Lucintel's latest market report analyzed that core material provides attractive opportunities in wind energy, marine, construction, aerospace & defense, and transportation end use. The core material market is expected to reach $2,316.9million by 2027 with a CAGR of 6.5%. In this market, wind energy is the largest segment by end use, whereas foam core is largest by product type. Introduction of hybrid system, replacement of conventional metal structures with composites provides strategic growth path in this market.
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Based on end use, the core material market is segmented into wind energy, marine, construction, aerospace and defense, transportation, and others. The wind energy segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to increase in the diameter of rotors is driving the demand for core materials in this industry.
Browse in-depth TOC on “Core Material Market”
82 – Tables
107 – Figures
212 – Pages
The Core Material Market is marked by the presence of several big and small players. Some of the prominent players offering core material include DIAB, Gurit, 3A Composites, Armacell, Hexcel Corporation, The Gill Corporation, and Euro Composites.
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