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Core Material For Composites Market - Forecast(2023 - 2028)
Overview
Core Material for Composites Market size is forecast to reach $1.96 billion by 2025, after growing at a CAGR of 8.5% during 2020-2025. The increasing number of patents filed for core materials by global players, growing manufacturing industries, and continuous agreements, expansions, partnerships & joint ventures, new product & technology launches, and mergers & acquisitions activities undertaken by various companies are key factors for growth of the global core materials market for composites.
Key Takeaways
- The lack of economical manufacturing processes for bulk-volume applications and the market being highly capital intensive, are likely to hinder the growth of the market.
- The growing usage of PET foam and innovations aimed at lowering the costs of end products are likely to provide opportunities for the market to grow through the years to come.
By Type - Segment Analysis
Foam segment is dominating the core materials for composites market. PVC foam is expected to be the fastest-growing sub-segment, under the foam core segment of the composite material market. PVC foams are closed-cell, lightweight, high strength, moisture resistant, and have superior physical properties compared to other foams of similar density. Increasing demand for complex lightweight systems from the aerospace and wind energy industries, and low water absorbance materials in marine construction are expected to drive the market for PVC foam, through the forecast period.
By End User Industry - Segment Analysis
The automotive industry was primarily expected to drive the growth in the global core material for composites market in 2019. The growing depletion of oil resources have increased oil prices globally, thereby, boosting the demand for lightweight and fuel-efficient vehicles in the global market. The increasing demand for light weight vehicles globally, encourages the application of composite materials in the industry, which is expected to drive the demand for core materials for composites.
Geography - Segment Analysis
Asia-Pacific accounted for the largest share, accounting to more than xx% of the global market in 2019. The market for Asia-Pacific is expected to dominate the market for core materials for composites, due to the growth of the end-user industries and uses of lightweight composite in aerospace & defense and automotive industries for benefits, such as reducing weight, increasing fuel economy, and other performance-related aspects.
Drivers – Core Material for Composites Market
- The growing demand of innovative materials with high mechanical properties by various end use verticals.
The growth of the core materials market for composites can be attributed to the rising demand for superior performance materials, and environment friendly products from wind energy and aerospace industries. In APAC, various developing countries such as India, China, and Malaysia, the growing wind energy projects, high speed rail projects have increased the demand of core materials, specifically with thermal conductivity, sound insulation, and fire resistance, in order to build light weight body with high mechanical properties. These factors are driving the growth of the market.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Core Material for Composites market. In 2019, the market of Core Material For Composites has been consolidated by the top five players accounting for xx% of the share. Core Material for Composites Market top 10 companies are Diab International AB, 3A Composites, Gurit Holding AG, Changzhou Tiansheng New Materials Co. Ltd, Armacell International S.A., Hexcel Corporation, Euro-Composites S.A., The Gill Corporation, Plascore Incorporated, Evonik Industries AG and Saertex GmbH & Co.KG, among others.
1. Core Material For Composites Market - Overview
1.1 Definitions and Scope
2. Core Material For Composites Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Core Material For Composites Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Core Material For Composites Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Core Material For Composites Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Core Material For Composites Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Core Material For Composites Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Core Material For Composites Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Core Material For Composites Market - By Type (Market Size -$Million / $Billion)
11.1 Core Material For Composites Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Core Material For Composites- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Core Material For Composites- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Core Material For Composites - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Core Material For Composites - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Core Material For Composites Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Core Material For Composites Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Core Material For Composites Market - Key Company List by Country Premium
15. Core Material For Composites Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 3A Composite
15.3 Armacell International S A
15.4 Changzhou Tiansheng New Material Co. Ltd
15.5 Diab International Ab
15.6 Euro-Composites S A
15.7 Evonik Industry Ag
15.8 Gurit Holding Ag
15.9 Hexcel Corporation
15.10 Plascore Incorporated
15.11 Saertex Gmbh Co.Kg
15.12 The Gill Corporation
15.13 Company 12
15.14 Company 13 & More
16.1 Abbreviations
16.2 Sources
17. Core Material For Composites Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
1.1 Definitions and Scope
2. Core Material For Composites Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Core Material For Composites Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Core Material For Composites Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Core Material For Composites Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Core Material For Composites Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Core Material For Composites Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Core Material For Composites Market - By Product Type(Market Size -$Million / $Billion)
8.1 Market Size and Market Share Analysis
8.2 Application Revenue and Trend Research
8.3 Product Segment Analysis
9. Core Material For Composites Market - By Type (Market Size -$Million / $Billion)
9.1 Foam Cores
9.1.1 PVC Foam
9.1.2 Polystyrene Foam
9.1.3 Polyurethane Foam
9.1.4 PMMA Foam
9.1.5 SAN Co-polymer Foam
9.2 Honeycombs
9.2.1 Aluminum Honeycomb
9.2.2 Nomex Honeycomb
9.2.3 Thermoplastic Honeycomb
9.2.4 Wood
9.2.5 Balsa
10. Core Material For Composites - By End-user Industry (Market Size -$Million / $Billion) 10.1 Aerospace & Defense
10.2 Marine
10.3 Construction
10.4 Wind Energy
10.5 Automotive
10.6 Consumer Goods
11. Core Material For Composites- By Geography (Market Size -$Million / $Billion)11.1 Core Material For Composites Market - North America Segment Research
11.2 North America Market Research (Million / $Billion)
11.2.1 Segment type Size and Market Size Analysis
11.2.2 Revenue and Trends
11.2.3 Application Revenue and Trends by type of Application
11.2.4 Company Revenue and Product Analysis
11.2.5 North America Product type and Application Market Size
11.2.5.1 U.S
11.2.5.2 Canada
11.2.5.3 Mexico
11.2.5.4 Rest of North America
11.3 Core Material For Composites- South America Segment Research
11.4 South America Market Research (Market Size -$Million / $Billion)
11.4.1 Segment type Size and Market Size Analysis
11.4.2 Revenue and Trends
11.4.3 Application Revenue and Trends by type of Application
11.4.4 Company Revenue and Product Analysis
11.4.5 South America Product type and Application Market Size
11.4.5.1 Brazil
11.4.5.2 Venezuela
11.4.5.3 Argentina
11.4.5.4 Ecuador
11.4.5.5 Peru
11.4.5.6 Colombia
11.4.5.7 Costa Rica
11.4.5.8 Rest of South America
11.5 Core Material For Composites- Europe Segment Research
11.6 Europe Market Research (Market Size -$Million / $Billion)
11.6.1 Segment type Size and Market Size Analysis
11.6.2 Revenue and Trends
11.6.3 Application Revenue and Trends by type of Application
11.6.4 Company Revenue and Product Analysis
11.6.5 Europe Segment Product type and Application Market Size
11.6.5.1 U.K
11.6.5.2 Germany
11.6.5.3 Italy
11.6.5.4 France
11.6.5.5 Netherlands
11.6.5.6 Belgium
11.6.5.7 Denmark
11.6.5.8 Spain
11.6.5.9 Rest of Europe
11.7 Core Material For Composites - APAC Segment Research
11.8 APAC Market Research (Market Size -$Million / $Billion)
11.8.1 Segment type Size and Market Size Analysis
11.8.2 Revenue and Trends
11.8.3 Application Revenue and Trends by type of Application
11.8.4 Company Revenue and Product Analysis
11.8.5 APAC Segment - Product type and Application Market Size
11.8.5.1 China
11.8.5.2 Australia
11.8.5.3 Japan
11.8.5.4 South Korea
11.8.5.5 India
11.8.5.6 Taiwan
11.8.5.7 Malaysia
11.8.5.8 Hong kong
11.8.5.9 Rest of APAC
11.9 Core Material For Composites - Middle East Segment and Africa Segment Research
11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Core Material For Composites Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Core Material For Composites Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Core Material For Composites Market - Key Company List by Country Premium
15. Core Material For Composites Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 3A Composite
15.3 Armacell International S A
15.4 Changzhou Tiansheng New Material Co. Ltd
15.5 Diab International Ab
15.6 Euro-Composites S A
15.7 Evonik Industry Ag
15.8 Gurit Holding Ag
15.9 Hexcel Corporation
15.10 Plascore Incorporated
15.11 Saertex Gmbh Co.Kg
15.12 The Gill Corporation
15.13 Company 12
15.14 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Core Material For Composites Market - Appendix16.1 Abbreviations
16.2 Sources
17. Core Material For Composites Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends