Global Structural Core Materials Market is expected to grow owing to demand from the wind energy industry throughout the forecast period.
According to TechSci Research report, “Structural Core Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global Structural Core Materials Market is expected to register robust growth of a CAGR of 6.79%, during the forecast period owing to continuous expansion of international trade, there has been significant recent growth, poised to have a positive impact on the global market for structural core materials. The rising demand for lightweight materials in automobiles, aircraft, and marine vessels due to their superior fuel efficiency is expected to be a key driver of market growth. Additionally, the increasing utilization of structural core materials is becoming increasingly vital in transportation, wind energy, aerospace, construction, marine, and other industries. Moreover, leading manufacturers in the market are entering into supply agreements with various end-use industries to ensure their strong foothold in the structural core materials market.
Sustainability is emerging as a crucial consideration in the Wind Energy sector. Manufacturers are actively exploring sustainable core material options that align with the industry’s primary focus on reducing the carbon footprint and environmental impact of wind energy projects. With the ongoing global emphasis on renewable energy, the Wind Energy segment within the Global Structural Core Materials Market is projected to experience significant growth. As wind turbine technology advances and installations continue to expand, the demand for reliable, lightweight, and durable core materials will remain robust. The Wind Energy sector is a key driver of innovation in structural core materials, with ongoing development of new materials that offer improved strength, fatigue resistance, and compatibility with composite resins. Furthermore, as wind turbines increase in size and capacity, core materials must evolve to meet the evolving demands of larger blades.
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The Global Structural Core Materials Market is segmented based on product, skin type, end-use, and region. Based on product, the market is bifurcated into foam, balsa and honeycomb. Based on skin type, the market is bifurcated into gfrp, cfrp, nfrp and others. Based on end-use, the market is bifurcated into aerospace, automotive, wind energy, marine, construction and others. Based on region, the market is further bifurcated into North America, Asia-Pacific, Europe, South America, Middle East & Africa.
Based on skin type, Stainless Steel segment is expected to dominate the market during the forecast period. The demand for stainless steel as a structural core material is propelled by industries seeking high-performance solutions for lightweight structures. Industries such as aerospace, marine, automotive, construction, and renewable energy require materials that offer a combination of strength, weight savings, and resistance to corrosion and harsh environments. Stainless steel cores play a crucial role in aircraft structures, providing strength and rigidity while minimizing weight.
They significantly contribute to the structural integrity of aircraft components, including wings and fuselage sections. In marine applications, stainless steel cores offer resilience against saltwater exposure and harsh conditions, enhancing the durability of boat hulls and decks. Moreover, in wind turbine blades, stainless steel cores bolster the structural integrity of the blades while ensuring resistance to wind, weather, and environmental factors. Additionally, the coefficient of thermal expansion of stainless steel differs from other composite materials, necessitating consideration of thermal stress concerns in certain applications.
Based on end-use, Wind Energy segment is projected to dominate the market throughout the forecast period. Structural core materials are commonly utilized in sandwich structures, where they are bonded to composite skin layers. These core materials enhance the structural integrity of the blade by providing torsional stiffness and bending strength, while simultaneously reducing excessive weight. They play a crucial role in supporting the aerodynamic loads experienced by wind turbine blades. The increased adoption of wind turbines for renewable energy generation is driving the demand for structural core materials in the Wind Energy sector. As countries worldwide transition to cleaner energy sources, the installations of wind energy have witnessed significant growth.
Wind turbine manufacturers are actively seeking materials that offer high strength-to-weight ratios, fatigue resistance, and durability to ensure optimal performance throughout the operational lifespan of the turbine. With the ongoing global focus on renewable energy, the Wind Energy segment, within the Global Structural Core Materials Market, is projected to experience substantial growth. As wind turbine technology continues to advance and installations expand, the demand for reliable, lightweight, and durable core materials will remain strong.
Key market players in the Global Structural Core Materials Market are:-
- DIAB International AB
- Armacell International
- 3A Composites GmbH
- Hexcel Corporation
- Evonik Industries AG
- The Gill Corporation
- Changzhou Tiansheng New Materials Co. Ltd.
- Plascore Incorporated (US)Euro-Composites S.A.
- Schweiter Technologies
- Carbon-Core Corp.
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“Asia Pacific is expected to dominate the market during the forecast period. The rapid urbanization in the Asia Pacific region has resulted in a significant rise in the need for residential and commercial buildings. Construction applications require the utilization of structural core materials, which provide lightweight solutions, ensuring both structural integrity and sustainability. In Asia Pacific, there is a growing momentum towards environmental awareness and sustainability considerations. Industries are actively seeking eco-friendly solutions, making structural core materials with lightweight construction, durability, and reduced environmental impact increasingly appealing.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Structural Core Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product (Foam, Balsa and Honeycomb), By Skin Type (GFRP, CFRP, NFRP and Others), By End-use (Aerospace, Automotive, Wind energy, Marine, Construction and Others), By Region, Competition,” has evaluated the future growth potential of Global Structural Core Materials Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Structural Core Materials Market.
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