조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년03월
Core Material Market – Global Forecast To 2028
코어 소재 시장 : 유형 (Foam, Balsa, and Honeycomb), 최종 용도 산업 (풍력 에너지, 해양, 항공 우주 및 방위, 자동차 및 운송, 건설 및 산업), 지역별 – 2028년까지의 세계 예측
Core Materials Market by Type (Foam, Balsa, and Honeycomb), End- use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Region – Global Forecast to 2028
| 페이지 수 | 260 |
| 도표 수 | 352 |
| 가격 | |
| Single User License | USD 4,950 |
| Multi User License | USD 6,650 |
| Corporate License | USD 8,150 |
| Enterprise License | USD 10.000 |
| 구성 | 영문조사보고서 |
Report Overview
The core materials market size is 1.6 billion in 2023 and is estimated to reach USD 3.0 billion by 2028, at a CAGR of 13.5%, during the forecast period.
코어 소재 시장 규모는 2023년 16억 달러, 예측 기간 동안 CAGR 13.5%로 성장해 2028년에는 30억 달러에 이를 것으로 예상됩니다.
With important properties including thickness, high stiffness, and low density, core materials are integral parts of sandwich structure composites. Composite layers that encircle these key components provide the construction more strength overall. The remarkable combination of low weight and high strength of core materials has led to their broad acceptance in a variety of end-use sectors. The growing demand for core materials across a range of industries is fueled by the growing awareness of their advantages. The major growth observed in the wind energy segment to boost the market for core materials during the forecast period.
“Foam core materials holds the largest share in core materials market in 2022.”
Foam core materials dominate the core materials market, capturing the largest share among its counterparts. Foam core materials are the material of choice in many different industries because of its adaptability, durability, and affordability. They are essential in sandwich composite constructions because they can give thickness and high stiffness with low density. Different varieties of foam, including PET, PVC, SAN, PMI, and PEI, provide customized solutions to fulfill specific application requirements within this market segment. Of them, PET foam is especially notable because it is made from recycled PET bottles and is renowned for both its outstanding performance and its environmentally friendly qualities. Foam core materials’ remarkable qualities and wide range of uses help to drive innovation in the core materials industry and satisfy the changing needs of contemporary industries.
“Wind energy is the largest and the fastest growing end-use industry of core materials market, in terms of value and volume both.”
The wind energy sector emerges as the largest and fastest-growing segment within the core materials market in terms of value and volume. Wind power has gained a lot of traction because of the global push for renewable energy sources, which has increased demand for essential components. The construction of wind turbine components, especially rotor blades, nacelles, and spinners, depends heavily on core materials because of their lightweight, robust nature, which maximizes energy extraction and ensures structural integrity. The demand for core materials is being further driven by the increasing expenditures made in wind energy infrastructure as governments across the world undertake steps to cut carbon emissions and shift to cleaner energy sources. This strong growth trajectory highlights how important the wind energy industry is to the core materials market as it drives the transition to a more ecologically friendly and sustainable future.
“Asia Pacific region to dominate the core materials market during forecasted period.”
During the forecasted period, the Asia Pacific region emerges as the largest market in the core material industry. The adoption of renewable energy is being driven by nations like China, India, and Japan, which is driving an unprecedented increase in the region’s need for core materials. Because of aggressive goals for producing clean energy and initiatives to allay environmental worries, wind energy in particular has drawn the attention of both governments and investors. The construction of wind farms throughout the Asia-Pacific area is driving up demand for core materials, particularly for the manufacturing of wind turbine components such as rotor blades.
This study has been validated through primary interviews conducted with various industry experts, globally. These primary sources have been divided into the following three categories:
• By Company Type – Tier 1- 40%, Tier 2- 33%, and Tier 3- 27%
• By Designation – C Level- 50%, Director Level- 30%, and Executives- 20%
• By Region – North America- 15%, Europe- 50%, Asia Pacific- 20%, Middle East & Africa (MEA)-10%, Latin America-10%
The report provides a comprehensive analysis of company profiles listed below:
• 3A Composites (Switzerland)
• Diab Group (Sweden)
• Gurit (Switzerland)
• Hexcel Corporation (US)
• Armacell International S.A. (Luxembourg)
• Euro-Composites S.A. (Luxembourg)
• Changzhou Tiansheng New Materials Co. Ltd. (China)
• Evonik Industries AG (Germany)
• The Gill Corporation(US)
• Plascore Inc. (US)
Research Coverage
This report covers the global core materials market and forecasts the market size until 2028. The report includes the following market segmentation: Type (foam, honeycomb, and balsa), End-use Industry (wind energy, aerospace & defense, marine, automotive & transportation, construction, and industrial), and Region (Europe, North America, Asia Pacific, and Rest of the world). Porter’s Five Forces analysis, along with the drivers, restraints, opportunities, and challenges, have been discussed in the report. It also provides company profiles and competitive strategies adopted by the major players in the global core materials market.
Key benefits of buying the report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall core material market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
• Analysis of factors influencing the growth of the core material market key drivers (Demand for core materials in wind turbine blades and solar panels, increasing demand of core materials in aerospace sector, Imperative to improve fuel efficiency, Need for end-use industries to lower carbon emissions)
• Restraints (High cost of materials in cost-sensitive industries, Difficulty in recycling core materials)
• Opportunities (Growing demand for core materials in medical industry and 3D printing, Evolving industrial requirements)
• Challenges (Developing low-cost technologies, High R&D cost)
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the core material market
• Market Development: Comprehensive information about lucrative markets – the report analyses the core material market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the core material market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like 3A Composites (Switzerland), Diab Group (Sweden), Gurit (Switzerland), Hexcel Corporation (US), Armacell (Luxembourg), Euro-Composites S.A. (Luxembourg), Changzhou Tiansheng New Materials Co. Ltd. (China), and The Gill Corporation (US). among others in the core material market.
Table of Contents
1 INTRODUCTION 36
1.1 STUDY OBJECTIVES 36
1.2 MARKET DEFINITION 36
1.3 STUDY SCOPE 37
1.3.1 INCLUSIONS & EXCLUSIONS 37
FIGURE 1 CORE MATERIAL MARKET SEGMENTATION 37
1.3.2 REGIONS COVERED 38
1.3.3 YEARS CONSIDERED 38
1.4 CURRENCY CONSIDERED 38
1.5 UNITS CONSIDERED 39
1.6 LIMITATIONS 39
1.7 STAKEHOLDERS 39
1.8 SUMMARY OF CHANGES 39
2 RESEARCH METHODOLOGY 40
2.1 RESEARCH DATA 40
FIGURE 2 CORE MATERIAL MARKET: RESEARCH DESIGN 40
2.1.1 SECONDARY DATA 41
2.1.1.1 Key data from secondary sources 41
2.1.2 PRIMARY DATA 41
2.1.2.1 Key data from primary sources 42
2.1.2.2 Key primary participants 42
2.1.2.3 Breakdown of interviews with experts 43
2.1.2.4 Key industry insights 43
2.2 RECESSION IMPACT 44
2.3 MARKET SIZE ESTIMATION 44
2.3.1 BOTTOM-UP APPROACH 44
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 44
2.3.2 TOP-DOWN APPROACH 45
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 45
2.4 BASE NUMBER CALCULATION 45
2.4.1 APPROACH 1: SUPPLY-SIDE ANALYSIS 45
FIGURE 5 METHODOLOGY FOR SUPPLY-SIDE SIZING OF CORE MATERIAL MARKET 45
2.4.2 APPROACH 2: DEMAND-SIDE ANALYSIS 46
FIGURE 6 METHODOLOGY FOR DEMAND-SIDE SIZING OF CORE MATERIAL MARKET 46
2.5 MARKET FORECAST 46
2.5.1 SUPPLY SIDE 46
2.5.2 DEMAND SIDE 46
2.6 DATA TRIANGULATION 47
FIGURE 7 CORE MATERIAL MARKET: DATA TRIANGULATION 47
2.7 FACTOR ANALYSIS 48
2.8 RESEARCH ASSUMPTIONS 48
2.9 RESEARCH LIMITATIONS 49
3 EXECUTIVE SUMMARY 50
FIGURE 8 WIND ENERGY INDUSTRY DOMINATED MARKET IN 2022 51
FIGURE 9 FOAM SEGMENT ACCOUNTED FOR LARGEST SHARE IN 2022 51
FIGURE 10 ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 52
4 PREMIUM INSIGHTS 53
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CORE MATERIAL MARKET 53
FIGURE 11 SIGNIFICANT GROWTH EXPECTED IN CORE MATERIAL MARKET BETWEEN 2023 AND 2028 53
4.2 CORE MATERIAL MARKET, BY TYPE 53
FIGURE 12 FOAM TYPE DOMINATED MARKET IN 2022 53
4.3 CORE MATERIAL MARKET, BY END-USE INDUSTRY AND REGION 54
FIGURE 13 ASIA PACIFIC AND WIND ENERGY DOMINATED MARKET IN 2022 54
4.4 CORE MATERIAL MARKET, BY KEY COUNTRY 55
FIGURE 14 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 55
5 MARKET OVERVIEW 56
5.1 INTRODUCTION 56
5.2 MARKET DYNAMICS 56
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN CORE MATERIAL MARKET 56
5.2.1 DRIVERS 57
5.2.1.1 Increasing demand for core materials in aerospace sector 57
FIGURE 16 DELIVERY OF TOP CORE MATERIAL UTILIZING BOEING PLANES, 2022–2024 57
5.2.1.2 Imperative to improve fuel efficiency 58
5.2.1.3 Need for end-use industries to lower carbon emissions 58
5.2.1.4 Rising demand for core materials in wind turbine blades and solar panels 58
5.2.2 RESTRAINTS 59
5.2.2.1 High cost of materials in end-use industries 59
5.2.2.2 Difficulty in recycling core materials 59
5.2.3 OPPORTUNITIES 60
5.2.3.1 Pressing need for core materials in medical industry and 3D printing 60
5.2.3.2 Evolving industrial requirements 60
5.2.4 CHALLENGES 60
5.2.4.1 Development of low-cost technologies 60
5.3 PORTER’S FIVE FORCES ANALYSIS 61
FIGURE 17 CORE MATERIAL MARKET: PORTER’S FIVE FORCES ANALYSIS 61
5.3.1 THREAT OF NEW ENTRANTS 61
5.3.2 THREAT OF SUBSTITUTES 62
5.3.3 BARGAINING POWER OF SUPPLIERS 62
5.3.4 BARGAINING POWER OF BUYERS 62
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 62
TABLE 1 CORE MATERIAL MARKET: PORTER’S FIVE FORCES ANALYSIS 63
5.4 ECOSYSTEM ANALYSIS 63
FIGURE 18 CORE MATERIAL MARKET: ECOSYSTEM 64
5.5 PRICING ANALYSIS 64
5.5.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY END-USE INDUSTRY 64
FIGURE 19 AVERAGE SELLING PRICES OF CORE MATERIALS OFFERED BY KEY PLAYERS FOR TOP THREE END-USE INDUSTRIES (USD/KG) 64
5.5.2 AVERAGE SELLING PRICE TREND, BY TYPE 65
FIGURE 20 AVERAGE SELLING PRICE OF CORE MATERIALS, BY TYPE 65
TABLE 2 AVERAGE SELLING PRICE OF CORE MATERIALS, BY TYPE 65
5.5.3 AVERAGE SELLING PRICE TREND, BY REGION 65
TABLE 3 AVERAGE SELLING PRICE OF CORE MATERIALS, BY REGION 65
5.6 TRADE ANALYSIS 66
5.6.1 EXPORT SCENARIO FOR HS CODE 761699 66
FIGURE 21 EXPORT FOR HS CODE 761699, BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 66
TABLE 4 TOP 10 EXPORTING COUNTRIES FOR HS CODE 761699 IN 2022 67
5.6.2 IMPORT SCENARIO FOR HS CODE 761699 67
FIGURE 22 IMPORT FOR HS CODE 761699, BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 67
TABLE 5 TOP 10 IMPORTING COUNTRIES FOR HS CODE 761699 IN 2022 68
5.6.3 EXPORT SCENARIO FOR HS CODE 392690 68
FIGURE 23 EXPORT FOR HS CODE 392690, BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 68
TABLE 6 TOP 10 EXPORTING COUNTRIES FOR HS CODE 392690 IN 2022 69
5.6.4 IMPORT SCENARIO FOR HS CODE 392690 69
FIGURE 24 IMPORT FOR HS CODE 392690, BY KEY COUNTRY, 2018–2022 (USD THOUSAND) 69
TABLE 7 TOP 10 IMPORTING COUNTRIES FOR HS CODE 392690 IN 2022 70
5.7 SUPPLY CHAIN ANALYSIS 70
5.7.1 RAW MATERIALS 71
FIGURE 25 LEADING CORE MATERIAL RAW MATERIAL MANUFACTURERS AND SUPPLIERS 71
5.7.2 PRODUCT MANUFACTURERS 71
FIGURE 26 LEADING PRODUCT MANUFACTURERS 71
5.7.3 END USERS 72
FIGURE 27 MAJOR END USERS OF CORE MATERIALS 72
5.8 VALUE CHAIN ANALYSIS 72
FIGURE 28 CORE MATERIAL MARKET: VALUE CHAIN ANALYSIS 72
5.9 DISTRIBUTION CHANNEL 73
5.10 TECHNOLOGY ANALYSIS 73
5.10.1 KEY TECHNOLOGY 73
5.10.1.1 Foam core material manufacturing process 73
5.10.2 COMPLEMENTARY TECHNOLOGY 74
5.10.2.1 Honeycomb and balsa core material manufacturing process 74
5.11 KEY STAKEHOLDERS & BUYING CRITERIA 74
5.11.1 KEY STAKEHOLDERS IN BUYING PROCESS 74
FIGURE 29 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 74
TABLE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES 74
5.11.2 BUYING CRITERIA 75
FIGURE 30 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 75
TABLE 9 KEY BUYING CRITERIA FOR TOP THREE END-USE INDUSTRIES 75
5.12 PATENT ANALYSIS 75
5.12.1 INTRODUCTION 75
5.12.2 METHODOLOGY 76
5.12.3 DOCUMENT TYPES 76
TABLE 10 CORE MATERIAL MARKET: GLOBAL PATENTS 76
FIGURE 31 GLOBAL PATENT ANALYSIS, BY DOCUMENT TYPE 76
FIGURE 32 GLOBAL PATENT PUBLICATION TREND ANALYSIS IN LAST 10 YEARS 77
5.12.4 INSIGHTS 77
5.12.5 LEGAL STATUS 77
FIGURE 33 CORE MATERIAL MARKET: LEGAL STATUS OF PATENTS 77
5.12.6 JURISDICTION ANALYSIS 78
FIGURE 34 GLOBAL JURISDICTION ANALYSIS 78
5.12.7 TOP APPLICANTS 78
FIGURE 35 TOP PATENT APPLICANT COMPANIES 78
5.12.8 PATENTS BY UACJ CORPORATION 79
5.12.9 PATENTS BY NIPPON MICROMETAL CORPORATION 79
5.12.10 PATENTS BY NIPPON STEEL CHEMICAL & MATERIAL CO. LTD. 80
5.12.11 TOP 10 PATENT OWNERS (US) IN LAST 10 YEARS 80
5.13 REGULATORY LANDSCAPE 81
5.13.1 REGULATIONS IN CORE MATERIAL MARKET 81
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 11 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 12 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 82
TABLE 13 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
TABLE 14 REST OF WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 83
5.14 KEY CONFERENCES & EVENTS IN 2024–2025 84
TABLE 15 CORE MATERIAL MARKET: CONFERENCES & EVENTS, 2024–2025 84
5.15 CASE STUDY ANALYSIS 85
5.16 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 86
FIGURE 36 REVENUE SHIFT OF CORE MATERIALS 86
5.17 INVESTMENT AND FUNDING SCENARIO 87
FIGURE 37 INVESTOR DEALS AND FUNDING IN CORE MATERIALS 87
FIGURE 38 KEY CORE MATERIAL MANUFACTURERS IN 2024 (USD BILLION) 87
6 CORE MATERIAL MARKET, BY TYPE 88
6.1 INTRODUCTION 89
FIGURE 39 FOAM TYPE TO DOMINATE CORE MATERIAL MARKET DURING FORECAST PERIOD 89
TABLE 16 CORE MATERIAL MARKET, BY TYPE, 2020–2022 (USD MILLION) 89
TABLE 17 CORE MATERIAL MARKET, BY TYPE, 2020–2022 (KILOTON) 89
TABLE 18 CORE MATERIAL MARKET, BY TYPE, 2023–2028 (USD MILLION) 90
TABLE 19 CORE MATERIAL MARKET, BY TYPE, 2023–2028 (KILOTON) 90
6.2 FOAM 90
6.2.1 INCREASING DEMAND IN WIND ENERGY BLADES AND TURBINES TO DRIVE MARKET 90
FIGURE 40 ASIA PACIFIC TO BE LARGEST FOAM MARKET DURING FORECAST PERIOD 91
TABLE 20 FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 91
TABLE 21 FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 91
TABLE 22 FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 92
TABLE 23 FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 92
TABLE 24 FOAM: CORE MATERIAL MARKET, BY FOAM TYPE, 2020–2022 (USD MILLION) 93
TABLE 25 FOAM: CORE MATERIAL MARKET, BY FOAM TYPE, 2020–2022 (KILOTON) 93
TABLE 26 FOAM: CORE MATERIAL MARKET, BY FOAM TYPE, 2023–2028 (USD MILLION) 93
TABLE 27 FOAM: CORE MATERIAL MARKET, BY FOAM TYPE, 2023–2028 (KILOTON) 94
6.2.2 PET FOAM 94
TABLE 28 PET FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 94
TABLE 29 PET FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 95
TABLE 30 PET FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 95
TABLE 31 PET FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 95
6.2.3 PVC FOAM 96
TABLE 32 PVC FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 96
TABLE 33 PVC FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 96
TABLE 34 PVC FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 96
TABLE 35 PVC FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 97
6.2.4 SAN FOAM 97
TABLE 36 SAN FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 97
TABLE 37 SAN FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 98
TABLE 38 SAN FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 98
TABLE 39 SAN FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 98
6.2.5 PMI FOAM 98
TABLE 40 PMI FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 99
TABLE 41 PMI FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 99
TABLE 42 PMI FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 99
TABLE 43 PMI FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 100
6.2.6 PEI FOAM 100
TABLE 44 PEI FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 100
TABLE 45 PEI FOAM: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 101
TABLE 46 PEI FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 101
TABLE 47 PEI FOAM: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 101
6.2.7 OTHER FOAMS 102
TABLE 48 OTHER FOAMS: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 102
TABLE 49 OTHER FOAMS: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 102
TABLE 50 OTHER FOAMS: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 102
TABLE 51 OTHER FOAMS: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 103
6.3 HONEYCOMB 103
6.3.1 WIDE APPLICATIONS IN AEROSPACE SECTOR TO BOOST MARKET 103
FIGURE 41 ASIA PACIFIC TO RECORD FASTEST GROWTH DURING FORECAST PERIOD 104
6.3.2 ALUMINUM 104
6.3.3 ARAMID 104
6.3.4 THERMOPLASTIC 104
TABLE 52 HONEYCOMB: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (USD MILLION) 104
TABLE 53 HONEYCOMB: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (KILOTON) 105
TABLE 54 HONEYCOMB: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (USD MILLION) 105
TABLE 55 HONEYCOMB: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (KILOTON) 105
TABLE 56 HONEYCOMB: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 106
TABLE 57 HONEYCOMB: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 106
TABLE 58 HONEYCOMB: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 106
TABLE 59 HONEYCOMB: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 107
6.4 BALSA 107
6.4.1 INCREASING USE IN MARINE AND TRANSPORTATION INDUSTRIES TO DRIVE MARKET 107
FIGURE 42 ASIA PACIFIC TO BE FASTEST-GROWING BALSA MARKET DURING FORECAST PERIOD 107
TABLE 60 BALSA: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 108
TABLE 61 BALSA: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 108
TABLE 62 BALSA: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 108
TABLE 63 BALSA: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 108
7 CORE MATERIAL MARKET, BY END-USE INDUSTRY 110
7.1 INTRODUCTION 111
FIGURE 43 WIND ENERGY TO BE FASTEST-GROWING END-USE INDUSTRY DURING FORECAST PERIOD 111
TABLE 64 CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 111
TABLE 65 CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 112
TABLE 66 CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 112
TABLE 67 CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 112
7.2 WIND ENERGY 113
7.2.1 INCREASING DEMAND FOR BALSA TO DRIVE MARKET 113
FIGURE 44 ASIA PACIFIC TO LEAD GLOBAL CORE MATERIAL MARKET IN WIND ENERGY SEGMENT 113
TABLE 68 WIND ENERGY: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 114
TABLE 69 WIND ENERGY: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 114
TABLE 70 WIND ENERGY: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 114
TABLE 71 WIND ENERGY: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 114
7.3 AEROSPACE & DEFENSE 115
7.3.1 RISING DEMAND FOR HONEYCOMB MATERIAL TO BOOST MARKET 115
TABLE 72 AEROSPACE & DEFENSE: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 115
TABLE 73 AEROSPACE & DEFENSE: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 115
TABLE 74 AEROSPACE & DEFENSE: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 116
TABLE 75 AEROSPACE & DEFENSE: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 116
7.4 MARINE 116
7.4.1 WIDE DEPLOYMENT OF PVC FOAM IN MARINE INDUSTRY TO DRIVE MARKET 116
TABLE 76 MARINE INDUSTRY: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 117
TABLE 77 MARINE INDUSTRY: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 117
TABLE 78 MARINE INDUSTRY: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 117
TABLE 79 MARINE INDUSTRY: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 118
7.5 AUTOMOTIVE & TRANSPORTATION 118
7.5.1 PRESSING NEED FOR LIGHTWEIGHT FOAMS TO BOOST MARKET 118
TABLE 80 AUTOMOTIVE & TRANSPORTATION: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 118
TABLE 81 AUTOMOTIVE & TRANSPORTATION: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 119
TABLE 82 AUTOMOTIVE & TRANSPORTATION: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 119
TABLE 83 AUTOMOTIVE & TRANSPORTATION: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 119
7.6 CONSTRUCTION 120
7.6.1 INCREASING DEMAND FOR PREFABRICATED MATERIAL TO DRIVE MARKET 120
TABLE 84 CONSTRUCTION: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 120
TABLE 85 CONSTRUCTION: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 120
TABLE 86 CONSTRUCTION: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 120
TABLE 87 CONSTRUCTION: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 121
7.7 INDUSTRIAL 121
7.7.1 RISING NEED FOR FOAM CORES IN INDUSTRIAL APPLICATIONS TO BOOST MARKET 121
TABLE 88 INDUSTRIAL: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 121
TABLE 89 INDUSTRIAL: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 122
TABLE 90 INDUSTRIAL: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 122
TABLE 91 INDUSTRIAL: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 122
7.8 OTHER END-USE INDUSTRIES 123
TABLE 92 OTHER END-USE INDUSTRIES: CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 123
TABLE 93 OTHER END-USE INDUSTRIES: CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 123
TABLE 94 OTHER END-USE INDUSTRIES: CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 123
TABLE 95 OTHER END-USE INDUSTRIES: CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 124
8 CORE MATERIAL MARKET, BY REGION 125
8.1 INTRODUCTION 126
FIGURE 45 CHINA TO RECORD FASTEST MARKET GROWTH DURING FORECAST PERIOD 126
TABLE 96 CORE MATERIAL MARKET, BY REGION, 2020–2022 (USD MILLION) 126
TABLE 97 CORE MATERIAL MARKET, BY REGION, 2020–2022 (KILOTON) 127
TABLE 98 CORE MATERIAL MARKET, BY REGION, 2023–2028 (USD MILLION) 127
TABLE 99 CORE MATERIAL MARKET, BY REGION, 2023–2028 (KILOTON) 127
8.2 NORTH AMERICA 128
8.2.1 IMPACT OF RECESSION 128
FIGURE 46 NORTH AMERICA: CORE MATERIAL MARKET SNAPSHOT 128
8.2.2 NORTH AMERICA, BY END-USE INDUSTRY 129
TABLE 100 NORTH AMERICA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 129
TABLE 101 NORTH AMERICA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 129
TABLE 102 NORTH AMERICA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 130
TABLE 103 NORTH AMERICA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 130
8.2.3 NORTH AMERICA, BY TYPE 131
TABLE 104 NORTH AMERICA: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (USD MILLION) 131
TABLE 105 NORTH AMERICA: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (KILOTON) 131
TABLE 106 NORTH AMERICA: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (USD MILLION) 131
TABLE 107 NORTH AMERICA: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (KILOTON) 131
8.2.4 NORTH AMERICA, BY COUNTRY 132
TABLE 108 NORTH AMERICA: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 132
TABLE 109 NORTH AMERICA: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (KILOTON) 132
TABLE 110 NORTH AMERICA: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 132
TABLE 111 NORTH AMERICA: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (KILOTON) 132
8.2.4.1 US 133
8.2.4.1.1 High demand from aerospace & defense industry to drive market 133
TABLE 112 US: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 133
TABLE 113 US: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 133
TABLE 114 US: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 134
TABLE 115 US: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 134
8.2.4.2 Canada 135
8.2.4.2.1 Surge in wind energy installations to boost market 135
TABLE 116 CANADA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 135
TABLE 117 CANADA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 135
TABLE 118 CANADA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 136
TABLE 119 CANADA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 136
8.3 EUROPE 137
8.3.1 IMPACT OF RECESSION 137
FIGURE 47 EUROPE: CORE MATERIAL MARKET SNAPSHOT 138
8.3.2 EUROPE, BY END-USE INDUSTRY 138
TABLE 120 EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 138
TABLE 121 EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 139
TABLE 122 EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 139
TABLE 123 EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 139
8.3.3 EUROPE, BY TYPE 140
TABLE 124 EUROPE: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (USD MILLION) 140
TABLE 125 EUROPE: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (KILOTON) 140
TABLE 126 EUROPE: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (USD MILLION) 140
TABLE 127 EUROPE: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (KILOTON) 141
8.3.4 EUROPE, BY COUNTRY 141
TABLE 128 EUROPE: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 141
TABLE 129 EUROPE: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (KILOTON) 141
TABLE 130 EUROPE: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 142
TABLE 131 EUROPE: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (KILOTON) 142
8.3.4.1 Germany 143
8.3.4.1.1 Strong presence of wind energy industries to drive market 143
TABLE 132 GERMANY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 143
TABLE 133 GERMANY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 143
TABLE 134 GERMANY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 144
TABLE 135 GERMANY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 144
8.3.4.2 France 145
8.3.4.2.1 Increasing demand for windmills to boost market 145
TABLE 136 FRANCE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 145
TABLE 137 FRANCE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 145
TABLE 138 FRANCE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 146
TABLE 139 FRANCE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 146
8.3.4.3 UK 147
8.3.4.3.1 Pressing need for core materials in wind turbines to fuel market 147
TABLE 140 UK: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 147
TABLE 141 UK: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 147
TABLE 142 UK: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 148
TABLE 143 UK: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 148
8.3.4.4 Italy 148
8.3.4.4.1 Rising demand for balsa in marine industry to boost market 148
TABLE 144 ITALY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 149
TABLE 145 ITALY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 149
TABLE 146 ITALY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 149
TABLE 147 ITALY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 150
8.3.4.5 Spain 150
8.3.4.5.1 Wide applications of composite cores in wind energy and aerospace industries to drive market 150
TABLE 148 SPAIN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 151
TABLE 149 SPAIN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 151
TABLE 150 SPAIN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 151
TABLE 151 SPAIN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 152
8.3.4.6 Turkey 152
8.3.4.6.1 Rising demand for foam in automobiles to drive market 152
TABLE 152 TURKEY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 152
TABLE 153 TURKEY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 153
TABLE 154 TURKEY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 153
TABLE 155 TURKEY: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 153
8.3.4.7 Rest of Europe 154
TABLE 156 REST OF EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 154
TABLE 157 REST OF EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 154
TABLE 158 REST OF EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 155
TABLE 159 REST OF EUROPE: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 155
8.4 ASIA PACIFIC 156
8.4.1 IMPACT OF RECESSION 156
FIGURE 48 ASIA PACIFIC: CORE MATERIAL MARKET SNAPSHOT 157
8.4.2 ASIA PACIFIC: CORE MATERIAL MARKET, BY TYPE 157
TABLE 160 ASIA PACIFIC: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (USD MILLION) 157
TABLE 161 ASIA PACIFIC: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (KILOTON) 158
TABLE 162 ASIA PACIFIC: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (USD MILLION) 158
TABLE 163 ASIA PACIFIC: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (KILOTON) 158
8.4.3 ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY 159
TABLE 164 ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 159
TABLE 165 ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 159
TABLE 166 ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 159
TABLE 167 ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 160
8.4.4 ASIA PACIFIC: CORE MATERIAL MARKET, BY COUNTRY 160
TABLE 168 ASIA PACIFIC: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 160
TABLE 169 ASIA PACIFIC: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (KILOTON) 160
TABLE 170 ASIA PACIFIC: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 161
TABLE 171 ASIA PACIFIC: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (KILOTON) 161
8.4.4.1 China 161
8.4.4.1.1 Increasing demand for foam and balsa to drive market 161
TABLE 172 CHINA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 162
TABLE 173 CHINA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 162
TABLE 174 CHINA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 162
TABLE 175 CHINA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 163
8.4.4.2 Japan 163
8.4.4.2.1 High demand for small passenger cars to drive market 163
TABLE 176 JAPAN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 163
TABLE 177 JAPAN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 164
TABLE 178 JAPAN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 164
TABLE 179 JAPAN: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 164
8.4.4.3 India 165
8.4.4.3.1 Rising adoption of renewable energy to boost market 165
TABLE 180 INDIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 165
TABLE 181 INDIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 165
TABLE 182 INDIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 166
TABLE 183 INDIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 166
8.4.4.4 Australia 167
8.4.4.4.1 Immense need for fuel-efficient and sustainable materials to drive market 167
TABLE 184 AUSTRALIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 167
TABLE 185 AUSTRALIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 167
TABLE 186 AUSTRALIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 168
TABLE 187 AUSTRALIA: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 168
8.4.4.5 Rest of Asia Pacific 169
TABLE 188 REST OF ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 169
TABLE 189 REST OF ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 169
TABLE 190 REST OF ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 170
TABLE 191 REST OF ASIA PACIFIC: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 170
8.5 REST OF WORLD 171
8.5.1 IMPACT OF RECESSION 171
FIGURE 49 REST OF WORLD: CORE MATERIAL MARKET SNAPSHOT 171
8.5.2 REST OF WORLD: CORE MATERIAL MARKET, BY TYPE 172
TABLE 192 REST OF WORLD: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (USD MILLION) 172
TABLE 193 REST OF WORLD: CORE MATERIAL MARKET, BY TYPE, 2020–2022 (KILOTON) 172
TABLE 194 REST OF WORLD: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (USD MILLION) 172
TABLE 195 REST OF WORLD: CORE MATERIAL MARKET, BY TYPE, 2023–2028 (KILOTON) 172
8.5.3 REST OF WORLD: CORE MATERIAL MARKET, BY END-USE INDUSTRY 173
TABLE 196 REST OF WORLD: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 173
TABLE 197 REST OF WORLD: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 173
TABLE 198 REST OF WORLD: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 174
TABLE 199 REST OF WORLD: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 174
8.5.4 REST OF WORLD: CORE MATERIAL MARKET, BY COUNTRY 175
TABLE 200 REST OF WORLD: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 175
TABLE 201 REST OF WORLD: CORE MATERIAL MARKET, BY COUNTRY, 2020–2022 (KILOTON) 175
TABLE 202 REST OF WORLD: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 175
TABLE 203 REST OF WORLD: CORE MATERIAL MARKET, BY COUNTRY, 2023–2028 (KILOTON) 175
8.5.4.1 Brazil 176
8.5.4.1.1 High number of wind power installations to boost market 176
TABLE 204 BRAZIL: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 176
TABLE 205 BRAZIL: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 177
TABLE 206 BRAZIL: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 177
TABLE 207 BRAZIL: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 177
8.5.4.2 Mexico 178
8.5.4.2.1 Surge in demand for wind turbines to drive market 178
TABLE 208 MEXICO: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (USD MILLION) 178
TABLE 209 MEXICO: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 178
TABLE 210 MEXICO: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 179
TABLE 211 MEXICO: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 179
8.5.4.3 Rest of ROW countries 179
TABLE 212 REST OF ROW COUNTRIES: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022(USD MILLION) 180
TABLE 213 REST OF ROW COUNTRIES: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2020–2022 (KILOTON) 180
TABLE 214 REST OF ROW COUNTRIES: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION) 181
TABLE 215 REST OF ROW COUNTRIES: CORE MATERIAL MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON) 181
9 COMPETITIVE LANDSCAPE 182
9.1 INTRODUCTION 182
9.2 KEY PLAYER STRATEGIES 182
TABLE 216 STRATEGIES ADOPTED BY CORE MATERIAL MANUFACTURERS 182
9.3 REVENUE ANALYSIS 184
FIGURE 50 CORE MATERIAL MARKET: REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS 184
9.4 MARKET SHARE ANALYSIS 184
FIGURE 51 SHARES OF TOP COMPANIES IN CORE MATERIAL MARKET 185
TABLE 217 DEGREE OF COMPETITION: CORE MATERIAL MARKET 185
9.5 BRAND/PRODUCT COMPARATIVE ANALYSIS 187
FIGURE 52 BRAND/PRODUCT COMPARISON 187
9.5.1 GURIT KERDYN 187
9.5.2 HEXWEB HONEYCOMB 187
9.5.3 AIREX 188
9.5.4 ROHACELL 188
9.5.5 DIVINYCELL 188
9.6 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2022 188
9.6.1 STARS 188
9.6.2 EMERGING LEADERS 188
9.6.3 PERVASIVE PLAYERS 188
9.6.4 PARTICIPANTS 189
FIGURE 53 CORE MATERIAL MARKET: COMPANY EVALUATION MATRIX, 2022 189
9.6.5 COMPANY FOOTPRINT: KEY PLAYERS, 2022 190
9.6.5.1 Company footprint 190
FIGURE 54 CORE MATERIAL MARKET: COMPANY FOOTPRINT (18 COMPANIES) 190
9.6.5.2 Company type footprint 191
TABLE 218 CORE MATERIAL MARKET: COMPANY TYPE FOOTPRINT (18 COMPANIES) 191
9.6.5.3 Company subtype (foam) footprint 192
TABLE 219 CORE MATERIAL MARKET: COMPANY SUBTYPE (FOAM) FOOTPRINT (18 COMPANIES) 192
9.6.5.4 Company subtype (honeycomb) footprint 193
TABLE 220 CORE MATERIAL MARKET: COMPANY SUBTYPE (HONEYCOMB) FOOTPRINT (18 COMPANIES) 193
9.6.5.5 Company end-use industry footprint 194
TABLE 221 CORE MATERIAL MARKET: COMPANY END-USE INDUSTRY FOOTPRINT (18 COMPANIES) 194
9.6.5.6 Company region footprint 195
TABLE 222 CORE MATERIAL MARKET: COMPANY REGION FOOTPRINT (18 COMPANIES) 195
9.7 VALUATION AND FINANCIAL METRICS 196
FIGURE 55 EV/EBITDA OF KEY MANUFACTURERS 196
FIGURE 56 YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY MANUFACTURERS 196
9.8 COMPETITIVE SCENARIO AND TRENDS 197
9.8.1 PRODUCT LAUNCHES 197
TABLE 223 CORE MATERIAL MARKET: PRODUCT LAUNCHES, JANUARY 2020–JANUARY 2024 197
9.8.2 DEALS 198
TABLE 224 CORE MATERIAL MARKET: DEALS, JANUARY 2020–JANUARY 2024 198
9.8.3 EXPANSIONS 200
TABLE 225 CORE MATERIAL MARKET: EXPANSIONS, JANUARY 2020–JANUARY 2024 200
10 COMPANY PROFILES 202
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
10.1 KEY COMPANIES 202
10.1.1 GURIT HOLDINGS AG 202
TABLE 226 GURIT HOLDING AG: COMPANY OVERVIEW 202
FIGURE 57 GURIT HOLDING AG: COMPANY SNAPSHOT 203
TABLE 227 GURIT HOLDING AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 203
TABLE 228 GURIT HOLDING AG: PRODUCT LAUNCHES 204
TABLE 229 GURIT HOLDINGS AG: DEALS 205
10.1.2 HEXCEL CORPORATION 207
TABLE 230 HEXCEL CORPORATION: COMPANY OVERVIEW 207
FIGURE 58 HEXCEL CORPORATION: COMPANY SNAPSHOT 208
TABLE 231 HEXCEL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 208
TABLE 232 HEXCEL CORPORATION: DEALS 209
TABLE 233 HEXCEL CORPORATION: EXPANSIONS 210
10.1.3 3A COMPOSITES 212
TABLE 234 3A COMPOSITES: COMPANY OVERVIEW 212
FIGURE 59 3A COMPOSITES: COMPANY SNAPSHOT 213
TABLE 235 3A COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 213
TABLE 236 3A COMPOSITES: PRODUCT LAUNCHES 215
TABLE 237 3A COMPOSITES: DEALS 215
10.1.4 EVONIK INDUSTRIES AG 216
TABLE 238 EVONIK INDUSTRIES AG: COMPANY OVERVIEW 216
FIGURE 60 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT 217
TABLE 239 EVONIK INDUSTRIES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 217
TABLE 240 EVONIK INDUSTRIES AG: PRODUCT LAUNCHES 218
TABLE 241 EVONIK INDUSTRIES AG: EXPANSIONS 218
10.1.5 ARMACELL 220
TABLE 242 ARMACELL: COMPANY OVERVIEW 220
FIGURE 61 ARMACELL: COMPANY SNAPSHOT 221
TABLE 243 ARMACELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED 221
TABLE 244 ARMACELL: PRODUCT LAUNCHES 222
TABLE 245 ARMACELL: DEALS 223
TABLE 246 ARMACELL: EXPANSIONS 223
10.1.6 DIAB GROUP 225
TABLE 247 DIAB GROUP: COMPANY OVERVIEW 225
TABLE 248 DIAB GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 225
TABLE 249 DIAB GROUP: PRODUCT LAUNCHES 227
TABLE 250 DIAB GROUP: DEALS 227
TABLE 251 DIAB GROUP: EXPANSIONS 228
10.1.7 THE GILL CORPORATION 229
TABLE 252 THE GILL CORPORATION: COMPANY OVERVIEW 229
TABLE 253 THE GILL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 229
TABLE 254 THE GILL CORPORATION: PRODUCT LAUNCHES 231
TABLE 255 THE GILL CORPORATION: DEALS 231
10.1.8 EURO-COMPOSITES 233
TABLE 256 EURO-COMPOSITES: COMPANY OVERVIEW 233
TABLE 257 EURO-COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 233
TABLE 258 EURO-COMPOSITES: PRODUCT LAUNCHES 234
10.1.9 CHANGZHOU TIANSHENG NEW MATERIALS CO., LTD. 236
TABLE 259 CHANGZHOU TIANSHENG NEW MATERIALS CO., LTD.: COMPANY OVERVIEW 236
TABLE 260 CHANGZHOU TIANSHENG NEW MATERIALS CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 236
10.1.10 PLASCORE INC. 238
TABLE 261 PLASCORE INC.: COMPANY OVERVIEW 238
TABLE 262 PLASCORE INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 238
10.1.11 TORAY INDUSTRIES, INC. 241
TABLE 263 TORAY INDUSTRIES, INC.: COMPANY OVERVIEW 241
FIGURE 62 TORAY INDUSTRIES, INC.: COMPANY SNAPSHOT 242
TABLE 264 TORAY INDUSTRIES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 242
TABLE 265 TORAY INDUSTRIES, INC.: EXPANSIONS 243
10.1.12 CORELITE 244
TABLE 266 CORELITE: COMPANY OVERVIEW 244
TABLE 267 CORELITE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 244
10.1.13 SICOMIN 246
TABLE 268 SICOMIN: COMPANY OVERVIEW 246
TABLE 269 SICOMIN: PRODUCTS/SOLUTIONS/SERVICES OFFERED 246
10.1.14 I-CORE COMPOSITES 248
TABLE 270 I-CORE COMPOSITES: COMPANY OVERVIEW 248
TABLE 271 I-CORE COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 248
10.1.15 MARICELL CORE COMPOSITES 250
TABLE 272 MARICELL CORE COMPOSITES: COMPANY OVERVIEW 250
TABLE 273 MARICELL CORE COMPOSITES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 250
10.1.16 SHOWA AIRCRAFT INDUSTRY CO., LTD 252
TABLE 274 SHOWA AIRCRAFT INDUSTRY CO., LTD.: COMPANY OVERVIEW 252
TABLE 275 SHOWA AIRCRAFT INDUSTRY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 252
10.1.17 TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD. 254
TABLE 276 TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 254
TABLE 277 TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 254
10.1.18 SAERTEX GMBH & CO.KG 256
TABLE 278 SAERTEX GMBH & CO.KG: COMPANY OVERVIEW 256
TABLE 279 SAERTEX GMBH & CO.KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED 256
TABLE 280 SAERTEX GMBH & CO.KG: PRODUCT LAUNCHES 257
10.2 OTHER PLAYERS 258
10.2.1 RELCORE COMPOSITES INC. 258
TABLE 281 RELCORE COMPOSITES INC.: COMPANY OVERVIEW 258
10.2.2 POLYUMAC USA, LLC 258
TABLE 282 POLYUMAC USA, LLC.: COMPANY OVERVIEW 258
10.2.3 CARBON-CORE CORP. 259
TABLE 283 CARBON-CORE CORP.: COMPANY OVERVIEW 259
10.2.4 TASUNS COMPOSITE TECHNOLOGY CO., LTD 260
TABLE 284 TASUNS COMPOSITE TECHNOLOGY CO., LTD: COMPANY OVERVIEW 260
10.2.5 DONGYING HORIZON COMPOSITE CO., LTD. 261
TABLE 285 DONGYING HORIZON COMPOSITE CO., LTD.: COMPANY OVERVIEW 261
10.2.6 ZHEJIANG YOUWEI NEW MATERIALS CO., LTD. 261
TABLE 286 ZHEJIANG YOUWEI NEW MATERIALS CO., LTD.: COMPANY OVERVIEW 261
10.2.7 NMG EUROPE SRL 262
TABLE 287 NMG EUROPE SRL: COMPANY OVERVIEW 262
10.2.8 NAGOYA CORE CO., LTD. 262
TABLE 288 NAGOYA CORE CO., LTD.: COMPANY OVERVIEW 262
10.2.9 ARGOSY INTERNATIONAL INC. 263
TABLE 289 ARGOSY INTERNATIONAL INC.: COMPANY OVERVIEW 263
10.2.10 ECONCORE 264
TABLE 290 ECONCORE: COMPANY OVERVIEW 264
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
11 APPENDIX 265
11.1 DISCUSSION GUIDE 265
11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 267
11.3 CUSTOMIZATION OPTIONS 269
11.4 RELATED REPORTS 269
11.5 AUTHOR DETAILS 270
Table of Contents
