Core materials are extensively used in composite laminates, as they aid in increasing a laminates stiffness and decreasing its density.

Agreements, partnerships, & joint ventures and expansions accounted for a share of 41.0% and 38.0%, respectively, among others in the core materials market for composites between 2011 and 2016. New product & technology launches and merger & acquisitions are the other growth strategies which together accounted for 22.0% of all the development strategies of the core materials market for composites.

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The major core materials manufacturers are Diab Group (Sweden), Hexcel Corporation (U.S.), 3A Composites (Switzerland), Euro-Composites S.A. (Luxembourg), Gurit Holding AG (Switzerland), The Gill Corporation (U.S.), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (U.S.), Armacell International S.A. (Luxembourg), and Evonik Industries AG (Germany). These companies have adopted various organic and inorganic growth strategies such as agreements, partnerships, & joint ventures, expansions, new product & technology launches, and mergers & acquisitions.

Diab Group (Sweden) and Hexcel Corporation (U.S.) are the most active players in the core materials market for composites. These companies adopted various strategies to enhance their market share in the global core materials market for composites, accounting for 30.0% of all the market activities undertaken between 2016 and 2021.

Diab Group (U.S.) is engaged in developing, manufacturing, sales, and marketing of core materials for sandwich composite structures. It accounted for the 16% share of all the development activities undertaken in the core materials market for composites. The company follows dynamic growth strategies with agreements, partnerships, expansions, and new product launches as the major growth strategies to enhance its regional presence. For instance, the company signed a partnership agreement with Nexam Chemical to develop high performance PET foam.

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Hexcel Corporation (U.S.) is engaged in manufacturing, sales, and marketing of honeycomb and foam core materials. It is one of the major players that have established a strong foothold in the core materials market for composites. The company has a broad and diversified core materials product portfolio, which ensures its consistent growth in the global core materials market for composites. The company is focused on agreements and expansions as its key growth strategies to meet the growing demand of its customers. The company established a new manufacturing facility in Casablanca, Morocco to cater to the increasing demand of honeycomb materials. This approach by the company is aimed at providing secondary structures of aircraft, nacelles, and helicopter blades to the aerospace industry.

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