Posted By Coherent Market Insights
Posted on October 11, 2021
The global core materials market size is projected to grow from USD 1.2 billion in 2020 to USD 2.3 billion by 2025, at a CAGR of 13.5%.
Core materials are the materials used in aerospace and wind energy equipment for improving the strength of the materials. Core materials are generally low strength materials; however, its greater thickness offer the sandwich composite a high bending stiffness with low density. Core materials are used in a wide range of industries including marine, wind energy, and automotive. The core material is inserted between the layers of reinforcement, thus sticking it in, with an equal cover arrangement on either sides of the core material, which ensures maximum benefit.
A detailed report on Global Core Materials Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Core Materials market: Evonik Industries AG, Diab Group (Ratos), Gurit Holding AG, Hexcel Corporation, Armacell International S.A., 3A Composites, Changzhou Tiansheng New Materials Co. Ltd, Euro-Composites S.A., The Gill Corporation, and Plascore Incorporated.
Regional Analysis For Core Materials Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Core Materials market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Core Materials Market Outlook
North America is estimated to hold the largest market share during the forecast period.. Presence of aerospace original equipment manufacturers in the region drives the demand for lightweight core materials. In addition, the elevated number of wind turbine installations drives the market growth in North America
Asia Pacific is estimated to be the fastest growing region for core materials market and is expected to witness exponential growth over the forecast period as well. The projected growth rate is a result of significant use of core materials in aerospace and wind energy industries, primarily in India and China
Key Developments
- In March 2018, Evonik Industries launched its new core material solution ROCHACRYL, an acrylic based structural foam for composite applications. The new solution is lightweight, thermally stable, environment friendly and has excellent mechanical properties. The product is launched for wind energy industry for manufacturing of turbine blades.
- In September 2019, Diab Group signed a five year core material supply contract with Vestas Wind Systems A/S (OEM for wind turbines). The supply of core material is expected to provide Diab Group net sales of US$ 220-275 million over the contract period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Core Materials market Opportunities, Trends, Products, Revenue Analysis, For 2020–2026 appeared first on Gatorledger.
The global core materials market size is projected to grow from USD 1.2 billion in 2020 to USD 2.3 billion by 2025, at a CAGR of 13.5%.
Core materials are the materials used in aerospace and wind energy equipment for improving the strength of the materials. Core materials are generally low strength materials; however, its greater thickness offer the sandwich composite a high bending stiffness with low density. Core materials are used in a wide range of industries including marine, wind energy, and automotive. The core material is inserted between the layers of reinforcement, thus sticking it in, with an equal cover arrangement on either sides of the core material, which ensures maximum benefit.
A detailed report on Global Core Materials Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Core Materials market: Evonik Industries AG, Diab Group (Ratos), Gurit Holding AG, Hexcel Corporation, Armacell International S.A., 3A Composites, Changzhou Tiansheng New Materials Co. Ltd, Euro-Composites S.A., The Gill Corporation, and Plascore Incorporated.
Regional Analysis For Core Materials Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Core Materials market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Core Materials Market Outlook
North America is estimated to hold the largest market share during the forecast period.. Presence of aerospace original equipment manufacturers in the region drives the demand for lightweight core materials. In addition, the elevated number of wind turbine installations drives the market growth in North America
Asia Pacific is estimated to be the fastest growing region for core materials market and is expected to witness exponential growth over the forecast period as well. The projected growth rate is a result of significant use of core materials in aerospace and wind energy industries, primarily in India and China
Key Developments
- In March 2018, Evonik Industries launched its new core material solution ROCHACRYL, an acrylic based structural foam for composite applications. The new solution is lightweight, thermally stable, environment friendly and has excellent mechanical properties. The product is launched for wind energy industry for manufacturing of turbine blades.
- In September 2019, Diab Group signed a five year core material supply contract with Vestas Wind Systems A/S (OEM for wind turbines). The supply of core material is expected to provide Diab Group net sales of US$ 220-275 million over the contract period.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Core Materials market Opportunities, Trends, Products, Revenue Analysis, For 2020–2026 appeared first on Gatorledger.
