SAN FRANCISCO, February 20, 2018 /PRNewswire/ --
The global structural core materials
market size is expected to reach USD 2.80 billion by 2025, according to a new
report by Grand View Research, Inc., exhibiting a CAGR of 5.9%
during the forecast period. As the wind energy sector continues to
flourish, structural core materials are anticipated to rake in a
healthy share in the revenue pie. Rising consumer disposable income
of people in countries such as U.S., India, and China is leading to expansion of the aerospace
and automotive industries, thereby boosting the need for structural
core materials for parts and components manufacturing.
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In terms of revenue, aerospace was the largest end-use segment,
accounting for about 38.0% of the global market in 2016. In the
field of aircraft and helicopter engineering, sandwich structures
are the preferred choice for lightweight yet high-strength designs.
High temperature resistance of cores has further facilitated the
demand for these products.
Booming aerospace and construction industries worldwide are
unfolding several growth opportunities for the structural core
materials market. However, prices of raw materials used for
manufacturing could play a crucial role in overall production cost
in the future.
DIAB International AB, a major player in the market, tripled its
production capacity of advanced foam cores to meet increasing
demand from the aerospace industry worldwide. A few companies
acquired and merged with each other to enhance their product
offerings and expand their global reach. For instance, Gurit
Holding AG acquired BASF's PET structural foam business with the
intention of strengthening Gurit's range of structural core
material products. Such strategic initiatives reflect the
intensifying competition in the structural core materials
market.
Browse full research report with TOC on
"Structural Core Materials Market Size, Share &
Trends Analysis Report By Product (Foam, Balsa, Honeycomb), By Skin
Type, By End Use (Aerospace, Automotive, Wind Energy, Marine,
Construction), And Segment Forecasts, 2014 - 2025"
at:
https://www.grandviewresearch.com/industry-analysis/structural-core-materials-market
Further Key Findings From the Report Suggest:
- The wind energy end-use segment is slated to experience the
fastest growth in terms of revenue, progressing at a CAGR of 8.4%
from 2017 to 2025. The growth of the segment can be attributed to
increasing number of wind farms in emerging economies
- Carbon FRP emerged as the largest skin type segment in terms of
revenue in 2016 and is projected to value more than USD 1.15 billion by 2025. The segment is poised
to experience steady growth over the forecast period owing to
superior properties offered by carbon fiber-based materials in
lightweight and high-strength construction
- The Asia Pacific region is
likely to register the highest CAGR over the forecast years owing
to rapid growth of the aerospace, automotive, and wind energy
industries in the region, most notably in India and China. In terms of revenue, the regional
market is expected to post a CAGR of 7.6% from 2017 to 2025
- Players such as Rockwell Collins, Inc.; DIAB International AB;
Evonik Industries; Gurit Holding AG; Schweiter Technologies; Hexcel
Corporation; and The Gill Corporation dominated the global
structure core materials market.
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Grand View Research has segmented the global structural core
materials market on the basis of product, skin type, end use, and
region:
- Structural Core Materials Product Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
- Structural Core Materials Skin Type Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
- Structural Core Materials End Use Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
- Aerospace
- Automotive
- Wind energy
- Marine
- Construction
- Others
- Structural Core Materials Regional Outlook (Volume,
Kilotons; Revenue, USD Million, 2014 - 2025)
- North America
- Europe
- Asia Pacific
- Central & South America
- Middle East & Africa
Read Our Blog By Grand View Research:
https://www.grandviewresearch.com/blogs/healthcare
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and
consulting company, registered in the State of California and headquartered in
San Francisco. The company
provides syndicated research reports, customized research reports,
and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant
and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: +1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com