Core Material Kitting Market is Forecasted to Reach US$ 522.4 million in 2030, Says Stratview Research

The global core material kitting market is projected to witness a growth rate of 5.5% annually from 2024 to 2030, with an anticipated size of US$ 522.4 million by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global core material kitting market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2030: US$ 522.4 million
Growth (CAGR): 5.5% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 4
Number of Tables & Graphs: 100+

Segment Insights on the Core Material Kitting Market:
The global core material kitting market is segmented based on end-use industry type, core material type, process type, and region.

Based on end-use industry type - The core material kitting market is segmented into wind energy, aerospace & defense, marine, transportation, construction, and others. Wind energy is expected to remain the largest market for core material kitting during the forecast period. Rising demand for an alternative source of energy has led to an increased focus by various governments and non-government institutions on the wind energy sector.
Increasing wind turbine installation coupled with the installation of longer rotor blades has resulted in a greater penetration of sandwich panels constructed with foam and balsa core materials. This factor is acting as the prime driver for the core material kitting market in wind energy.

Based on the core material type - The market is segmented as foam core and balsa. Foam core is further bifurcated into PVC, PET, and others. Foam core is expected to remain the market's largest segment during the forecast period. Foam core is widely used in wind energy and marine composite parts, owing to its low specific weight and high mechanical rigidity and stiffness.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/470/core-material-kitting-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that Asia-Pacific is expected to remain the largest region in the market during the forecast period. This growth outlook is majorly attributed to the following-
- The growth engine of Asia-Pacific is mainly attributable to the large wind turbine installation coupled with the regional expansion of major core material suppliers in the region; the growing penetration of composites in the transportation industry; the opening of assembly plants of Boeing and Airbus for the B737, A320, and A330 aircraft programs; indigenous aircraft programs such as the C919; and the expanding construction industry.
- Europe is expected to be the fastest-growing market for core material kitting during the forecast period, owing to an expected increase in offshore wind turbine installations in Europe and a healthy recovery in the aerospace & defense industry.

Core Material Kitting Market Drivers:

Some of the key drivers listed in the report are given below.
- The kitting of core materials can be performed by part fabricators in-house and outsourced to independent kitting solution providers or core material suppliers offering kitting services.
- Several factors bolstering the demand for core material kitting are the organic growth of major composite-driven markets coupled with increased penetration of composite materials, increasing demand for lightweight core materials, and the excellent benefits of core material kitting.

Top Companies in the Core Material Kitting Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• 3A Composites GmbH
• Diab International AB
• Gurit Holding AG
• InCom Group

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Core Material Kitting 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?

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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.