Chemical and Materials

Global Structural Core Materials Market at A Highest CAGR of 17.85% by 2026

Global Structural Core Materials Market, By Outer Skin Type (GFRP, CFRP, NFRP, Other), Type (Foam {PVC Foam, PET Foam, SAN Foam, Others}, Honeycomb {Aluminum, Aramid, Thermoplastic, Paper}, Balsa), End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction, Others)

Market Analysis: Global Structural Core Materials Market

The Global Structural Core Materials Market is expected to reach USD 2.83 billion by 2025, from USD 1.51 billion in 2017 growing at a CAGR of 8.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Market Definition: Global Structural Core Materials Market

Ceramic structural core materials are manufactured by mixing two or more materials that have unique properties. Sandwich panels and laminates are two categories in which these materials are categorized. Core is a layer that is spared yet is firmly loaded up with material between two faces in structural composite. The center keeps up the thin skin or faces in their separate positions by maintaining a strategic distance from them from collapsing or impacting outward or internal. The solidness of basic composite depends on the thickness of the utilized center. The materials which can be consolidated into basic center are carbon, aluminum, and paper. Ceramic structural core material is broadly used in constructions, public infrastructure, automotive, corrosion resistance industry and other. According to the European Builders Confederation, the construction sector contributes around 9% to the GDP of the European Union and forecasted to remain strong at 3.2% in both 2018 and 2019. As per the U.S. Census Bureau, in 2016, total construction spending increased by 6.5% from the year 2015. Moreover, in 2014, construction spending was up nearly 11.0% and in 2015 it increased by 10.7%. According to U.S. Bureau of Labour Statistics, construction sector will have one of the largest increases in real output and will reach almost USD 1.2 trillion by 2020. Moreover, the U.S. population is expected to grow from 321.2 billion to 338 billion by 2020 and requires more construction. Thus above factor shows that the construction industry is growing and will derive the demand of ceramic structural core materials.

Market Drivers:

  • Increasing demand from wind energy industry
  • High use of composites in the aerospace industry
  • Growing demand of PET foam

Market Restraint:

  • Uncertainty in the renewal of production tax credit
  • Highly capital-intensive market

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Segmentation: Global Structural Core Materials Market

By Outer Skin Type

  • GFRP
  • CFRP
  • NFRP
  • Other

By Type

  • Foam
    • PVC Foam
    • PET Foam
    • SAN Foam
    • Others
      • Polystyrene (PS)
      • Polymethacrylimide (PMI)
      • Polyetherimide (PEI)
      • Polyurethane (PU)
    • Honeycomb
      • Aluminum
      • Aramid
      • Thermoplastic
      • Paper
    • Balsa

By End-Use Industry

  • Oil & Gas
  • Aerospace
  • Wind Energy
  • Marine
  • Transportation
  • Construction
  • Other

Competitive Landscape: Global Structural Core Materials Market

The global structural core materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of structural core materials market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

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