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Core Materials Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2024
Length 200 Pages
SKU # FOB18819859

Description

Core Materials Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Core Materials Market

The international core materials market size turned into valued at USD 2.06 billion in 2023 and is projected to develop from USD 2.18 billion in 2024 to USD 4.38 billion by 2032, showing a CAGR of 8.8% throughout the forecast duration from 2024 to 2032.

COVID-19, which emerged in 2019, extensively disrupted the center materials market length. Supply chain fluctuations led to halted or decreased production, whilst demand plummeted as cease-use industries operated at minimum capacity. Restrictions in countries like the U.S., India, and China further exacerbated those challenges, ensuing in massive losses for the enterprise.

The core materials market growth is driven by the booming aerospace industry. These materials, like polystyrene and honeycombs, are essential in making flight vehicles, UAVs, and airships due to their strength, flexibility, and low maintenance. Their lightweight nature improves fuel efficiency, while design flexibility makes maintenance easier, leading to increased use in aerospace components and boosting the market.

The core materials market is seeing a increase in demand for PET and PVC-based memory foams, especially in car seats and industrial applications, due to their excellent properties and the growing populations in countries like Germany and Japan.

Comprehensive Analysis of Core MaterialsMarket

Segmentation in the Core Materials market share is driving the market because it allows companies to target unique consumer groups with tailored services and answers. The core materials market is divided into types like foam, honeycomb, and balsa. When it comes to applications, these materials are used in various industries including marine, automotive, aerospace, energy, construction, and industrial. This segmentation helps meet the specific needs of each industry.

Asia Pacific leads the core materials market due to its high industrial activity and large populations in India and China. The region's significant demand for automotive components drives market growth, even with COVID-19 challenges.

Key players in the core materials market are stepping up by providing products to the automotive and aerospace industries. Their innovations and solid supply chains keep the market growing by meeting the high demands of these sectors.Key companies in the core materials market include Hexcel Corporation (U.S.), Diab Group (Sweden), Armacell International S.A. (Luxembourg), Evonik Industries AG (Germany), Plascore Incorporated (U.S.), Gurit Holding AG (Switzerland), Euro-Composites S.A. (Luxembourg), 3A Composites (Switzerland), The Gill Corporation (U.S.), and Changzhou Tiansheng New Materials Co., Ltd. (China).

In February 2021, Armacell International S.A. Rolled out some new bendy PET foams to reinforce their sales. They're aiming to amp up their market game and meet the growing demand for top-notch core materials worldwide.

Segementation Table

Global Core Materials Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 8.8% from 2024 to 2032

Unit Value (USD Billion)

Segmentation By Type

Foam

Honeycomb

Balsa

By Application

Marine

Automotive

Aerospace

Energy

Construction

Industrial

By Geography

North America (By Type, By Application, By Country)

- U.S. (By Application)

- Canada (By Application)

Europe (By Type, By Application, By Country)

- Germany (By Application)

- U.K. (By Application)

- France (By Application)

- Italy (By Application)

- Rest of Europe (By Application)

Asia Pacific (By Type, By Application, By Country)

- China (By Application)

- Japan (By Application)

- India (By Application)

- South Korea (By Application)

- Rest of Asia Pacific (By Application)

Latin America (By Type, By Application, By Country)

- Brazil (By Application)

- Mexico (By Application)

- Rest of Latin America (By Application)

Middle East & Africa (By Type, By Application, By Country)

- Saudi Arabia (By Application)

- South Africa (By Application)

- Rest of Middle East & Africa (By Application)


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Table of Contents

200 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Region
4.2. Key Developments: Capacity Expansions, Acquisitions, Partnerships, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on Global Core Materials Market
5. Global Core Materials Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. By Type (Value)
5.2.1. Foam
5.2.2. Honeycomb
5.2.3. Balsa
5.3. By Application (Value)
5.3.1. Marine
5.3.2. Automotive
5.3.3. Aerospace
5.3.4. Energy
5.3.5. Construction
5.3.6. Industrial
5.4. By Region (Value)
5.4.1. North America
5.4.2. Europe
5.4.3. Asia Pacific
5.4.4. Latin America
5.4.5. Middle East and Africa
6. North America Core Materials Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. By Type (Value)
6.2.1. Foam
6.2.2. Honeycomb
6.2.3. Balsa
6.3. By Application (Value)
6.3.1. Marine
6.3.2. Automotive
6.3.3. Aerospace
6.3.4. Energy
6.3.5. Construction
6.3.6. Industrial
6.4. By Country (Value)
6.4.1. U.S
6.4.1.1. By Application (Value)
6.4.1.1.1. Marine
6.4.1.1.2. Automotive
6.4.1.1.3. Aerospace
6.4.1.1.4. Energy
6.4.1.1.5. Construction
6.4.1.1.6. Industrial
6.4.2. Canada
6.4.2.1. By Application (Value)
6.4.2.1.1. Marine
6.4.2.1.2. Automotive
6.4.2.1.3. Aerospace
6.4.2.1.4. Energy
6.4.2.1.5. Construction
6.4.2.1.6. Industrial
7. Europe Core Materials Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. By Type (Value)
7.2.1. Foam
7.2.2. Honeycomb
7.2.3. Balsa
7.3. By Application (Value)
7.3.1. Marine
7.3.2. Automotive
7.3.3. Aerospace
7.3.4. Energy
7.3.5. Construction
7.3.6. Industrial
7.4. By Country (Value)
7.4.1. Germany
7.4.1.1. By Application (Value)
7.4.1.1.1. Marine
7.4.1.1.2. Automotive
7.4.1.1.3. Aerospace
7.4.1.1.4. Energy
7.4.1.1.5. Construction
7.4.1.1.6. Industrial
7.4.2. U.K.
7.4.2.1. By Application (Value)
7.4.2.1.1. Marine
7.4.2.1.2. Automotive
7.4.2.1.3. Aerospace
7.4.2.1.4. Energy
7.4.2.1.5. Construction
7.4.2.1.6. Industrial
7.4.3. France
7.4.3.1. By Application (Value)
7.4.3.1.1. Marine
7.4.3.1.2. Automotive
7.4.3.1.3. Aerospace
7.4.3.1.4. Energy
7.4.3.1.5. Construction
7.4.3.1.6. Industrial
7.4.4. Italy
7.4.4.1. By Application (Value)
7.4.4.1.1. Marine
7.4.4.1.2. Automotive
7.4.4.1.3. Aerospace
7.4.4.1.4. Energy
7.4.4.1.5. Construction
7.4.4.1.6. Industrial
7.4.4.1.7. Rest of Europe
7.4.5. Rest of Europe
7.4.5.1. By Application (Value)
7.4.5.1.1. Marine
7.4.5.1.2. Automotive
7.4.5.1.3. Aerospace
7.4.5.1.4. Energy
7.4.5.1.5. Construction
7.4.5.1.6. Industrial
8. Asia-Pacific Core Materials Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. By Type (Value)
8.2.1. Foam
8.2.2. Honeycomb
8.2.3. Balsa
8.3. By Application (Value)
8.3.1. Marine
8.3.2. Automotive
8.3.3. Aerospace
8.3.4. Energy
8.3.5. Construction
8.3.6. Industrial
8.4. By Country (Value)
8.4.1. China
8.4.1.1. By Application (Value)
8.4.1.1.1. Marine
8.4.1.1.2. Automotive
8.4.1.1.3. Aerospace
8.4.1.1.4. Energy
8.4.1.1.5. Construction
8.4.1.1.6. Industrial
8.4.2. Japan
8.4.2.1. By Application (Value)
8.4.2.1.1. Marine
8.4.2.1.2. Automotive
8.4.2.1.3. Aerospace
8.4.2.1.4. Energy
8.4.2.1.5. Construction
8.4.2.1.6. Industrial
8.4.3. India
8.4.3.1. By Application (Value)
8.4.3.1.1. Marine
8.4.3.1.2. Automotive
8.4.3.1.3. Aerospace
8.4.3.1.4. Energy
8.4.3.1.5. Construction
8.4.3.1.6. Industrial
8.4.4. South Korea
8.4.4.1. By Application (Value)
8.4.4.1.1. Marine
8.4.4.1.2. Automotive
8.4.4.1.3. Aerospace
8.4.4.1.4. Energy
8.4.4.1.5. Construction
8.4.4.1.6. Industrial
8.4.5. Rest of Asia Pacific
8.4.5.1. By Application (Value)
8.4.5.1.1. Marine
8.4.5.1.2. Automotive
8.4.5.1.3. Aerospace
8.4.5.1.4. Energy
8.4.5.1.5. Construction
8.4.5.1.6. Industrial
9. Latin America Core Materials Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. By Type (Value)
9.2.1. Foam
9.2.2. Honeycomb
9.2.3. Balsa
9.3. By Application (Value)
9.3.1. Marine
9.3.2. Automotive
9.3.3. Aerospace
9.3.4. Energy
9.3.5. Construction
9.3.6. Industrial
9.4. By Country (Value)
9.4.1. Brazil
9.4.1.1. By Application (Value)
9.4.1.1.1. Marine
9.4.1.1.2. Automotive
9.4.1.1.3. Aerospace
9.4.1.1.4. Energy
9.4.1.1.5. Construction
9.4.1.1.6. Industrial
9.4.2. Mexico
9.4.2.1. By Application (Value)
9.4.2.1.1. Marine
9.4.2.1.2. Automotive
9.4.2.1.3. Aerospace
9.4.2.1.4. Energy
9.4.2.1.5. Construction
9.4.2.1.6. Industrial
9.4.3. Rest of Latin America
9.4.3.1. By Application (Value)
9.4.3.1.1. Marine
9.4.3.1.2. Automotive
9.4.3.1.3. Aerospace
9.4.3.1.4. Energy
9.4.3.1.5. Construction
9.4.3.1.6. Industrial
10. Middle East & Africa Core Materials Market Analysis, Insights and Forecast, 2019-2032
10.1. 11.1. Key Findings / Summary
10.2. 11.2. By Type (Value)
10.2.1. 11.2.1. Foam
10.2.2. 11.2.2. Honeycomb
10.2.3. 11.2.2. Balsa
10.3. By Application (Value)
10.3.1. Marine
10.3.2. Automotive
10.3.3. Aerospace
10.3.4. Energy
10.3.5. Construction
10.3.6. Industrial
10.4. By Country (Value)
10.4.1. Saudi Arabia
10.4.1.1. By Application (Value)
10.4.1.1.1. Marine
10.4.1.1.2. Automotive
10.4.1.1.3. Aerospace
10.4.1.1.4. Energy
10.4.1.1.5. Construction
10.4.1.1.6. Industrial
10.4.2. South Africa
10.4.2.1. By Application (Value)
10.4.2.1.1. Marine
10.4.2.1.2. Automotive
10.4.2.1.3. Aerospace
10.4.2.1.4. Energy
10.4.2.1.5. Construction
10.4.2.1.6. Industrial
10.4.3. Rest of Middle East and Africa
10.4.3.1. By Application (Value)
10.4.3.1.1. Marine
10.4.3.1.2. Automotive
10.4.3.1.3. Aerospace
10.4.3.1.4. Energy
10.4.3.1.5. Construction
10.4.3.1.6. Industrial
11. Company Profiles
11.1. Evonik Industries AG
11.1.1. Overview
11.1.2. Description
11.1.3. Product Portfolio
11.1.4. Financials (Data as available in public domain and/or on paid databases)
11.1.5. Recent Developments
11.2. Armacell International S.A
11.2.1. Overview
11.2.2. Description
11.2.3. Product Portfolio
11.2.4. Financials (Data as available in public domain and/or on paid databases)
11.2.5. Recent Developments
11.3. Plascore Incorporated
11.3.1. Overview
11.3.2. Description
11.3.3. Product Portfolio
11.3.4. Financials (Data as available in public domain and/or on paid databases)
11.3.5. Recent Developments
11.4. Euro-Composites S.A
11.4.1. Overview
11.4.2. Description
11.4.3. Product Portfolio
11.4.4. Financials (Data as available in public domain and/or on paid databases)
11.4.5. Recent Developments
11.5. Diab Group
11.5.1. Overview
11.5.2. Description
11.5.3. Product Portfolio
11.5.4. Financials (Data as available in public domain and/or on paid databases)
11.5.5. Recent Developments
11.6. 3A Composites
11.6.1. Overview
11.6.2. Description
11.6.3. Product Portfolio
11.6.4. Financials (Data as available in public domain and/or on paid databases)
11.6.5. Recent Developments
11.7. Gurit Holding AG
11.7.1. Overview
11.7.2. Description
11.7.3. Product Portfolio
11.7.4. Financials (Data as available in public domain and/or on paid databases)
11.7.5. Recent Developments
11.8. Hexcel Corporation
11.8.1. Overview
11.8.2. Description
11.8.3. Product Portfolio
11.8.4. Financials (Data as available in public domain and/or on paid databases)
11.8.5. Recent Developments
11.9. The Gill Corporation
11.9.1. Overview
11.9.2. Description
11.9.3. Product Portfolio
11.9.4. Financials (Data as available in public domain and/or on paid databases)
11.9.5. Recent Developments
11.10. Changzhou Tiansheng New Materials Co,. Ltd.
11.10.1. Overview
11.10.2. Description
11.10.3. Product Portfolio
11.10.4. Financials (Data as available in public domain and/or on paid databases)
11.10.5. Recent Developments
11.11. Other Players
12. Strategic Recommendations

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