Global Core Materials Market Report 2017 - Opportunities & Forecasts to 2024 for the USD 1.19 Billion Industry
Global Core Materials Market accounted for USD 1.19 billion in 2016 and is projected to grow at a CAGR of 8.78% during the forecast period of 2017 to 2024.e upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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New research report with figures as recent as 2017 and forecasts up to 2024 that helps you track the unprecedented growth seen in the Global Core Materials Market giving you an edge to not just compete but to outmatch the competition.
Global Core Materials Market Definition:
Core materials are created in different assortments such as balsa, honeycomb, froth and aluminum, which are the materials most commonly utilized as center in composite sandwich structures. Core materials increase the thickness and firmness of composite structures for high performance products along with the with minimal weight penalty.
Competitive Analysis: Global Core Materials Market
The global thermoplastic elastomers market is highly fragmented with the presence of a large number of players across different regions. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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Market Segmentation: Global Core Materials Market
On the basis of type, global core materials market is segmented into foam, honeycomb and balsa. Foam is further segmented into PVC foam, PET foam, SAN foam and others where, the other type of foam is sub-segmented into Polystyrene (PS), Polyetherimide (PEI), Polyurethane (PU), Polymethacrylimide (PMI). Honeycomb is sub-segmented into aluminum, thermoplastic and aramid. Foam segment is expected to lead the core materials market for composites over the forecast period.
On the basis end users global core materials market is segmented into aerospace, marine, wind energy, transportation, marine, construction and others. The wind energy segment is expected to grow in the forecasting period due to the utilization of composites in designing of blades for large wind turbines.
On the basis of geography, global core materials market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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Major Market Competitors: Global Core Materials Market
Some of the major players operating in Global Core Materials Market are Diab International AB, Airex AG, Hexcel Corporation, EURO-COMPOSITES, The Gill Corporation, Plascore, Gurit, Changzhou Tiansheng New Materials Co. Ltd., Evonik Industries AG, Armacell International S.A. and among others.
Major Market Drivers and Restraint:
• Growing demand for composites from aerospace and marine industries
• Rising demand from the wind energy industry
• High manufacturing cost
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