HOME Top Market Reports Core Materials Market for Composites by Type (Foam, Honeycomb, and Balsa), End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction), and Region - Global Forecasts to 2022

Core Materials Market for Composites by Type (Foam, Honeycomb, and Balsa), End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction), and Region - Global Forecasts to 2022

By: marketsandmarkets.com
Publishing Date: June 2017
Report Code: CH 3159

 

  Speak to Analyst Enquiry Before Buying Webinar
purchase report
download pdf  request for customisation


The global core materials market for composites is projected to grow from USD 1.17 Billion in 2016 to USD 1.92 Billion by 2022, at a CAGR of 8.77% between 2017 and 2022. The use of core materials is becoming crucial in wind energy, aerospace, marine, transportation, construction, and other industries. Furthermore, core material manufacturers are signing supply agreements with various end-use industries to secure their position in the core materials market for composites.

In this study, the years considered to estimate the market size of core materials market for composites have been mentioned below:

  • Base Year – 2016
  • Estimated Year – 2017
  • Projected Year – 2022
  • Forecast Period – 2017 to 2022

The year 2016 has been considered as the base year for company profiles. Whenever information was not available for the base year, the year prior to it has been considered.

Objectives of the Study

  • To analyze and forecast the market size of core materials, in terms of volume (kiloton) and value (USD million)
  • To provide detailed information regarding the key factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To define, describe, and forecast the core materials market for composites on the basis of type and end-use industry
  • To analyze and forecast the core materials market for composites for regions, namely, North America, Europe, Asia-Pacific, the Middle East & Africa (ME&A), Latin America, and their major countries
  • To analyze and forecast the market size on the basis of end-use industry, in terms of volume and value, for five main regions
  • To analyze and forecast the market size on the basis of type for major countries
  • To strategically analyze the market with respect to individual growth trends, future prospects, and contribution of submarkets1 to the overall market
  • To analyze market opportunities, and competitive landscape for stakeholders and market leaders
  • To do competitive benchmarking based on product offerings and different business strategies, such as alliances, joint ventures, mergers & acquisitions, and new product developments
  • To strategically profile key players and analyze their core competencies2

Various secondary sources, such as such as Factiva, Hoovers, and Manta, among others, have been used to understand and gain insights into the global core materials market for composites. Experts from top core material companies have been interviewed to verify and collect critical information, and to assess the trends in the core materials market for composites during the forecast period. Top-down, bottom-up, and data triangulation approaches have been implemented to calculate the exact values of the overall parent and individual market sizes.

Core Materials Market for Composites

To know about the assumptions considered for the study, download the pdf brochure

The market for core materials for composites has a diversified and established ecosystem of its upstream players, such as raw material suppliers and downstream stakeholders, such as manufacturers, vendors, end users, and government organizations. Most of the major players in the core materials market for composites have backward and forward integration to strengthen their position in the market. Some of the manufacturers of core materials  include Diab Group (Sweden), Hexcel Corporation (U.S.), 3A Composites (Switzerland), Euro-Composites S.A. (Luxembourg), Gurit Holding AG (Switzerland), and The Gill Corporation (U.S.).

Target audience

  • Core Materials Manufacturers
  • Raw Materials Suppliers
  • Distributors and Suppliers
  • End-Use Industries
  • Industry Associations

“This study answers several questions for the stakeholders, primarily, which market segments to focus in the next two to five years for prioritizing the efforts and investments.”

Scope of the Report:

This research report categorizes the core materials market for composites based on type, end-use industry, and region, and forecasts revenue growth and analysis of trends in each of the submarkets.

By Type:

  • Foam
  • Honeycomb
  • Balsa

By End-Use Industry:

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

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle East & Africa (ME&A)
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Regional Analysis

  • Further breakdown of the North America core materials market for composites
  • Further breakdown of the Europe core materials market for composites
  • Further breakdown of the Asia-Pacific core materials market for composites
  • Further breakdown of the ME&A core materials market for composites
  • Further breakdown of the Latin America core materials market for composites

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
           2.1.3 Key Industry Insights
           2.1.4 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Core Materials Market Size, 2017–2022 (USD Million)
    4.2 Core Materials Market, By Type, 2017–2022
    4.3 Core Materials Market By Region and End-Use Industry
    4.4 Market Attractiveness, By Country, 2017–2022
    4.5 Core Materials Market Size, End-Use Industry

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand From Wind Energy Industry
                    5.2.1.2 Growing Use of Composites in Aerospace Industry
                    5.2.1.3 Recovery of Marine Industry in the U.S. From Economic Recession
           5.2.2 Restraints
                    5.2.2.1 Delay and Uncertainity in Renewal of Production Tax Credit (PTC)
                    5.2.2.2 Highly Capital-Intensive Market
           5.2.3 Opportunities
                    5.2.3.1 Emergence of PET Foam
           5.2.4 Challenges
                    5.2.4.1 Price Reduction Through Bulk Production and Novel Manufacturing Processes
    5.3 Porter’s Five Forces Analysis
           5.3.1 Threat of New Entrants
           5.3.2 Threat of Substitutes
           5.3.3 Bargaining Power of Buyers
           5.3.4 Bargaining Power of Suppliers
           5.3.5 Intensity of Rivalry

6 Macroeconomic Overview and Key Drivers (Page No. - 46)
    6.1 Introduction
    6.2 Trends and Forecast of GDP
    6.3 Per Capita GDP vs Per Capita Core Materials Demand
    6.4 Trends and Forecast of Construction Industry
    6.5 Trends of Wind Energy Industry
    6.6 Trends of Aerospace Industry
    6.7 Trends of Automotive Industry

7 Core Materials Market, By Type (Page No. - 60)
    7.1 Introduction
    7.2 Foam
           7.2.1 PVC Foam
           7.2.2 PET Foam
           7.2.3 SAN Foam
           7.2.4 Others
                    7.2.4.1 Polystyrene (PS)
                    7.2.4.2 Polymethacrylimide (PMI)
                    7.2.4.3 Polyetherimide (PEI)
                    7.2.4.4 Polyurethane (PU)
    7.3 Honeycomb
           7.3.1 Aluminum
           7.3.2 Aramid
           7.3.3 Thermoplastic
    7.4 Balsa

8 Core Materials Market, By End-Use Industry (Page No. - 70)
    8.1 Introduction
    8.2 Aerospace
    8.3 Wind Energy
    8.4 Marine
    8.5 Transportation
    8.6 Construction
    8.7 Others

9 Core Materials Market, By Region (Page No. - 81)
    9.1 Introduction
    9.2 North America
           9.2.1 By Type
           9.2.2 By End-Use Industry
           9.2.3 By Country
           9.2.4 U.S.
                    9.2.4.1 By Type
           9.2.5 Canada
                    9.2.5.1 By Type
    9.3 Europe
           9.3.1 By Type
           9.3.2 By End-Use Industry
           9.3.3 By Country
           9.3.4 Germany
                    9.3.4.1 By Type
           9.3.5 France
                    9.3.5.1 By Type
           9.3.6 U.K.
                    9.3.6.1 By Type
           9.3.7 Rest of Europe
                    9.3.7.1 Italy
                    9.3.7.2 Austria
                    9.3.7.3 Netherlands
                    9.3.7.4 Poland
                    9.3.7.5 Sweden
                    9.3.7.6 Spain
                    9.3.7.7 Russia
                    9.3.7.8 Turkey
    9.4 Asia-Pacific
           9.4.1 By Type
           9.4.2 By End-Use Industry
           9.4.3 By Country
           9.4.4 China
                    9.4.4.1 By Type
           9.4.5 Japan
                    9.4.5.1 By Type
           9.4.6 India
                    9.4.6.1 By Type
           9.4.7 Rest of Asia-Pacific
                    9.4.7.1 Korea
                    9.4.7.2 Australia & New Zealand
                    9.4.7.3 Malaysia
    9.5 ME&A
           9.5.1 By Type
           9.5.2 By End-Use Industry
           9.5.3 By Country
           9.5.4 Saudi Arabia
                    9.5.4.1 By Type
           9.5.5 South Africa
                    9.5.5.1 By Type
           9.5.6 Rest of ME&A
                    9.5.6.1 UAE
    9.6 Latin America
           9.6.1 By Type
           9.6.2 By End-Use Industry
           9.6.3 By Country
           9.6.4 Brazil
                    9.6.4.1 By Type
           9.6.5 Mexico
                    9.6.5.1 By Type
           9.6.6 Rest of Latin America
                    9.6.6.1 Argentina
                    9.6.6.2 Chile

10 Competitive Landscape (Page No. - 116)
     10.1 Introduction
             10.1.1 Dynamic
             10.1.2 Innovator
             10.1.3 Vanguard
             10.1.4 Emerging
     10.2 Competitive Benchmarking
     10.3 Product Offerings (For 25 Companies)
     10.4 Business Strategy (For 25 Companies)
     10.5 Market Share Analysis

11 Company Profiles (Page No. - 121)
(Overview, Financial*, Products & Services, Strategy, and Developments)
     11.1 Diab Group (Ratos)
     11.2 Evonik Industries AG
     11.3 Gurit Holding AG
     11.4 3A Composites
     11.5 Hexcel Corporation
     11.6 Armacell International S.A.
     11.7 Changzhou Tiansheng New Materials Co. Ltd
     11.8 The Gill Corporation
     11.9 Euro-Composites S.A.
     11.10 Plascore Incorporated
     11.11 Other Key Players
             11.11.1 Sabic
             11.11.2 BASF SE
             11.11.3 Matrix Composite Materials Company Ltd.
             11.11.4 Core Composites
             11.11.5 I-Core Composites, LLC.
             11.11.6 OMNI Composites
             11.11.7 Carbon Core Corp
             11.11.8 ACP Composites
             11.11.9 Amorim Cork Composites
             11.11.10 Allnex Industries
             11.11.11 Composite Canada
             11.11.12 Core-Lite Inc.
             11.11.13 Polyumac Usa, LLC
             11.11.14 Atl Composites
             11.11.15 Milliken

*Details Might Not Be Captured in Case of Unlisted Companies

12 Appendix (Page No. - 157)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports
     12.7 Author Details


List of Tables (101 Tables)

Table 1 Global Wind Installations, 2011–2016
Table 2 Properties of PET Foam in End-Use Industries
Table 3 Trends and Forecast of GDP, USD Billion (2017–2022)
Table 4 Per Capita GDP vs Per Capita Core Materials Demand, 2016
Table 5 Trends and Forecast of Construction Industry in North America, USD Billion (2015–2022)
Table 6 Trends and Forecast of Construction Industry in Europe, USD Billion (2015–2022)
Table 7 Trends and Forecast of Construction Industry in Asia-Pacific, USD Billion (2015–2022)
Table 8 Trends and Forecast of Construction Industry in ME&A, USD Billion (2015–2022)
Table 9 Trends and Forecast of Construction Industry in Latin America, USD Billion (2015–2022)
Table 10 Trends of Wind Energy Industry, MW (2015–2016)
Table 11 Market of New Airplanes, 2016
Table 12 Trends of Automotive Industry, Thousand Units (2011–2015)
Table 13 Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 14 Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 15 Foam Core Materials Market Size, By Region, 2015–2022 (USD Million)
Table 16 Foam Core Materials Market Size, By Region, 2015–2022 (Kiloton)
Table 17 Honeycomb Core Materials Market Size, By Region, 2015–2022 (USD Million)
Table 18 Honeycomb Core Materials Market Size, By Region, 2015–2022 (Kiloton)
Table 19 Balsa Core Materials Market Size, By Region, 2015–2022 (USD Million)
Table 20 Balsa Core Materials Market Size, By Region, 2015–2022 (Kiloton)
Table 21 Core Materials Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 22 Core Materials Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 23 Core Materials Market Size in Aerospace Industry, By Region, 2015–2022 (USD Million)
Table 24 Core Materials Market Size in Aerospace Industry, By Region, 2015–2022 (Kiloton)
Table 25 Core Materials Market Size in Wind Energy Industry, By Region, 2015–2022 (USD Million)
Table 26 Core Materials Market Size in Wind Energy Industry, By Region, 2015–2022 (Kiloton)
Table 27 Core Materials Market Size in Marine Industry, By Region, 2015–2022 (USD Million)
Table 28 Core Materials Market Size in Marine Industry, By Region, 2015–2022 (Kiloton)
Table 29 Core Materials Market Size in Transportation Industry, By Region, 2015–2022 (USD Million)
Table 30 Core Materials Market Size in Transportation Industry, By Region, 2015–2022 (Kiloton)
Table 31 Core Materials Market Size in Construction Industry, By Region, 2015–2022 (USD Million)
Table 32 Core Materials Market Size in Construction Industry, By Region, 2015–2022 (Kiloton)
Table 33 Core Materials Market Size in Other Industries, By Region, 2015–2022 (USD Million)
Table 34 Core Materials Market Size in Other Industries, By Region, 2015–2022 (Kiloton)
Table 35 Core Materials Market Size, By Region, 2015–2022 (USD Million)
Table 36 Core Materials Market Size, By Region, 2015–2022 (Kiloton)
Table 37 North America: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 38 North America: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 39 North America: Core Materials Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 40 North America: Core Materials Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 41 North America: Core Materials Market Size, By Country, 2015–2022 (USD Million)
Table 42 North America: Core Materials Market Size, By Country, 2015–2022 (Kiloton)
Table 43 U.S.: New Wind Energy Installations, 2010–2016, (MW)
Table 44 U.S.: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 45 U.S.: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 46 Canada: New Wind Energy Installations, 2010–2016 (MW)
Table 47 Canada: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 48 Canada: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 49 Europe: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 50 Europe: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 51 Europe: Core Materials Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 52 Europe: Core Materials Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 53 Europe: Core Materials Market Size, By Country, 2015–2022 (USD Million)
Table 54 Europe: Core Materials Market Size, By Country, 2015-2022 (Kiloton)
Table 55 Germany: New Wind Energy Installations, 2010–2016 (MW)
Table 56 Germany: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 57 Germany: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 58 France: New Wind Energy Installations, 2010–2016 (MW)
Table 59 France: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 60 France: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 61 U.K.: New Wind Energy Installations, 2010–2016 (MW)
Table 62 U.K.: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 63 U.K.: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 64 Asia-Pacific: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 65 Asia-Pacific: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 66 Asia-Pacific: Core Materials Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 67 Asia-Pacific: Core Materials Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 68 Asia-Pacific: Core Materials Market Size, By Country, 2015–2022 (USD Million)
Table 69 Asia-Pacific: Core Materials Market Size, By Country, 2015–2022 (Kiloton)
Table 70 China: New Wind Energy Installations, 2010–2016 (MW)
Table 71 China: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 72 China: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 73 Japan: New Wind Energy Installations, 2010–2016, (MW)
Table 74 Japan: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 75 Japan: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 76 India: New Wind Energy Installations, 2010–2016 (MW)
Table 77 India: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 78 India: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 79 ME&A: New Wind Energy Installations, 2010–2016 (MW)
Table 80 ME&A: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 81 ME&A: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 82 ME&A: Core Materials Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 83 ME&A: Core Materials Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 84 ME&A: Core Materials Market Size, By Country, 2015–2022 (USD Million)
Table 85 ME&A: Core Materials Market Size, By Country, 2015–2022 (Kiloton)
Table 86 Saudi Arabia: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 87 Saudi Arabia: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 88 South Africa: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 89 South Africa: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 90 Latin America: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 91 Latin America: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 92 Latin America: Core Materials Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 93 Latin America: Core Materials Market Size, By End-Use Industry, 2015–2022 (Kiloton)
Table 94 Latin America: Core Materials Market Size, By Country, 2015-2022 (USD Million)
Table 95 Latin America: Core Materials Market Size, By Country, 2015-2022 (Kiloton)
Table 96 Brazil: New Wind Energy Installations, 2010–2016 (MW)
Table 97 Brazil: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 98 Brazil: Core Materials Market Size, By Type, 2015–2022 (Kiloton)
Table 99 Mexico: New Wind Energy Installations, 2010-2016 (MW)
Table 100 Mexico: Core Materials Market Size, By Type, 2015–2022 (USD Million)
Table 101 Mexico: Core Materials Market Size, By Type, 2015–2022 (Kiloton)


List of Figures (52 Figures)

Figure 1 Core Materials Market Segmentation
Figure 2 Core Materials Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Core Materials Market: Data Triangulation
Figure 6 Foam Core to Register the Highest CAGR in Core Materials Market, in Terms of Volume, 2017–2022
Figure 7 Aerospace to Dominate Core Materials Market, By End-Use Industry
Figure 8 Core Materials Market, By Country, 2016
Figure 9 Asia-Pacific to Be the Fastest-Growing Market for Core Materials
Figure 10 Attractive Opportunities in Core Materials Market
Figure 11 Foam to Be the Fastest-Growing Type Segment in Core Materials Market
Figure 12 North America Accounted for the Largest Share in Core Materials Market, 2016
Figure 13 China to Register the Highest CAGR During Forecast Period
Figure 14 Wind Energy Industry Leads the Core Materials Market in Terms of Volume
Figure 15 Drivers, Restraints, Opportunities, and Challenges of Core Materials Market
Figure 16 New Wind Energy Capacity Installations in U.S. (MW)
Figure 17 Porter’s Five Forces Analysis of Core Materials Market
Figure 18 Trends and Forecast of GDP, USD Billion, 2016
Figure 19 Per Capita GDP vs Per Capita Core Materials Demand
Figure 20 Trends and Forecast of Construction Industry in North America, USD Billion, 2017 vs 2022
Figure 21 Trends and Forecast of Construction Industry in Europe, USD Billion, 2017 vs 2022
Figure 22 Trends and Forecast of Construction Industry in Asia-Pacific, USD Billion, 2017 vs 2022
Figure 23 Trends and Forecast of Construction Industry in ME&A, USD Billion, (2017 vs 2022)
Figure 24 Trends and Forecast of Construction Industry in Latin America, USD Billion, 2017 vs 2022)
Figure 25 Wind Energy Installed Capacity, MW (2015–2016)
Figure 26 Trends of New Airplane Deliveries, By Region, 2016
Figure 27 Trends of Automotive Industry, Thousand Units (2015)
Figure 28 Foam to Be the Fastest-Growing Type in Core Materials Market
Figure 29 PET to Be the Fastest-Growing Segment in Foam Core Materials Market
Figure 30 Asia-Pacific to Be the Fastest-Growing Region in Foam Core Materials Market
Figure 31 North America to Lead the Honeycomb Core Materials Market
Figure 32 Asia-Pacific Accounts for the Largest Share in Balsa Core Materials Market
Figure 33 Wind Energy to Be the Fastest-Growing End-Use Industries
Figure 34 North America Dominated Core Materials Market in Aerospace Industry
Figure 35 Asia-Pacific Accounts for the Major Share in Core Materials Market in Wind Energy Industry
Figure 36 Europe Leads Core Materials Market in Transportation Industry
Figure 37 Asia-Pacific is the Fastest-Growing Core Materials Market in Construction Industry
Figure 38 China to Drive Core Materials Market, in Terms of Volume, Between 2017 and 2022
Figure 39 North America: U.S. to Be the Most Lucrative Core Materials Market
Figure 40 Europe: Germany is the Fastest-Growing Core Materials Market
Figure 41 Asia-Pacific: China to Be the Key Core Materials Market Between 2017 and 2022
Figure 42 Wind Energy to Be the Fastest-Growing End-Use Industry for Core Materials in ME&A (2017–2022)
Figure 43 Aerospace to Be the Fastest-Growing End-Use Industry in Latin America (2017–2022)
Figure 44 Dive Chart
Figure 45 Market Share of Key Players, 2016
Figure 46 Diab Group (Ratos): Company Snapshot
Figure 47 Evonik Industries: Company Snapshot
Figure 48 Gurit Holding AG: Company Snapshot
Figure 49 3A Composites: Company Snapshot
Figure 50 Hexcel Corporation: Company Snapshot
Figure 51 Armacell International S.A.: Company Snapshot
Figure 52 Changzhou Tiansheng New Materials Co. Ltd.: Company Snapshot

The global size of the core materials market for composites, in terms of value, is projected to reach USD 1.92 Billion by 2022, at a CAGR of 8.77% between 2017 and 2022. Increasing number of patents being filed for core materials by global players, growing manufacturing industries, and continuous agreements, partnerships & joint ventures, expansions, new product & technology launches, and mergers & acquisitions activities undertaken by various companies are key factors driving the global core materials market for composites.

The global core materials market for composites is segmented on the basis of type, end-use industry, and region. Based on type, the core materials market for composites has been further segmented into foam, honeycomb, and balsa. Foam is expected to be the fastest-growing type segment of the core materials market for composites. Foam core imparts strength and stiffness while keeping the composite structure lightweight. Rapid growth in the wind energy industry, wind turbine blade manufacturing, and emergence of China and other Asian countries as major wind energy producers are factors fueling  the consumption of foam core, thereby driving the core materials market for composites at a significant pace.

Major end-use industries in the core materials market for composites are aerospace, wind energy, marine, transportation, construction, and others. The wind energy segment is projected to grow at the highest rate between 2017 and 2022. This can be attributed to the use of composites in designing of blades for large wind turbines. These blades are made by combining core materials and glass reinforced polyester/epoxy. The renewal of Production Tax Credit (PTC) in the U.S. has helped the wind energy market to grow, thereby driving the core materials market for composites. The wind energy segment is estimated to grow due to the rising demand for clean energy across the globe.

North America led the core materials market for composites, in terms of value, in 2016, owing to high demand for honeycomb core materials from aerospace and wind energy end-use industries. Established players, such as Hexcel Corporation (U.S.) and The Gill Corporation (U.S.) are accelerating their efforts to increase the production of honeycomb and foam core materials for composites to meet the increasing demand from aircraft and wind blade manufacturers. Therefore, increasing application of honeycomb and foam core materials in the aerospace and wind energy end-use industries is expected to drive the core materials market for composites.

Core Materials Market for Composites

The core materials market for composites is rapidly gaining importance though a few factors are acting as bottlenecks in its growth. The capital-intensive nature of the industry and the uncertain wind energy market in the U.S. are some of the major restraints to growth of the core materials market for composites.

The Diab Group (Sweden) is one of the major manufacturers of core materials. It emphasizes on excellence in consumer centric product creation, and focuses mainly on strategies, such as new product launches, agreements, partnerships, and expansions to grow. The company carried out continuous improvements in several business areas by maintaining its focus. It follows various strategic moves to sustain its position as a market leader.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

Please visit https://www.marketsandmarkets.com/knowledge-process-outsourcing-services.asp to specify your custom Research Requirement

Connect With Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441
UK : 44-800-368-9399

Search reports



Access reports on all high
growth Fibers and Composites Markets on KnowledgeStore
Request Demo