ALL >> Business >> View Article
Lucintel Forecasts Core Material Market To Reach $2 Billion By 2028
![Profile Picture](https://www.123articleonline.com/images/avatar-default.jpg)
According to the recent study the core material market is projected to reach an estimated $2 billion by 2028 from $1 billion in 2022, at a CAGR of 8.6% from 2022 to 2028. Growth in this market is primarily driven by increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.
Browse 107 figures/charts and 82 tables in this 212-page report to understand trends, opportunities and forecast in core material market by end use (wind energy, marine, construction, aerospace and defense, transportation, and others), product type (balsa core, honeycomb, and foam core) and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Wind energy market is expected to remain the largest segment during the forecast period.”
Based on end use, the core material market is segmented into wind energy, marine, construction, aerospace and defense, transportation, and others. Lucintel forecasts that the wind energy market is expected to remain the largest segment due to increase in the diameter of rotors is driving the demand for core materials in this industry.
...
... “Within the core material market, the foam core segment is expected to remain the largest product type.”
Based on product type the foam core segment is expected to witness the highest growth over the forecast period due to its superior mechanical properties.
Download sample by clicking on core material market
“Asia pacific will dominate the core material market in near future.”
Asia Pacific is expected to remain the largest market over the forecast period due to rising demand from electronics and defense industries, growth in the end uses and increasing focus on high performance core material. Europe is expected to witness the highest growth rate over the forecast period.
Major players of core material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. DIAB, Gurit, 3A Composites, Armacell, Hexcel Corporation, The Gill Corporation, and Euro Composites are among the major core material providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
Explore Our Latest Publications
Magnetic Bead Market in Canada
Non-Metallurgical Alumina Market in Canada
Polished Concrete Market in Canada
Porous Ceramic Market in Canada
Synthetic Diamond Market in Canada
Pyroxenite Market in Canada
Add Comment
Business Articles
1. Lawnmower Engines: Some Of The Basics In Understanding How They Work And How To Maintain Them In Chatham-kentAuthor: Denny Hawk
2. Keep Your Chainsaw Running Smoothly: Chatham-kent’s Leading Chainsaw Parts Repair Service
Author: Denny Hawk
3. Enhance Your Brand Visibility With Expert Signage Solutions In Auckland
Author: Tinting Experts
4. Driveworks Support - Design And Automation Services
Author: Design Automations
5. Professional Driveworks Training Course - Design Automation
Author: Design Automations
6. Driveworks Implementation Services - Design And Automation
Author: Design Automations
7. Why Kitchener Businesses Need Mobile Optimization For Seo Wins
Author: Vishal Sharma
8. Local Seo For London Businesses
Author: Mandreel
9. Navigating The Competitive Seo Landscape In London
Author: Mandreel
10. Miami Seo Company Solutions Designed To Grow Your Business
Author: Mandreel
11. The Power Of Miami Seo: How To Dominate Your Local Market
Author: Mandreel
12. Local Seo Strategies For Small Businesses In Toronto
Author: Mandreel
13. The Rise Of Tech Startups And The Role Of An Seo Agency In Toronto
Author: Mandreel
14. Emerging Trends In Ppc Advertising
Author: Mandreel
15. Ppc Management Strategies For Small Businesses In The Uk
Author: Mandreel