Core Materials Market for composites is projected to grow from USD 1.17 Billion in 2016 to USD 1.92 Billion by 2022, at a CAGR of 8.77% between 2017 and 2022. The use of core materials is becoming crucial in wind energy, aerospace, marine, transportation, construction, and other industries. Furthermore, core material manufacturers are signing supply agreements with various end-use industries to secure their position in the core materials market for composites.
Download PDF Brochure:
𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭
𝐏𝐥𝐚𝐲𝐞𝐫𝐬 -
Some of the leading manufacturers of core materials for composites include Diab Group (Sweden), Hexcel Corporation (US), 3A Composites (Switzerland), Euro-Composites S.A. (Luxembourg), Gurit Holding AG (Switzerland), The Gill Corporation (US), Changzhou Tiansheng New Materials Co. Ltd. (China), Plascore Incorporated (US), Armacell International S.A. (Luxembourg), and Evonik Industries AG (Germany). These players adopted various organic and inorganic developmental strategies.
Speak to Research Expert for more info:
The aerospace industry leads the core materials market for composites
The aerospace industry is estimated to be the largest end-use industry of the core materials market for composites. It is also projected to be one of the fastest-growing end users. This dominance is attributed to high demand for honeycomb core materials from next-generation aircraft.Asia Pacific is witnessing high growth within the core materials market.
Asia Pacific is projected to be the fastest-growing market for core materials for composite between 2017 and 2022. In terms of volume, the region is the largest market. However, North America is the largest market in terms of value. The market in Asia Pacific is driven significantly by the rapid expansion of the wind energy industry. Various leading players are investing in the region due to the easy availability of raw materials, low labor costs, and the growth of manufacturing industries.
No comments:
Post a Comment