Core Materials Market Size, Share and Forecast 2019-2026

SKU: DPC436 | Last Updated On: Nov 18 2019 | No. of Pages: 198 | Available Formats

On February 26, 2019, 3A Composites Core Materials launches two innovative products namely BALTEK® SealX, and BALTEK® Adaptive ContourKore to improve its balsa core total cost.

Market Overview

Core Materials Market for composites is projected to grow at a CAGR of 8.9% between 2019 and 2026.

 

Thermal conductivity, sound insulation, and fire resistance can also be improved by the use of the proper core material. The use of core materials is also called sandwich construction.

Core Materials Market is segmented by type, end-user industry, and geography. By type, market is segmented into Honeycomb, Balsa, and Foam. By the end-user industry, the market is further segmented by Aerospace, Wind Energy, Marine, Transportation, and Construction. Whereas by geography the market is divided into North America, South America, Europe, Asia Pacific and the Rest of the World.

Moving forward the global Core Materials Market is expected to witness significant growth owing to the range of building constructions, growth in renovation and refurbishing activities particularly in high-growth economies such as China, India, and Southeast Asia to drive core materials market.

Global Construction Films Market Value (USD Million), 2018-2026

Source: DataM Intelligence Analysis (2019)

Market Dynamics

The global Core Materials Market is anticipated to witness significant growth with the range of building constructions, renovation and refurbishing activities in fast growing economies such as China, India, and Southeast Asia.

 

Construction industry in India is in full swing, some of the projects includes development of palava industrial township worth USD 4.18 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY Package C in Jabalpur worth USD 1.78 bn, Construction of EWS, LIG and MIG houses and development of infrastructure work under PMAY Package A worth USD 1.76 bn are a few projects. 

 

When comes to South East region rolling out its 2016-2020 infrastructure plan, Thailand is set to benefit from the stability of the current government along with public and private sector. The country is likely to witness increase in its infrastructure spending over the medium term.

 

Vietnam plans to increase urbanization from its current 27% to a 45.2% by 2020 with increased spending on infrastructure projects through foreign and private investment. The country is taking help from public-private partnerships to maintain its manufacturing hub status in the region.

 

Indonesia is likely to spend heavily in infrastructure till 2025. The spend matches the government spend of nearly 7% per year, and many infrastructure-related firms in the country are said to have received capital from the government. This trend comes with the Indonesian jurisdiction protecting local suppliers, especially because it comes under earthquake affected zone, and where local survival is important.

 

Therefore the range of construction activity and scope for new construction projects in the region is set to drive the Core Materials Market. 

Type segment Analysis

Based on type, Core Materials Market is classified into Honeycomb, Balsa, and Foam. Currently construction films is the dominant by foam segment and it accounts for approximately XX% of the market.

Foam is most frequently used as structural core material for composite laminates, delivering added strength, stiffness, and insulation, without adding weight. Generally, it is easy to handle, readily conforms to shapes, and can be bonded in layers to add thickness.

Variety of foams used for applications that include flotation, sculpting, cavity filling, pattern making, flow media for resin infusion.

Vinyl sheet foam is one of the most versatile core materials on the market. It is a rigid, closed cell material that resists hydrocarbons, alkalis, dilute acids, methyl alcohol, sea water, gasoline, diesel oil, and it is self extinguishing.

It has been used extensively in aircraft and performance automotive structures, but it can be applied anywhere that high properties and easy handling are needed.

Core Materials Market Share, By Type, 2018 (%)

Source: DataM Intelligence Analysis (2019)

Market segmentation

Based on the application, the core materials market is classified into Aerospace, Wind Energy, Marine, Transportation, and Construction. Currently, barrier application is the dominant segment and it accounts for approximately XX% of the market.

For better performance in the aerospace sector light, strong and resilient materials are demanded flight control surfaces, rotor blades, radomes, and satellite containment fairings are other common applications.

Foams excellent option for reducing the weight of all aircraft structural foams. Foams are well-suited sandwich structures for the aircraft wings, landing gear doors, radomes, Vertical and horizontal stabilizers, ailerons, and areas subject to surface damage.

Owing to the growing population, improving economies, spending powers, industrialization has led to the growth in air travelers year on year, Moving forward this trend is anticipated to continue, directly contributing to the demand for core materials used in the aerospace design.

Global Number of air transport passengers carried, 2011-2017 (Billion)

Source: World Bank Organization

 Core Materials Market Share, By Application, 2018 (%)

Source: DataM Intelligence Analysis (2019)

Geographical Analysis

The Asia Pacific Core Materials Market size was worth USD XX million in 2018 and is estimated to reach USD XX million by 2026, at a CAGR of XX% during the forecast period. Asia Pacific region is expected to grow with high CAGR during the forecast period owing to the strong growth in the end user industry in this region.  

Due to the rapid urbanization in the region and this trend is projected to continue in coming years and thereby to bring unprecedented demographic, economic and social shifts.

Urban development in the region will have an important positive impact on the construction films industry. For instance one of the fast growing economies in the region such as India have witnessed immense demand in commercial space such as office spaces, hotels, retail, entertainment units. Annual absorption of office space in India crossed 42 mn sq ft in 2017.

Furthermore, new construction activities, housing projects are expected to drive the demand for construction films demand in the ASEAN countries. 

Boeing Co. of the United States and other major international aircraft makers are moving to build manufacturing bases in Southeast Asia. Thailand and Malaysia are eager to attract industries from overseas, in the hope of developing their economies. This is presenting opportunities for small and midsized Japanese companies that manufacture airplane parts or provide other services to start operations in the region.

Thailand is planning to build a base for the maintenance, repair and overhaul (MRO) of aircraft in a special economic zone. Demand for MRO services is growing due to an increase in the number of airplanes flying in the region.

Europe’s Airbus has already decided to start operations in the zone, with Boeing Co., Rolls-Royce of Britain and other companies also considering investments there. Owing to these developments, core materials market to witness strong demand in the region.

Global Core Materials Market, By Region 2018 (%)

Source: DataM Intelligence Analysis (2019)

Competitive Analysis:

Some of the major players in the global Core Materials Market includes Diab Group, Evonik Industries AG, Gurit Holding AG, 3A Composites, Hexcel Corporation, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd, The Gill Corporation, Euro-Composites S.A., Plascore Incorporated.

Global Core Materials Market is partially fragmented with the presence good number of small regional players. key players in the market focus on new product launches, expansions, mergers & acquisitions to enhance their position in the Core Materials Market.

On August 21  2019, Gurit announces supply contracts for core materials which have been secured with two world leading Wind OEMs for its Composite Materials business unit. These contracts showcases the strategic focus of the company towards Wind turbine market.

Why Purchase the Report?

  • Visualize the composition of the Core Materials Market in terms of type, and end user industry highlighting the key commercial assets and players.

  • Identify commercial opportunities in Core Materials Market by analyzing trends and co-development deals.

  • Excel data sheet with thousands of data points of Core Materials Market - level 4/5 segmentation.

  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

  • Product mapping in excel for the key product of all major market players

 

The global Core Materials Market report would provide an access to an approx, 53 data table, 44 figures and 190 pages

 

Target Audience

  • Service Providers/ Buyers

  • Industry Investors/Investment Bankers

  • Education & Research Institutes

  • Research Professionals

  • Emerging Companies

  • Manufacturers

 

Related Reports:

Foam Glass Market

Foam Dressings Market

 

 

 

 

 

Table of Contents 

  1. Core Materials Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2.  Core Materials Market– Market Definition and Overview

  3.  Core Materials Market – Executive Summary

    1. Market Snippet by Type
    2. Market Snippet by End User Industry
    3. Market Snippet by Region
  4.  Core Materials Market Dynamics

    1. Market Impacting Factors
      1. Drivers
        1. Growing end user industries in Asia Pacific region
    2. Restraints
      1. Capital intensive nature of the industry
    3. Opportunity
    4. Impact Analysis
  5.  Core Materials Market– Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
    4. Pricing Analysis
    5. Patent Analysis
  6. Core Materials Market– By Type

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      2. Market Attractiveness Index, By Type
    2. Honeycomb*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3.  Balsa
    4. Foam
  7. Core Materials Market– By End-Use Industry

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End Use Industry
      2. Market Attractiveness Index, By End Use Industry
    2. Aerospace *
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2026 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Wind Energy
    4. Marine
    5. Transportation
    6. Construction
  8. Core Materials Market- By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End Use Industry
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End Use Industry
  9.  Core Materials Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10.  Core Materials Market Company Profiles

    1. Diab Group *
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. Evonik Industries AG
    3. Gurit Holding AG
    4. 3A Composites
    5. Hexcel Corporation
    6. Armacell International S.A.
    7. Changzhou Tiansheng New Materials Co. Ltd
    8. The Gill Corporation
    9. Euro-Composites S.A.
    10. Plascore Incorporated (**List not exhaustive)
  11. Core Materials Market– DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

List of Tables & Figures

List of Tables
Table 1 Global Core Materials Market Value, By Type, 2018,2022 & 2026 ($ Million)
Table 2 Global Core Materials Market Value, By End-Use Industry, 2018,2022 & 2026 ($ Million)
Table 3 Global Core Materials Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 4 Global Core Materials Market Value, By Type, 2018,2022 & 2026 ($ Million)
Table 5 Global Core Materials Market Value, By Type, 2017-2026 ($ Million)
Table 6 Global Core Materials Market Value, By End-Use Industry, 2018,2022 & 2026 ($ Million)
Table 7 Global Core Materials Market Value, By End-Use Industry, 2017-2026 ($ Million)
Table 8 Global Core Materials Market Value, By Region, 2018,2022 & 2026 ($ Million)
Table 9 Global Core Materials Market Value, By Region, 2017-2026 ($ Million)
Table 10 North America Core Materials Market Value, By Type, 2017-2026 ($ Million)
Table 11 North America Core Materials Market Value, By End-Use Industry, 2017-2026 ($ Million)
Table 12 North America Core Materials Market Value, By Country, 2017-2026 ($ Million)
Table 13 South America Core Materials Market Value, By Type, 2017-2026 ($ Million)
Table 14 South America Core Materials Market Value, By End-Use Industry, 2017-2026 ($ Million)
Table 15 South America Core Materials Market Value, By Country, 2017-2026 ($ Million)
Table 16 Europe Core Materials Market Value, By Type, 2017-2026 ($ Million)
Table 17 Europe Core Materials Market Value, By End-Use Industry, 2017-2026 ($ Million)
Table 18 Europe Core Materials Market Value, By Country, 2017-2026 ($ Million)
Table 19 Asia-Pacific Core Materials Market Value, By Type, 2017-2026 ($ Million)
Table 20 Asia-Pacific Core Materials Market Value, By End-Use Industry, 2017-2026 ($ Million)
Table 21 Asia-Pacific Core Materials Market Value, By Country, 2017-2026 ($ Million)
Table 22 Middle East & Africa Core Materials Market Value, By Type, 2017-2026 ($ Million)
Table 23 Middle East & Africa Core Materials Market Value, By End-Use Industry, 2017-2026 ($ Million)
Table 24 Diab Group: Overview
Table 25 Diab Group: Product Portfolio
Table 26 Diab Group: Key Developments
Table 27 Evonik Industries AG : Overview
Table 28 Evonik Industries AG : Product Portfolio
Table 29 Evonik Industries AG : Key Developments
Table 30 Gurit Holding AG : Overview
Table 31 Gurit Holding AG : Product Portfolio
Table 32 Gurit Holding AG : Key Developments
Table 33 3A Composites : Overview
Table 34 3A Composites : Product Portfolio
Table 35 3A Composites : Key Developments
Table 36 Hexcel Corporation : Overview
Table 37 Hexcel Corporation : Product Portfolio
Table 38 Hexcel Corporation : Key Developments
Table 39 Armacell International S.A. : Overview
Table 40 Armacell International S.A. : Product Portfolio
Table 41 Armacell International S.A. : Key Developments
Table 42 Changzhou Tiansheng New Materials Co. Ltd : Overview
Table 43 Changzhou Tiansheng New Materials Co. Ltd : Product Portfolio
Table 44 Changzhou Tiansheng New Materials Co. Ltd : Key Developments
Table 45 The Gill Corporation : Overview
Table 46 The Gill Corporation : Product Portfolio
Table 47 The Gill Corporation : Key Developments
Table 48 Euro-Composites S.A. : Overview
Table 49 Euro-Composites S.A. : Product Portfolio
Table 50 Euro-Composites S.A. : Key Developments
Table 51 Plascore Incorporated: Overview
Table 52 Plascore Incorporated: Product Portfolio
Table 53 Plascore Incorporated: Key Developments

List of Figures
Figure 1 Global Core Materials Market Share, By Type, 2018 & 2026 (%)
Figure 2 Global Core Materials Market Share, By End-Use Industry, 2018 & 2026 (%)
Figure 3 Global Core Materials Market Share, By Region, 2018 & 2026 (%)
Figure 4 Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 5 Global Core Materials Market Y-o-Y Growth, By Type, 2018-2026 (%)
Figure 6 Honeycomb: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 7 Balsa: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 8 Foam: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 9 Global Core Materials Market Y-o-Y Growth, By End-Use Industry, 2018-2026 (%)
Figure 10 Aerospace: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 11 Wind Energy : Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 12 Marine: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 13 Transportation: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 14 Construction: Global Core Materials Market Value, 2017-2026 ($ Million)
Figure 15 Global Core Materials Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 16 North America Core Materials Market Value, 2017-2026 ($ Million)
Figure 17 North America Core Materials Market Share, By Type, 2018 & 2026 (%)
Figure 18 North America Core Materials Market Share, By End-Use Industry, 2018 & 2026 (%)
Figure 19 North America Core Materials Market Share, By Country, 2018 & 2026 (%)
Figure 20 South America Core Materials Market Value, 2017-2026 ($ Million)
Figure 21 South America Core Materials Market Share, By Type, 2018 & 2026 (%)
Figure 22 South America Core Materials Market Share, By End-Use Industry, 2018 & 2026 (%)
Figure 23 South America Core Materials Market Share, By Country, 2018 & 2026 (%)
Figure 24 Europe Core Materials Market Value, 2017-2026 ($ Million)
Figure 25 Europe Core Materials Market Share, By Type, 2018 & 2026 (%)
Figure 26 Europe Core Materials Market Share, By End-Use Industry, 2018 & 2026 (%)
Figure 27 Europe Core Materials Market Share, By Country, 2018 & 2026 (%)
Figure 28 Asia-Pacific Core Materials Market Value, 2017-2026 ($ Million)
Figure 29 Asia-Pacific Core Materials Market Share, By Type, 2018 & 2026 (%)
Figure 30 Asia-Pacific Core Materials Market Share, By End-Use Industry, 2018 & 2026 (%)
Figure 31 Asia-Pacific Core Materials Market Share, By Country, 2018 & 2026 (%)
Figure 32 Middle East & Africa Core Materials Market Value, 2017-2026 ($ Million)
Figure 33 Middle East & Africa Core Materials Market Share, By Type, 2018 & 2026 (%)
Figure 34 Middle East & Africa Core Materials Market Share, By End-Use Industry, 2018 & 2026 (%)
Figure 35 Diab Group: Financials
Figure 36 Evonik Industries AG : Financials
Figure 37 Gurit Holding AG : Financials
Figure 38 3A Composites : Financials
Figure 39 Hexcel Corporation : Financials
Figure 40 Armacell International S.A. : Financials
Figure 41 Changzhou Tiansheng New Materials Co. Ltd : Financials
Figure 42 The Gill Corporation : Financials
Figure 43 Euro-Composites S.A. : Financials
Figure 44 Plascore Incorporated: Financials

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