Core materials for composites form the fundamental components of sandwich structures that are composed of two strong, stiff, and thin faces, separated by a relatively thick and lightweight core. The core material varies depending on the application. Sandwich structures, when compared to other composite structures, are lightweight (especially metallic), have high toughness, and are low cost.
The core materials for composites market is mainly driven by the growing demand for wind energy and increasing use of composite materials in the aerospace industry. Other factors include emerging application in the automotive industry and enhancing performance-based aspects. However, the factors such as high capital investment and lack of economical manufacturing process to produce large volumes of composites are likely to hinder the growth of the market.
The core materials for composites market is segmented by type into foam cores (PVC foam, polystyrene foam, polyurethane foam, polymethyl methacrylamide foam, SAN copolymer foam, and others) and honeycombs (aluminum honeycomb, nomex honeycomb, thermoplastic honeycomb, wood, balsa, and others). By end-user industry, the market is segmented into automotive, aerospace & defense, wind energy, marine, construction, consumer goods, and others (including electrical & electronics, etc.).
Geographically, the market is segmented into North America, Asia-Pacific, Europe, South America, and the Middle-East & Africa. Asia-Pacific is the largest market for core materials for composites and is likely to be the fastest-growing; owing to the increasing application of composites in the automotive industry, for benefits such as reducing weight, increasing fuel economy, and other performance related aspects.
Opportunities and Market Players
The growing demand for manufacturing innovative products and developing new manufacturing processes, to produce a sandwich structure that can weigh less and perform better, is projected to provide immense opportunities in the developing economies like China, India, and other BRIC nations.
Some of the major companies dominating the market are:
- 3A Composites
- Gurit Holding AG
- Evonik Industries AG
- Armacell International S.A.
- Saertex GmbH & Co.KG
Market analysis for the global core materials for composites market, with region-specific assessments and competition analysis on global and regional scales
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global core materials for composites market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
1.2 Research Methodology
1.3 Market Definition
2. Executive Summary
3. Market Insights
3.1 Market Overview
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Forces Model
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products
3.3.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing Demand from Wind Energy
4.1.2 Increasing Use of Composites in the Aerospace End-Use Industry
4.1.3 Emerging Applications in the Automotive Market
4.1.4 Weight Saving, Fuel Economy and Other Performance Benefits Will Fuel the Growth of Composites
4.2.1 Highly Capital-Intensive Market
4.2.2 Lack of Economical Manufacturing Processes for Bulk Volume Applications
4.3.1 Emergence of PET Foam
4.3.2 Innovations Aimed at Lowering Cost of End Products
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Foam Cores
220.127.116.11 PVC Foam
18.104.22.168 Polystyrene Foam
22.214.171.124 Polyurethane Foam
126.96.36.199 PMMA Foam
188.8.131.52 SAN Co-polymer Foam
184.108.40.206 Other Thermoplastics
220.127.116.11 Aluminum Honeycomb
18.104.22.168 Nomex Honeycomb
22.214.171.124 Thermoplastic Honeycomb
5.2 By End-User
5.2.1 Aerospace & Defense
5.2.4 Wind Energy
5.2.6 Consumer Goods
6. Regional Market Analysis (Market Size, Growth and Forecast)
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Australia & New Zealand
6.1.7 Rest of APAC
6.2.6 Rest of Europe
6.3 North America
6.4 South America
6.4.4 Rest of South America
6.5 The Middle-East & Africa
6.5.1 Saudi Arabia
6.5.4 South Africa
6.5.5 Rest of MEA
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures Collaborations and Agreements
7.3 Market Shares Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles
8.1 Diab International AB
8.2 3A Composites
8.3 Gurit Holding AG
8.4 Changzhou Tiansheng New Materials Co. Ltd
8.5 Armacell International S.A.
8.6 Hexcel Corporation
8.7 Euro-Composites S.A.
8.8 The Gill Corporation
8.9 Plascore Incorporated
8.10 Evonik Industries AG
8.11 Saertex GmbH & Co.KG
8.12 (List Not Exhaustive)