Core Materials Market Manufacturing market size, analysis, trends and forecast to 2026 - Evonik Industries AG, Diab Group (Ratos), Gurit Holding AG, Hexcel Corporation, Armacell International S.A., 3A Composites, Changzhou Tiansheng New Materials Co. Ltd,

Core materials are used in a wide range of industries including marine, wind energy, and automotive. The core material is inserted between the layers of reinforcement, thus sticking it in, with an equal cover arrangement on either sides of the core material, which ensures maximum benefit.
Core materials are the materials used in aerospace and wind energy equipment for improving the strength of the materials. Core materials are generally low strength materials, however, its greater thickness offer the sandwich composite a high bending stiffness with low density.
Some of the major drivers for the core materials market include significant demand from wind energy & aerospace industries and recovery of the U.S. marine industry from economic recession, among others. However, rising number of substitutes for core materials hinders the market growth to a certain extend.

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Core Materials Market Taxonomy:

On the basis of type, the core materials market is segmented into:
Foam
PVC Foam
PET Foam
SAN Foam
Others
Honeycomb
Aluminum
Aramid
Thermoplastic
Balsa
On basis of end-use industry, the core materials market is segmented into:
Aerospace
Wind energy
Marine
Transportation
Construction
Others

PET is lightweight, thermal resistant, and of great strength. SAN is a circular structure thermoplastic core with high strength and impact resistance. Honeycomb core materials are available in a wide range, from low stiffness and strength to high stiffness and strength. 

North America is estimated to hold the largest market share during the forecast period.. Presence of aerospace original equipment manufacturers in the region drives the demand for lightweight core materials.

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.

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