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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 2.64 Billion by 2029 | 6.45% | North America |
| By Product | By Outer Skin Type | By End-User Industry |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Structural Core Materials Market Overview
The structural core materials market is expected to grow at 6.45% CAGR from 2022 to 2029. It is expected to reach above USD 2.64 Billion by 2029 from USD 1.30 Billion in 2020.
The term “core materials” relates to the main element of sandwich construction. The well-known sandwich construction core materials are balsa, foam, and honeycomb. The shear forces produced by out-of-plane stresses are absorbed by this core material, distributed between the skins, and spread out across a wider region while keeping the skins at a fixed spacing. The core’s job is to sustain the skins and prevent them from wrinkling inward or outward in order to maintain their relative position to one another. A number of materials, including wood, metal, and other foams, can be used to create the core components. Only foam core and balsa core are included in this study; all other types of honeycomb core materials are totally disregarded. The wind energy industry’s increasing need for these materials is a significant market trend. Furthermore, the aircraft and automobile industries have grown quickly, increasing the need for structural core materials. This is due to the rise in consumer disposable incomes in nations like the U.S., India, and China.
Several industries are affected differently by the epidemic. In contrast to the aerospace & military, maritime, and ground transportation businesses, which all experienced significant declines in 2020, wind energy and ground transportation were essentially unaffected by the pandemic. Nevertheless, the aerospace industry’s fall has been countered by the rapid expansion of wind turbine installations, resulting in a core materials market that will grow impressively in 2020. While the industry was on its way to recovering from the pandemic in 2021, the continuous strain on supply chains, skyrocketing raw material prices, and disruptions to business caused by measures to combat the pandemic had upset the market. The aerospace & defence industry was also troubled in 2021 due to a sharp decline in wind turbine installations during the second half of the year and a temporary halt in B787 aircraft programme deliveries. However, after experiencing a massive decrease in 2020, other important sectors, such those for maritime and ground transportation, quickly recovered
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD BILLION), (KILOTONS) |
| Segmentation | By Product, By Outer skin type, By End-user industry, By Region |
| By Product |
|
| By Outer skin type |
|
| By End-user industry |
|
| By Region |
|
Growing urbanisation, modernization, and expansion of the building and construction industries have all contributed to an increase in demand for structural core materials. One of the key elements driving the growth of the structural core materials market is the global uptick in demand for sustainable energy. Because of its advantageous characteristics, including as thermal stability, light weight, and high stiffness, honeycomb core materials are widely used in the automotive and aerospace industries. This will lead to future increase in the market value for structural core materials. The development and growth of the various end-user verticals would unquestionably increase the need for structural core materials.
Stiffness, light weight, heat transmission or insulation, strength, and vibration or noise dampening are all characteristics of the ideal structural core materials. According to the relevant nature, the kind of structural core materials is chosen. After then, it is included in the structural composite. Automobile airbags, protective gear including bulletproof vests, electronic circuit boards, communication antennae, rocket parts, aircraft, and missiles are all made with structural core materials. Many industries are now accepting structural core materials over solid laminates as they become more widely known. In the upcoming years, it is anticipated that the market for structural core materials will expand due to the rising use of composite materials in the aerospace industry and the rising acceptance of PET foams among a variety of end-users.
However, the high investment and operation expenses related to the structural core materials along with shifts in the price of raw materials would be a significant obstacle to the market’s expansion. Also impeding the market’s expansion will be the government’s strict controls on carbon emissions. Apart from this delay and uncertainty in the renewal of production tax credit (PTC) also hinders market growth.
Growing financial support for research and development in the aerospace and wind energy sectors is anticipated to open up profitable business prospects for suppliers of structural core materials and to fuel future market expansion. The development of new honeycomb manufacturing techniques is the result of technological advancements. These techniques include of vacuum bag processing and heated press procedure. Market participants base their product decisions on cost advantages. Businesses with the financial resources to spend in R&D, like SABIC, Evonik Industries, Gurit Holdings, Inc., and Hexcel Corporation, have the chance to raise the caliber of their output.
City-wide lockdowns and transport system failures are having an indiscriminate effect on people all over the world and are having an influence on the global economy due to the COVID-19 outbreak and the rising number of infected. In the days and weeks to come, manufacturing activities and supply chains for chemicals and materials are anticipated to be seriously impacted. Transportation has ceased as a result of the city and country lockdowns. Thousands of chemical companies have either temporarily shut down or are about to do so. Companies that rely heavily on factories in China for raw materials, components, or completed items are those that will be most negatively affected. In the recent years, a number of businesses have put supply chain techniques including lean manufacturing, outsourcing, and offshore production into place to lower the cost of manufacturing. However the emergence of COVID-19 has severely disrupted the world’s supply systems.
Structural Core Materials Market Segment Analysis
The structural core materials market is segmented based on product, outer skin type, end-user industry and region.
By product, the market is bifurcated into (Foam, Honeycomb, and Balsa). By outer skin type into (GFRP, CFRP, NFRP). By end-user industry into (Aerospace, Wind energy, Marine, Transportation, Construction) and region.
The main raw materials utilised to produce structural core materials include resins, balsa wood, aluminum honeycomb, nomex honeycomb, and resins. Pricing of these raw materials are anticipated to have a big impact on the price of production. Panels for particular business needs are being supplied by manufacturers of these items under contracts with aircraft manufacturers. The honeycomb category generated 67.2% of the industry’s total revenue in 2021. Because of characteristics like high stiffness and specific strength, honeycombs are mostly employed in lightweight construction, particularly in the aircraft industry. The majority of adhesives work well with honeycomb constructions. These goods have great dielectric qualities, strong thermal stability, and are corrosion- and fire-resistant in addition to being thermally insulating.
Applications for structural core materials include the aerospace, automotive, wind energy, marine, construction, medical equipment, and packaging industries. These goods are sandwiched together utilising an outer skin consisting of fibers including glass, nylon, carbon, and other sorts. In 2021, the market’s highest share belonged to carbon fiber reinforced polymer (CFRP). The advantages of carbon fibers, including their high rigidity, low thermal expansion, and high tensile strength, make them a popular option. In terms of compressive and tensile strength, carbon fiber performs better than glass and other fibers. Therefore, even when a constant force is applied, carbon fiber’s structural integrity holds true and is consistent. The skin type category with the fastest predicted growth is glass fiber reinforced polymer (GFRP). Fiberglass is a durable, light-weight, and strong material, however it has fewer qualities than glass fiber. Glass fibers are used more frequently in the production of composite materials because they are less expensive and more durable than carbon fiber.
The industry’s largest end-use sector in 2021 was aerospace. Throughout the years, air travel has steadily increased between key commercial centers, and this trend is anticipated to continue over the projected period. It is anticipated that the expanding aerospace sector will fuel the market for structural core materials by driving demand for composites. The fastest-growing sector is anticipated to be wind energy. To make the operation easier, lightweight materials must be employed in blade construction. They are therefore being utilised in windmills for the production of wind energy more frequently these days. They are employed in both onshore and onshore windmills, and this pattern is anticipated to persist over the predicted period. With the aid of an optimised infusion process, the use of lightweight cores enables blade makers to achieve higher quality levels and shorter cycle times.
Structural Core Materials Market Player
The structural core materials market key players includes DIAB Group AB, Evonik Industries AG, Gurit Holding AG, Schweiter Technologies AG, Hexcel Corporation, Armacell International Holding GmbH, Changzhou Tiansheng New Materials Co. Ltd., The Gill Corporation, Euro-Composites S.A., Plascore, Inc.
Industry Developments
24 January 2023: Evonik has launched a new category of nutraceuticals called IN VIVO BIOTICS™. These next-generation synbiotics combine probiotics – healthy gut bacteria – with other health ingredients. IN VIVO BIOTICS™ are based on scientific understanding of human health with deep knowledge of the market for food ingredients and dietary supplements. Customers working on innovative nutraceuticals and health solutions benefit from Evonik’s superior expertise in biotechnology and formulation, as well as reliable delivery, excellent quality standards and scalable production.
28 November 2022: Evonik’s Coating Additives business line has added a new deaerator to its portfolio. Specially designed for radiation cured wood coatings the new deaerator, TEGO® Airex 923, is a highly compatible 100% active organic polymer that shows improved efficiency.
Who Should Buy? Or Key stakeholders
- Technology providers
- Automotive Industries
- Electronics and Electricals Industries
- Polymer Industries
- Chemical Companies
- Fiber industries
- Aerospace Industries
- Wind energy
- Marine Industries
- Construction Companies
- Transport authorities
- Research manufacturing process
- Investors
- Regulatory Authorities
- Others
Structural Core Materials Market Regional Analysis
The structural core materials market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
In terms of revenue, North America dominated the global market in 2019; for the forecast period, this trend is anticipated to hold. Through 2029, the rise of the wind energy, construction, and automotive industries, particularly in the developed parts of the United States and Canada, is anticipated to drive the market’s expansion in this area. Asia Pacific is anticipated to have the industry’s quickest growth rate, with a CAGR of 7.6% in terms of revenue from 2020 to 2029. Over the projected period, it is anticipated that the expansion of the commercial and residential construction industries will fuel demand for structural core materials. Another factor that is projected to have a large impact on regional growth is the region’s fast-growing wind, automotive, and aerospace sectors, particularly in China and India.
Due to of the substantial demand from end-user industries including aerospace, automotive, and defence equipment, Europe is also expected to contribute to the expansion of the structural core materials market. In the electronics and automotive sectors, the Middle East and Africa are heavily represented, which is expected to benefit the structural core materials market.
Key Market Segments: Structural Core Materials Market
Structural Core Materials Market By Product, 2020-2029, (USD Billion), (Kilotons).
- Foam
- Honeycomb
- Balsa
Structural Core Materials Market By Outer Skin Type, 2020-2029, (USD Billion), (Kilotons).
- Gfrp
- Cfrp
- Nfrp
Structural Core Materials Market By End-User Industry, 2020-2029, (USD Billion), (Kilotons).
- Aerospace
- Wind Energy
- Marine
- Transportation
- Construction
Structural Core Materials Market By Region, 2020-2029, (USD Billion), (Kilotons).
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new outer skin type
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the structural core materials market over the next 7 years?
- Who are the major players in the structural core materials market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the structural core materials market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the structural core materials market?
- What is the current and forecasted size and growth rate of the global structural core materials market?
- What are the key drivers of growth in the structural core materials market?
- What are the distribution channels and supply chain dynamics in the structural core materials market?
- What are the technological advancements and innovations in the structural core materials market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the structural core materials market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the structural core materials market?
- What are the products offerings and specifications of leading players in the market?
- What is the pricing trend of structural core materials in the market and what is the impact of raw material prices on the price trend?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL STRUCTURAL CORE MATERIALS OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON STRUCTURAL CORE MATERIALS MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL STRUCTURAL CORE MATERIALS OUTLOOK
- GLOBAL STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) (KILOTONS) 2020-2029
- FOAM
- HONEYCOMB
- BALSA
- GLOBAL STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) (KILOTONS) 2020-2029
- GFRP
- CFRP
- NFRP
- GLOBAL STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRY (USD BILLION) (KILOTONS) 2020-2029
- AEROSPACE
- WIND ENERGY
- MARINE
- TRANSPORTATION
- CONSTRUCTION
- GLOBAL STRUCTURAL CORE MATERIALS MARKET BY REGION (USD BILLION) (KILOTONS) 2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- DIAB GROUP AB
- EVONIK INDUSTRIES AG
- GURIT HOLDING AG
- SCHWEITER TECHNOLOGIES AG
- HEXCEL CORPORATION
- ARMACELL INTERNATIONAL HOLDING GMBH
- CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD.
- THE GILL CORPORATION
- EURO-COMPOSITES S.A.
- PLASCORE, INC.
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 2 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 3 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 4 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 5 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 6 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 7 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY REGION (USD BILLION) 2020-2029
TABLE 8 GLOBAL STRUCTURAL CORE MATERIALS MARKET BY REGION (KILOTONS) 2020-2029
TABLE 9 NORTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 10 NORTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 11 US STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 12 US STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 13 US STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 14 US STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 15 US STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 16 US STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 17 CANADA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 18 CANADA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 19 CANADA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 20 CANADA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 21 CANADA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 22 CANADA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 23 MEXICO STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 24 MEXICO STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 25 MEXICO STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 26 MEXICO STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 27 MEXICO STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 28 MEXICO STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 29 SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 30 SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 31 BRAZIL STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 32 BRAZIL STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 33 BRAZIL STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 34 BRAZIL STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 35 BRAZIL STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 36 BRAZIL STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 37 ARGENTINA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 38 ARGENTINA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 39 ARGENTINA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 40 ARGENTINA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 41 ARGENTINA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 42 ARGENTINA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 43 COLOMBIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 44 COLOMBIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 45 COLOMBIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 46 COLOMBIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 47 COLOMBIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 48 COLOMBIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 49 REST OF SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 50 REST OF SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 51 REST OF SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 52 REST OF SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 53 REST OF SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 54 REST OF SOUTH AMERICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 55 ASIA-PACIFIC STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 56 ASIA-PACIFIC STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 57 INDIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 58 INDIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 59 INDIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 60 INDIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 61 INDIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 62 INDIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 63 CHINA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 64 CHINA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 65 CHINA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 66 CHINA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 67 CHINA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 68 CHINA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 69 JAPAN STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 70 JAPAN STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 71 JAPAN STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 72 JAPAN STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 73 JAPAN STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 74 JAPAN STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 75 SOUTH KOREA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 76 SOUTH KOREA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 77 SOUTH KOREA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 78 SOUTH KOREA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 79 SOUTH KOREA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 80 SOUTH KOREA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 81 AUSTRALIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 82 AUSTRALIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 83 AUSTRALIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 84 AUSTRALIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 85 AUSTRALIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 86 AUSTRALIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 87 SOUTH-EAST ASIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 88 SOUTH-EAST ASIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 89 SOUTH-EAST ASIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 90 SOUTH-EAST ASIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 91 SOUTH-EAST ASIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 92 SOUTH-EAST ASIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 93 REST OF ASIA PACIFIC STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 94 REST OF ASIA PACIFIC STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 95 REST OF ASIA PACIFIC STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 96 REST OF ASIA PACIFIC STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 97 REST OF ASIA PACIFIC STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 98 REST OF ASIA PACIFIC STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 99 EUROPE STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 100 EUROPE STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 101 GERMANY STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 102 GERMANY STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 103 GERMANY STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 104 GERMANY STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 105 GERMANY STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 106 GERMANY STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 107 UK STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 108 UK STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 109 UK STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 110 UK STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 111 UK STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 112 UK STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 113 FRANCE STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 114 FRANCE STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 115 FRANCE STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 116 FRANCE STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 117 FRANCE STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 118 FRANCE STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 119 ITALY STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 120 ITALY STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 121 ITALY STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 122 ITALY STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 123 ITALY STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 124 ITALY STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 125 SPAIN STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 126 SPAIN STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 127 SPAIN STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 128 SPAIN STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 129 SPAIN STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 130 SPAIN STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 131 RUSSIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 132 RUSSIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 133 RUSSIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 134 RUSSIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 135 RUSSIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 136 RUSSIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 137 REST OF EUROPE STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 138 REST OF EUROPE STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 139 REST OF EUROPE STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 140 REST OF EUROPE STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 141 REST OF EUROPE STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 142 REST OF EUROPE STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 143 MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 144 MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY COUNTRY (KILOTONS) 2020-2029
TABLE 145 UAE STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 146 UAE STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 147 UAE STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 148 UAE STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 149 UAE STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 150 UAE STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 151 SAUDI ARABIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 152 SAUDI ARABIA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 153 SAUDI ARABIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 154 SAUDI ARABIA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 155 SAUDI ARABIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 156 SAUDI ARABIA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 157 SOUTH AFRICA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 158 SOUTH AFRICA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-2029
TABLE 159 SOUTH AFRICA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 160 SOUTH AFRICA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 161 SOUTH AFRICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 162 SOUTH AFRICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 163 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (USD BILLION) 2020-2029
TABLE 164 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY PRODUCT (KILOTONS) 2020-Â Â 2029
TABLE 165 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (USD BILLION) 2020-2029
TABLE 166 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY OUTER SKIN TYPE (KILOTONS) 2020-2029
TABLE 167 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (USD BILLION) 2020-2029
TABLE 168 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
TABLE 169 REST OF MIDDLE EAST AND AFRICA STRUCTURAL CORE MATERIALS MARKET BY END-USER INDUSTRYR (KILOTONS) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL STRUCTURAL CORE MATERIALS BY PRODUCT, USD BILLION, 2020-2029
FIGURE 9 GLOBAL STRUCTURAL CORE MATERIALS BY END-USER INDUSTRY, USD BILLION, 2020-2029
FIGURE 10 GLOBAL STRUCTURAL CORE MATERIALS BY OUTER SKIN TYPE, USD BILLION, 2020-2029
FIGURE 11 GLOBAL STRUCTURAL CORE MATERIALS BY REGION, USD BILLION, 2020-2029
FIGURE 12 GLOBAL STRUCTURAL CORE MATERIALS BY PRODUCT, USD BILLION, 2021
FIGURE 13 GLOBAL STRUCTURAL CORE MATERIALSBY END-USER INDUSTRY, USD BILLION, 2021
FIGURE 14 GLOBAL STRUCTURAL CORE MATERIALSBY OUTER SKIN TYPE, USD BILLION, 2021
FIGURE 15 GLOBAL STRUCTURAL CORE MATERIALSBY REGION, USD BILLION, 2021
FIGURE 16 PORTER’S FIVE FORCES MODEL
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 DIAB GROUP AB: COMPANY SNAPSHOT
FIGURE 19 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
FIGURE 20 GURIT HOLDING AG: COMPANY SNAPSHOT
FIGURE 21 SCHWEITER TECHNOLOGIES AG: COMPANY SNAPSHOT
FIGURE 22 HEXCEL CORPORATION: COMPANY SNAPSHOT
FIGURE 23 ARMACELL INTERNATIONAL HOLDING GMBH: COMPANY SNAPSHOT
FIGURE 24 CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD.: COMPANY SNAPSHOT
FIGURE 25 THE GILL CORPORATION: COMPANY SNAPSHOT
FIGURE 26 EURO-COMPOSITES S.A.: COMPANY SNAPSHOT
FIGURE 27 PLASCORE, INC.: COMPANY SNAPSHOT
FAQ
The structural core materials market is expected to grow at 6.45% CAGR from 2022 to 2029. It is expected to reach above USD 2.64 Billion by 2029 from USD 1.30 Billion in 2020.
North America held more than 33% of the Structural core materials market revenue share in 2021 and will witness expansion in the forecast period.
Growing urbanisation, modernization, and expansion of the building and construction industries have all contributed to an increase in demand for structural core materials. One of the key elements driving the growth of the structural core materials market is the global uptick in demand for sustainable energy. Because of its advantageous characteristics, including as thermal stability, light weight, and high stiffness, honeycomb core materials are widely used in the automotive and aerospace industries. This will lead to future increase in the market value for structural core materials. The development and growth of the various end-user verticals would unquestionably increase the need for structural core materials.
The term “core materials” relates to the main element of sandwich construction. The well-known sandwich construction core materials are balsa, foam, and honeycomb. The shear forces produced by out-of-plane stresses are absorbed by this core material, distributed between the skins, and spread out across a wider region while keeping the skins at a fixed spacing. The core’s job is to sustain the skins and prevent them from wrinkling inward or outward in order to maintain their relative position to one another. A number of materials, including wood, metal, and other foams, can be used to create the core components. Only foam core and balsa core are included in this study; all other types of honeycomb core materials are totally disregarded. The wind energy industry’s increasing need for these materials is a significant market trend. Furthermore, the aircraft and automobile industries have grown quickly, increasing the need for structural core materials. This is due to the rise in consumer disposable incomes in nations like the U.S., India, and China.
North America held more than 33% of the Structural core materials market revenue share in 2021 and will witness expansion in the forecast period. In terms of revenue, North America dominated the global market in 2019; for the forecast period, this trend is anticipated to hold. Through 2029, the rise of the wind energy, construction, and automotive industries, particularly in the developed parts of the United States and Canada, is anticipated to drive the market’s expansion in this area.
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