The global structural core materials market is analyzed in detail in the latest research report from Market Research Future (MRFR). The global structural core materials market is profiled by analyzing its key drivers and restraints, leading market segments, and the major players operating in it. The global structural core materials market is expected to grow at a CAGR of around 5% over the forecast period, according to the report.
Structural Core Materials Market are used in composites to enhance their physical characteristics. The increasing demand for lightweight structural core materials is likely to be a defining feature of the global structural core materials market over the forecast period. Reducing the overall weight of the structure has become a key issue in end-use industries such as aerospace and automotive, which are major consumers of structural core materials and are likely to determine the direction of the market over the forecast period. The increasing demand for lighter honeycomb materials in the aerospace sector is likely to be a prime driver for the global structural core materials market over the forecast period.
Reducing the weight of vehicles has also become a major issue in the automotive industry due to the need to reduce the volume of emissions from automobiles. Making vehicles lighter is the surest way of reducing the emissions from the vehicles, leading to a growing demand for lighter structural core materials from the automotive industry. The growing prevalence of environmental regulations enforcing a lighter design in the automotive industry is likely to be a major driver for the global structural core materials market over the forecast period.
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Segmentation:
The global structural core materials market is segmented on the basis of product, skin type, end use, and region.
By product, the global structural core materials market is segmented into foam, balsa, and honeycomb. The honeycomb segment holds a dominant 65% share in the global structural core materials market and is likely to remain the leading revenue generator in the global market over the forecast period.
On the basis of skin type, the global structural core materials market is segmented into glass fiber reinforced polymer, natural fiber reinforced polymer, carbon fiber reinforced polymer, and others.
By end use, the global structural core materials market is segmented into automotive, aerospace, wind energy, construction, marine, and others.
Regional Analysis
Based on region, the structural core materials market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Of these, North America will remain head and shoulders above other regions in the market owing to the increasing use of structural core materials in the aerospace and automobile sector. The structural core materials market in the APAC region is likely to be the fastest growing owing to the automobile base being shifted to this region and initiatives taken by the government for generating renewable energy.
Key Players
Key players profiled in the structural core materials market include Evonik Industries (Germany), Armacell International (Luxembourg), Plascore Incorporated (U.S.), Changzhou Tiansheng New Materials Co. Ltd. (China), The Gill Corporation (U.S.), Gurit Holding (Switzerland), Euro Composites (Luxembourg), Schweiter Technologies (Switzerland), Hexcel Corporation (U.S.), and Diab Group (Sweden).
Oct 2018- Verdane in association with other shareholders of JSB Group have decided in selling JSB Group for DKK 520 million to Gurit. JSB Group is a leader of core material kits especially wind turbine blades and has 7 kitting operations in China, the US, Turkey, Spain, Denmark and with a new facility to be launched in Mexico.
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