Core Materials Market for Composites by Type (Foam, Honeycomb, and Balsa), End-Use Industry (Aerospace, Wind Energy, Marine, Transportation, Construction), and Region - Global Forecasts to 2022

Published: June 2017
No. of Pages: 164
Single User License: US $ 5650
Corporate User License: US $ 8650

“Increasing demand for lightweight and high strength materials expected to drive the core materials market for composites”

The global core materials market for composites is projected to reach USD 1.92 billion by 2022, registering a CAGR of 8.77% between 2017 and 2022. The growing demand from wind energy sector, increasing use of composites in the aerospace industry, and recovery of the marine sector in the U.S. are the major factors fueling the growth of the global core materials market for composites. However, the core materials market is a capital-intensive market, which is the main barrier for entry of new players in the market. In addition, delay and uncertainty in renewal of the Production Tax Credit (PTC)is also restraining the growth of the market.

“Wind energy is the fastest-growing end-use industry segment of the core materials market for composites”

Wind energy is a key solution to energy security, air pollution, and price stability. This is driving the demand for core materials in this industry. As per the GWEC, in 2015, there were commercial wind power installations in more than 90 countries, with a total installed capacity of 432 GW. The rapid growth of the wind energy sector in China, India, and other countries are driving the demand for foam core materials for composites at a significant rate.

“Asia-Pacific is the fastest-growing core materials market for composites”

Asia-Pacific is the fastest-growing core materials market for composites. The rising demand for high performance materials from wind energy and aerospace industries, and increasing expansion and other developmental strategies being undertaken in the region are factors leading to the growth of the core materials market for composites in Asia-Pacific.

China led the core materials’ market in Asia-Pacific, accounting for more than half of the demand for core materials in the region in 2016. Increase in the number of installations of wind energy turbines in 2016 and high-speed rail projects is driving the demand for core materials in the country.

The market figures presented in this report have been validated through primary interviews conducted with various industry experts, globally.

These primary sources have been divided into three categories:

  • By Company Type - Tier 1- 35%, Tier 2- 25%, and Tier 3-40%
  • By Designation - C Level- 30%, D Level- 25%, and Others- 45%
  • By Region - Asia-Pacific- 33%,North America- 29%, Europe- 24%, ME&A- 9%, and Latin America (5%)

The report also provides company profiles and competitive strategies adopted by major market players. Various key players profiled in the report are as follows:

  • Diab Group (Sweden)
  • Hexcel Corporation (U.S.)
  • 3A Composites (Switzerland)
  • Euro-Composites S.A. (Luxembourg)
  • Gurit Holding AG (Switzerland)
  • The Gill Corporation (U.S.)
  • Changzhou Tiansheng New Materials Co. Ltd. (China)
  • Plascore Incorporated (U.S.)
  • Armacell International S.A. (Luxembourg) and
  • Evonik Industries AG (Germany)

Research Coverage:

The report covers the global core materials market for composites, and the use of core materials in various end-use industries, such as aerospace, wind energy, marine, transportation, and construction, among others. It aims at estimating the market size and future growth potential of this market across different segments, such as type, end-use industry, and regions. Furthermore, the report also includes an in-depth competitive analysis of key players in the market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to buy the report:

  • The report will help leaders/new entrants in this market by providing them the closest approximations of the revenues for the overall core materials market for composites and its segments.
  • This report will help stakeholders to better understand competitive landscape and gain more insights, to better position their businesses and market strategies.
  • The report also will help stakeholders to understand the pulse of the market, and provide them information on key market drivers, restraints, challenges, and opportunities.

Published By: MarketsandMarkets
Product Code: MarketsandMarkets2449

Did you find what you are/were looking for ? If not, read below and browse through other relevant pages for similar market research reports OR get in touch with us through the form/contact info in your right navigation panel and well share relevant market report titles for you to explore.

Related Reports:


  • 500,000 market research reports and growing.
  • Top Fortune 500 Organizations trust us for research data.
  • 24/7 support on call as well as emails.
  • Your Details are safe with us.
  • Free support for your research requirements.
  • Report Delivery: Email
  • Delivery Time:
    • Upto 24 hrs - working days
    • Upto 48 hrs max - weekends and public holidays

Research Support / Custom Research

If this business study does not have the data and information analysis you need, contact us with your research requirements. We explore available market research reports to map your needs and share report titles with you. Alternatively, we can also offer custom research that suits your budget and timelines. Share your information requirements here.
Connect With Us
Email: Call : + 1 888 391 5441

Subscription Option

Using our subscription option, you get access to market research reports and industry data of Consumer Goods market as per your needs. Get the best of Consumer Goods research reports by utilizing your research budgets in an optimum way.

More about our Subscription option
Report Alerts

Get Email alerts about market research reports from industries and publishers of your interest:

We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy