Core Material Market worth $1500 Million By 2020

The report, “Core Materials Market for Composites by Type (Foam, Balsa, Honeycomb), By End-User Industries (Wind, Marine, Aerospace and Defense, Construction, Automotive, and Others) & Region - Trends & Forecast till 2020”, defines and segments the core material market with analysis and forecasting of the consumption volume and value.

Browse 84 market data tables and 61 figures spread through 144 pages and in-depth TOC on “Core Materials Market for Composites by Type (Foam, Balsa, Honeycomb), By End-User Industries (Wind, Marine, Aerospace and Defense, Construction, Automotive, and Others) & Region - Trends & Forecast till 2020”

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The North America – Biggest market of core material but China market is growing

The North American market for core materials is estimated to grow at a notable pace, which is primarily due to the growing aerospace manufacturing industry as well as recovery of wind industry 2014. Renewal of PTC has helped the North American wind industry to grow in 2014. Marine industry on the other hand has recovered from the global recession it faced in 2009 and is expected to grow which would help the core material market to grow. Growing wind industry is also expected to drive core materials market in China

“Foam–the biggest segment in terms of consumption, and Honeycomb–the second biggest type”

Core materials are majorly consumed by aerospace, wind, marine and automotive industry, which was at the forefront in terms of volumetric consumption in 2014, mainly due to the growth in demand of these industries across the globe. In foam, PVC is most dominant core materials but PET foam is growing fast. Balsa foam market is expected to perform well after recovery of marine and wind market. Honeycomb will remain major material of choice for aerospace parts although it will find some competition from foam materials line PMI, PES and PEI. Major key players in the market are focusing on the research and development, in order to increase the performance of core materials

Core material market is expected to grow at a CAGR of 8.5% to reach $1500 Million by 2020. Major key players in the global core materials market are Diab Group AB (Sweden), 3 A Composites (Switzerland), Hexcel Corporation (U.S.), Euro-Composites (Luxembourg), Gurit Holding AG (Switzerland), and Armacell international S.A (Luxembourg).

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