The global core materials market size is expected to reach USD 3,288.1 Million at a revenue CAGR of 13.2% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the core materials market can be attributed to rising demand for high strength, lightweight materials in the aerospace industry. Aerospace industry is a major consumer of core materials owing to advantages of designing aircraft structural components deploying sandwich construction for weight reduction. Thermoplastic foam finds extensive use in the aerospace industry for meeting rising demand for lightweight, resilient, and strong structures, including for aircraft and launch vehicles, along with radomes, rotor blades, flight control surfaces, and satellite containment fairings. Also, core materials account for lower overall aircraft weight, thus increasing fuel-efficiency.
The Core Materials report also offers details about market size, market share, revenue growth, and CAGR during the forecast period of 2021-2028. The report also offers key insights about top companies in the market along with a thorough SWOT analysis, Porter’s Five Forces analysis, and feasibility analysis to offer competitive edge to the readers. The report focuses on the recent trends, major challenges and opportunities, and limitations pertaining to the ongoing pandemic.
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Key companies operating in the Core Materials market include:
Hexcel Corporation, Evonik Industries AG, Euro-Composites SA, 3A Composites, the Gill Corporation, BASF SE, Plascore Inc., Gurit Holdings, Toray Industries Inc., and Armacell International SA.
The Global Core Materials Report is a panoramic study of the overall Core Materials market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Core Materials market. The report provides a detailed analysis of the key factors of the Core Materials market that are expected to have a positive impact on the growth of the Core Materials industry.
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Emergen Research has segmented the global core materials market on the basis of product type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Million; 2018–2028)
- Foam
- Polystyrene Foam
- Polyvinyl Chloride Foam
- Polyurethane Foam
- Others
- Honeycomb
- Aluminum Honeycomb
- Thermoplastic Honeycomb
- Nomex Honeycomb
- Others
- Wood
- Balsa
- Others
Distribution Channel Outlook (Revenue, USD Million; 2018–2028)
- Direct
- Indirect
Application Outlook (Revenue, USD Million; 2018–2028)
- Wind Energy
- Aerospace Defense
- Marine
- Automotive
- Building Construction
- Medical
- Others
Regional Analysis:
The report further examines the market in the key regions of the world with regard to production and consumption patterns, import/export, supply and demand ratio, revenue generation, market share and size, and presence of prominent players in the regions. The report also covers the expansion plans undertaken by companies in the regions under the regional analysis section.
Key regions in the market include:
- North America
U.S., Canada
- Europe
U.K., Italy, Germany, France, Rest of EU
- Asia Pacific
India, Japan, China, South Korea, Australia. Rest of APAC
- Latin America
Chile, Brazil, Argentina, Rest of Latin America
- Middle East Africa
Saudi Arabia, U.A.E., South Africa, Rest of MEA
Key Questions Addressed in the Report:
- Who are the leading players in the Core Materials industry?
- Which region is expected to dominate the market in the coming years?
- What are the key applications of Core Materials?
- Which segment is expected to garner traction during the coming years?
- What are the key strategies adopted by leading players in the market?
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