Global Core Materials Market is accounted for $1.07 billion in 2019 and is expected to reach $3.40 billion by 2027 growing at a CAGR of 15.5% during the forecast period. Increasing use of composites in the aerospace industry and increasing demand from the wind energy are the major factors propelling the market growth.
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By geography, Asia Pacific is likely to have a huge demand owing to the improved wind energy installation and increased transportation sector in the China. Moreover, the growing economies of China and India, and the presence of prominent players is expected to drive the market growth.
Some of the key players profiled in the Core Materials Market include Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd, DIAB Group, Euro-Composites S.A., Evonik Industries, Gurit Holdings, Hexcel Corporation, Plascore Inc., The Gill Corporation, 3A Composites, Engineered Syntactic Systems, Schweiter Technologies, and SAERTEX.
Types Covered in Core Materials Market
• Balsa
• Foam
• Honeycomb
End Users Covered:
• Aerospace & Defense
• Automotive & Transportation
• Construction
• Industrial
• Marine & Consumer Goods
• Wind Energy
• Other End Users
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