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Structural Core Materials Market Segment Analysis By Product, Skin Type, End Use, Region And Forecast Till 2025 : Grand View Research Inc.

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Structural Core Materials Market Segment Analysis By Product, Skin Type, End Use, Region And Forecast Till 2025 : Grand View Research Inc.

December 02
13:52 2019
Structural Core Materials Market Segment Analysis By Product, Skin Type, End Use, Region And Forecast Till 2025 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global structural core materials market size was estimated at USD 1.68 billion in 2016. Growing demand for these materials from the wind energy industry is a major trend observed in the market.

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. 

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.

U.S. structural core materials market, by end use, 2014 - 2025 (USD Million)

Request a sample Copy of the Structural Core Materials Market Research Report @ https://www.grandviewresearch.com/industry-analysis/structural-core-materials-market/request/rs1

Key Takeways Of The Report :

  • 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.

Global structural core materials market revenue, by region, 2016 (%)

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/4954/ibb

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)

  • Foam

  • Balsa

  • Honeycomb

Structural Core Materials Skin Type Outlook (Volume, Kilotons; Revenue, USD Million, 2014 – 2025)

  • GFRP

  • CFRP

  • NFRP

  • Others

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

    • U.S.

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

Browse Related Report :

Automotive Stainless Steel Tube Market : https://www.grandviewresearch.com/industry-analysis/automotive-stainless-steel-tube-market

Reflective Material Market : https://www.grandviewresearch.com/industry-analysis/reflective-material-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1-415-349-0058, Toll Free: 1-888-202-9519
Address:201, Spear Street, 1100
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/structural-core-materials-market

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