Srinagar Magazine

Structural Core Materials Market Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2023

 Breaking News
  • No posts were found

Structural Core Materials Market Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2023

August 30
01:46 2019
Structural Core Materials Market Size, Share, Trends, Growth Factors, Historical Analysis, Opportunities and Industry Segments Poised for Rapid Growth by 2023

Strong Demand for PET Foams to be Opportunity in Structural Core Materials Market
Global Structural Core Materials Market: Information by Product (Foam, Balsa, and Honeycomb), Skin Type (GFRP, CFRP, and NFRP), End-Use Industry (Aerospace, Automotive, Wind Energy, Marine), and Region—Forecast till 2023

Market Scope:

The MRFR analysis identifies the latest trends in the Global Structural Core Materials Market and states that it is slated to have a lucrative run during the forecast period (2018-2023), at a healthy growth rate.

Market Drivers and Key Restraints:

A significant trend recently observed in the market has been the boost in demand for Structural Core Materials from the wind energy industry. Also, the growth in disposable incomes of consumers across India, the United States (U.S.), and China has resulted in the quick expansion of automotive and aerospace industries. This factor has elevated the demand for Structural Core Materials to a great extent.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6213

A number of renowned companies within the market are making massive investments in research and development (R&D) for improving the product’s application scope and also enhance their market reach to make their presence felt. The increase in R&D has led to various discoveries in terms of cost-effective methods to manufacture structural core materials.

Likewise, various technological innovations have resulted in the exploration of the latest methods to manufacture honeycombs. Some of these methods are vacuum bag processing and heated press method. Apart from this, several market vendors make use of cost-advantage approaches for the development of their products. Giants like Evonik Industries; SABIC; Hexcel Corporation and Gurit Holdings, Inc. possess sufficient capital to invest into R&D, helping them enhance the quality of their products.

Renowned Vendors:

Some of the well-known vendors shaping the Global Structural Core Materials Market include Plascore Incorporated (U.S.), Euro-Composites (Luxembourg), Schweiter Technologies (Switzerland), Changzhou Tiansheng New Materials Co. Ltd. (China), The Gill Corporation (U.S.), Gurit Holding (Switzerland), Evonik Industries (Germany), Hexcel Corporation (U.S.), Diab Group (Sweden), Armacell International (Luxembourg), and others.

Recent News:

2018

Evonik Industries has developed a variety of foam materials, used as core materials for aircraft owing to their exceptional mechanical strength as well as impressive temperature resistance properties.

Market Opportunities:

The Structural Core Materials Market can expect a significant growth trajectory in the following years with the rising use of composites within the aerospace industry. In addition, the surge in popularity of PET foams across numerous end users adds to the strength of the market. But the most significant opportunity presented to the market players comes in the form of increasing demand of honeycomb core materials in the aerospace and wind energy industries.

Have Any Query? Ask Our Expert @ https://www.marketresearchfuture.com/enquiry/6213

Market Segmentation:

The Worldwide Structural Core Materials Market has been segmented on the basis of Product, Skin Type, and End-Use Industry.

Depending on the Product, the market can be broken down into foam, balsa, and honeycomb. Between these, the honeycomb segment’s coverage was found to be the biggest in 2017, and its growth rate is presumed to remain the same during the evaluation period. Meanwhile, the foam segment is expected to be the second-largest market during the forecast period. The increasing foam application in wind turbine blades as well as the nacelles of aircraft and automobiles has resulted in the surge of the foam segment.

The Skin Types covered by the report are glass fiber reinforced polymer (GFRP), carbon fiber reinforced polymer (CFRP), and natural fiber reinforced polymer (NFRP), and others. MRFR reckons that the CFRP segment expects to seize the substantial portion of the global market in the coming years. The considerable uptake of CFRP has been the consequence of the product’s impressive properties including its excellent tensile strength as well as thermal expansion compared to glass and other fibers.

With respect to End-Use Industry, the aerospace industry was acknowledged as the segment with utmost growth in 2017, whereas the wind energy segment is anticipated to display the best CAGR during the appraisal period. In addition to rise in international trade, the burgeoning aerospace sector in developing economies has brought about a hike in demand for Structural Core Materials. 

Regional Outlook:

Region-Based Segments in the Worldwide Structural Core Materials Market include Europe, Asia Pacific, North America, Latin America, and the Middle East & Africa.

In 2017, North America emerged as the largest Structural Core Materials Market, helmed by factors like the boost in construction, automotive and wind energy industries. These industries have noted significant expansion mostly in the highly-developed counties of the United the States (U.S.) and Canada.

Expanding at the fastest-rate in the global market, Asia Pacific is presumed to benefit from the shifting of automobile bases towards this region. In addition to this, increasing number of government initiatives with respect to use of renewable energy has cemented the market growth further. As per the report, the Asia Pacific Structural Core Materials Market is poised to elevate at a growth rate of 6.5% during the review period.

The Europe market is also tasting success in the Global Structural Core Materials Market, backed by the growing demand from the wind energy industry along with high use of composites in the aerospace industry. Additionally, increasing demand for PET foam in the region will be responsible for the growth of the Europe market.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:
Market Research Future

+1 646 845 9312

Email: [email protected]

Media Contact
Company Name: Market Research Future
Contact Person: Abhishek Sawant
Email: Send Email
Phone: +1 646 845 9312
Address:Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
City: Pune
State: Maharashtra
Country: India
Website: https://www.marketresearchfuture.com/reports/structural-core-materials-market-6213