Global Core Materials Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Core Materials in a sandwich construction are used to increase stiffness and reduce the weight of a composite structure. Structural core materials are offered in sheet form, with a variety of cut patterns or finishes which satisfies customer needs. There are four major types of core materials available in the market, namely foam, expanded metal, honeycomb & balsa wood. Foams are subdivided into polyvinyl chloride, polystyrene, polyurethane, polymethylacrylate, polymethacrylimide, styrene acrylonitrile and others. Core materials market is forecast to grow at a CAGR of 9-10% during 2018-2025.

Core materials are mainly used in applications such as sporting goods, wind energy, transportation [automotive, aerospace, marine], construction and others. There is high growth potential for wind energy application, especially in countries like China, Brazil, Russia and USA. India and Germany have major potential in Wind energy during forecast period due to government regulation and adaptation of natural energy source. This change in energy consumption trend will positively reflect on composites market as major countries are coming forward to adapt natural source of energy such as solar and wind energy. In North America, Wind energy and transportation are the most attractive markets for core materials. In Western Europe, core material market is majorly driven by aerospace followed by transportation and wind energy. Asia pacific has become new hub for automotive manufacturing and this will drive core material demand along with wind energy.