Structural Core Materials Market Revenue, Business Opportunity, Segment And Updated Key Trends -2023

18/set/2019 09:18:50 Tejas Amale Contatta l'autore

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The global structural core materials market is analyzed in detail in the latest research report from Market Research Future (MRFR). The global structural core materials market is profiled by analyzing its key drivers and restraints, leading market segments, and the major players operating in it. The global structural core materials market is expected to grow at a CAGR of around 5% over the forecast period from 2018 to 2023, according to the report.

Structural core materials are used in composites to enhance their physical characteristics. The increasing demand for lightweight structural core materials is likely to be a defining feature of the global structural core materials market over the forecast period. Reducing the overall weight of the structure has become a key issue in end-use industries such as aerospace and automotive, which are major consumers of structural core materials and are likely to determine the direction of the market over the forecast period. The increasing demand for lighter honeycomb materials in the aerospace sector is likely to be a prime driver for the global structural core materials market over the forecast period.

Reducing the weight of vehicles has also become a major issue in the automotive industry due to the need to reduce the volume of emissions from automobiles. Making vehicles lighter is the surest way of reducing the emissions from the vehicles, leading to a growing demand for lighter structural core materials from the automotive industry. The growing prevalence of environmental regulations enforcing a lighter design in the automotive industry is likely to be a major driver for the global structural core materials market over the forecast period.

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Competitive Analysis

Some of the key players in the global structural core materials market are Diab Group (Sweden), Hexcel Corporation (US), Schweiter Technologies (Switzerland), Euro Composites (Luxembourg), Gurit Holding (Switzerland), The Gill Corporation (US), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (US), Armacell International (Luxembourg), and Evonik Industries (Germany).

Market Segmentation

The global structural core materials market has been segmented by product, skin type, end-use industry, and region.

The market has been segmented into foam, balsa, and honeycomb. The honeycomb segment was the largest in 2017 and is expected to remain so during the forecast period. The foam segment is expected to be the second largest market during the forecast period. The growing of the foam segment. The growing of the foam segment.

The market has been classified as a glass fiber reinforced polymer (GFRP), reinforced carbon fiber polymer (CFRP), and natural fiber reinforced polymer (NFRP), and others. According to MRFR analysis, the CFRP is expected to hold the majority market share during the forecast period. The advanced properties of CFRP, such as strength and thermal expansion, in comparison with glass and other fibers. The aerospace industry was the largest in 2017 while on the basis of the end-use industry. Growing international trade, coupled with the burgeoning aerospace  

Regional Analysis

Based on region, the market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America: the leading regional structural materials market in 2017. Factors such as: Asia-Pacific is expected to be the fastest growing regional market during the forecast period. Shifting to the regional market, is propelling market growth. The structural core materials market in Asia-Pacific is projected to grow at CAGR of 6.5% during the forecast period.

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