North America Core Materials Market

The study involved two major activities in estimating the current size of the North America Core Materials Market. Exhaustive secondary research was performed to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation procedures were used to determine the extent of market segments and sub-segments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering core materials and information from various trade, business, and professional associations. Secondary research has been used to obtain critical information about the industry’s value chain, the total pool of key players, market classification, and segmentation according to industry trends to the bottom-most level and regional markets. The secondary data was collected and analyzed to arrive at the overall size of the core material market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the core material market scenario through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. Primary data was collected through questionnaires, emails, and telephonic interviews. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors from business development, marketing, product development/innovation teams, and related key executives from core material industry vendors; system integrators; component providers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customer/end users who are using the core materials, were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of core materials and future outlook of their business which will affect the overall market.

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

Market Size Estimation

The research methodology used to estimate the size of the core material market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations of core materials in different applications at a regional level. Such procurements provide information on the demand aspects of the core materials industry for each application. For each application, all possible segments of the core material market were integrated and mapped.

Core Material Market Size: Botton Up Approach

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall North America Core Materials Market size, using the market size estimation processes explained above, the market was split into several segments and sub-segments. In order to complete the whole market engineering process and arrive at the exact statistics of each market segment and sub-segment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides, mainly from the wind energy, aerospace & defense, marine, automotive & transportation, and other end-use industries.

Market Definition

The term "core materials" describes a wide variety of materials that are used as essential parts of composite structures in a variety of sectors. These substances function as the inner or central core of sandwich composite structures, offering crucial characteristics including insulation, rigidity, and strength while keeping a thin profile. Core materials, which are commonly classified into categories like foam, balsa wood, and honeycomb structures, are widely used in a variety of industries, including construction, wind energy, aerospace, marine, automotive, and industrial manufacturing. The market for core materials is always changing due to advances in materials science and the increased emphasis on lightweight and sustainable solutions. This is because a variety of end-use sectors are seeing a growing need for high-performance and affordable alternatives.

Key Stakeholders

• Core materials manufacturers and distributors
• Key application segments for composites
• Research and consulting firms
• R&D institutions
• Associations and government institutions
• Environmental support agencies

Report Objectives

• To analyze and forecast the size of the North America Core Materials Market, in terms of value and volume
• To provide detailed information about the key factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
• To analyze and forecast the market based on type and end-use industry
• To analyze and project the market based on four regions, namely, Europe, North America, Asia Pacific (APAC), and Rest of World (RoW)
• To strategically analyze the micro markets concerning individual growth trends, prospects, and their contribution to the overall market
• To analyze the opportunities in the market for stakeholders and provide a competitive landscape for market leaders
• To strategically profile the key players and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis

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

Regional Analysis

• Further breakdown of Rest of North America Core Materials Market

Company Information

• Detailed analysis and profiling of additional market players (up to 10)