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Core Material Market Trends and Forecast

The future of the global core material market looks promising with opportunities in wind energy, marine, construction, aerospace & defense, and transportation end use. The global core material market is expected to reach an estimated $2,316.9 million by 2027 with a CAGR of 6.5% from 2021 to 2027. The major drivers for this market are increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.
Core Material Market by End Use, and Product

Emerging Trends in the Core Material Market

Emerging trends, which have a direct impact on the dynamics of the industry, includes introduction of hybrid system, replacement of conventional metal structures with composites.
A total of 107 figures / charts and 82 tables are provided in this 212-page report to help in your business decisions. A sample figure with insights is shown below. 
Core Material Market by Segments
 

Core Material Market by Segment

The study includes a forecast for the global core material market by end use, product type, and region as follows:

Core Material Market by End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

Core Material Market by Product Type [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

Core Material Market by Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Core Material Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies core material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the core material companies profiled in this report includes.

Core Material Market Insight

  • Lucintel forecasts that wind energy will remain the largest end use and also witness the highest growth due to increase in the diameter of rotors is driving the demand for core materials in this industry.
  • Foam core by product type core material will remain the largest segment and balsa core is expected to witness the highest growth over the forecast period due to its superior mechanical properties.
  • Asia Pacific is expected to remain the largest market over the forecast period due to rising demand from electronics and defense industries, growth in the end uses and increasing focus on high performance core material. Europe is expected to witness the highest growth rate over the forecast period.

Features of Core Material Market

  • Market Size Estimates: Core material market size estimation in terms of value ($M) and volume (M lbs).
  • Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments and regions.
  • Segmentation Analysis: Market size by end use and product type.
  • Regional Analysis: Core material market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different end use, product type, and regions for the core material market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the core material market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the core material market size?
Answer: The global core material market is expected to reach an estimated $2,316.9 million by 2027    
Q2. What is the growth forecast for core material market?
Answer: The core material market is expected to grow at a CAGR of 6.5% from 2021 to 2027.    
Q3. What are the major drivers influencing the growth of the core material market?
Answer: The major drivers for this market are increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.           
Q4. What are the major end uses for core material?
Answer: Wind energy and marine are the major end uses for core material. 
Q5. What are the emerging trends in core material market?
Answer: Emerging trends, which have a direct impact on the dynamics of the industry, includes introduction of hybrid system, replacement of conventional metal structures with composites.
Q6. Who are the key core material companies?
Answer: Some of the key core material companies are as follows:
Q7: In core material market, which region is expected to be the largest in next 5 years?
Answer: Asia Pacific is expected to remain the largest region and Europe witness the highest growth over next 5 years  
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 

This report answers following 11 key questions

Q.1 What are some of the most promising potential, high growth opportunities for the global core material market by end use (wind energy, marine, construction, aerospace and defense, transportation, and others), product type (balsa core, honeycomb, and foam core) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

For any questions related to core material market or related to core material market size, core material market analysis, core material suppliers, core material manufacturers, core material raw materials, core material cost, core material market trend and forecast, core material applications, write Lucintel analyst at email: helpdesk@lucintel.com We will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Core Material Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2016 to 2027
3.1: Macroeconomic Trends and Forecasts
3.2: Global Core Material Market Trends and Forecast
3.3: Global Core Material Market by End Use 
3.3.1: Wind Energy
3.3.2: Marine
3.3.3: Construction
3.3.4: Aerospace and Defense
3.3.5: Transportation
3.3.6: Others
3.4: Global Core Material Market by Product Type 
3.4.1: Balsa Core
3.4.2: Honeycomb
3.4.3: Foam Core
 
4. Market Trends and Forecast Analysis by Region 
4.1: Global Core Material Market by Region
4.2: North American Core Material Market
4.2.1: North American Market by End Use
4.2.2: North American Market by Product Type
4.3: European Core Material Market
4.3.1: European Market by End Use
4.3.2: European Market by Product Type
4.4: APAC Core Material Market
4.4.1: APAC Market by End Use
4.4.2: APAC Market by Product Type
4.5: ROW Core Material Market
4.5.1: ROW Market by End Use
4.5.2: ROW Market by Product Type
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Core Material Market by End Use
6.1.2: Growth Opportunities for the Global Core Material Market by Product Type
6.1.3: Growth Opportunities for the Global Core Material Market by Region
6.2: Emerging Trends in the Global Core Material Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion
6.3.3: Mergers and Acquisitions
 
7. Company Profiles of Leading Players
7.1: DIAB
7.2: Gurit
7.3: 3A Composites
7.4: Armacell
7.5: Hexcel
7.6: The Gill Corporation
7.7: Euro Composites
 
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Full Report: Core Material Market Report: Trends, Forecast and Competitive Analysis [2022-2027] Full Report $ 4,850
107 figures/charts and 82 tables are provided in this 212 - page report
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.