Core Materials Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

Core Materials Market report is segmented on the basis of type, and end use industry - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025

Core Materials Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2026
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.
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Some of the major drivers for the core materials market include significant demand from
wind energy & aerospace industries and recovery of the U.S. marine industry from economic
recession, among others. However, rising number of substitutes for core materials hinders the
market growth to a certain extend.
PVC foam is a polymer foam in which air is trapped inside the foam, which, in turn, increases
the volume to weight ratio of the foam. PET is lightweight, thermal resistant, and of great
strength. SAN is a circular structure thermoplastic core with high strength and impact
resistance. Honeycomb core materials are available in a wide range, from low stiffness and
strength to high stiffness and strength. These can be used in domestic internal doors as well
as in aircrafts.
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
Europe experiences substantial demand for lightweight core materials for use in the aerospace
industry. Moreover, Europe, being one of the most attractive tourist destinations, is projected
to witness a high demand growth for core materials for various infrastructural development
The Latin America market has witnessed a slowdown owing to the political turmoil existing
in major markets of Argentina, Brazil, Colombia, and Venezuela. On the other hand, the
market in Africa is expected to experience strong growth rate over the forecast period owing
to the forecasted economic growth in the region
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