Global Structural Core Materials Market is expected to grow at a robust CAGR
Global Structural Core Materials Market
is expected to grow owing to demand from the wind energy industry throughout
the forecast period.
According to TechSci Research report, “Structural Core Materials Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”,
the Global Structural Core Materials Market is expected to register robust growth during the forecast
period owing to continuous expansion of international trade, there has been
significant recent growth, poised to have a positive impact on the global
market for structural core materials. The rising demand for lightweight
materials in automobiles, aircraft, and marine vessels due to their superior
fuel efficiency is expected to be a key driver of market growth. Additionally,
the increasing utilization of structural core materials is becoming
increasingly vital in transportation, wind energy, aerospace, construction,
marine, and other industries. Moreover, leading manufacturers in the market are
entering into supply agreements with various end-use industries to ensure their
strong foothold in the structural core materials market.
Sustainability
is emerging as a crucial consideration in the Wind Energy sector. Manufacturers
are actively exploring sustainable core material options that align with the
industry's primary focus on reducing the carbon footprint and environmental
impact of wind energy projects. With the ongoing global emphasis on renewable
energy, the Wind Energy segment within the Global Structural Core Materials
Market is projected to experience significant growth. As wind turbine
technology advances and installations continue to expand, the demand for
reliable, lightweight, and durable core materials will remain robust. The Wind
Energy sector is a key driver of innovation in structural core materials, with
ongoing development of new materials that offer improved strength, fatigue
resistance, and compatibility with composite resins. Furthermore, as wind
turbines increase in size and capacity, core materials must evolve to meet the
evolving demands of larger blades.
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The Global Structural Core Materials
Market is segmented based on product, skin type, end-use, and region. Based on product,
the market is bifurcated into foam, balsa and honeycomb. Based on skin type,
the market is bifurcated into gfrp, cfrp, nfrp and others. Based on end-use,
the market is bifurcated into aerospace, automotive, wind energy, marine,
construction and others. Based on region, the market is further bifurcated into
North America, Asia-Pacific, Europe, South America, Middle East & Africa.
Based on skin type, Stainless Steel segment is expected to
dominate the market during the forecast period. The demand for stainless steel
as a structural core material is propelled by industries seeking
high-performance solutions for lightweight structures. Industries such as
aerospace, marine, automotive, construction, and renewable energy require
materials that offer a combination of strength, weight savings, and resistance
to corrosion and harsh environments. Stainless steel cores play a crucial role
in aircraft structures, providing strength and rigidity while minimizing
weight. They significantly contribute to the structural integrity of aircraft
components, including wings and fuselage sections. In marine applications,
stainless steel cores offer resilience against saltwater exposure and harsh
conditions, enhancing the durability of boat hulls and decks. Moreover, in wind
turbine blades, stainless steel cores bolster the structural integrity of the
blades while ensuring resistance to wind, weather, and environmental factors.
Additionally, the coefficient of thermal expansion of stainless steel differs
from other composite materials, necessitating consideration of thermal stress
concerns in certain applications.
Based on end-use, Wind Energy segment is
projected to dominate the market throughout the forecast period. Structural
core materials are commonly utilized in sandwich structures, where they are
bonded to composite skin layers. These core materials enhance the structural
integrity of the blade by providing torsional stiffness and bending strength,
while simultaneously reducing excessive weight. They play a crucial role in
supporting the aerodynamic loads experienced by wind turbine blades. The
increased adoption of wind turbines for renewable energy generation is driving
the demand for structural core materials in the Wind Energy sector. As
countries worldwide transition to cleaner energy sources, the installations of
wind energy have witnessed significant growth. Wind turbine manufacturers are
actively seeking materials that offer high strength-to-weight ratios, fatigue
resistance, and durability to ensure optimal performance throughout the
operational lifespan of the turbine. With the ongoing global focus on renewable
energy, the Wind Energy segment, within the Global Structural Core Materials
Market, is projected to experience substantial growth. As wind turbine
technology continues to advance and installations expand, the demand for
reliable, lightweight, and durable core materials will remain strong.
Key market players in the Global Structural
Core Materials Market are:-
- DIAB
International AB
- Armacell
International
- 3A
Composites GmbH
- Hexcel
Corporation
- Evonik
Industries AG
- The
Gill Corporation
- Changzhou
Tiansheng New Materials Co. Ltd.
- Plascore
Incorporated (US)Euro-Composites S.A.
- Schweiter
Technologies
- Carbon-Core
Corp.
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“Asia Pacific is expected to dominate
the market during the forecast period. The rapid urbanization in the Asia
Pacific region has resulted in a significant rise in the need for residential
and commercial buildings. Construction applications require the utilization of
structural core materials, which provide lightweight solutions, ensuring both
structural integrity and sustainability. In Asia Pacific, there is a growing
momentum towards environmental awareness and sustainability considerations.
Industries are actively seeking eco-friendly solutions, making structural core
materials with lightweight construction, durability, and reduced environmental
impact increasingly appealing.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Structural Core
Materials Market – Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2018-2028
Segmented
By Product (Foam, Balsa and Honeycomb), By Skin Type (GFRP, CFRP, NFRP and
Others), By End-use (Aerospace, Automotive, Wind energy, Marine, Construction
and Others), By Region, Competition,”
has evaluated the future growth potential of Global Structural
Core Materials Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Structural
Core Materials Market.
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