Global Core Materials Industry was valued at USD 1.25 Billion in the year 2017. Global Core Materials Industry is further estimated to grow at a CAGR of 8.8% from 2019 to reach USD 2.46 Billion by the year 2025. The utilization of core materials is getting to be urgent in wind vitality, aviation, marine, transportation, development, and different ventures. Moreover, core material producers are consenting to supply arrangements with different end-use ventures to anchor their situation in the core materials Industry for composites. Furthermore, rise in disposable incomes of consumers across countries such as U.S., India, and China has led to rapid expansion of the aerospace and automotive industries, thereby driving the demand for structural core materials.
Global Core Materials Industry Share and Size by 2025 (USD Billion)
Major market players in Core Materials Industry are Diab Group, Hexcel Corporation, 3A Composites, Euro-Composites S.A., Gurit Holding AG, The Gill Corporation and brief overview of 14 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
SWOT Analysis of Core Materials Industry:
Core Materials Industry Segmentation:
By End-Use Industry: