The Core Materials Market is expected to register a CAGR of 5% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is segmented by Type (Foam, Honeycomb, and Balsa). The report is also segmented based on End-Use Industry (Wind Energy, Aerospace and Defense, Marine, Building and Construction, Industrial, and Others). The report scope covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America and key countries under each region. The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the Report
The report Core Materials Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Core Materials Market Segmentation
Type
- Foam
- Honeycomb
- Balsa
End-Use Industry
- Wind Energy
- Aerospace and Defense
- Marine
- Building and Construction
- Industrial
Strategic Insights
Core Materials Market Growth Drivers- Growth in Aerospace and Defense Industries: Core materials are critical in manufacturing lightweight, high-performance structures used in the aerospace and defense sectors. With the growing demand for aircraft, satellites, and military vehicles that require high-strength, low-weight components, the core materials market is expanding. The need for improved fuel efficiency and performance is driving the use of core materials in composite structures.
- Rising Demand for Lightweight Composites in Automotive Industry: The automotive sector is increasingly focusing on reducing vehicle weight to improve fuel efficiency and reduce emissions. Core materials, such as foam and honeycomb structures, are essential in producing lightweight composite components for vehicles. As the automotive industry shifts towards electric vehicles (EVs) and lightweighting, the demand for core materials in automotive applications is surging.
- Increasing Demand for Wind Energy Infrastructure: Core materials are widely used in the manufacturing of wind turbine blades due to their high strength-to-weight ratio. As the global renewable energy sector, especially wind power, grows, the demand for core materials to construct wind turbine blades and other infrastructure is also increasing. The push for sustainable energy solutions is significantly driving the market for core materials.
- Technological Advancements in Core Material Manufacturing: The core materials market is witnessing innovations in production techniques, such as advanced foam extrusion, honeycomb structures, and additive manufacturing. These advancements are improving the performance and cost-effectiveness of core materials. Furthermore, new materials like bio-based and recycled options are being developed to enhance sustainability, driving market growth.
- Focus on Sustainable and Eco-friendly Core Materials: As industries adopt more sustainable practices, there is a growing trend towards using eco-friendly and recyclable core materials. Manufacturers are developing core materials that are not only lightweight and durable but also biodegradable or recyclable. This shift is driven by increasing regulatory pressures and the demand for environmentally responsible products, particularly in the automotive, aerospace, and construction industries.
- Customization and High-Performance Core Materials: The trend of offering customized core materials tailored to specific industry needs is gaining momentum. With rising demand for specialized applications, industries such as aerospace, automotive, and construction are seeking high-performance core materials that meet particular mechanical, thermal, and acoustic properties. Customization is allowing manufacturers to cater to niche markets, thus expanding their market reach.
- Opportunities in the Growing Electric Vehicle (EV) Market: The demand for electric vehicles is creating new opportunities for core materials, as lightweight materials are essential for improving the efficiency and performance of EVs. Core materials are being used to manufacture lightweight components for EVs, including battery enclosures, body panels, and structural elements. As the EV market expands, the demand for core materials will continue to rise.
- Opportunities in Infrastructure and Construction Applications: Core materials, particularly in sandwich panels and composite structures, are increasingly being used in the construction and infrastructure sectors. As the demand for energy-efficient, durable, and lightweight building materials increases, core materials are becoming essential in applications such as roofs, walls, and flooring. This trend presents substantial growth opportunities for the core materials market.
- Opportunities in Marine and Defense Applications: The marine and defense industries are significant consumers of core materials, especially in the construction of lightweight, high-strength components for ships, submarines, and military vehicles. Core materials provide the necessary structural integrity and durability required for harsh environments. As global defense spending increases and the demand for advanced marine vessels rises, core materials will see heightened demand in these sectors.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Core Materials Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Core Materials Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Gurit Holdings AG, Hexcel Corporation, 3A Composites, Evonik Industries AG, Armacell, Diab Group, The Gill Corporation, Euro-Composites, Plascore Inc, and Toray Industries Inc are among the leading players operating in the core materials market.
The Core Materials Market is estimated to witness a CAGR of 5% from 2023 to 2031
Increasing demand for lightweight materials across various industries is driving the market growth
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
Expanding application of core materials in the renewable energy sector, particularly in wind energy is one of the key opportunities for the market growth.
Based on geography, Asia Pacific is expected to register the fastest CAGR from 2023 to 2031.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Core Materials Market - By Type
1.3.2Core Materials Market - By End-Use Industry
1.3.3Core Materials Market - By Region
1.3.3.1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.CORE MATERIALS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.CORE MATERIALS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CORE MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1.CORE MATERIALS - GLOBAL MARKET OVERVIEW
6.2.CORE MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CORE MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.FOAM
7.3.1.Overview
7.3.2.Foam Market Forecast and Analysis
7.4.HONEYCOMB
7.4.1.Overview
7.4.2.Honeycomb Market Forecast and Analysis
7.5.BALSA
7.5.1.Overview
7.5.2.Balsa Market Forecast and Analysis
8.CORE MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - END-USE INDUSTRY
8.1.OVERVIEW
8.2.END-USE INDUSTRY MARKET FORECASTS AND ANALYSIS
8.3.AEROSPACE AND DEFENSE
8.3.1.Overview
8.3.2.Aerospace and Defense Market Forecast and Analysis
8.4.WIND ENERGY
8.4.1.Overview
8.4.2.Wind Energy Market Forecast and Analysis
8.5.MARINE
8.5.1.Overview
8.5.2.Marine Market Forecast and Analysis
8.6.OTHERS
8.6.1.Overview
8.6.2.Others Market Forecast and Analysis
9.CORE MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Core Materials Market Overview
9.1.2North America Core Materials Market Forecasts and Analysis
9.1.3North America Core Materials Market Forecasts and Analysis - By Type
9.1.4North America Core Materials Market Forecasts and Analysis - By End-Use Industry
9.1.5North America Core Materials Market Forecasts and Analysis - By Countries
9.1.5.1United States Core Materials Market
9.1.5.1.1United States Core Materials Market by Type
9.1.5.1.2United States Core Materials Market by End-Use Industry
9.1.5.2Canada Core Materials Market
9.1.5.2.1Canada Core Materials Market by Type
9.1.5.2.2Canada Core Materials Market by End-Use Industry
9.1.5.3Mexico Core Materials Market
9.1.5.3.1Mexico Core Materials Market by Type
9.1.5.3.2Mexico Core Materials Market by End-Use Industry
9.2.EUROPE
9.2.1Europe Core Materials Market Overview
9.2.2Europe Core Materials Market Forecasts and Analysis
9.2.3Europe Core Materials Market Forecasts and Analysis - By Type
9.2.4Europe Core Materials Market Forecasts and Analysis - By End-Use Industry
9.2.5Europe Core Materials Market Forecasts and Analysis - By Countries
9.2.5.1Germany Core Materials Market
9.2.5.1.1Germany Core Materials Market by Type
9.2.5.1.2Germany Core Materials Market by End-Use Industry
9.2.5.2France Core Materials Market
9.2.5.2.1France Core Materials Market by Type
9.2.5.2.2France Core Materials Market by End-Use Industry
9.2.5.3Italy Core Materials Market
9.2.5.3.1Italy Core Materials Market by Type
9.2.5.3.2Italy Core Materials Market by End-Use Industry
9.2.5.4United Kingdom Core Materials Market
9.2.5.4.1United Kingdom Core Materials Market by Type
9.2.5.4.2United Kingdom Core Materials Market by End-Use Industry
9.2.5.5Russia Core Materials Market
9.2.5.5.1Russia Core Materials Market by Type
9.2.5.5.2Russia Core Materials Market by End-Use Industry
9.2.5.6Rest of Europe Core Materials Market
9.2.5.6.1Rest of Europe Core Materials Market by Type
9.2.5.6.2Rest of Europe Core Materials Market by End-Use Industry
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Core Materials Market Overview
9.3.2Asia-Pacific Core Materials Market Forecasts and Analysis
9.3.3Asia-Pacific Core Materials Market Forecasts and Analysis - By Type
9.3.4Asia-Pacific Core Materials Market Forecasts and Analysis - By End-Use Industry
9.3.5Asia-Pacific Core Materials Market Forecasts and Analysis - By Countries
9.3.5.1Australia Core Materials Market
9.3.5.1.1Australia Core Materials Market by Type
9.3.5.1.2Australia Core Materials Market by End-Use Industry
9.3.5.2China Core Materials Market
9.3.5.2.1China Core Materials Market by Type
9.3.5.2.2China Core Materials Market by End-Use Industry
9.3.5.3India Core Materials Market
9.3.5.3.1India Core Materials Market by Type
9.3.5.3.2India Core Materials Market by End-Use Industry
9.3.5.4Japan Core Materials Market
9.3.5.4.1Japan Core Materials Market by Type
9.3.5.4.2Japan Core Materials Market by End-Use Industry
9.3.5.5South Korea Core Materials Market
9.3.5.5.1South Korea Core Materials Market by Type
9.3.5.5.2South Korea Core Materials Market by End-Use Industry
9.3.5.6Rest of Asia-Pacific Core Materials Market
9.3.5.6.1Rest of Asia-Pacific Core Materials Market by Type
9.3.5.6.2Rest of Asia-Pacific Core Materials Market by End-Use Industry
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Core Materials Market Overview
9.4.2Middle East and Africa Core Materials Market Forecasts and Analysis
9.4.3Middle East and Africa Core Materials Market Forecasts and Analysis - By Type
9.4.4Middle East and Africa Core Materials Market Forecasts and Analysis - By End-Use Industry
9.4.5Middle East and Africa Core Materials Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Core Materials Market
9.4.5.1.1South Africa Core Materials Market by Type
9.4.5.1.2South Africa Core Materials Market by End-Use Industry
9.4.5.2Saudi Arabia Core Materials Market
9.4.5.2.1Saudi Arabia Core Materials Market by Type
9.4.5.2.2Saudi Arabia Core Materials Market by End-Use Industry
9.4.5.3U.A.E Core Materials Market
9.4.5.3.1U.A.E Core Materials Market by Type
9.4.5.3.2U.A.E Core Materials Market by End-Use Industry
9.4.5.4Rest of Middle East and Africa Core Materials Market
9.4.5.4.1Rest of Middle East and Africa Core Materials Market by Type
9.4.5.4.2Rest of Middle East and Africa Core Materials Market by End-Use Industry
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Core Materials Market Overview
9.5.2South and Central America Core Materials Market Forecasts and Analysis
9.5.3South and Central America Core Materials Market Forecasts and Analysis - By Type
9.5.4South and Central America Core Materials Market Forecasts and Analysis - By End-Use Industry
9.5.5South and Central America Core Materials Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Core Materials Market
9.5.5.1.1Brazil Core Materials Market by Type
9.5.5.1.2Brazil Core Materials Market by End-Use Industry
9.5.5.2Argentina Core Materials Market
9.5.5.2.1Argentina Core Materials Market by Type
9.5.5.2.2Argentina Core Materials Market by End-Use Industry
9.5.5.3Rest of South and Central America Core Materials Market
9.5.5.3.1Rest of South and Central America Core Materials Market by Type
9.5.5.3.2Rest of South and Central America Core Materials Market by End-Use Industry
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.CORE MATERIALS MARKET, KEY COMPANY PROFILES
11.1.3A COMPOSITES
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ARMACELL INTERNATIONAL S.A.
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.CHANGZHOU TIANSHENG NEW MATERIALS CO. LTD.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.DIAB GROUP
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.URO-COMPOSITES S.A.
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.EVONIK INDUSTRIES
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.GURIT HOLDINGS
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.HEXCEL CORPORATION
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.PLASCORE INC.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.THE GILL CORPORATION
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. 3A Composites
2. Armacell International S.A.
3. Changzhou Tiansheng New Materials Co. Ltd.
4. DIAB Group
5. uro-Composites S.A.
6. Evonik Industries
7. Gurit Holdings
8. Hexcel Corporation
9. Plascore Inc.
10. The Gill Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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