The analysts forecast global foam core materials market to grow at a CAGR of 6.35% during the period 2018-2022. The latest trend gaining momentum in the market is green bonds fueling demand for the market.
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Green bonds are tax-exempted bonds reserved for green investments.
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Several banks have issued green bonds to gain access to a specific set of global investors who invest in green ventures. For instance, the Korean Development Bank had issued a green corporate bond for the renewable energy projects worth $300 million in July 2017.
Also, the National Bank of Australia had issued green bonds in the connection to a range of seventeen wind and solar farms.
Major key players in the global foam core materials market: Carbon-Core, CoreLite, Diab, Evonik, Gurit, and SCHWEITER TECHNOLOGIES
These green bonds are expected to foster the growth of the global wind energy market. The issuing of such bonds is driving the installation of wind turbines.
As green bonds can be liquified quickly, they offer a protective umbrella for clean energy and wind energy investors. In addition, these bonds enable companies to be a part of the liquid green bonds asset class, and thereby, offering admission into a broader investor base by providing a reduced cost of capital.”
According to the foam core materials market report, one of the major drivers for this market is Growth in the shipping industry. Maritime transport is vital to the world’s economy as more than 90% of the trade is carried out via the sea route.
In 2015, the World Trade Organization (WTO) estimated that the seaborne freight accounted for more than 30% of the world transport. In 2015, in terms of volume, the estimated world seaborne trade was 10 billion tons.
With the growing globalization, the maritime transport facilitates industrial development by supporting growth in the manufacturing industries, promoting trade integration, and aiding economic growth. In 2015, in terms of volume, dry cargo shipments accounted for a share of more than 70% of the total seaborne trade, while the remaining share was contributed by tanker trade such as crude oil, petroleum products, and gas.
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Further, the foam core materials market report states that one of the major factors hindering the growth of this market is Economic downturns. The macroeconomic factors will indirectly hamper the demand for foam core materials in many enduser industries.
These factors include the aftereffects of the global economic recession (2008-2009), the uncertain nature of Brexit, and the new administration in the US. These factors have led to a significant decline in the investments by the manufacturing industries, due to new policies and uncertain ROI.
Some of the European countries are still recovering from the Eurozone crisis (2008-2009), which has resulted in the low investments in the manufacturing sector because of the financial constraints. Also, post-Brexit there are changes happening in the trade agreements between the UK and the EU countries.
Key questions answered in this report:
What will the market size be in 2022 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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Major Points from Table of Contents:
PART 1: Executive Summary
PART 2: Scope of The Report
PART 3: Research Methodology
PART 4: Market Landscape
Market Segmentation Analysis
PART 5: Market Sizing
Global Foam Core Materials Market- Market Sizing 2017
Market Size and Forecast 2017-2022
PART 6: Five Forces Analysis
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat of New Entrants
Threat of Substitutes
Threat of Rivalry
PART 7: Customer Landscape
PART 8: Market Segmentation by End-User
Segmentation by End-User
Comparison by End-User
Global Foam Core Materials Market by Wind Energy
Global Foam Core Materials Market For Construction
Global Foam Core Materials Market by Marine
Global Foam Core Materials Market by Others
Market Opportunity by End-User
PART 9: Regional Landscape
Apac Market Size and Forecast 2017-2022
North America Market Size and Forecast 2017-2022
Europe Market Size and Forecast 2017-2022
Row Market Size and Forecast 2017-2022
Key Leading Countries
PART 10: Decision Framework