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core materials market size is expected to reach USD 3,288.1 Million at a revenue CAGR of 13.2% in 2028, according to latest analysis by Emergen Research. Steady revenue growth of the core materials market can be attributed to rising demand for high strength, lightweight materials in the aerospace industry. Aerospace industry is a major consumer of core materials owing to advantages of designing aircraft structural components deploying sandwich construction for weight reduction. Thermoplastic foam finds extensive use in the aerospace industry for meeting rising demand for lightweight, resilient, and strong structures, including for aircraft and launch vehicles, along with radomes, rotor blades, flight control surfaces, and satellite containment fairings. Also, core materials account for lower overall aircraft weight, thus increasing fuel-efficiency.

Growing use of composites sandwiched with foam or honeycomb in construction of hulls of boats, structural frames, masts, keels, and poles, as well as in carbon shafting and winch drums are driving market revenue growth. These composites materials are used to enhance performance and lower risk of failure in harsh marine conditions. Also, racing yachts and powerboats use advanced polymer composites more widely as compared to other marine structures to decrease weight, increase durability, and improve safety.

A recent study on the Core Materials market aims at leveraging the insights and perspectives derived on the basis of both qualitative and quantitative data evaluation for the forecast period, 2021-2028. The market intelligence reports on Core Materials market dives deep into aspects including but not limited to the market size, growth and share across different regions to keep the stakeholders and business owners informed and help them make a wise business decision. For data-savvy product owners, sophisticated business evangelists and information-focused filed marketing personnel, looking to incorporate qualitative figures into their fundamental perspective the report presents an unrivalled statistical data on both past and future industry trends.

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The extensive survey on the Core Materials market further identifies data that best fits the business requirement such as product classification, application and important definition. In addition, the study takes into account series of industry-leading events designed to enlighten the product owners on return on investment, investment feasibility, supply chain management, consumption volume, customer behaviour and demand and supply. To bring in more accuracy and quality to the study of Core Materials market the report interprets critical information through tables, infographics, and charts.

Report Objective:

The report offers a complete analysis of the global Core Materials market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreement and collaborations. Hexcel Corporation, Evonik Industries AG, Euro-Composites SA, 3A Composites, the Gill Corporation, BASF SE, Plascore Inc., Gurit Holdings, Toray Industries Inc., and Armacell International SA.

Key Highlights From the Report

In December 2019, Huntsman Corporation made an announcement about signing a contract for the acquisition of Icynene-Lapolla (from FFLPartners LLC’s affiliate), which is a firm engaged in production and distribution of spray polyurethane foam insulation systems for use in commercial and residential applications.

By product type, foams segment revenue is expected to expand at a faster rate over the forecast period. Foams such as polystyrene foam (expanded polystyrene) finds extensive use due to its cushioning and insulating features. Polystyrene foam is over 95% air and is extensively used in production of appliance and home insulation, surfboards, lightweight protective packaging, automobile parts, foodservice and food packaging, and road stabilization systems.

By application, automotive segment revenue is expected to register at a significantly robust growth rate over the forecast period. Composite materials find wide use in the automotive industry to produce lightweight, safer, and highly fuel-efficient vehicles. Use of thermoplastic foams enable substitutional freedom in component/part designing, thus permitting development of shapes and forms that would be impossible with other materials. Also, integration of various features, including sensors open up several opportunities for the automotive industry and in turn, is fueling demand for thermoplastics foams owing to economic benefits in decreasing cost of assembly.

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The report also offers regional level analysis and market estimation for the regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

The study delivers real answers for questions about market segmentation by types, region and application to power the overall market research for the forecast period 2021-2028. Subject matter experts behind the market analysis have collaborated with some of the highly acclaimed business owners to track records and estimate what is happening in areas such as technology innovation, production volume, end-use and product pricing. Research analysts have further remodeled their approach to present a report uniquely positioned to offer unmatched information on prominent manufactures, new entrants, exiting white spaces, acquisitions and mergers, collaborations and product launches.

Emergen Research has segmented the global core materials market on the basis of product type, distribution channel, application, and region:

Product Type Outlook (Revenue, USD Million; 2018–2028)

Foam

Polystyrene Foam

Polyvinyl Chloride Foam

Polyurethane Foam

Others

Honeycomb

Aluminum Honeycomb

Thermoplastic Honeycomb

Nomex Honeycomb

Others

Wood

Balsa

Others

Distribution Channel Outlook (Revenue, USD Million; 2018–2028)

Direct

Indirect

Application Outlook (Revenue, USD Million; 2018–2028)

Wind Energy

Aerospace & Defense

Marine

Automotive

Building & Construction

Medical

Others

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Key point summary of the report:

The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.

It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.

The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.

It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.

The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.

The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.

Thank you for reading the research report. We also offer report customization as per client requirement. Kindly connect with us to know more about the customization feature and our team will offer you the best suited report. 

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