DUBLIN, April 13, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/gnw52j/core_materials) has announced the addition of the "Core Materials Market for Composites by Type, By End-User Industries & Region - Trends & Forecast to 2020" report to their offering.
The core material market is expected to grow at a CAGR of 8.5% to reach $1.5 Billion by 2020
The core materials market, along with its various types and application, has witnessed a considerable growth in the recent years and this growth is projected to persist in the coming years. Foam is the most widely consumed type of core material, with Honeycomb being followed to it. The demand for foam is led by wind and marine industry. North America is the biggest consumer of core materials, and U.S. is at the forefront in terms of volumetric consumption of core materials in the region.
Due to the growth in the aerospace industry, honeycomb core material has witnessed sustainable growth over the last few years. Honeycomb Core materials are being mostly used in aircraft manufacturing. The wind power industry especially in USA suffered decline in 2013 due to the delay in renewal of PTC (production tax credit) policy, but the market recovered and bounced back by the end of 2014. The U.S. Marine industry also observed a downturn in 2009 due to global recession, however, the market recovered by 2012 and is estimated to grow in the coming future, helping the core material market to grow. Asia-Pacific market for foam is estimated to grow due to the rise in the wind industry. China being the leader in the Asia-Pacific wind industry, it is expected to hold major share for the growth of core materials.
Some of the key players in the core materials market include Diab Group AB (Sweden), 3 A Composites (Switzerland), Hexcel Corporation (U.S.), Euro-Composites (Luxembourg), Gurit Holding AG (Switzerland), and others.
This report covers the core materials market by various regions and major countries in each region. It also provides a detailed segmentation of the core material market on the basis of major types, application and region, along with its projection till 2020.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Core Materials Market, By Type
8 Core Materials Market, By End-User Industry
9 Core Materials Market, By Region
10 Competitive Landscape
11 Company Profiles
- 3A Composites
- Armacell International S.A.
- Changzhou Tiansheng New Materials Co. Ltd.
- DIAB Group (RATOS)
- Euro-Comopsites S.A
- Evonik Industries AG
- Gurit Holding AG
- Hexcel Corporation
- Plascore Incorporated
- the Gill Corporation
For more information visit http://www.researchandmarkets.com/research/gnw52j/core_materials
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets