High-Performance Core Materials Market is Forecasted to Reach US$ 1193.7 Million in 2031, Says Stratview Research

The global High-Performance Core Materials Market size was valued at US$ 933.3 million in 2024 and is projected to reach US$ 1193 million by 2031, witnessing a market growth CAGR of 3.4% from 2024 to 2031, 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 industry forecast, current & emerging market 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

Market Statistics:
Market Size in 2024: US$ 933.3 million
Market Size in 2031: US$ 1193.7 million
Growth (CAGR): 3.4% during 2024-2031
Leading Core Material Type: Honeycomb Core
Leading End-Use Industry Type: Aerospace & Defense
Leading Region: North America
Forecast Period: 2024-2031
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights & Market Share Analysis of the High-Performance Core Materials Market:

The global High-Performance Core Materials Market is segmented based on Core Material type, End-Use Industry type and region.

Based on Core Material Type
"Honeycomb core is expected to remain dominant in the market by 2031, owing to its wide usage in aerospace applications."
Based on the core material type, the market is segmented into honeycomb core and high-performance foam core. 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 properties. High penetration of Nomex honeycomb in the aerospace industry has led to its 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 Type
"Aerospace is expected to remain the biggest demand generator of the high-performance core materials market during the forecast period."
The market is segmented into aerospace & defense, ground transportation, marine, wind energy, and others. Aerospace & Defense is expected to remain the biggest demand generator of core materials over the next six years. 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.

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 suggests that North America will continue as the largest market during the forecast period. This growth outlook is mainly attributed to the following:
· North America is projected to remain the largest regional market for high-performance core materials during the forecast period, with the United States leading the charge both regionally and globally. The country serves as the primary growth engine, driven by the presence of several major aerospace OEMs and tier suppliers.

Likewise, 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:

Some of the key drivers listed in the report are given below.
· Expected Increase in Aircraft Fleets: Growing air travel demand and fleet modernization programs are driving increased procurement of fuel-efficient, next-generation aircraft by both commercial and defense industries.
· Increasing use of High-Performance Core Materials in Aircraft: Driven by the need for lightweight and durable components, aerospace manufacturers are increasingly adopting advanced materials to boost performance and fuel efficiency.

Competitive Landscape: Top Companies in the High-Performance Core Materials Market:

The market is moderately fragmented, with over 20 players. Most of the major players compete on some of the governing factors, including price, service offerings, regional presence, etc. 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 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

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Stratview Research is a global market research and consulting firm that highly specializes in IT & telecom, aerospace & defense, chemicals, and a few other industries.

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