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.
Don't miss out on business opportunities in Structural Core Materials Market.
Speak to Our Analyst and gain crucial industry insights that will help your business grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=114449864
About MarketsandMarkets
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]