According to the recent study the foam core material market is projected to reach an estimated $993 million by 2028 from $551 million in 2022 at a CAGR of 10.3% from 2022 to 2028. Growth in this market is primarily driven by foam core material performance benefit and growing demand of foam core material in end uses.
Browse 82 figures/charts and 25 tables in this 118-page report to understand trends,
opportunities and forecast in foam core material market by end use (wind
energy, marine, construction, transportation and others), product type (PVC,
PET, SAN and Others), and region (North America, Europe, Asia Pacific, and the
Rest of the World).
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foam core material market
“Wind energy market is expected to remain the largest segment
during the forecast period.”
Based on end use, the
foam core material market is segmented into wind energy, marine, construction,
transportation and others. Lucintel forecasts that the wind energy market is
expected to remain the largest segment due to increasing demand for use of
lightweight material to manufacture aircrafts.
“Within the foam core material market, the PVC segment is expected
to remain the largest product type.”
Based on product type
the PVC segment is expected to witness the highest growth over the forecast
period due to majorly used in end use.
“Asia pacific will dominate the foam core material market in near
future.”
Asia Pacific is expected
to remain the largest region and Europe is anticipated to witness the highest
growth over the forecast period due to wide acceptance in various end uses
owing to their high strength and low weight, which is driving the demand for
core materials in various end use.
Major players of foam
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, SABIC, Solvay are among the major foam 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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