Acumen Research and Consulting estimates that global core materials market size is expected to reach the market value of around USD 3 Billion by 2027 and is anticipated to grow at a CAGR of around 14% in terms of revenue during the forecast period 2020 – 2027.
The core materials are the materials for the enhancement of structural quality used in aircraft and wind energy devices. Core materials typically are of low resistance but their increased thickness allows high bending rigidity with low density for the sandwich composite. In a wide variety of industries, including maritime, wind and aerospace, core components are used. The core material is positioned between the refurbishing layers so that it is fixed to each side of the core material, offering a greater benefit.
The report provides analysis of global Core Materials market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2019 is considered as the base year.
Market Insights
The core materials market is increasing at a significant pace due to growth in the wind power industry, increasing utilization of core materials in the aerospace and space industries and higher investment in the maritime sector. However, Delays and uncertainty in renewal of output tax credit (PTC) and the sector, which is heavily capitalized hinder demand growth.
While leading wind turbine makers China, India, Indonesia and other Asian countries are rapidly seeking foam core. Improved aircraft development and space industry growth push the honeycomb core content demand primarily. It is calculated that 1,686 aircraft units will be delivered worldwide, which is expected to drive market growth by 2025 according to Boeing Company and Airbus Group.
Regional Stance
Asia Pacific region is anticipated to dominate the market led by China owing to the rising demand in emerging countries such as China and India for superior performance and environment friendly goods from the wind energy and aeronautical industries.
North America will have the second largest market share during the projection period. The involvement of original suppliers of aerospace equipment in the area contributes to competition for low weight core materials. Furthermore, the large number of wind turbines drives North America's market growth.
The need for lightweight core materials to be used in the aerospace industry is important in Europe. Europe is expected to see the growing demand for critical materials for numerous infrastructure projects, as one of the most desirable touristic destinations.
Latin America region has been witness to a decline due to the political instability in Argentina, Brazil, Colombia and Venezuela. On the other hand, Africa's market is expected to grow strongly due to the economic growth predicted in the region.
Report coverage
The market research study on “Core Materials Market (Core Materials Market By Type: Honeycomb, Foam, Balsa; Core Materials Market By End User: Construction, Marine, Automotive & Transportation, Wind Energy, Industrial, Aerospace & Defense, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027” offers a detailed insights on the global Core Materials market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report also provides competitive landscape to understand the current stance of particular player. The report covers global Core Materials market size, and segment markets by type, application, and geography along with the information on companies operating in the market. The Core Materials market analysis is provided for major regional markets including North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report.
The global Core Materials market is segmented as below:
Market Segmentation
Core Materials Market By Type
Honeycomb
Foam
Balsa
Core Materials Market By End User
Construction
Marine
Automotive & Transportation
Wind Energy
Industrial
Aerospace & Defense
Others
Core Materials Market By Geography
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of MEA
Key Players and Market Situation
Participants include major global players such Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd, Gurit Holding AG, The Gill Corporation, Euro-Composites S.A., Others.
These businesses follow numerous inorganic and organic approaches to increase their impact on the core markets of products. In the study, these key players on the core materials market, their business profiles, the latest developments and the key marketing strategies, will be examined in depth.
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Core Materials
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Core Materials Market By Type
1.2.2.1. Global Core Materials Market Revenue and Growth Rate Comparison By Type (2020-2027)
1.2.2.2. Global Core Materials Market Revenue Share By Type in 2019
1.2.2.2.1. Honeycomb
1.2.2.2.2. Foam
1.2.2.2.3. Balsa
1.2.3. Core Materials Market By End User
1.2.3.1. Construction
1.2.3.2. Marine
1.2.3.3. Automotive & Transportation
1.2.3.4. Wind Energy
1.2.3.5. Industrial
1.2.3.6. Aerospace & Defense
1.2.3.7. Others
1.2.4. Core Materials Market By Geography
1.2.4.1. Global Core Materials Market Revenue and Growth Rate Comparison by Geography (2020-2027)
1.2.4.2. North America Core Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.3. Europe Core Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.4. Asia-Pacific Core Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.5. Latin America Core Materials Market Revenue and Growth Rate(2020-2027)
1.2.4.6. Middle East and Africa (MEA) Core Materials Market Revenue and Growth Rate(2020-2027)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2019
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Pure Cashmere Major Manufacturers in 2019
3.2. Manufacturing Plants Distribution of Global Pure Cashmere Major Manufacturers in 2019
3.3. R&D Status and Technology Source of Global Pure Cashmere Major Manufacturers in 2019
3.4. Raw Materials Sources Analysis of Global Pure Cashmere Major Manufacturers in 2019
CHAPTER 4. Core Materials MARKET By Type
4.1. Global Pure Cashmere Revenue By Type
4.2. Honeycomb
4.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.3. Foam
4.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
4.4. Balsa
4.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 5. Core Materials MARKET By End User
5.1. Global Pure Cashmere Revenue By End User
5.2. Construction
5.2.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.3. Marine
5.3.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.4. Automotive & Transportation
5.4.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.5. Wind Energy
5.5.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.6. Industrial
5.6.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.7. Aerospace & Defense
5.7.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
5.8. Others
5.8.1. Market Revenue and Growth Rate, 2020 - 2027 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2020 - 2027 ($Million)
CHAPTER 6. NORTH AMERICA Core Materials MARKET BY COUNTRY
6.1. North America Core Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
6.2. North America Core Materials Market Revenue Share Comparison, 2020 & 2027 (%)
6.3. U.S.
6.3.1. U.S. Core Materials Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
6.3.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
6.4. Canada
6.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
6.4.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
CHAPTER 7. EUROPE Core Materials MARKET BY COUNTRY
7.1. Europe Core Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
7.2. Europe Core Materials Market Revenue Share Comparison, 2020 & 2027 (%)
7.3. UK
7.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.3.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
7.4. Germany
7.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.4.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
7.5. France
7.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.5.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
7.6. Spain
7.6.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.6.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
7.7. Rest of Europe
7.7.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
7.7.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
CHAPTER 8. ASIA-PACIFIC Core Materials MARKET BY COUNTRY
8.1. Asia-Pacific Core Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
8.2. Asia-Pacific Core Materials Market Revenue Share Comparison, 2020 & 2027 (%)
8.3. China
8.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.3.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
8.4. Japan
8.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.4.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
8.5. India
8.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.5.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
8.6. Australia
8.6.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.6.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
8.7. South Korea
8.7.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.7.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
8.8. Rest of Asia-Pacific
8.8.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
8.8.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
CHAPTER 9. LATIN AMERICA Core Materials MARKET BY COUNTRY
9.1. Latin America Core Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
9.2. Latin America Core Materials Market Revenue Share Comparison, 2020 & 2027 (%)
9.3. Brazil
9.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
9.3.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
9.4. Mexico
9.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
9.4.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
9.5. Rest of Latin America
9.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
9.5.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
CHAPTER 10. MIDDLE EAST & AFRICA Core Materials MARKET BY COUNTRY
10.1. Middle East & Africa Core Materials Market Revenue and Growth Rate, 2020 - 2027 ($Million)
10.2. Middle East& Africa Core Materials Market Revenue Share Comparison, 2020 & 2027 (%)
10.3. GCC
10.3.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
10.3.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
10.4. South Africa
10.4.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
10.4.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
10.5. Rest of Middle East & Africa
10.5.1. Market Revenue and Forecast By Type, 2020 - 2027 ($Million)
10.5.2. Market Revenue and Forecast By End User, 2020 - 2027 ($Million)
CHAPTER 11. COMPANY PROFILE
11.1. Armacell International S.A.
11.1.1. Company Snapshot
11.1.2. Overview
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. Key Developments
11.1.6. Strategies
11.2. Changzhou Tiansheng New Materials Co. Ltd
11.2.1. Company Snapshot
11.2.2. Overview
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. Key Developments
11.2.6. Strategies
11.3. Gurit Holding AG
11.3.1. Company Snapshot
11.3.2. Overview
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. Key Developments
11.3.6. Strategies
11.4. Howa-Tramico
11.4.1. Company Snapshot
11.4.2. Overview
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. Key Developments
11.4.6. Strategies
11.5. The Gill Corporation
11.5.1. Company Snapshot
11.5.2. Overview
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. Key Developments
11.5.6. Strategies
11.6. Euro-Composites S.A.
11.6.1. Company Snapshot
11.6.2. Overview
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. Key Developments
11.6.6. Strategies
11.7. Others
11.7.1. Company Snapshot
11.7.2. Overview
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. Key Developments
11.7.6. Strategies
CHAPTER 12. RESEARCH APPROACH
12.1. Research Methodology
12.1.1. Initial Data Search
12.1.2. Secondary Research
12.1.3. Primary Research
12.2. Assumptions and Scope
