What are the Key Drivers for Core Materials Market ? Top Players : Evonik Industries AG, Diab Group (Ratos), Gurit Holding AG, Hexcel Corporation, Among Others

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. Core materials are used in a wide range of industries including marine, wind energy, and automotive.

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.

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

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PVC foam is a polymer foam in which air is trapped inside the foam, which, in turn, increases the volume to weight ratio of the foam. PET is lightweight, thermal resistant, and of great strength. SAN is a circular structure thermoplastic core with high strength and impact resistance.
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. In addition, the elevated number of wind turbine installations drives the market growth in North America

Asia Pacific is estimated to be the fastest growing region for core materials market and is expected to witness exponential growth over the forecast period as well. The projected growth rate is a result of significant use of core materials in aerospace and wind energy industries, primarily in India and China

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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