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Core Materials Market Share, Growth by Top Company, Geographical Region, Application, Driver, Trends & Forecast 2024
Global Core Materials Market- Industry Trends and Forecast to 2024
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Global Core Materials Market By Type {Foam [PVC Foam, PET Foam, SAN Foam, Others (Polystyrene (PS), Polyetherimide (PEI), Polyurethane (PU), Polymethacrylimide (PMI))], Honeycomb (Aluminum, Thermoplastic, Aramid), Balsa)}, End Users (Aerospace, Marine, Wind Energy, Transportation, Construction, Others), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)} – Industry Trends and Forecast to 2024
Top Market Competitors
• 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.
• among others.
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Competitive Analysis:
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.
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.
Major Market Drivers and Restraint:
• Growing demand for composites from aerospace and marine industries
• Rising demand from the wind energy industry
Market Restraint:
• High manufacturing cost
Market Segmentation:
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,
• Europe,
• Asia-Pacific,
• Middle East & Africa.
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