The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising wind energy demand is expected to drive innovation in core materials manufacturing, propelling the market during the forecast period.

The global core materials market is expected to grow from $1.35 billion in 2022 to $1.53 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The core materials market is expected to grow to $2.48 billion in 2027 at a CAGR of 12.8%.

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Global Core Materials Market Segments Include:

• By Type: Foam, Honeycomb, Wood
• By Distribution Channel: Direct, Indirect
• By End-Use Industry: Wind Energy, Aerospace and Defense, Marine, Automotive, Building and Construction, Medical, Other End-Use Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global core materials market in 2021.

Major Market Players in the core materials market include 3A Composites GmbH, Armacell, Changzhou Tiansheng New Materials Co. Ltd., Diab Core Materials Pvt. Ltd., Euro-Composites, Evonik Industries, Gurit Holding, Hexcel Corporation.

Product innovation is a popular trend in the core materials market. Major market players are focusing on product innovation in order to gain a competitive advantage. SAERTEX GmbH & Co. KG, a German manufacturer of core materials for the production of fiber-reinforced composites, for example, launched the SAERfoam in August 2021, an innovative structural core material with unique properties such as combining 3D glass reinforcement with ultralight foam. Because of its highly adaptable mechanical properties and extremely low weight, SAERfoam can replace traditional core materials such as PVC (Polyvinyl chloride), PET (Polyethylene terephthalate), and balsa. SAERfoam Plus edition and new regular designs SAERfoam 80 and SAERfoam 60 are part of the SAERfoam series. SAERfoam 80 was developed to improve the handling of infusion-molded structures such as boat hulls, decks, and large industrial pieces. SAERfoam 60 mould preservation is particularly focused on resin transfer moulding (RTM).

The Core Materials Global Market Report 2023 provides a core materials market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The core materials market forecast analyzes core materials market size, core materials market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Core materials are substances used in sandwich structures to create lightweight, high-performance products.

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