According to the recent study the core material market is projected to reach an estimated $2 billion by 2028 from $1 billion in 2022, at a CAGR of 8.6% from 2022 to 2028. Growth in this market is primarily driven by increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.
Browse 107 figures/charts
and 82 tables in this 212-page report to understand trends, opportunities and
forecast in core material market by end use (wind energy, marine, construction,
aerospace and defense, transportation, and others), product type (balsa core,
honeycomb, and foam core) and region (North America, Europe, Asia Pacific, and
the Rest of the World).
“Wind energy market is expected to remain the largest segment
during the forecast period.”
Based on end use, the
core material market is segmented into wind energy, marine, construction,
aerospace and defense, transportation, and others. Lucintel forecasts that the
wind energy market is expected to remain the largest segment due to increase in
the diameter of rotors is driving the demand for core materials in this
industry.
“Within the core material market, the foam core segment is
expected to remain the largest product type.”
Based on product type
the foam core segment is expected to witness the highest growth over the
forecast period due to its superior mechanical properties.
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core material market
“Asia pacific will dominate the core material market in near
future.”
Asia Pacific is expected
to remain the largest market over the forecast period due to rising demand from
electronics and defense industries, growth in the end uses and increasing focus
on high performance core material. Europe is expected to witness the highest
growth rate over the forecast period.
Major players of core
material market are adopting various growth strategies like new product
launches, expansions, merger and acquisitions, partnerships, agreements, and
collaborations to expand their presence in this market. DIAB, Gurit, 3A
Composites, Armacell, Hexcel Corporation, The Gill Corporation, and Euro
Composites are among the major core material providers.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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