Global Structural Core Materials Market is expected to reach USD XX Billion by 2026 from USD 1.71 Billion in 2018 at a CAGR of XX %.
Escalating demand for structural core materials from the wind energy industry, aerospace industry and marine industry is the major factor fuelling the market growth. Structural core materials market is widely used to increase stiffness and reduce the weight of a composite structure. This drives the market for structural core material market. Rapid expansion of the aerospace and automotive industries is boosting the demand for structural core materials.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Structural core materials market based on type has been segmented into foam, honeycomb and balsa. Foam is expected to be one of the major contributors of the market for structural core materials. It increases strength and stiffness by keeping composite and non-composite structures lightweight.
Structural core materials market based on outer skin type has been segmented into glass fiber reinforced polymer, carbon fiber reinforced polymer, and natural fiber reinforced polymer and others. Glass fiber reinforced polymer segment is expected grow at a high CAGR during the forecast period. This is due to extensive use of glass fiber reinforced polymer in wind turbine blades owing to its properties such as rigidity, high strength-to-weight ratio, corrosion resistivity and good tensile strength.
Structural core materials market based on end-use industry has been segmented into aerospace, wind energy, marine, transportation, construction and others. Wind energy end-use industry is expected to hold one of the largest shares of the markets for structural core materials. This is due to large use of composites for blades of large wind turbines that are made by combining structural core materials.
Geographically, North America is expected to be one of the largest markets for structural core materials during the forecast period. This is due to large demand for honeycomb core materials from the wind energy and aerospace end-use industries.
Scope of the Global Structural Core Materials Market:
Global Structural Core Materials Market, by Type
• Foam
• Honeycomb
• Balsa
Global Structural Core Materials Market, by Outer Skin Type:
• Glass fiber reinforced polymer (GFRP)
• Carbon fiber reinforced polymer (CFRP)
• Natural fiber reinforced polymer (NFRP)
• Others
Global Structural Core Materials Market, by End-use Industry:
• Aerospace
• Wind Energy
• Marine
• Transportation
• Construction
• Others
Global Structural Core Materials Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Global Structural Core Materials Market:
• Diab Group (Sweden)
• Hexcel Corporation (US)
• Schweiter Technologies (Switzerland)
• Evonik Industries (Germany)
• Gurit Holding (Switzerland)
• Armacell International (Luxembourg)
• The Gill Corporation (US)
• Changzhou Tiansheng New Materials (China)
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