High-Performance Core Materials Market is Forecasted to Reach US$ 80 Billion in 2030, Says Stratview Research

The global High-Performance Core Materials Market is projected to witness a growth rate of 4.9% annually from 2024 to 2030, with an anticipated size of US$ 80 billion in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global High-Performance Core Materials Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1369/high-performance-core-materials-market.html#form

Report Highlights:
Market Size in 2030: US$ 80 billion
Growth (CAGR): 4.9% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 5
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the High-Performance Core Materials Market:
The global High-Performance Core Materials Market is segmented core material type, end-use industry type and region

Based on core material type: The market is segmented into honeycomb core and high-performance foam core. Honeycomb core is estimated to maintain its supremacy in the market over the next six years. Between these two-core material types, Honeycomb core is estimated to maintain its supremacy in the market over the next six years, owing to its excellent track record and excellent properties. High penetration of Nomex honeycomb in the aerospace and defense industry has led to their dominance over the other honeycomb types. Among high-performance foam cores, PMI has a higher usage in aircraft exteriors, whereas PEI, PESU, and PPSU have more prevalence in interiors.

Based on end-use industry type: The market is segmented into aerospace & defense, ground transportation, wind energy, and others. Aerospace & defense is expected to maintain its dominant position in the market in years to come.Despite logging a massive decline in 2020 and 2021, aerospace & defense is expected to maintain its dominant position in the market in years to come. Increasing usage of high-performance foam core materials, especially PMI foam core, in certain applications of the aerospace industry, such as landing gear doors, radome, antennas, horizontal stabilizers, ailerons, helicopter blades, and pressure bulkhead stringers, coupled with continued growth is the usage of honeycomb core in the aerospace & defense industry are the major growth drivers of the market. Wind energy also holds a considerable share of the market. The excellent growth in wind energy in 2020 heavily mitigated the wreckage impact of the pandemic on the demand for core materials including high-performance core materials.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis North America is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
• All regions mark significant declines in the demand for high-performance core materials in 2020 and 2021. Among regions, North America is expected to remain the largest market during the forecast period. The USA acts as a growth engine of the region with the presence of several leading aerospace OEMs and tier players.
Asia-Pacific is projected to witness the fastest growth in the market over the next six years, with excellent growth in wind turbine installations, huge order backlogs for various aircraft programs in the region, and the market entry of COMAC C919.

High-Performance Core Materials Market Drivers:
The High-Performance Core Materials Market is driven by several key factors, including:
• Honeycomb core materials are widely preferred over the eons in the aerospace & defense industry owing to their countless benefits over foam core materials.
• However, recent developments in high-performance foam core materials have created significant potential to replace honeycomb cores in the aerospace & defense industry.
• Thus, high-performance foam core materials have been witnessing excellent growth. Apart from aerospace & defense, wind energy is the next big demand generator for high-performance foam core materials.

Top 10 Companies in the High-Performance Core Materials Market:
Stratview Research has identified the following companies as the top market players:
• 3A Composites GmbH
• Diab International AB
• Euro-Composites Corporation
• Evonik Industries AG
• Hexcel Corporation
• Plascore Inc.
• Schütz GmbH & Co. KGaA
• Showa Aircraft Industry Co., Ltd.
• The Gill Corporation

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the High-Performance Core Materials Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Core Materials Market: https://www.stratviewresearch.com/716/core-materials-market-for-composites.html
• Structural Core Materials Market: https://www.stratviewresearch.com/486/structural-core-materials-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.