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Pulished Date February, 2020
ID: 8223
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Core Materials Market by Type (Honeycomb, Balsa, and Foam), End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction), and Region (Latin America, North America, Asia Pacific, Europe, Middle East and Africa) - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2020–2025)

Pulished: February, 2020
ID: 8223
Pages: 170

Core Materials Market overview:

The global core materials market is projected to develop from $ 1.7 billion in 2019 to $ 2.5 billion by 2025, at an annual rate of 13.2%. The global market for basic materials is growing due to the growing demand from manufacturers of composite components worldwide. Core materials are extensively employed in aerospace and wind power devices to strengthen the materials. Core materials are generally low strength materials; however, its greater thickness gives the sandwich compound great flexural rigidity with low density. They are used in a wide range of industries, including marine, wind, and automotive. The core material is inserted between the reinforcing layers, bonding it, with an equal covering arrangement on each side of the core material, ensuring maximum benefit. The core material is a special class of composite materials, usually low strength, but its greater thickness gives the sandwich compound high flexural rigidity and low overall density.

Globally, growth in the U.S. marine market, increased demand for the wind energy market, and increasing adoption of compounds in the end-use aerospace industry are the main drivers of growth in the global materials market. base. Also, the increased adoption of core materials for new applications and emerging economies such as China, India and others will create new opportunities for the global market for core materials. However, the higher investment cost and the delay in the renewal of the production tax credit (PTC) are the main limitations of the world market for basic materials. The foam segment is expected to experience the fastest growth due to its hardness, elongation properties, increased resistance to heat and humidity, and its ability to keep the composite structure light.

Drivers:

Some of the main drivers of the core materials market include strong demand from the wind and aerospace industries and the recovery of the US maritime industry after the economic downturn, among others. Characterized by their low strength and high thickness, the core materials provide a sandwich compound with high flexural rigidity and low overall density. The sandwich compound often comprises three layers, namely the laminate of the skin of the face, the core or the central material and the laminate of the skin of the back. The core material increases the section modulus, giving rigidity and strength to the sandwich composite. Many core materials are available in the market, such as polyurethane foam, polyvinyl chloride (PVC) foam, polymethacrylimide (PMI), polystyrene foams, honeycomb core, wood core, non-woven core fabrics, raft, foam syntactic and others. Due to their excellent physical properties and resistance to high temperatures and humidity, core materials find application in many industries. The main factor responsible for the growth of the core materials market is the increased demand for lightweight materials in various end-use sectors. Additionally, growth in the aerospace industry in various regions has fueled market growth. The increase in wind energy installations and the increase in the transportation sector in the country are the main reasons for the high consumption of basic materials.

Restraints:

However, the high cost of materials is expected to hamper market growth. Increasing number of alternatives for core materials hampers the industry expansion to a certain limit.

Opportunities:

The commodity mergers and acquisitions and technological advancements should offer lucrative opportunities for market growth. The core materials market is growing at a significant rate due to the growth of the wind industry, the increasing use of basic materials in the aerospace and space industries, and increased investment in the marine industry.

Challenges:

The production of non-essential goods has stopped in most of the major economies. The gap and uncertainty in the renewal of the production tax credit (PTC) and the highly capital intensive industry restricts the expansion of the worldwide market.

Core Materials Market segmentation:

On the basis of Type, the market is separated into Honeycomb, Balsa, and Foam. Foam is becoming particularly popular with the manufacturing sector as it imparts strength and greatly reduces the weight of the end product. During the forecast period, the Foam segment is expected to grow with the highest CAGR.

On the basis of End-user industry, the market is separated into Aerospace, Wind Energy, Marine, Transportation, and Construction. Due to the ubiquitous nature of composite material usage, the core materials market also has a wide number of applications. Windmills have their blades made with composites and they are the leading market segment in this category. Wind Energy was the largest market by value in 2020 and is expected to retain the lead during the analysis period owing to the shift towards renewable energy.

Core Materials Market geographical analysis:

On the basis of region, the Core Materials Market is segregated into regions of North America, South America, Asia Pacific, Middle East and Africa, and Europe. North America was the biggest market for core materials in 2018. The Asia Pacific is becoming an increasingly important market as countries like China and India continue to grow rapidly. North America the largest market in the world for Core Materials.

Core Materials Market key players:

Major companies plying their trade in the Core Materials Market include DIAB International AB, Evonik Industries, Rockwell Collins, Inc., Schweiter Technologies, Gurit Holding AG, Hexcel Corporation, and The Gill Corporation. DIAB International AB is one of the largest producers of core materials worldwide. By focusing on delivering quality products DIAB has consistently maintained a great track record among its customer based. It is a Swedish company and its CEO is Tobias Hahn.

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Honeycomb            

                                5.1.3 Balsa          

                                5.1.4 Foam         

                                5.1.5 Y-o-Y Growth Analysis, By Type     

                                5.1.6 Market Attractiveness Analysis, By Mateiral            

                                5.1.7 Market Share Analysis, By Type     

                5.2 End-Use Industry                     

                                5.2.1 Introduction           

                                5.2.2 Aerospace               

                                5.2.3 Wind Energy           

                                5.2.4 Marine      

                                5.2.5 Transportation      

                                5.2.6 Construction          

                                5.2.5 Y-o-Y Growth Analysis, By End-Use Industry            

                                5.2.6 Market Attractiveness Analysis, By End-Use Industry          

                                5.2.7 Market Share Analysis, By End-Use Industry            

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa                               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 DIAB International AB                            

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Evonik Industries                     

                8.3 Rockwell Collins, Inc.                              

                8.4 Schweiter Technologies                        

                8.5 Gurit Holding AG                      

                8.6 Hexcel Corporation                 

                8.7 The Gill Corporation                

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by type,by application,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Core Materials Market By Region, From 2020-2025 ( USD Billion )
  2. Global Core Materials Market By Type, From 2020-2025 ( USD Billion )
  3. Global Honeycomb Market By Region, From 2020-2025 ( USD Billion )
  4. Global Blasa Market By Region, From 2020-2025 ( USD Billion )
  5. Global Foam Market By Region, From 2020-2025 ( USD Billion )
  6. Global Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  7. Global Aerospace Market By Region, From 2020-2025 ( USD Billion )
  8. Global Wind Energy Market By Region, From 2020-2025 ( USD Billion )
  9. Global Marine  Market By Region, From 2020-2025 ( USD Billion )
  10. Global Transportation Market By Region, From 2020-2025 ( USD Billion )
  11. Global Construction Market By Region, From 2020-2025 ( USD Billion )
  12. North America Core Materials Market By Type, From 2020-2025 ( USD Billion )
  13. North America Honeycomb Market By Region, From 2020-2025 ( USD Billion )
  14. North America Blasa Market By Region, From 2020-2025 ( USD Billion )
  15. North America Foam Market By Region, From 2020-2025 ( USD Billion )
  16. North America Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  17. North America Aerospace Market By Region, From 2020-2025 ( USD Billion )
  18. North America Wind Energy Market By Region, From 2020-2025 ( USD Billion )
  19. North America Marine  Market By Region, From 2020-2025 ( USD Billion )
  20. North America Transportation Market By Region, From 2020-2025 ( USD Billion )
  21. North America Construction Market By Region, From 2020-2025 ( USD Billion )
  22. United States Core Materials Market By Type, From 2020-2025 ( USD Billion )
  23. United States Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  24. Canada Core Materials Market By Type, From 2020-2025 ( USD Billion )
  25. Canada Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  26. Europe Core Materials Market By Type, From 2020-2025 ( USD Billion )
  27. Europe Honeycomb Market By Region, From 2020-2025 ( USD Billion )
  28. Europe Blasa Market By Region, From 2020-2025 ( USD Billion )
  29. Europe Foam Market By Region, From 2020-2025 ( USD Billion )
  30. Europe Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  31. Europe Aerospace Market By Region, From 2020-2025 ( USD Billion )
  32. Europe Wind Energy Market By Region, From 2020-2025 ( USD Billion )
  33. Europe Marine  Market By Region, From 2020-2025 ( USD Billion )
  34. Europe Transportation Market By Region, From 2020-2025 ( USD Billion )
  35. Europe Construction Market By Region, From 2020-2025 ( USD Billion )
  36. U.K. Core Materials Market By Type, From 2020-2025 ( USD Billion )
  37. U.K. Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  38. Germany Core Materials Market By Type, From 2020-2025 ( USD Billion )
  39. Germany Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  40. France Core Materials Market By Type, From 2020-2025 ( USD Billion )
  41. France Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  42. Italy Core Materials Market By Type, From 2020-2025 ( USD Billion )
  43. Italy Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  44. Spain Core Materials Market By Type, From 2020-2025 ( USD Billion )
  45. Spain Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  46. Asia Pacific Core Materials Market By Type, From 2020-2025 ( USD Billion )
  47. Asia Pacific Honeycomb Market By Region, From 2020-2025 ( USD Billion )
  48. Asia Pacific Blasa Market By Region, From 2020-2025 ( USD Billion )
  49. Asia Pacific Foam Market By Region, From 2020-2025 ( USD Billion )
  50. Asia Pacific Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  51. Asia Pacific Aerospace Market By Region, From 2020-2025 ( USD Billion )
  52. Asia Pacific Wind Energy Market By Region, From 2020-2025 ( USD Billion )
  53. Asia Pacific Marine  Market By Region, From 2020-2025 ( USD Billion )
  54. Asia Pacific Transportation Market By Region, From 2020-2025 ( USD Billion )
  55. Asia Pacific Construction Market By Region, From 2020-2025 ( USD Billion )
  56. Japan Core Materials Market By Type, From 2020-2025 ( USD Billion )
  57. Japan Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  58. China Core Materials Market By Type, From 2020-2025 ( USD Billion )
  59. China Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  60. India Core Materials Market By Type, From 2020-2025 ( USD Billion )
  61. India Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  62. Australia Core Materials Market By Type, From 2020-2025 ( USD Billion )
  63. Australia Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  64. South Korea Core Materials Market By Type, From 2020-2025 ( USD Billion )
  65. South Korea Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  66. Latin America Core Materials Market By Type, From 2020-2025 ( USD Billion )
  67. Latin America Honeycomb Market By Region, From 2020-2025 ( USD Billion )
  68. Latin America Blasa Market By Region, From 2020-2025 ( USD Billion )
  69. Latin America Foam Market By Region, From 2020-2025 ( USD Billion )
  70. Latin America Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  71. Latin America Aerospace Market By Region, From 2020-2025 ( USD Billion )
  72. Latin America Wind Energy Market By Region, From 2020-2025 ( USD Billion )
  73. Latin America Marine  Market By Region, From 2020-2025 ( USD Billion )
  74. Latin America Transportation Market By Region, From 2020-2025 ( USD Billion )
  75. Latin America Construction Market By Region, From 2020-2025 ( USD Billion )
  76. Brazil Core Materials Market By Type, From 2020-2025 ( USD Billion )
  77. Brazil Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  78. Argentina Core Materials Market By Type, From 2020-2025 ( USD Billion )
  79. Argentina Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  80. Mexico Core Materials Market By Type, From 2020-2025 ( USD Billion )
  81. Mexico Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  82. Rest of Latin America Core Materials Market By Type, From 2020-2025 ( USD Billion )
  83. Rest of Latin America Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  84. Middle East and Africa Core Materials Market By Type, From 2020-2025 ( USD Billion )
  85. Middle East and Africa Honeycomb Market By Region, From 2020-2025 ( USD Billion )
  86. Middle East and Africa Blasa Market By Region, From 2020-2025 ( USD Billion )
  87. Middle East and Africa Foam Market By Region, From 2020-2025 ( USD Billion )
  88. Middle East and Africa Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  89. Middle East and Africa Aerospace Market By Region, From 2020-2025 ( USD Billion )
  90. Middle East and Africa Wind Energy Market By Region, From 2020-2025 ( USD Billion )
  91. Middle East and Africa Marine  Market By Region, From 2020-2025 ( USD Billion )
  92. Middle East and Africa Transportation Market By Region, From 2020-2025 ( USD Billion )
  93. Middle East and Africa Construction Market By Region, From 2020-2025 ( USD Billion )
  94. Middle East Core Materials Market By Type, From 2020-2025 ( USD Billion )
  95. Middle East Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )
  96. Africa Core Materials Market By Type, From 2020-2025 ( USD Billion )
  97. Africa Core Materials Market By End-Use Industry, From 2020-2025 ( USD Billion )

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