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
Core materials are a substance which is being used between two thin but stiff composite. Foam is the most common core materials employed in various application, followed by honeycomb and balsa. Further on the basis of their application, core materials are used in wind, marine, aerospace, construction, automotive and others (sporting goods, industry application, etc.)
Honeycomb is widely used core materials in aerospace industry. These core materials help to reduce the weight of the components making it stronger and suitable for long life. With the increasing demand in aerospace industry, the core material market in estimated to grow. Recovering marine market after global recession of 2009 would play a major role in expanding the global core materials market. The consumption trend of core materials varies from region to region depending upon its various types. For instance, the consumption trend in North America represents a mix of mainly two types, Form and Honeycomb. The North American market is the biggest consumer of core materials especially foam, which is mainly due to rising demand for aerospace, wind and marine industry in this region. Additionally, the consumption of honeycomb is also prominent in the region. The U.S. is the biggest and the fastest growing market in North America region. The scenario in Europe is alike, as aerospace and wind application is dominant in Europe, which is mainly due to the rising demand for these industries in the region. Also on the basis of countries, China, India, and Germany, are the major consumers of core materials, with China being at the forefront after the U.S. in the global core materials market.
This study on core materials market estimates the demand and value for core materials and projects the same by 2020. As a part of quantitative analysis, the study segments the market by type & by application at a country and global level, with the current market estimation and forecast till 2020. The countries covered in the report are the U.S., Canada, China, India, Germany, France, U.K, and Brazil.
Further, as a part of qualitative analysis, the research provides a comprehensive review of major market drivers, restraints, opportunities, winning imperatives, and key issues in the market. It also includes the company profiling and competitive strategies adopted by major market players, including Diab Group AB (Sweden), 3 A Composites (Switzerland), Hexcel Corporation (U.S.), Euro-Composites (Luxembourg), Gurit Holding AG (Switzerland), and others.