Structural Core Materials Market Size To Reach USD 2.98 Billion By 2026 | Reports and Data

The growth of the market is governed by various factors such as growing demand from the aerospace industry and stringent government regulations

Market Size – USD 1.92 Billion in 2018, Market Growth - CAGR of 5.6%, Market Trends-Emergence of countless new opportunities for light weight composite materials

The Structural Core Materials Market is expected to reach USD 2.98 Billion by 2026, according to a new report by Reports and Data. Structural core materials are utilized in composites, primarily to improve their physical properties. The market increase is spurred by rising product demand from the automobile and aerospace applications. Moreover, with increasing international trade, the marine sector has seen steady growth in recent times, which, in turn, is predicted to have a positive impact on the global structural core materials market. The increasing demand for lightweight materials in automobiles, aircraft, and marine vessels due to their high fuel efficiency is anticipated to be a significant factor in driving market growth.

The market in the North America region accounts for the largest share of 38.3% of the market in 2018. The presence of large organized players such as Hexcel Corporation (US) and The Gill Corporation (US) in this region contributes to the large share. These organizations are stimulating their attempts to be in line with market trends. The region is a leading market for honeycomb structural core production. The key players in this market are some of the significant honeycomb manufacturers, globally.

Request for FREE sample copy of this premium report at: https://www.reportsanddata.com/sample-enquiry-form/1654

Structural Core Materials Market

Further key findings from the report suggest

• The Structural Core Materials Market is estimated to reach USD 2.98 Billion by 2026, at a CAGR of 5.6% during the forecast period.
• The CFRP (Carbon Fiber Reinforced Polymer) material type segment accounts for the largest share of 31.2% of the market in 2018. CFRP is a fiber-reinforced composite element that uses carbon fiber as the principal structural element. These materials are frequently replacing metals in several automotive applications, substantially to decrease fuel consumption.
• They are mostly used in the manufacturing of aerospace & automotive components, blades for wind turbines, plates for building & construction, and other purposes.
• The Honeycomb product segment is anticipated to grow at the highest rate of 5.6% during the forecast period.
• Honeycombs are used mainly in lightweight construction, most prominently in applications such as aerospace, owing to features such as high stiffness and exceptional strength.
• These products are fire-resistant, corrosion-resistant, thermally insulating, and hold excellent dielectric characteristics and excellent thermal stability.
• The goal is usually to improve strength, fatigue, stiffness, resistance, or power to weight ratio by including robust and stiff fibers in a more flexible, ductile matrix.
• The wind energy end user segment is anticipated to grow at the highest rate of 5.8% during the forecast period.
• Asia Pacific is expected to be the fastest growing region and is forecasted to witness the highest CAGR of 6.5% during the forecast period. The growing demand for high-performance materials from the aerospace and wind energy industries and developing expansion and other developmental approaches that are being initiated in the region are the factors influencing the growth of the structural core materials market in APAC.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/structural-core-materials-market

• Various players are developing strategies to mark their presence in the industry.
• The Key players in the Structural Core Materials Market include Plascore, Diab Group, Gurit Holding, Evonik Industries, Schweiter Technologies, Hexcel Corporation, Changzhou Tiansheng New Materials Co. Ltd., Armacell International, The Gill Corporation, BASF, Verdane

For the purpose of this study, Reports and Data have segmented the market on the basis of Material Type, Product Type, End Users, and region:

Material Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• CFRP (Carbon Fiber Reinforced Polymer)
• GFRP (Glass Fiber Reinforced Polymer)
• NFRP (Natural Fiber Reinforced Polymer)
• Others

Product Type Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• Honeycomb
• Foam
• Balsa

End Users Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• Aerospace
• Automotive
• Wind energy
• Marine
• Others

Regional Outlook (Volume, Kilo Tons; and Revenue, USD Million; 2016-2026)

• North America
  • U.S.
• Europe
  • France
  • UK
• Asia Pacific
  • China
  • India
  • Japan
• Latin America
  • Brazil
• Middle East & Africa

Make an inquiry before buying this report: https://www.reportsanddata.com/make-enquiry-form/1654

This report provides:

1. A comprehensive overview of the global market for Structural Core Materials.
2. Evaluation of the global market trends, historical data analysis starting from 2011, prediction for the coming years, and estimation of compound annual growth rates (CAGRs) by the end of the forecast period.
3. Identification of new market prospects and targeted marketing approaches for Global Structural Core Materials Market.
4. Evaluation of R&D, and the demand for new product launches and applications.
5. Extensive company profiling, highlighting leading participants operating in the industry.
6. Market structure, in terms of dynamic molecule types and targets, emphasizing the major industry resources and players.
7. The growth in patient epidemiology and gross revenue for the global market, including crucial players and market segments.
8. Examination the sector in terms of the generic and premium product revenue.

Assessment of commercial opportunities in the market sales scenario by inspecting the trends observed for authorizing and co-developing deals.

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market.

Contact Us:
John Watson
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports  and Data | Web: www.reportsanddata.com