Global Structural Core Materials Market

Category: Services
Sub Category: Other Services
Ad Type: Offered Ads
Price: 291100
Country: India
City: Pune
Active Till 13-Apr-2019
Phone No: +919607065656
Global Structural Core Materials Market
Global Structural Core Materials Market is expected to reach USD 3.37 Billion by 2026 from USD 1.44 Billion in 2016 at a CAGR of 8.9%.

Escalating demand for structural core materials from the wind energy industry, aerospace industry and marine industry is the major factor fuelling the market growth. Structural core materials market is widely used to increase stiffness and reduce the weight of a composite structure. This drives the market for structural core material market. Rapid expansion of the aerospace and automotive industries is boosting the demand for structural core materials.

Global Structural Core Materials Market

Structural core materials market based on type has been segmented into foam, honeycomb and balsa. Foam is expected to be one of the major contributors of the market for structural core materials. It increases strength and stiffness by keeping composite and non-composite structures lightweight.

Structural core materials market based on outer skin type has been segmented into glass fiber reinforced polymer, carbon fiber reinforced polymer, and natural fiber reinforced polymer and others. Glass fiber reinforced polymer segment is expected grow at a high CAGR during the forecast period. This is due to extensive use of glass fiber reinforced polymer in wind turbine blades owing to its properties such as rigidity, high strength-to-weight ratio, corrosion resistivity and good tensile strength.

Structural core materials market based on end-use industry has been segmented into aerospace, wind energy, marine, transportation, construction and others. Wind energy end-use industry is expected to hold one of the largest shares of the markets for structural core materials. This is due to large use of composites for blades of large wind turbines that are made by combining structural core materials.
This ad is published by Maximize Market Research
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