Global Foam Core Materials Market 2018-2022

Overview of the global foam core materials market

More than 90% of the trade is carried out through the sea route, which results in an increased dependence on maritime transport. Technavio’s market research report identifies that growth in the shipping industry will be one of the primary growth drivers for the global foam core materials market till 2022. The maritime transport supports growth in the manufacturing industries, aids economic growth, and promotes trade integration due to the growing globalization, that facilitates the industrial development. A large number of ship-owners are concentrated in various countries such as China, Japan, and Singapore in the APAC region. The demand for new vessels is increasing due to the rising number of sea trade activities. This in turn, will boost the demand for foam material because it is extensively used in the construction of ships. Technavio’s market research analysts predict that this market will grow at a CAGR of more than 6% by 2022.

Countries, such as China, the US, Russia, Saudi Arabia, India, Japan, and France are extensively investing in the aerospace and defense industry due to the growing cases of terrorism and ongoing wars and civil wars in several parts of the world. Several governments across the globe are taking initiatives to address the security threats by increasing their defense budgets. This in turn, will boost the demand for fighter, attack, and bomber aircraft. Consequently, the demand for foam core composite materials such as foam core board used in aircrafts will also increase.

Companies covered

The foam core materials market is fragmented and characterized by the presence of many companies. The industry research report provides a comprehensive analysis of the competitive landscape and the growth prospects for the vendors of the foam core materials. Market research analysts includes several strategies adopted by these vendors to remain competitive in the foam material market. 

This market research report covers an analysis of the companies in this marketspace including -

• Carbon-Core     
• CoreLite              
• Diab      
• Evonik  
• Gurit     
• SCHWEITER TECHNOLOGIES

Segmentation by end-user and analysis of the foam core materials market

• Wind energy
• Construction
• Marine

The demand for foam core materials is increasing in the wind energy segment, which in turn, will drive the growth prospects for the foam core materials market. The foam material market is expected to witness growth in the segment throughout the estimated period.

Segmentation by geography and analysis of the foam core materials market

• APAC
• Europe
• North America
• ROW

In terms of geography, during 2017, the APAC region accounted for the majority market share toward the foam core materials market. The foam material market will continue to grow in the region during the forecasted period.

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 foam core materials market?
• What are the key market trends impacting the growth of the global foam core materials market?
• What are the challenges to market growth?
• Who are the key vendors in the global foam core materials market?
• What are the market opportunities and threats faced by the vendors in the global foam core materials market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global foam core materials market?

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