Global Core Materials Market 2018-2022
About Core Materials
Core materials are lightweight composite materials that increase the thickness and stiffness of composite structures. Balsa, foam, and honeycomb are some of the commonly used core materials. Factors such as the increasing number of new patents, new product and technology launches, and mergers and acquisitions (M&A) drive the market.
Technavio’s analysts forecast the Global Core Materials Market 2018-2022 to grow at a CAGR of 6.84% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the core materials market. To calculate the market size, the report considers the revenue generated from the sales of core materials types such as foam, honeycomb, and balsa.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Core Materials Market 2018-2022
Technavio recognizes the following companies as the key players in the core materials market: Carbon-Core, CoreLite, Diab, Gurit, Hexcel Corporation, and SCHWEITER TECHNOLOGIES
Commenting on the report, an analyst from Technavio’s team said: “Green bonds driving market growth will be a key trend for the market growth. Green bonds can be liquified quickly, and they offer an opportunity for clean energy and wind investments. Moreover, they enable companies to be a part of the liquid green bonds asset class and offer admission into a broader investor base to reduce their capital investments.”
According to the report, the growth and development of shipping industry will influence the growth of the market. In the marine industry, foam and balsa core materials are used for the construction of luxury yachts, leisure boats, sailboats, and powerboats. Foam core materials increase the durability and mechanical strength. They can withstand high processing temperatures and exhibit low water absorption.
Further, the report states that high cost of development and quality maintenance of aramid honeycomb core materials will challenge the market growth. The emergence of cost-effective substitutes for core materials has led the manufacturers to increase their investments in R&D activities to differentiate their products from their competitors. The high cost involved in the production and quality maintenance poses a threat to the manufacturers in the market.
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