Core Materials Market to Witness Huge Growth by Key Players: 3A Composites, Plascore Inc, The Gill Corporation, Hexcel Corporation

Global Core Materials Market 2020-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global core materials market size is projected to grow from USD 1.2 billion in 2020 to USD 2.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 13.5% between 2020 and 2025.Core materials are the key components in sandwich structure composites that provide thickness and high stiffness with low density. The composite skins surrounding the core material provide strength to the overall structure. Core materials are gaining wide acceptance in various end-use industries owing to their high strength and low weight, which is driving the demand for core materials in various end-use industries.However, amidst the global COVID-19 pandemic, the demand for core materials from the aforementioned industries is expected to show a sharp decline in 2020 from 2019.

“Foam is the fastest-growing type of core material in the global core materials market,in terms of value.”
Foam core type is projected to register the highest CAGR, in terms of value, between 2020 and 2025.Foams are easy to process and shape and provide an excellent strength-to-weight ratio. Therefore, they are used in various end-use industries, such as wind energy, aerospace& defense, and marine. Foam cores are used to enhance the overall structure of composite products. Structural foam cores are produced from various thermoset and thermoplastic polymers, including PVC, PET, PU, PEI, SAN, and PMI. Foam cores can be produced at various densities ranging from 2 lb/ft3 (30 kg/m3) to 20 lb/ft3 (300 kg/m3) by changing the ratio of the polymer ingredients to blowing agents and adjusting gas pressure.

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“Wind energy is the largest end-use industry of core materials market, in terms of value.”
The wind energy end-use industry accounted for the largest market share in 2019.Core materials are used in wind turbine blades as a sandwich panel in the composite structure. These blades are made by combining core materials and glass-reinforced polyester/epoxy. Foam and balsa are the two widely used core materials in this industry. Balsa core material, being a natural product, is used in a wide range of wind blades because of its superior mechanical properties, such as high compressive and tensile strength.

“APAC dominated the core materials market.”
APAC was the largest core materials market, in terms of value, in the world. APAC dominated the market in 2019, in terms of volume. The key reason for this dominance includes the demand for core materials from the wind energy end-use industry in the region. The demand for core materials inthe aerospace & defense, automotive& transportation,construction, and other industries is projected to grow due to product innovation and technological advances.

The report provides a comprehensive analysis of company profiles listed below:
• 3A Composites (Switzerland)
• DiabGroup (Sweden)
• Gurit (Switzerland)
• Hexcel Corporation (US)
• Armacell International S.A. (Luxembourg)
• Euro-Composites S.A. (Luxembourg)
• Changzhou Tiansheng New Materials Co. Ltd. (China)
• The Gill Corporation(US)
• Plascore Inc. (US)

Research Coverage:
This report covers the global core materials market and forecasts the market size until 2025. It includes the following market segmentation:Type (foam, honeycomb, and balsa),End-use Industry (wind energy, aerospace & defense, marine, automotive & transportation, construction, and industrial),and Region (Europe, North America, APAC, and RoW). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges,have been discussed in the report.

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