Global core material market size to record unprecedented growth through 2025

The research report on ‘global core material market’ consists of vital information such as major development trends, challenges & restraints, and expansion opportunities which define the growth matrix of this business sphere during the period of 2020-2025.

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Selbyville, Delaware, Nov. 04, 2020 (GLOBE NEWSWIRE) -- As per reliable estimates, worldwide core material market had reached a valuation of USD 1548.82 million in 2019 and is expected to register substantial growth during 2020-2025. The robust expansion of the market can be credited to rapid industrialization and urbanization, particularly in China and India, which has in fact resulted in surging investments towards infrastructural development.

The study also elaborates on different market segmentations including type, application scope, and regional outlook. Additionally, a detailed Porter’s Five Forces analysis as well as a thorough SWOT analysis of prominent companies operating in this industry vertical are elucidated, further enabling for effective decision making while evaluating investments.

It is to be noted that core materials provide low-density and high stiffness during sandwich composite construction. Shifting preference towards using high performance and lightweight materials, along with growing product demand from composite component manufacturers are augmenting the industry remuneration.

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Industry analysts predict that new power generation assets will witness an investment of around USD 13 trillion by the year 2050. It is further cited that over 77% of these investments will be allocated to renewable energy sector, adding an average of 125 GW in wind capacity each year. Hence, inflowing funding aimed towards energy & power infrastructure development will boost the demand for core materials, stimulating market outlook.

Summarizing the market segmentations

Based on type, the market is split into honeycomb, balsa, and foam. Among these, honeycomb segment of global core material industry is reckoned to witness commendable growth in the ensuing years. Technological advancements have resulted in discovery of innovative methods in order to produce high-quality products, which in turn is fueling the segmental share.

The application reach of the overall industry comprises of transportation, marine, construction, wind energy, aerospace, and others. Estimates cite that global core material market share from wind energy application is predicted to expand significantly during the forecast period.

Core materials are widely adopted in wind energy sector owing to their high strength and weight reduction properties. In addition, inclination towards increasing the size of wind blades for better output is favoring the overall market scenario.

Elaborating on the regional terrain

Global core material market size is segmented into North America, Asia-Pacific, and Europe, with key focus on countries such as Canada, United States, Germany, France, Spain, United Kingdom, Japan, China, South Korea, and India.

According to authentic estimates, North America presently accounts for the largest market share and is reckoned to witness continuous growth in the subsequent years. Increasing infrastructural development, robust technological breakthroughs, and rapid urbanization have impelled the demand for core materials, which in turn is positively swaying the business dynamics in North America.

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Highlighting the competitive scenario

The companies that define worldwide core material market trends are Changzhou Tiansheng New Materials Co. Ltd., Plascore Inc., Euro Composites Corp., Evonik Industries AG, Armacell International GmbH, Gurit Holding AG, The Gill Corp., 3A Composites GmbH, Hexcel Corp., and Diab Group AB among others. These industry participants are making R&D investments in order to develop products with enhanced quality, thereby gaining competitive advantage in the overall business sphere.

Global Core Material Market by Type (Revenue, USD Million, 2015-2025)

  • Honeycomb
  • Balsa
  • Foam

Global Core Material Market by Application Reach (Revenue, USD Million, 2015-2025)

  • Transportation
  • Marine
  • Construction
  • Wind Energy
  • Aerospace
  • Others

Global Core Material Market Regional Scope (Revenue, USD Million, 2015-2025)

North America

  • United States
  • Canada

Europe

  • United Kingdom
  • France
  • Spain
  • Germany

Asia-Pacific

  • India
  • Japan
  • China
  • South Korea

Global Core Material Market Competitive Analysis (Revenue, USD Million, 2015-2025)

  • Changzhou Tiansheng New Materials Co. Ltd.
  • Plascore Incorporated
  • Euro Composites Corp.
  • Evonik Industries AG
  • Armacell International GmbH
  • Gurit Holding AG
  • The Gill Corporation
  • 3A Composites GmbH
  • Hexcel Corporation
  • Diab Group AB

Table of Contents

1. Report Scope and Methodology

1.1 Scope of the Report

1.2 Research Methodology

1.3 Executive Summary

2. Strategic Recommendations

3. Global Core Material Market: Product Outlook

4. Global Core Material Market: Sizing and Forecast

4.1 Market Size, By Value, Year 2015-2025

4.2 Impact of COVID-19 on Global Core Material Market

5. Global Core Material Market Segmentation By Type

5.1 Competitive Scenario of Global Core Material: By Type

5.2 Foam Market Size and Forecast (2020-2025)

5.3 Balsa Market Size and Forecast (2020-2025)

5.4 Honeycomb Market Size and Forecast (2020-2025)

6. Global Core Material Market Segmentation By Application

6.1 Competitive Scenario of Global Core Material: By Application

6.2 Aerospace Market Size and Forecast (2020-2025)

6.3 Wind Energy Market Size and Forecast (2020-2025)

6.4 Construction Market Size and Forecast (2020-2025)

6.5 Marine Market Size and Forecast (2020-2025)

7. Global Core Material Market: Regional Analysis

7.1 Competitive Scenario of Global Core Material: By Region, By Value

8. North America Core Material Market: An Analysis (2020-2025)

8.1 North America Core Material Market: Size and Forecast (2020-2025), By Value

8.2 Market Segmentation By Type(Foam, Balsa, Honeycomb)

8.3 Market Segmentation By Application(Aerospace, Wind Energy, Marine, Construction, Transportation, Others)

8.4 North America Core Material Market: Country Analysis

8.5 Competitive Scenario of North America Core Material: By Country, By Value

9. Europe Core Material Market: An Analysis (2020-2025)

9.1 Europe Core Material Market: Size and Forecast (2020-2025), By Value

9.2 Market Segmentation By Type(Foam, Balsa, Honeycomb)

9.3 Market Segmentation By Application(Aerospace, Wind Energy, Marine, Construction, Transportation, Others)

9.4 Europe Core Material Market: Country Analysis

9.5 Competitive Scenario of Europe Core Material: By Country, By Value

10. Asia Pacific Core Material Market: An Analysis (2020-2025)

10.1 Asia Pacific Core Material Market: Size and Forecast (2020-2025), By Value

10.2 Market Segmentation By Type(Foam, Balsa, Honeycomb)

10.3 Market Segmentation By Application(Aerospace, Wind Energy, Marine, Construction, Transportation, Others)

10.4 Asia Pacific Core Material Market: Country Analysis

10.5 Competitive Scenario of Asia Pacific Core Material: By Country, By Value

11. Global Core Material Market Dynamics

11.1 Global Core Material Market Drivers

11.2 Global Core Material Market Restraints

11.3 Global Core Material Market Trends

12. Market Attractiveness and Strategic Analysis

12.1.1 Market Attractiveness Chart of Global Core Material Market - By Type, By Value

12.1.2 Market Attractiveness Chart of Global Core Material Market - By Region, By Value

12.2 Strategic Analysis

12.2.1 Key Developments in Core Material Market

12.2.2 Mergers and Acquisitions

13. Competitive Landscape

Related Report:

Ceramic Coating Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Ceramic Coating Market size exhibit a growth rate of over 8.1% from 2020 to 2026, as per new research report. Rising applications of ceramic coatings in the aerospace & healthcare industries and increasing product demand in the automotive industry are further anticipated to offer new opportunities to the overall market growth during the forecast period. Ceramic coatings provide several advantages such as increasing the lifetime of components, reducing heat on high-temperature components, preventing corrosion, reducing friction, and improving the appearance of surfaces. Additionally, it offers excellent properties including anti-corrosion, heat resistance, and weathering efficiency, spurring the ceramic coating market demand in various industries.

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