Core materials for composites form the fundamental components of sandwich structures that are composed of two strong, stiff, and thin faces, separated by a relatively thick and lightweight core. The core material varies depending on the application.
Sandwich structures, when compared to other composite structures, are lightweight (especially metallic), have high toughness, and are low cost.
The core materials for composites market is mainly driven by the growing demand for wind energy and increasing use of composite materials in the aerospace industry.Other factors include emerging application in the automotive industry and enhancing performance-based aspects.
However, the factors such as high capital investment and lack of economical manufacturing process to produce large volumes of composites are likely to hinder the growth of the market.
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The core materials for composites market is segmented by type into foam cores (PVC foam, polystyrene foam, polyurethane foam, polymethyl meth acrylamide foam, SAN copolymer foam, and others) and honeycombs (aluminum honeycomb, nomex honeycomb, thermoplastic honeycomb, wood, balsa, and others). By end-user industry, the market is segmented into automotive, aerospace & defense, wind energy, marine, construction, consumer goods, and others (including electrical & electronics,.).
Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle-East & Africa. Asia-Pacific is the largest market for core materials for composites and is likely to be the fastest-growing; owing to the increasing application of composites in the automotive industry, for benefits such as reducing weight, increasing fuel economy, and other performance related aspects.
Opportunities and Market Players
The growing demand for manufacturing innovative products and developing new manufacturing processes, to produce a sandwich structure that can weigh less and perform better, is projected to provide immense opportunities in the developing economies like China, India, and other BRIC nations.
Some of the major companies dominating the market are:
Gurit Holding AG
Evonik Industries AG
Armacell International S.A.
Saertex GmbH & Co.KG
Key Deliverables in the Study
Market analysis for the global core materials for composites market, with region-specific assessments and competition analysis on global and regional scales
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global core materials for composites market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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