Core Materials Market 2024-2033: Future Outlook, Industry Share, Global Trends And Key Players Analysis

"The new report published by The Business Research Company, titled ""Core Materials Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the core materials market size has grown rapidly in recent years. It will grow from $1.53 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The core materials market size is expected to see rapid growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%.

Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=8786&type=smp

Increasing Wind Energy Demand Fuels Growth In Core Materials Market
Increasing demand for wind energy is driving the growth of the core materials market going forward. The demand of wind energy is increasing mainly due to an alternative energy and need to protect environment by limiting carbon footprint. Foam, balsa, and honeycomb core are the common sandwich construction used in the manufacturing of wind turbine blades. Wind energy is an essential clean resource for achieving the reduction of carbon emissions target and is also striving towards capacity additions therefore there is an increase in the need for wind turbine blades which are made from core materials. For instance, in 2022, according to the global energy review by the IEA (International Energy Agency), a France-based autonomous international government organization, renewable energy supply from solar, wind, hydro, geothermal, and ocean sources rose by close to 8%, meaning that the share of these technologies in total global energy supply is increasing. Additionally, the U.S. power grid is shifting from fossil fuels to renewables, with renewables projected to increase by about 380% from 2022 through 2050. Therefore, the rising demand for wind energy is driving the growth of the core materials market.

Saertex Introduces Saerfoam For Advanced Composites
Product innovation is a key trend gaining popularity in the core materials market. Major companies operating in the market are focused on innovating products to gain a competitive edge in the market. For instance, in August 2021, SAERTEX GmbH & Co. KG, a Germany-based manufacturer of core materials for the production of fiber-reinforced composites launched the SAERfoam, an innovative structural core material that has unique properties such as combining 3D glass reinforcement with ultralight foam. SAERfoam can replace traditional core materials like PVC (Polyvinyl chloride), PET (Polyethylene terephthalate), and balsa because of its highly adaptable mechanical qualities and extremely low weight. The SAERfoam series includes the SAERfoam Plus edition and new regular designs SAERfoam 80 and SAERfoam 60. SAERfoam 80 was created to enhance the handling of infusion-molded constructions like boat hulls, decks, and huge industrial pieces. Mold preservation SAERfoam 60 is particularly focused on resin transfer molding (RTM).

The core materials market covered in this report is segmented -

1) By Type: Foam, Honeycomb, Wood
2) By Distribution Channel: Direct, Indirect
3) By End-Use Industry: Wind Energy, Aerospace and Defense, Marine, Automotive, Building and Construction, Medical, Other End-Use Industries

Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=8786&type=discount

Major companies operating in the core materials market report are Schlumberger Ltd., Baker Hughes Inc., Halliburton Company, Weatherford International plc, Gulf Energy SAOC, Calfrac Well Services Ltd., Sanjel Energy Services Inc., Nabors Industries Ltd., Trican Well Service Ltd., China Oilfield Services Ltd., Condor Energy Services Ltd., Vallourec SA, Daleel Petroleum LLC, National Energy Services Reunited Corp., China Oilfield Service Limited, C&J Energy Services Inc., China Well Cementing Services Limited, National Oilwell Varco Inc., Sledgehammer Oil Tools Pvt. Ltd., Crimson Oil Tools Pvt. Ltd., Wilco Machine & Fab Inc., Wellcare Oil Tools Services LLC, Welltec A/S, Volant Products Inc., Pioneer Energy Services Corp., Magnum Cementing Services Operations Ltd., Gulf Coast Cement shell Inc., Cementing Solutions Inc.

Contents of the report:
1. Executive Summary
2. Core Materials Market Report Structure
3. Core Materials Market Trends And Strategies
4. Core Materials Market - Macro Economic Scenario
5. Core Materials Market Size And Growth
…..
27. Core Materials Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/core-materials-global-market-report

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.