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.

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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: 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.

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