Core Materials Market Growth, Trend, Size, Share, Top Key Players and Forecast Till 2028
The global core materials market size is expected to reach USD 3,288.1 Million at a revenue CAGR of 13.2% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the core materials market can be attributed to rising demand for high strength, lightweight materials in the aerospace industry. Aerospace industry is a major consumer of core materials owing to advantages of designing aircraft structural components deploying sandwich construction for weight reduction.
Core Materials Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the core materials industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the core materials market along with crucial statistical data about the core materials market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2028. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
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Some Key Highlights From the Report
By product type, foams segment revenue is expected to expand at a faster rate over the forecast period. Foams such as polystyrene foam (expanded polystyrene) finds extensive use due to its cushioning and insulating features. Polystyrene foam is over 95% air and is extensively used in production of appliance and home insulation, surfboards, lightweight protective packaging, automobile parts, foodservice and food packaging, and road stabilization systems.
By application, automotive segment revenue is expected to register at a significantly robust growth rate over the forecast period. Composite materials find wide use in the automotive industry to produce lightweight, safer, and highly fuel-efficient vehicles. Use of thermoplastic foams enable substitutional freedom in component/part designing, thus permitting development of shapes and forms that would be impossible with other materials. Also, integration of various features, including sensors open up several opportunities for the automotive industry and in turn, is fueling demand for thermoplastics foams owing to economic benefits in decreasing cost of assembly.
Some major players in the market report include Hexcel Corporation, Evonik Industries AG, Euro-Composites SA, 3A Composites, the Gill Corporation, BASF SE, Plascore Inc., Gurit Holdings, Toray Industries Inc., and Armacell International SA.
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Emergen Research has segmented the global core materials market on the basis of product type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
Foam
Polystyrene Foam
Polyvinyl Chloride Foam
Polyurethane Foam
Others
Honeycomb
Aluminum Honeycomb
Thermoplastic Honeycomb
Nomex Honeycomb
Others
Wood
Balsa
Others
Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
Direct
Indirect
Application Outlook (Revenue, USD Million; 2018–2028)
Wind Energy
Aerospace & Defense
Marine
Automotive
Building & Construction
Medical
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Market Dynamics:
The report offers insightful information about the market dynamics of the core materials market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the core materials market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the core materials market.
Radical Highlights of the core materials Market Report:
Comprehensive overview of the core materials market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the core materials market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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About Emergen Research
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