STRUCTURAL CORE MATERIALS MARKET RESEARCH REPORT 2018 TO 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

STRUCTURAL CORE MATERIALS MARKET RESEARCH REPORT 2018 TO 2023 Overview: Structural Core Materials are used in composites mainly to enhance their physical properties. The most commonly used structural core materials are foam, balsa, and honeycomb. Balsa has a high aspect ratio and is extensively used in boat hulls, navy vessels, military aircraft, and industrial tanks, among others. Honeycomb materials include aluminum, paper, polypropylene, and impregnated fiberglass. Honeycomb is used in applications where extremely lightweight panels are required. According to MRFR analysis, the global structural core materials market is projected to grow at a CAGR of over 5% during the forecast period. Market growth is driven by increasing product demand from the automobile and aerospace industries. Moreover, with rising international trade, the marine sector has seen substantial growth in recent times which, in turn, is projected to have a positive impact on the global structural core materials market. The growing demand for lightweight materials in aircraft, automobiles, and marine vessels due to their high fuel efficiency is expected to be a major factor driving market growth. Structural Core Materials Market : Overview, Regional Analysis, Segmentation, Geographic Analysis, Key Players And Forecasts to 2023

STRUCTURAL CORE MATERIALS MARKET RESEARCH REPORT 2018 TO 2023 Global Structural Core Materials Market Share, by Product (%) Source: MRFR Analysis

4 STRUCTURAL CORE MATERIALS MARKET RESEARCH REPORT 2018 TO 2023 Regional Analysis: Geographically, Global Structural Core Materials Market is segmented across Five Regions in the world namely: Asia Pacific, North America, Europe, Latin America, Middle East & Africa. Among these, North America was the leading regional structural core materials market in Factors such as the growing adoption of the product in the automobile and aerospace sectors are driving market growth. Asia-Pacific is expected to be the fastest-growing regional market during the forecast period. The shifting of automobile bases to the region, coupled with the increasing number of government initiatives for the generation of renewable energy, is further propelling market growth. The structural core materials market in Asia-Pacific is projected to grow at a CAGR of 6.5% during the forecast period. Request a Sample

STRUCTURAL CORE MATERIALS MARKET RESEARCH REPORT 2018 TO 2023 Segmentation: The Global Structural Core Materials Market has been segmented by product, skin type, and end-use industry. On the basis of product, 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 application of foam in wind turbine blades and the nacelles of aircraft and automobiles is expected to drive the growth of the foam segment. On the basis of skin type, the market has been classified as glass fiber reinforced polymer (GFRP), carbon fiber reinforced polymer (CFRP), and natural fiber reinforced polymer (NFRP), and others. According to MRFR analysis, the CFRP segment is expected to hold the majority market share during the forecast period. The advanced properties of CFRP, such as tensile strength and thermal expansion, in comparison with glass and other fibers, account for the growth of the segment. On the basis of end-use industry, the aerospace industry was the largest in 2017 while the wind energy segment is expected to register the highest CAGR during the forecast period. Growing international trade, coupled with the burgeoning aerospace sector in emerging economies, is leading to a surge in demand for structural core materials. Browse

STRUCTURAL CORE MATERIALS MARKET RESEARCH REPORT 2018 TO 2023 Key Players: The Major Players operating in the Structural Core Materials Market are: Diab Group (Sweden), Hexcel Corporation (U.S.), Schweiter Technologies (Switzerland), Euro Composites (Luxembourg), Gurit Holding (Switzerland), The Gill Corporation (U.S.), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (U.S.), Armacell International (Luxembourg), Evonik Industries (Germany).

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