Global Core Materials Market Trends 2017 By Foucing in Top Vendors like Diab International AB, Airex AG, Hexcel Corporation, EURO-COMPOSITES, The Gill Corporation
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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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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On the basis of type:- 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:- 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:-
• North America
• South America,
• Middle East & Africa.
Some Top Countries Covered In this Report:-
• South Korea,
• Saudi Arabia,
• South Africa,
• among others.
In 2017, North America is expected to dominate the market.
Top Market Competitors
• Diab International AB,
• Airex AG,
• Hexcel Corporation,
• The Gill Corporation,
• Changzhou Tiansheng New Materials Co. Ltd.,
• Evonik Industries AG,
• Armacell International S.A.
• 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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