Core Material for Composites Market

Core Material for Composites Market by End-users (Construction, Wind Energy, Automotive, Consumer Goods, Aerospace & Defense, Marine, and Others), Types (Honeycomb, Foam Core, and Wood), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-4501
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 1
  • No. Of Pages: 166
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The global core material for composites market size is expected to expand at a CAGR of 8.9% during the forecast period, 2021–2028. The growth of the market is attributed to rising composites usage in the aerospace industry and increasing composites usage in the wind energy domain.


Core Material for Composites Market Key Takeaways

Composite core materials are used to accomplish several functions of engineered structures by compensating for a specific design such as weight reduction, energy absorption, impact resistance, or stiffness. These materials also have a unique mix of features that make them ideal for a variety of interior and structural applications including JAR/FAR fire protection requirements, good mechanical performance, toxicity (FST), and heat release. In regional and non-commercial aircraft, these composites are employed in big structural components as well as interior and flooring sections. Not only these materials are more durable but also they are affordable. As a result, these materials are widely used in various applications such as panel structures, freight, pallets, boats, as well as unmanned aerial vehicles (UAVs) in Airbus and Boeing aircraft.

The COVID-19 pandemic had adversely impacted the market as majority of automobile and aviation manufacturers witnessed a sluggish income of their operations in the early and mid-2020. The United States, South Korea, Japan, Germany, Italy, and the United Kingdom were the most affected nations due to their significant investment on the automobile and transportation.

Market Trends, Drivers, Restraints, and Opportunities

  • Introduction of PET foam and developments that help to produce final goods at a decreasing cost is expected to propel the market in the coming years.
  • Rising defense budget and growing demand for composites in the aerospace & military sector across countries are driving the market.
  • Absence of cost-effective manufacturing procedures for large-volume applications acts as a major hurdle that can hamper the market growth.
  • High capital intensity is another key restraining factor that can hinder the market expansion during the forecast period.
  • Massive R&D projects to develop goods in specialized applications to improve composite production create lucrative opportunities for the market.

Scope of the Report

The report on the global core material for composites market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Core Material for Composites Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

End-users (Construction, Wind Energy, Automotive, Consumer Goods, Aerospace & Defense, Marine, and Others), and Types (Honeycomb, Foam Core, and Wood)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

3A Composites; Gurit Holding AG; Diab International AB; Euro-composites SA; and Hexcel Corporation

Market Segment Insights

Automotive segment to hold a significant share of the market
In terms of end-users, the core material for composites market is divided into construction, wind energy, automotive, consumer goods, aerospace & defense, marine, and others. The automotive segment is expected to hold a significant share of the market ascribed to rising demand for fuel-efficient automobiles on the global market. However, the aerospace & defense segment is projected to account for a significant market share during the targeted period due to growing need for light-weight automobiles and other areas of performance.


Core Material for Composites Market By End users

Foam core segment to grow at a high rate during the forecast period

Based on types, the market is segregated into honeycomb, foam core, and wood. The foam core segment is expected to grow at a high rate during the projected period due to the high demand for intricate lightweight systems from the aerospace, wind energy, and marine building industries. Moreover, the honeycomb segment is expected to be a fast-growing segment during the forecast period as it provides low-strength, low-load applications such as home interior doors to high-strength components for aircraft constructions.

North America is anticipated to constitute a key market share

In terms of regions, the core material for composites market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period due to the wide allocation of money for the upgrade of defense and security system in the region. The United States has the world's largest aircraft sector and a major economy for automotive, marine, and construction business. However, the market of Asia Pacific is anticipated to expand at a rapid pace during the forecast period due to technological advancements, administrative regulations, and government initiatives for the effective use of composite materials.

Segments

The global core material for composites market has been segmented on the basis of

End-users
  • Construction
  • Wind Energy
  • Automotive
  • Consumer Goods
  • Aerospace & Defense
  • Marine
  • Others
 Types
  • Honeycomb
  • Foam Core
  • Wood
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Competitive Landscape

Key players competing in the global core material for composites market are 3A Composites; Gurit Holding AG; Diab International AB; Euro-composites SA; and Hexcel Corporation. These firms are pursuing a variety of inorganic and organic techniques to gain a major footprint in the business. Key tactics implemented by companies in the market include technology advancement, acquisitions, and R&D efforts.

Core Material for Composites Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Core Material for Composites Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Core Material for Composites Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Core Material for Composites Market - Supply Chain
  4.5. Global Core Material for Composites Market Forecast
     4.5.1. Core Material for Composites Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Core Material for Composites Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Core Material for Composites Market Absolute $ Opportunity
5. Global Core Material for Composites Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Core Material for Composites Market Size and Volume Forecast by Types
     5.3.1. Honeycomb Foam Core Wood
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Core Material for Composites Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Core Material for Composites Market Size and Volume Forecast by End Users
     6.3.1. Construction Wind Energy Automotive Consumer Goods Aerospace & Defense Marine  
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Core Material for Composites Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Core Material for Composites Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Core Material for Composites Demand Share Forecast, 2019-2026
8. North America Core Material for Composites Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Core Material for Composites Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Core Material for Composites Market Size and Volume Forecast by Types
     8.4.1. Honeycomb Foam Core Wood
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Core Material for Composites Market Size and Volume Forecast by End Users
     8.7.1. Construction Wind Energy Automotive Consumer Goods Aerospace & Defense Marine  
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Core Material for Composites Demand Share Forecast, 2019-2026
9. Latin America Core Material for Composites Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Core Material for Composites Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Core Material for Composites Market Size and Volume Forecast by Types
     9.4.1. Honeycomb Foam Core Wood
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Core Material for Composites Market Size and Volume Forecast by End Users
     9.7.1. Construction Wind Energy Automotive Consumer Goods Aerospace & Defense Marine  
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Core Material for Composites Demand Share Forecast, 2019-2026
10. Europe Core Material for Composites Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Core Material for Composites Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Core Material for Composites Market Size and Volume Forecast by Types
     10.4.1. Honeycomb Foam Core Wood
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Core Material for Composites Market Size and Volume Forecast by End Users
     10.7.1. Construction Wind Energy Automotive Consumer Goods Aerospace & Defense Marine  
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Core Material for Composites Demand Share Forecast, 2019-2026
11. Asia Pacific Core Material for Composites Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Core Material for Composites Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Core Material for Composites Market Size and Volume Forecast by Types
     11.4.1. Honeycomb Foam Core Wood
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Core Material for Composites Market Size and Volume Forecast by End Users
     11.7.1. Construction Wind Energy Automotive Consumer Goods Aerospace & Defense Marine  
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Core Material for Composites Demand Share Forecast, 2019-2026
12. Middle East & Africa Core Material for Composites Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Core Material for Composites Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Core Material for Composites Market Size and Volume Forecast by Types
     12.4.1. Honeycomb Foam Core Wood
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Core Material for Composites Market Size and Volume Forecast by End Users
     12.7.1. Construction Wind Energy Automotive Consumer Goods Aerospace & Defense Marine  
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Core Material for Composites Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Core Material for Composites Market: Market Share Analysis
  13.2. Core Material for Composites Distributors and Customers
  13.3. Core Material for Composites Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. 3A Composites Gurit Holding AG Diab International AB Euro-composites SA Hexcel Corporation
The global core material for composites market has been segmented on the basis of

End-users
  • Construction
  • Wind Energy
  • Automotive
  • Consumer Goods
  • Aerospace & Defense
  • Marine
  • Others
 Types
  • Honeycomb
  • Foam Core
  • Wood
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Key players competing in the global core material for composites market are 3A Composites; Gurit Holding AG; Diab International AB; Euro-composites SA; and Hexcel Corporation. These firms are pursuing a variety of inorganic and organic techniques to gain a major footprint in the business. Key tactics implemented by companies in the market include technology advancement, acquisitions, and R&D efforts.

Core Material for Composites Market By Key Players

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