The market size of the Core Material industry was valued at USD 1.5 billion in 2022. It is projected to reach USD 4.07 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 13.3% during the forecast period from 2023 to 2030.
The Core Material Market Forecast has witnessed significant growth and is expected to continue its upward trajectory in the coming years. This growth can be attributed to various factors, including increasing demand from end-use industries such as aerospace, automotive, wind energy, and marine.
The aerospace sector, in particular, has been a major driver for the Core Material Market. With the rising demand for lightweight and fuel-efficient aircraft, the need for advanced core materials has surged. These materials offer excellent strength-to-weight ratio, thermal stability, and enhanced mechanical properties, making them ideal for aerospace applications.
Similarly, the automotive industry has also witnessed a surge in the adoption of core materials. As automakers strive to develop lightweight vehicles to improve fuel efficiency and reduce emissions, the demand for advanced core materials has soared. These materials not only help in weight reduction but also enhance structural integrity and crash resistance.
Furthermore, the wind energy sector has emerged as a significant consumer of core materials. With the increasing focus on renewable energy sources, the demand for wind turbines has witnessed substantial growth.
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Market Segmentation:
By Type
- Foam
- Honeycombs
- Balsa
By outer skin type
- CFRP
- GFRP
- NFRP
- Others
By End User
- Transportation
- Wind Energy
- Aerospace
- Consumer Goods
- Marine
- construction
Key players:
Evonik Industries AG, Armacell International S.A., Plascore Incorporated, Diab Group, 3A Composites, Gurit Holding AG, Hexcel Corporation, Euro-Composites S.A., The Gill Corporation, Changzhou Tiangseng New Materials Co. and the other key players mentioned in the final report.
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Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Core Material Market Forecast By Type
9.Emulsion Core Material Market Forecast By Outer Skin Type
10.Emulsion Core Material Market Forecast By End User
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion
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