Reports and Data estimates the global Structural Core Materials competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2027 as the forecast period. The report offers CAGR and market size for the global Structural Core Materials during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Plascore, Diab Group, Gurit Holding, Evonik Industries, Schweiter Technologies, Hexcel Corporation, Changzhou Tiansheng New Materials Co. Ltd., Armacell International, The Gill Corporation, BASF, and Verdane, among others.
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Structural Core Materials Overview :-
The Structural Core Material Market size is projected to reach USD 3.14 billion by 2026 from USD 2.02 Billion in 2019, showcasing a growth rate of 5.6% through the forecast period. The market growth is driven by the growing demand for structural composites from the wind energy and aerospace industry. Structural core materials are extensively used for the construction of high-performance structures across architectural and other industrial applications. The purpose of increasing the incorporation of these materials in the marine, automotive, transportation, and other industries is to enhance energy efficiency by cutting down on weight. By using an apt core material in construction, sound insulation, fire resistance, and thermal conductivity of the final structure can be exponentially enhanced. The core materials are called sandwich construction, which comprises of three elements, including the back skin laminate, the core material, and the face skin laminate. The utilization of core helps in creating a thicker laminate without a major increase in weight, while the laminate offers optimum stiffness.
This technology is widely demonstrated in trucks, boats, automobiles, building panels, wind turbine blades, and others. If the structural core material and laminate are chosen properly, a weight increase of 3% can boost stiffness seven times and flexural strength by a 3.5 times magnitude. Structural core materials are produced in a variety of forms, such as PVC foam, end-grain balsa wood, non-woven core fabrics, several types of honeycomb materials, urethane foam, and others to suit various application landscapes.
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For the purpose of this report Reports and Data has segmented global Structural Core Materials market on the basis of type, application, and region:
Material Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
· CFRP (Carbon Fiber Reinforced Polymer)
· GFRP (Glass Fiber Reinforced Polymer)
· NFRP (Natural Fiber Reinforced Polymer)
Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
End Users Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2017-2027)
· Wind energy
Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
· What is the expected year-on-year growth of the Structural Core Materials during the forecast period?
· What key trends are expected influence revenue growth of the market going ahead?
· Which region is expected to account for largest revenue share over the forecast period?
· Which key companies are profiled in the report?
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About Reports and Data
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