Press release
Covid-19 Impact on Structural Core Materials Market to Witness Expansion During 2021-2026
Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Structural Core Materials Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.
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The research offers segment wise analysis of the Structural Core Materials Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.
Structural Core Materials Market by Material Type
Based on the material type, the structural core materials market is segmented as PVC (Polyvinyl chloride), PET (Polyethylene terephthalate), SAN (Styrene acrylonitrile), PMI (Polymethacrylimide), Balsa, and Others. In 2020, balsa surpassed PVC to become the most dominant core material type in the market, mainly driven by the exceptional growth in the wind energy segment. However, it is anticipated that PVC will recapture its throne in the near future and then maintaining its leadership position in the coming five years.
Structural Core Materials Market by End-Use Industry Type
Based on the end-use industry type, the market is segmented as wind energy, marine, ground transportation, aerospace & defense, and others. Wind energy is expected to remain the largest segment of the market over the next five years. The Global Wind Energy Council (GWEC) anticipates that about 469.3 GW of new wind energy capacity will be added from 2021 to 2025, which is equivalent to 94 GW of wind energy added each year till 2025. The demand for longer wind blades is adding a further stir in the demand for structural core materials.
Regional Insights
Asia-Pacific is expected to remain the largest market for structural core materials during the forecast period in terms of regions. The region is also expected to experience the fastest growth during the same period. China is estimated to remain the largest market in the region as well as in the world, driven by rising wind turbine installations, increasing demand for recreational fiberglass boats, the opening of assembly plants of Boeing and Airbus, and increasing demand for high-speed trains.
Key Players
The following are the key players in the Structural Core Materials Market-
• 3A Composites GmbH (Schweiter Technologies AG)
• Armacell International S.A.
• DIAB International AB (Ratos AB)
• Gurit Holding AG
• Armacell International Holding GmbH
• Changzhou Tiansheng New Materials Co. Ltd. (China)
• Maricell S.r.l.
• Baoding Meiwo Science & Technology Development Co., Ltd.
• Composite Essential Materials (Nida Core)
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Stratview Research is a global market research firm, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with insightful market data to aid strategic decision making. These exclusive reports are the result of exclusive research methodology and are available for key industries such as chemicals, composites, advanced materials, technology, renewable energy, and more.
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