According to
a new market report published by Lucintel, the future of the global foam core
materials market looks good with opportunities in the wind energy, marine,
construction, and transportation industries. The global foam core materials market is forecast to grow at a CAGR of 6.2% from 2016 to 2021. The major driver for the growth of
this market is increasing demand for composite materials in the end use
industries.
In this
market, wind energy, marine, construction, and transportation are the major end
use industries. On the basis of comprehensive research,
Lucintel forecasts that the wind energy segment is expected to remain the largest
application by both value and volume. Expected
increase
in wind capacity installation and growing demand for lightweight materials are the major driving factors, which would spur growth for this segment
over the forecast period.
Within foam
core materials market, PVC foam core is expected to remain the largest product
type over the forecast period due to its growing demand in wind and marine
industries.
Asia Pacific is
expected to remain the largest market due to the increasing wind turbine capacity installations in this region.
ROW is expected to witness the highest growth over the forecast period due
to growth of end use industries
For business expansion, this report suggests innovation
and new product development for
achieving superior mechanical
properties, higher thermal and chemical resistance, lower water absorption, and
good processability.
Emerging trends, which have a direct impact on the
dynamics of the industry, include development of recyclable core materials. DIAB, 3A Composites, Gurit are
among the major suppliers of foam core material.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global foam core materials market by end use application, product type, and
region, and has come up with a comprehensive research report, “Growth
Opportunities in the Global Foam Core Materials Market 2016-2021: Trends,
Forecast, and Opportunity Analysis”.
The Lucintel report serves as a springboard for growth strategy, as it provides
a comprehensive data and analysis on trends, key drivers, and directions. The
study includes a forecast for the global honeycomb core materials market by end
use application, product type, and region as follows:
By end-use application [Volume (M lbs) and Value
($ million) from 2010 to 2021]:
·
Wind Energy
·
Marine
·
Construction
·
Transportation
·
Others
By Product
Type [Volume (M lbs) and Value ($ million) from 2010 to 2021]:
·
Polyvinyl Chloride
(PVC)
·
Polyethylene Terephthalate
(PET)
·
Styrene Acrylonitrile
(SAN)
·
Others (PU,
PEEK, PMI ,and PPSU)
By region [Volume
(M lbs) and Value ($ million) M from 2010 to 2021]:
· North America
· Europe
· Asia Pacific
· Rest of the World
This 118-page 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
helpdesk@lucintel.com. Lucintel offerings include Advanced
Materials Reports, Composite
Materials Market Report, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.
This report answers following 11 key
questions:
Q.
1. What are some of the most
promising, high-growth opportunities for foam core materials market by end use
application (wind energy, marine, construction, transportation, and others), product
type (PVC, PET, SAN, and Others), and region (North America, Europe, Asia
Pacific, and Rest of the World) ?
Q.
2.Which segments will grow at a faster pace and why?
Q.
3.Which region will grow at a faster pace and why?
Q.4.What
are the key factors affecting market dynamics? What are the drivers and
challenges, and business risks in this market?
Q.5.What
are the business risks and competitive threats in this market?
Q.6.What
are emerging trends in this market and reasons behind them?
Q.7.What
are some of the changing demands of customers in the market?
Q.8.What
are the new developments in the market and which companies are leading these
developments?
Q.9.Who
are the major players in this market? What strategic initiatives are being
taken by key players for business growth?
Q.10.
What are some of the competing products in this market and how big of a threat
do they pose for loss of market share by product substitution?
Q.
11. What M & A activity has occurred in the last 5 years and what is its
impact on the industry?
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