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2021
Core Materials Market

Core materials Market: by outer skin type (GFRP, CFRP, NFRP, Others) by type (Foam, Honeycomb, Balsa) by end-use (Wind Energy, Aerospace & Defence, Marine, Automotive & Transportation, Construction, Industrial, Others (sporting goods and healthcare)) Global Opportunity Analysis and Industry Forecast, 2021–2030

A13820
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Dec 2021 | 25 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Core materials are materials with composite skins which create a sandwich structure-based laminate with properties such as high stiffness and low weight. Core materials are available and produced in a number of forms which include, end-grain balsa wood, poly-vinyl chloride foam, urethane foam, non-woven core fabrics, and a wide variety of honeycomb materials. The structure of core materials is similar to that of a sandwich wherein the material is bonded between two composite skins. The addition of a core in a laminate leads to an increase in the section modulus and provides stiffness to the core material, which can be used to create lightweight structures. Core materials find applications in the production of strong stiff, and lightweight structures for high performance products.

Market Scope and Structure Analysisv

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, Outer skin type, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

3A Composites (Switzerland), Diab Group (Sweden), Gurit (Switzerland), Hexcel Corporation (US), Armacell International S.A. (Luxembourg), Euro-Composites S.A. (Luxembourg), Changzhou Tiansheng New Materials Co. Ltd. (China), and The Gill Corporation (US).

 

COVID-19 Impact analysis

  • Effect of COVID-19 has a direct impact on the core materials, owing to the disruption in the supply chain, longer downtime, lockdown scenario, and temporary suspension of wind energy projects, which is projected to hamper the production and demand for core materials in the wind energy industry.

Top Impacting Factors
Core materials are the type of materials used in wind energy equipment & aerospace for improving the strength of the materials. They are usually low strength materials & its greater thickness offers the sandwich composite a high bending stiffness with low density. They are widely used in industries that include marine, wind energy, and automotive. Rise in growth in the aerospace industry is the crucial factor escalating the market growth, also surge in demand from the wind energy industry & rise in use of composites in the aerospace industry are the major factors propelling the growth of the core materials market. Governments’ tax incentives & stimulus packages & the increase in emergence of pet foam is anticipated to create new opportunities for the core materials market during the forecast period.
Market Trends

  • The prime driver for the growth of the core materials market happens to be the aerospace & defense industry. Increase in air traffic owing to the rise in presence of low-cost carriers across the globe mandates the requirement to increase fleet sizes of living airline operators moreover, to fulfilling need of newer carriers entering the aerospace industry. Moreover, the demand for generation of clean power from renewable sources such as wind energy is also helping the growth of the core materials market. Further, core materials also find application in aircraft flooring, unmanned aerial vehicles as well as several structural applications.
  • One of the key and crucial factors which is obstructing the growth of the core materials market is the absence of economical manufacturing processes for manufacturing core materials in huge quantities. In addition, the capital-intensive nature of the business is also likely to deter players from entering the market, thereby hampering the growth of the market.
  • Core materials are distinguished by their highest resistance to impact and compression, high rigidity rates, low weight, simple formability, and sustainability. 
  • Core composites materials supply ultra-performing composites for virtually all marine components such as hull bottoms, sides & walls, superstructures, bulkheads, and stringers to transom, floors & interiors. 
  • PVC foams are commonly used core materials in the marine industry owing to the constant density, high moisture tolerance, and excellent physical properties. 
  • Lightweight and rigid with outstanding mechanical and structural properties, the PVC core is highly consistent in cross-section and attaches well to structures made of resin and laminate constructions. 
  • Therefore, the demand for core materials in the marine industry is estimated to boost in the forecast era, due to these properties.

Key Segments Covered
Outer Skin Type

  • GFRP
  • CFRP
  • NFRP
  • Others


Type

  • Foam
  • Honeycomb
  • Balsa

End-use

  • Wind Energy
  • Aerospace & Defence
  • Marine
  • Automotive & Transportation
  • Construction
  • Industrial
  • Others (sporting goods and healthcare)

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

Key Benefits of the Report

  • This study presents the analytical depiction of the Core materials industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Core materials market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Core materials market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Core materials market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Core materials Report

  • Who are the leading market players active in the Core materials market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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