Global Core Materials Market Research Study including Growth Factors, Types and Top Vendor Profile like (Diab International AB, Airex AG, Hexcel Corporation, EURO-COMPOSITES) , by regions from 2018 to 2024

According To New Study On Global Core Materials Market accounted for USD 1.19 billion in 2016 and is projected to grow at a CAGR of 8.78% during the forecast period of 2017 to 2024. Upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Global Core Materials Market By Type {Foam [PVC Foam, PET Foam, SAN Foam, Others (Polystyrene (PS), Polyetherimide (PEI), Polyurethane (PU), Polymethacrylimide (PMI))], Honeycomb (Aluminum, Thermoplastic, Aramid), Balsa)}, End Users (Aerospace, Marine, Wind Energy, Transportation, Construction, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)} – Industry Trends and Forecast to 2024

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The Latin America market has witnessed a slowdown owing to the political turmoil existing in major markets of Argentina, Brazil, Colombia, and Venezuela. On the other hand, the market in Africa is expected to experience strong growth rate over the forecast period owing to the forecasted economic growth in the region

The key participants of the core materials market adopt varied organic and inorganic strategies in order to sustain in the market. Some of the examples of market players in the core materials market include Evonik Industries AG, Diab Group (Ratos), Gurit Holding AG, Hexcel Corporation, Armacell International S.A., 3A Composites, Changzhou Tiansheng New Materials Co. Ltd, Euro-Composites S.A., The Gill Corporation, and Plascore Incorporated.

Market Definition:

Core materials are created in different assortments such as balsa, honeycomb, froth and aluminum, which are the materials most commonly utilized as center in composite sandwich structures. Core materials increase the thickness and firmness of composite structures for high performance products along with the with minimal weight penalty.

Competitive Analysis:-

The global Core Materials Market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Market Segmentation:

On the basis of type:- foam, honeycomb and balsa. Foam is further segmented into PVC foam, PET foam, SAN foam and others where, the other type of foam is sub-segmented into Polystyrene (PS), Polyetherimide (PEI), Polyurethane (PU), Polymethacrylimide (PMI). Honeycomb is sub-segmented into aluminum, thermoplastic and aramid. Foam segment is expected to lead the core materials market for composites over the forecast period.
On the basis end users:- aerospace, marine, wind energy, transportation, marine, construction and others. The wind energy segment is expected to grow in the forecasting period due to the utilization of composites in designing of blades for large wind turbines.

On the basis of geography:-

• North America
• South America,
• Europe,
• Asia-Pacific,
• Middle East & Africa.

Some Top Countries Covered In this Report:-

• U.S.,
• Canada,
• Germany,
• France,
• U.K.,
• Netherlands,
• Switzerland,
• Turkey,
• Russia,
• China,
• India,
• South Korea,
• Japan,
• Australia,
• Singapore,
• Saudi Arabia,
• South Africa,
• Brazil
• among others.

In 2017, North America is expected to dominate the market.

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Top Market Competitors

• Diab International AB,
• Airex AG,
• Hexcel Corporation,
• EURO-COMPOSITES,
• The Gill Corporation,
• Plascore,
• Gurit,
• Changzhou Tiansheng New Materials Co. Ltd.,
• Evonik Industries AG,
• Armacell International S.A.
• among others.

Major Market Drivers and Restraint:

• Growing demand for composites from aerospace and marine industries
• Rising demand from the wind energy industry

Market Restraint:

• High manufacturing cost

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