Core Material for Composites Market 2024: Size, Key Companies, Trends, Growth and Regional Forecasts Research

Core Material for Composites

Core Material for Composites Market” report provides strategic supports mentioned by the business specialists with market sources, amount of manufacturing cost structure, raw materials, forecasts, turnover, manufacturing outlays, latest market trends, labor cost, demands and much more. Core Material for Composites market report covers a comprehensive market structure through the globe with an in-depth study of major dynamics (Drivers, Challenges, Opportunities).  

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Key Market Trends:

Growing Usage in Aerospace & Defense Sector

– Composite materials are widely used in the aerospace and defense sector. The industry is one of the first to use composite materials for an ever-increasing range of applications, and remains at the technological forefront of composite development.
– These materials are highly suitable for several interior and structural applications, demonstrating a unique combination of properties, combining excellent mechanical performance, JAR/FAR fire protection regulations from fire smoke, toxicity (FST), and heat release.
– These composites are used in large structural components, in addition to interior and flooring parts in regional and non-commercial aircrafts. These materials not only increase the durability but also reduce the overall cost. Some of the applications include panel structures, cargo, pallets and vessels, and unmanned aerial vehicles (UAVs) in the Airbus and Boeing aircraft.
– The global composites for aerospace market is likely to project a 33% growth in terms of volume, over the next five years. The burgeoning demand for composites in the aerospace & defense sector is projected to boost the demand for core material for composites, during the forecast period.

to Dominate the North Region

– United Stated has the largest aerospace industry in the world, one of the largest automotive, marine and construction markets, which is continuously expanding at a steady pace.
– The total commercial aircraft fleet in the country is expected to reach 8,290 in 2038, from 7,141 in 2017, owing to the growth in air cargo. Additionally, the US mainliner carrier fleet is expected to grow at an average rate of 45 aircraft per year, as the existing fleet is getting older.
– Exports of aerospace components to countries, such as , China, and , along with robust consumer expenditure in the United States, is driving the manufacturing activities in the aerospace industry.
– The is the second-largest producer of automotive, after China. Various automotive manufacturing companies are continuously investing in the country, amid threats from the government to increase levies on auto imports from .
– The gradual growth of the commercial construction sector, primarily in office space construction, is likely to have a positive impact on the market studied. Additionally, rise in home sales, coupled with the renovation of the existing houses, is boosting the demand for residential construction in the United States.
– The country is also one of the major manufacturers of wind turbines. The top three wind turbine manufacturers, measured by cumulative share of the US wind turbine fleet, are GE Renewable Energy, Vestas, and Siemens, with more than 75% of the share.
– Such factors has led to a significant increase in demand for core material for composites in the country and will continue to do so through the forecast period too.

Market Overview:

  • The global core material for composites market is expected to grow at a CAGR of over 8% during the forecast period of 2019 – 2024. Increasing usage of composites in the aerospace industry and growing usage in wind energy domain are going to be the driving factors for the market.
  • – Factors scuh as lack of economical manufacturing processes for bulk-volume applications and the market being highly capital intensive are likely to hinder the growth of the market.
  • – Emergence of PET foam and innovations aimed at lowering the costs of end products are likely to providing opportunities for the market to grow through the years to come.

    Key Manufacturers Like 

  • 3A Composites
  • Armacell International SA
  • Changzhou Tiansheng New Materials Co. Ltd
  • Diab International AB
  • Euro-Composites SA
  • Evonik Industries AG
  • Gurit Holding AG
  • Hexcel Corporation
  • Plascore Incorporated
  • Saertex GmbH & Co.KG
  • The Gill Corporation.

    Scope of the Report:

  • This report studies the global Core Material for Composites market size, industry status and forecast, competition landscape and growth opportunity.

    Core Material for Composites market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Core Material for Composites market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Core Material for Composites market have also been involved in the study.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

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    Key Questions Answered in Market Report: –

    • What will the market growth rate, Overview and Analysis by Type of Core Material for Composites market in 2023?
    • What are the key factors driving, Analysis by Applications and Countries Core Material for Composites market?
    • What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Core Material for Composites ?
    • Who are Opportunities, Risk and Driving Force of Core Material for Composites market? Knows Upstream Raw Materials Sourcing and Downstream Buyers
    • Who are the opportunities and threats faced by the vendors in Core Material for Composites space? Business Overview by Type, Applications, Gross Margin and Market Share
    • What are the Core Material for Composites market opportunities, market risk and market overview of the Market?

    Lastly, the Global Core Material for Composites Market Research covers a complete market structure across the world with a comprehensive analysis of major key factors. This report provides planned orientations referred by the industry experts.

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    Study objectives of Core Material for Composites Market Report:

    • To provide a detailed analysis of the market structure along with the Core Material for Composites market forecast of various segments and sub-segments of the Core Material for Composites market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Core Material for Composites market trends that influence the global Core Material for Composites market

    Detailed TOC of Core Material for Composites Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Increasing Demand from the Wind Energy Domain
    4.1.2 Increasing Use of Composites in the Aerospace Industry
    4.1.3 Emerging Applications in the Automotive Market
    4.2 Restraints
    4.2.1 Highly Capital-intensive Market
    4.2.2 Lack of Economical Manufacturing Processes for Bulk-volume Applications
    4.3 Industry Value-Chain Analysis
    4.4 Porters 5 Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition

    5.1 Type
    5.1.1 Foam Core PVC Foam Polystyrene Foam Polyurethane Foam PMMA Foam SAN Co-polymer Foam Other Thermoplastics
    5.1.2 Honeycomb Aluminum Honeycomb Nomex Honeycomb Thermoplastic Honeycomb
    5.1.3 Wood Balsa Other Woods
    5.2 End-user Industry
    5.2.1 Aerospace & Defense
    5.2.2 Marine
    5.2.3 Construction
    5.2.4 Wind Energy
    5.2.5 Automotive
    5.2.6 Consumer Goods
    5.2.7 Other End-user Industries
    5.3 Geography
    5.3.1 Asia-Pacific China India Japan South Korea ASEAN Countries Rest of Asia-Pacific
    5.3.2 North United States Canada
    5.3.3 Europe United Kingdom Italy Spain Rest of Europe
    5.3.4 South Brazil Argentina Rest of South
    5.3.5 Middle East & Africa (MEA) Saudi Arabia South Africa Rest of Middle East & Africa

    6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 3A Composites
    6.4.2 Armacell International SA
    6.4.3 Changzhou Tiansheng New Materials Co. Ltd
    6.4.4 Diab International AB
    6.4.5 Euro-Composites SA
    6.4.6 Evonik Industries AG
    6.4.7 Gurit Holding AG
    6.4.8 Hexcel Corporation
    6.4.9 Plascore Incorporated
    6.4.10 Saertex GmbH & Co.KG
    6.4.11 The Gill Corporation

    7.1 Emergence of PET Foam
    7.2 Innovations Aimed at Lowering the Costs of End Products

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