Structural Core Material Market with Size, Share and Growth estimated to reach up to USD 2.32 Billion by 2022


Posted February 19, 2019 by armaan007

Structural Core Material Market expected to stand at USD 2.32 Billion by 2022, at a CAGR of 8.8%, between 2017–2022

 
The [150 Pages Report] "Structural Core Materials Market by Type (Foam, Honeycomb, and Balsa), Outer Skin Type (GFRP, CFRP, and NFRP), End-use Industry (Aerospace, Wind Energy, Marine, Transportation, and Construction), and Region - Global Forecasts to 2022", published by MarketsandMarkets in which, The structural core materials market is anticipated to grow from USD 1.52 Billion in 2017 to USD 2.32 Billion by 2022, at a CAGR of 8.8% during the forecast period.

Request for free PDF sample report: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114449864

Drivers & Opportunities in global industry:

Growing Demand From Wind Energy Industry
Growing Use of Composites in the Aerospace Industry
Emergence of PET Foam
Based on type, the foam segment is estimated to lead the structural core materials market

Foam is the most common structural core material used in various applications due to its easy availability and low cost. Foam structural co+re materials are used in the sandwich construction of wind turbine blades, and they impart strength and stiffness while keeping the structure lightweight. PVC, PET, and SAN foams are the most popular structural core materials used in wind energy turbines. These foams are used in various applications, such as wind energy blades and nacelles, depending on their resin compatibility, temperature, manufacturing aspects, and costs. The demand for lightweight and fuel-efficient vehicles in the transportation industry is also driving the demand for foam. Moreover, they are used in various end-use industries, including marine.

Based on outer skin type, the GFRP segment is estimated to lead the structural core materials market

GFRP is a composite outer skin which is used in composite applications, especially in the wind energy, transportation, construction, and marine end-use industries. GFRP is mainly used in combination with balsa and PVC foam. GFRP panels provide a strong scratch resistant surface, chemical resistance, durability, and is lightweight. It is preferred over other building materials as it saves maintenance cost and is cheaper than other outer skins. Some of the major applications of GFRP includes wind blades, walls, and ceilings.

APAC is the key structural core materials market

In terms of volume, the APAC structural core materials market is projected to register the highest CAGR between 2017 and 2022, due to the increased demand for these materials from the wind energy and aerospace industries. In addition, easy availability of raw materials, low labor cost, growing manufacturing industries, new product developments, capacity expansions, and new plant establishments by various leading players are driving the structural core materials market in the region.

Some of the manufacturers of structural core materials include Diab Group (Sweden), Hexcel Corporation (US), Schweiter Technologies (Switzerland), Evonik Industries (Germany), Gurit Holding (Switzerland), Armacell International (Luxembourg), The Gill Corporation (US), and Changzhou Tiansheng New Materials Co. Ltd. (China)

Early buyers will receive 10% customization on this report.

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Issued By Markets And Markets
Country India
Categories Aerospace , Construction , Transportation
Tags structural core material , structural core material companies , structural core material industry , structural core material manufacturers , structural core material market
Last Updated February 19, 2019