Market Overview:
The global composite core material market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-performance materials across different industries. In addition, the growing awareness about environmental sustainability is also propelling the demand for composite core materials. Based on type, PVC foam is expected to be the fastest-growing segment during the forecast period. This can be attributed to its properties such as low weight, good thermal insulation, and resistance to moisture and chemicals.
Product Definition:
A composite core material is a type of composite that is used to create objects with a high strength-to-weight ratio. It consists of two or more materials that are combined together to form a single object. The purpose of using composite core material is to combine the best properties of each individual material into one cohesive object. This can provide greater strength, stiffness, and lighter weight than if the materials were used separately.
Balsa:
Balsa is a tropical hardwood tree, native to the South American and Caribbean region. The balsa wood consists of thin layers of tissue that are easily separable. It has a distinct aroma when cut or scraped. The outermost layer of the balsawood has an appearance like maple but is much lighter in weight and texture.
Composite core material (CCM) market size was valued at USD 5,500 million in 2015.
PVC Foam:
Polyvinyl Chloride (PVC) foam is a closed-cell, non-resilient material that offers high strength and stiffness. It can be used in various industries including building & construction, automotive, marine and packaging. PVC foam is widely used as an insulating material in the building & construction industry owing to its superior characteristics such as lightweight; resistance to fire; insulation against cold weather; durability and easy installation process among others.
Application Insights:
The manufacturing industry accounted for a major share in 2015 and is expected to continue its dominance over the forecast period. The growth of this application segment can be attributed to increasing demand for composites from various industries, such as automotive, aerospace and defense, marine and rail transportation. Composites are used in the automotive industry owing to their superior mechanical properties (specifically strength-to-weight ratio) when compared with conventional materials such as steel and aluminum. They are also lighter in weight which improves fuel efficiency thus reducing greenhouse gas emissions leading to environmental benefits associated with reduced carbon dioxide emission during production of a vehicle.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising product demand from various end-use industries, such as aerospace & defense, automotive, building & construction, industrial machinery and others.
The regional market is also driven by rapid urbanization and increasing disposable income levels among consumers in emerging economies of China and India. Growing investments in infrastructure development are further anticipated to fuel industry expansion over the coming years.
Europe was estimated at USD X million in 2017 owing to high consumption from applications including renewable energy; automotive; manufacturing industry; building & construction sector.; marine sector.; rail sector.; aerospace sectors.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in the aerospace and defense industries
- Growing demand for composites from the automotive industry as a result of stringent fuel emission norms
- Rising popularity of composite materials in construction and infrastructure projects
- Proliferation of advanced manufacturing technologies that facilitate the production of composites at lower costs
- Growing awareness about the benefits of composite core materials among end users
Scope Of The Report
Report Attributes
Report Details
Report Title
Composite Core Material Market Research Report
By Type
Balsa, PVC Foam, PET Foam, PU Foam, Other
By Application
Renewable Energy, Marine, Building & Construction, Automotive, Rail, Aerospace, Manufacturing Industry, Others
By Companies
Diab, A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Composite Core Material Market Report Segments:
The global Composite Core Material market is segmented on the basis of:
Types
Balsa, PVC Foam, PET Foam, PU Foam, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Renewable Energy, Marine, Building & Construction, Automotive, Rail, Aerospace, Manufacturing Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diab
- A Composite
- Gurit
- Evonik
- CoreLite
- Nomaco
- Polyumac
- Amorim Cork Composites
- Armacell
- General Plastics
- I-Core Composites
Highlights of The Composite Core Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Balsa
- PVC Foam
- PET Foam
- PU Foam
- Other
- By Application:
- Renewable Energy
- Marine
- Building & Construction
- Automotive
- Rail
- Aerospace
- Manufacturing Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Composite Core Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Composite core material is a type of composite material that is made up of two or more different materials. Composite core materials are often used in aircraft and other transportation products because they are strong and lightweight.
Some of the major players in the composite core material market are Diab, A Composite, Gurit, Evonik, CoreLite, Nomaco, Polyumac, Amorim Cork Composites, Armacell, General Plastics, I-Core Composites.
The composite core material market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Composite Core Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Composite Core Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Composite Core Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Composite Core Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Composite Core Material Market Size & Forecast, 2020-2028
4.5.1 Composite Core Material Market Size and Y-o-Y Growth
4.5.2 Composite Core Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Balsa
5.2.2 PVC Foam
5.2.3 PET Foam
5.2.4 PU Foam
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Renewable Energy
6.2.2 Marine
6.2.3 Building & Construction
6.2.4 Automotive
6.2.5 Rail
6.2.6 Aerospace
6.2.7 Manufacturing Industry
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Composite Core Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Composite Core Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Balsa
9.6.2 PVC Foam
9.6.3 PET Foam
9.6.4 PU Foam
9.6.5 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Renewable Energy
9.10.2 Marine
9.10.3 Building & Construction
9.10.4 Automotive
9.10.5 Rail
9.10.6 Aerospace
9.10.7 Manufacturing Industry
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Balsa
10.6.2 PVC Foam
10.6.3 PET Foam
10.6.4 PU Foam
10.6.5 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Renewable Energy
10.10.2 Marine
10.10.3 Building & Construction
10.10.4 Automotive
10.10.5 Rail
10.10.6 Aerospace
10.10.7 Manufacturing Industry
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Balsa
11.6.2 PVC Foam
11.6.3 PET Foam
11.6.4 PU Foam
11.6.5 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Renewable Energy
11.10.2 Marine
11.10.3 Building & Construction
11.10.4 Automotive
11.10.5 Rail
11.10.6 Aerospace
11.10.7 Manufacturing Industry
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Balsa
12.6.2 PVC Foam
12.6.3 PET Foam
12.6.4 PU Foam
12.6.5 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Renewable Energy
12.10.2 Marine
12.10.3 Building & Construction
12.10.4 Automotive
12.10.5 Rail
12.10.6 Aerospace
12.10.7 Manufacturing Industry
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Balsa
13.6.2 PVC Foam
13.6.3 PET Foam
13.6.4 PU Foam
13.6.5 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Renewable Energy
13.10.2 Marine
13.10.3 Building & Construction
13.10.4 Automotive
13.10.5 Rail
13.10.6 Aerospace
13.10.7 Manufacturing Industry
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Composite Core Material Market: Competitive Dashboard
14.2 Global Composite Core Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diab
14.3.2 A Composite
14.3.3 Gurit
14.3.4 Evonik
14.3.5 CoreLite
14.3.6 Nomaco
14.3.7 Polyumac
14.3.8 Amorim Cork Composites
14.3.9 Armacell
14.3.10 General Plastics
14.3.11 I-Core Composites
