Structural Core Materials Market worth $10.17 billion by 2030, growing at a CAGR of 9.14% - Exclusive Report by 360iResearch

The "Structural Core Materials Market by Type (Balsa Core Materials, Foam Core Materials, Honeycomb Core Materials), Outer Skin Type (Carbon Fiber Reinforced Polymer, Glass Fiber Reinforced Polymer, Natural Fibre-Reinforced Polymer), End-use Industry - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Structural Core Materials Market to grow from USD 5.51 billion in 2023 to USD 10.17 billion by 2030, at a CAGR of 9.14%.

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Structural core materials are critical components in constructing composite laminates utilized to bolster strength and rigidity without adding significant weight. These materials are layered between multiple sheets of strengthening skins to form a sandwich structure with enhanced mechanical properties. They are generally characterized by a high strength-to-weight ratio, improved stiffness, superior thermal insulation, low water absorption, and corrosion resistance. The growing need for lightweight materials in the aerospace, automotive & transportation sectors, coupled with the increasing emphasis on energy conservation globally, increases the adoption of structural core materials. However, the high cost of raw materials directly influences the overall cost of developing structural core materials. Nevertheless, developing cost-effective production and recycling techniques to tackle the raw material costs and research advancements in higher firmness and improved durability core materials can introduce new opportunities for market growth.

The Americas region significantly focuses on technological advancements in industrial and automotive applications in the structural core materials market. The major countries, such as the United States, Canada, and Brazil, involve a predominant trend for lightweight yet sturdy materials among consumers, thereby promoting the use of structural core materials. The European Union has witnessed increased demand for structural core materials, specifically in the renewable energy and construction sectors. The EMEA countries such as Germany and France are focused on sustainability efforts through the established stringent regulations in structural core materials manufacturing. The Middle East and Africa (EMEA) region reflects a growing interest in marine, sporting goods, and aerospace applications in recent years. China, Japan, and India are major countries in the APAC region witnessing investments focused on enhancing infrastructure in sectors such as construction, aerospace, and energy, contributing to the increased demand for high-strength, lightweight structural core materials. The players in the APAC region are focused on developing cost-effective and recyclable products to cater to the growing consumer demand across diverse industries.

Market Segmentation & Coverage:

This research report categorizes the Structural Core Materials Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Balsa Core Materials, Foam Core Materials, and Honeycomb Core Materials. The Balsa Core Materials commanded largest market share of 30.12% in 2023, followed by Honeycomb Core Materials.

Based on Outer Skin Type, market is studied across Carbon Fiber Reinforced Polymer, Glass Fiber Reinforced Polymer, and Natural Fibre-Reinforced Polymer. The Carbon Fiber Reinforced Polymer commanded largest market share of 44.53% in 2023, followed by Glass Fiber Reinforced Polymer.

Based on End-use Industry, market is studied across Aerospace, Automotive & Transportation, Construction, Marine, and Wind Energy. The Aerospace commanded largest market share of 24.76% in 2023, followed by Automotive & Transportation.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.04% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Structural Core Materials Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Structural Core Materials Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Structural Core Materials Market, highlighting leading vendors and their innovative profiles. These include 3A Composites GmbH by Schweiter Technologies AG, 3M Company, Amorim Cork Composites S.A., Armacell International S.A., BASF SE, Carbon-Core Corp., Composites One LLC, CoreLite, Diab Group, DuPont de Nemours, Inc., Euro-Composites S.A., Evonik Industries AG, General Plastics Manufacturing Company, Inc., Gurit Services AG, Hexcel Corporation, Huntsman Corporation, I-Core Composites LLC, Kordsa Teknik Tekstil, Lantor BV, Marex Composites, Inc., Mitsubishi Chemical Group Corporation, Owens Corning, Plascore, Inc., RelCore Composites Inc., RTX Corporation, SABIC, SAERTEX GmbH & Co. KG, Showa Aircraft Industry Co., Ltd., SingCore, Sino Composite Co., Ltd., Solvay S.A., Suzhou Beecore Honeycomb Materials Co., Ltd, The Gill Corporation, and Toray Industries, Inc..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Structural Core Materials Market, by Type
7. Structural Core Materials Market, by Outer Skin Type
8. Structural Core Materials Market, by End-use Industry
9. Americas Structural Core Materials Market
10. Asia-Pacific Structural Core Materials Market
11. Europe, Middle East & Africa Structural Core Materials Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Structural Core Materials Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Structural Core Materials Market?
3. What is the competitive strategic window for opportunities in the Structural Core Materials Market?
4. What are the technology trends and regulatory frameworks in the Structural Core Materials Market?
5. What is the market share of the leading vendors in the Structural Core Materials Market?
6. What modes and strategic moves are considered suitable for entering the Structural Core Materials Market?

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