Opportunity in the global foam core material market: Lucintel anticipates increasing demand for foam core material in wind energy, marine, and transportation industries to catalyze the growth within the next five years


   January 18 2017

According to a new market report published by Lucintel, the future of the global foam core materials market looks good with opportunities in the wind energy, marine, construction, and transportation industries. The global foam core materials market is forecast to grow at a CAGR of 6.2% from 2016 to 2021. The major driver for the growth of this market is increasing demand for composite materials in the end use industries.

In this market, wind energy, marine, construction, and transportation are the major end use industries.  On the basis of comprehensive research, Lucintel forecasts that the wind energy segment is expected to remain the largest application by both value and volume.  Expected increase in wind capacity installation and growing demand for lightweight materials are the major driving factors, which would spur growth for this segment over the forecast period.

Within foam core materials market, PVC foam core is expected to remain the largest product type over the forecast period due to its growing demand in wind and marine industries.

Asia Pacific is expected to remain the largest market due to the increasing wind turbine capacity installations in this region.

ROW is expected to witness the highest growth over the forecast period due to growth of end use industries

For business expansion, this report suggests innovation and new product development for achieving superior mechanical properties, higher thermal and chemical resistance, lower water absorption, and good processability.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of recyclable core materials. DIAB, 3A Composites, Gurit are among the major suppliers of foam core material.

 

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global foam core materials market by end use application, product type, and region, and has come up with a comprehensive research report, “Growth Opportunities in the Global Foam Core Materials Market 2016-2021: Trends, Forecast, and Opportunity Analysis” The Lucintel report serves as a springboard for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global honeycomb core materials market by end use application, product type, and region as follows:

 

By end-use application [Volume (M lbs) and Value ($ million) from 2010 to 2021]:



  • Wind Energy


  • Marine


  • Construction


  • Transportation


  • Others



By Product Type [Volume (M lbs) and Value ($ million) from 2010 to 2021]:



  • Polyvinyl Chloride (PVC)


  • Polyethylene Terephthalate (PET)


  • Styrene Acrylonitrile (SAN)


  • Others (PU, PEEK, PMI ,and PPSU)



By region [Volume (M lbs) and Value ($ million) M from 2010 to 2021]:



  • North America


  • Europe


  • Asia Pacific


  • Rest of the World



This 118-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/global_foam_core_materials_market_2016_2021.aspx  or   helpdesk@lucintel.com.



About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.


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