demand and supply gaps are expected to be bridged, and regular operations are expected to be resumed.

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Further key findings in the report

  • By type, honeycomb segment revenue is projected to register the fastest growth rate during the forecast period, owing to its beneficial properties, such as excellent strength to weight ratio, high durability, corrosion resistance, fire and temperature resistance, fungus resistance, and easy machinability. Moreover, aluminum honeycomb materials offer an extremely high strength to weight ratios than other core materials.
  • Use of relatively strong and thin face sheets attached to lightweight and thicker core materials in the industrial sector enable production of more lightweight, durable, and sturdy structures that would not be possible otherwise.
  • Increasing emphasis by market players in new product innovations is another factor driving market growth. In February 2018 for instance, EconCore announced the final phase of validation testing of lightweight, high performance thermoplastic honeycomb composite cores.
  • Core materials market in Asia Pacific contributed largest revenue share to the global market in 2019, owing to increasing demand for high performance materials for manufacturing turbine blades for the wind energy industry in countries in the region. Besides, increasing growth of aerospace and marine industries in countries in the region is expected to continue to drive market growth.
  • Key market participants include Hexcel Corporation, 3A Composites, the Gill Corporation, Evonik Industries, Gurit, Euro-Composites SA, DIAB Group, Armacell, Plascore Inc., and BASF SE.

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For the purpose of this report, Reports and Data has segmented the global core materials market on the basis of type, industry vertical, and region:

Type Outlook (Revenue, USD Million; 2017–2027)

  • Foam
  • Honeycomb
  • Balsa

Industry Vertical Outlook (Revenue, USD Million; 2017–2027)

  • Wind Energy
  • Aerospace & Defense
  • Automotive
  • Marine
  • Industrial
  • Building & Construction
  • Others

Regional Outlook (Revenue, USD Million; 2017–2027)

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • Latin America

To identify the key trends in the industry, click on the link below:  https://www.reportsanddata.com/report-detail/core-materials-market

Table of Content:

Chapter 1.    Market Synopsis
    1.1.    Market Definition
    1.2.    Research Scope & Premise
    1.3.    Methodology
    1.4.    Market Estimation Technique
Chapter 2.    Executive Summary
    2.1.    Summary Snapshot, 2019-2027
Chapter 3.    Indicative Metrics
Chapter 4.    Core Materials Market Segmentation & Impact Analysis
    4.1.    Core Materials Market Material Segmentation Analysis
    4.2.    Industrial Outlook
          4.2.1.    Market indicators analysis
          4.2.2.    Market drivers’ analysis
                  4.2.2.1.    Growth of the aerospace industry
                  4.2.2.2.    Growing demand for core materials from the wind energy 
                  4.2.2.3.    Technological advancements
                  4.2.2.4.    Growing demand from the APAC region
         4.2.3.    Market restraints analysis
                  4.2.3.1.    High initial investment cost
    4.3.    Technological Insights
    4.4.    Regulatory Framework
    4.5.    ETOP Analysis
    4.6.    Porter’s Five Forces Analysis
    4.7.    Competitive Metric Space Analysis
    4.8.    Price trend Analysis
    4.9.    Customer Mapping
    4.10.    Covid-19 Impact Analysis
    4.11.    Global Recession Influence
Chapter 5.    Core Materials Market By Type Insights & Trends
    5.1.    Type Dynamics & Market Share, 2019 & 2027
    5.2.    Foam
          5.2.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          5.2.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    5.3.    Honeycomb
           5.3.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
           5.3.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    5.4.    Balsa
           5.4.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
           5.4.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
Chapter 6.    Core Materials Market By Industry Vertical Insights & Trends
    6.1.    Industry Vertical Dynamics & Market Share, 2019 & 2027
    6.2.    Wind Energy
          6.2.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          6.2.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    6.3.    Aerospace & Defense
            6.3.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
            6.3.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    6.4.    Automotive
          6.4.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          6.4.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
   6.5.    Marine
          6.5.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          6.5.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    6.6.    Industrial
          6.6.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          6.6.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    6.7.    Building & Construction
           6.7.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
           6.7.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    6.8.    Others
          6.8.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          6.8.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
Chapter 7.    Core Materials Market By End-Use Insights & Trends
    7.1.    End-Use Dynamics & Market Share, 2019 & 2027
    7.2.    Cloud Providers
          7.2.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          7.2.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    7.3.    Colocation Providers
           7.3.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
           7.3.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
    7.4.    Enterprises
          7.4.1.    Market estimates and forecast, 2017 – 2027 (USD Million) 
          7.4.2.    Market estimates and forecast, By Region, 2017 – 2027 (USD Million)
Chapter 8.    Core Materials Market Regional Outlook
    8.1.    Core Materials Market share By Region, 2019 & 2027
    8.2.    North America
          8.2.1.    North America Core Materials Market estimates and forecast, 2017 – 2027, (USD Million) 
          8.2.2.    North America Core Materials Market estimates and forecast By Offering, 2017–2027, (USD Million) 
          8.2.3.    North America Core Materials Market estimates and forecast by Industry Vertical, 2017–2027, (USD Million)
          8.2.4.    North America Core Materials Market estimates and forecast by End-Use, 2017–2027, (USD Million)
          8.2.5.    U.S.
                  8.2.5.1.    U.S. Core Materials Market estimates and forecast, 2017 – 2027, (USD Million) 
                  8.2.5.2.    U.S. Core Materials Market estimates and forecast By Offering, 2017–2027, (USD Million) 
                  8.2.5.3.    U.S. Core Materials Market estimates and forecast by Industry Vertical, 2017–2027, (USD Million)
                  8.2.5.4.    U.S. Core Materials Market estimates and forecast by End-Use, 2017–2027, (USD Million)
          8.2.6.    Canada
                  8.2.6.1.    Canada Core Materials Market estimates and forecast, 2017 – 2027, (USD Million) 
                  8.2.6.2.    Canada Core Materials Market estimates and forecast By Offering, 2017–2027, (USD Million) 
                  8.2.6.3.    Canada Core Materials Market estimates and forecast by Industry Vertical, 2017–2027, (USD Million)
                  8.2.6.4.    Canada Core Materials Market estimates and forecast by End-Use, 2017–2027, (USD Million)
    8.3.    Europe
           8.3.1.    Europe Core Materials Market estimates and forecast, 2017 – 2027, (USD Million) 
           8.3.2.    Europe Core Materials Market estimates and forecast By Offering, 2017–2027, (USD Million) 
           8.3.3.    Europe Core Materials Market estimates and forecast by Industry Vertical, 2017–2027, (USD Million)
           8.3.4.    Europe Core Materials Market estimates and forecast by End-Use, 2017–2027, (USD Million)
           8.3.5.    Germany
                    8.3.5.1.    Germany Core Materials Market estimates and forecast, 2017 – 2027, (USD Million) 
                    8.3.5.2.    Germany Core Materials Market estimates and forecast By Offering, 2017–2027, (USD Million) 
                     8.3.5.3.    Germany Core Materials Market estimates and forecast by Industry Vertical, 2017–2027, (USD Million)
                    8.3.5.4.    Germany Core Materials Market estimates and forecast by End-Use, 2017–2027, (USD Million)
          8.3.6.    U.K.
                   8.3.6.1.    U.K. Core Materials Market estimates and forecast, 2017 – 2027, (USD Million) 
                   8.3.6.2.    U.K. Core Materials Market estimates and forecast By Offering, 2017–2027, (USD Million) 
                   8.3.6.3.    U.K. Core Materials Market estimates and forecast by Industry Vertical, 2017–2027, (USD Million)
                   8.3.6.4.    U.K. Core Materials Market estimates and forecast

Chapter 9.    Competitive Landscape
    9.1.    Market Revenue Share By Manufacturers
    9.2.    Manufacturing Cost Breakdown Analysis
    9.3.    Mergers & Acquisitions
    9.4.    Market positioning
    9.5.    Strategy Benchmarking
    9.6.    Vendor Landscape
Chapter 10.     Company Profiles                    
    10.1.    Hexcel Corporation
            10.1.1.    Company Overview
            10.1.2.    Financial Performance
            10.1.3.    Technology Insights
            10.1.4.    Strategic Initiatives
    10.2.    3A Composites
             10.2.1.    Company Overview
             10.2.2.    Financial Performance
             10.2.3.    Technology Insights
            10.2.4.    Strategic Initiatives
    10.3.    The Gill Corporation
             10.3.1.    Company Overview
             10.3.2.    Financial Performance
             10.3.3.    Technology Insights
             10.3.4.    Strategic Initiatives
    10.4.    Evonik Industries
             10.4.1.    Company Overview
             10.4.2.    Financial Performance
             10.4.3.    Technology Insights
             10.4.4.    Strategic Initiatives
    10.5.    Gurit 
            10.5.1.    Company Overview

 

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