Global Core Materials Market 2018-2022

Overview of the global core materials market

Technavio’s market research analysts have identified the rising government spending on wind energy systems in the US as one of the primary factors that will trigger the growth of the core materials market in the coming years. In the wind turbine industry, foam and balsa core materials exhibit long-term dynamic behavior and shear strength and are used to protect wind blades from damage. They are extensively used in offshore and onshore wind turbines. Foam core materials are gaining traction as they are lightweight and possess properties like high mechanical strength, thermal resistance, superior insulator, and cost-effective. Balsa core materials are extensively used in manufacturing wind blades, rotor blades, nacelle covers, and spinners as they are lightweight, exhibit high strength-to-weight ratio, and provides insulation. Our market research analysts estimate that this market will grow steadily at a CAGR close to 7% by 2022.

The increasing investments in the defense industry is one of the key trends in the core materials market. Several countries across the world such as China, the US, Russia, Saudi Arabia, India, Japan, and France are increasing their investment in the aerospace and defense industry and it is anticipated that it will increase during the forecast period. With the rising tension worldwide like terrorism and civil wars, governments have increased their military expenditure by many folds. The rising demand for fighter, attack, and bomber aircraft will trigger the need for core composite materials.

Companies covered

The core materials market appears to be fragmented due to the presence of several vendors. This industry research report offers in-depth analysis of the competitive strategies adopted by the vendors to sustain among the competitors in the foam sheet market. Technavio’s analysts also study the key market areas along with the product offerings of the vendors in the market.

The report includes an analysis of a number of companies in this marketspace including -

• Carbon-Core
• CoreLite
• Diab
• Gurit
• Hexcel Corporation
• SCHWEITER TECHNOLOGIES

Segmentation by type and analysis of the core materials market

• Foam
• Honeycomb
• Balsa

The foam segment accounted for the major share of the foam sheet market during 2017. The dominance of this segment is due to the increased sales volume. Our analysts predicted that this segment will perform well in the forthcoming years.

Geographical segmentation and analysis of the core materials market

• APAC
• Europe
• North America
• ROW

In terms of geography, APAC accounted for the majority of shares in the foam sheet market during 2017. However, our analysts predicted that the Americas will witness growth in the next five years in the core materials market due to the increased sales volume.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global core materials market?
• What are the key market trends impacting the growth of the global core materials market?
• What are the challenges to market growth?
• Who are the key vendors in the global core materials market?
• What are the market opportunities and threats faced by the vendors in the global core materials market?
• Trending factors influencing the market shares of the APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global core materials market?

Technavio also offers customization on reports based on specific client requirement.