The global demand for Structural Core Materials Market is presumed to reach the market size of nearly USD 5.1 MN by 2028 from USD 3.2 MN in 2021 with a CAGR of 6.9% under the study period 2022 - 2028.
Structural Core materials are used to improve the strength of materials in wind energy equipment and aerospace. Composite materials, widely utilized in the building, automotive, civil infrastructure, aircraft, military, and corrosion-resistant equipment industries, contain structural core materials. Structural Core materials are typically low-strength materials. They are widely employed in the wind energy, marine, and automobile industries. Paper, carbon, and aluminum are all materials used in the structural core. Honeycomb, foam, and balsa are examples of structural cores available. Lightness in weight, stiffness, heat insulation/transfer, noise or vibration dampening, and strength are desirable qualities in the structural core material. In the vehicle industry, structural core materials are employed to produce airbags. They're also used in protective clothing like bulletproof vests. In addition, communication antennae and electronic circuit boards utilize structural core materials. Structural core materials are also found in missiles, rockets, and aircraft components.
Market Dynamics
Various industries have recognized the advantages of structural core materials over solid laminates, thereby supplementing the market growth. The aerospace industry's rapid growth is a primary element driving the structural core materials market expansion. The structural core materials market is being boosted by increased demand from the wind energy industry and a rise in the usage of composites in the aeronautical industry. Furthermore, in the forecast period, government tax incentives and stimulus packages and the expanding popularity of pet foam are projected to provide several new opportunities for the structural core materials market. The global structural core materials market is being driven by an increase in the number of patents filed for structural core materials by international players, growing manufacturing industries, and ongoing agreements, partnerships & joint ventures, expansions, new product & technology launches, and mergers & acquisitions activities undertaken by various companies. The wind energy industry's growth has been assisted by the Production Tax Credit (PTC) renewal, pushing the structural core materials market forward. The structural core materials and glass reinforced polyester/epoxy are used to make wind turbine blades, fueling the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of structural core materials. The growth and trends of structural core materials industry provide a holistic approach to this study.
Market Segmentation
This section of the structural core materials market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
By Skin Type
By End-Use
- Aerospace
- Automotive
- Wind Energy
- Marine
- Construction
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Structural Core Materials market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Structural Core Materials Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the structural core materials market include Rockwell Collins, Inc.; DIAB International AB; Evonik Industries; Gurit Holding AG; Schweiter Technologies; Hexcel Corporation; and The Gill Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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