Structural Core Materials Market

Structural Core Materials Market Size, Share & Trends Analysis Report

Structural Core Materials Market Size Share Companies & Trends Analysis Report By Type (Foam, Honeycomb, Balsa), By Material Type(CFRP (Carbon Fiber Reinforced Polymer), GFRP (Glass Fiber Reinforced Polymer), NFRP (Natural Fiber Reinforced Polymer)),By End-Users Type(Aerospace, Wind Energy, Automotive, Marine), Based On Region And Segment Forecasts 2022 – 2029

Report ID : BMRC 1526
Number of pages : 300
Published Date : Feb 2023
Category : Chemical And Materials
Delivery Timeline : 48 hrs

Industry Insights-

  • The Global Structural Core Materials Market was valued at USD 2377.6 Million in 2020
  • It is anticipated to reach USD 3632.2 Million by 2027
  • A CAGR of 6.24% is anticipated over the forecast period


Core materials are considered as the extraordinary class of composite materials, regularly having low strength, however higher thickness provides the sandwich composite with high twisting solidness with generally low-density boosting request in different enterprises. The key development variables of the worldwide center materials market are the huge expansion popular for composites from the marine business and the rising utilization of composites in the aerospace, automotive, wind energy, marine, construction, and other industries.

The utilization of the appropriate core material can likewise improve thermal conductivity, sound protection, and imperviousness to fire. Utilizing moderately thin, strong face sheets bonded to thicker, lightweight core materials has permitted the business to make solid, unbending, lightweight, and incredibly tough designs.

Covid-19 Impact-

During Covid-19 pandemic, the government has imposed the restriction on transportation has led to significant drop in core materials market. COVID-19 has negatively impacted the core materials market as reducing production of the core materials and the disturbance in the supply network, longer vacation, lockdown situation, and temporary suspension of wind energy projects which would hamper the production.

Key Players-

Some of the key players for global Structural Core Materials Market are-

  • Diab Group
  • Evonik Industries
  • Gurit Holding
  • Schweiter Technologies
  • Hexcel Corporation
  • Armacell International
  • Changzhou Tiansheng New Materials Co. Ltd.
  • The Gill Corporation
  • Euro-Composites
  • Plascore
  • Rockwell Collins Inc.
  • BASF
  • Verdane
  • Changzhou Tiansheng New Materials Co. Ltd.
  • Maricell S.r.l.
  • others

Segmentation Analysis-

By Type:

  • Foam
  • Honeycomb
  • Balsa

The production of structural core materials relies heavily on the availability of various raw material sources, such as Nomex honeycomb, aluminum honeycomb, balsa wood, and resins. Manufacturers of these products have negotiated long-term contracts with aircraft manufacturers to ensure the supply of panels for their specific needs. Prices of these raw materials, however, can have a significant impact on production costs, making it essential for manufacturers to closely monitor the market prices of these materials.

The honeycomb segment accounted for the highest share. Honeycombs are widely used in applications such as aircraft fuselage and wing construction, boat hulls, and the manufacture of lightweight furniture. Their light weight, strength, and stability make them ideal for use in industries such as aerospace, automotive, and marine engineering. They are also used in insulation, soundproofing, and for the production of composite materials. Honeycomb structures are also used in the construction of art works, and in the creation of decorative patterns.

By Material Type:

  • CFRP (Carbon Fiber Reinforced Polymer)
  • GFRP (Glass Fiber Reinforced Polymer)
  • NFRP (Natural Fiber Reinforced Polymer)
  • Others

Structural core materials provide the structural integrity and stiffness needed for a wide range of applications. They are usually composed of materials such as foam, honeycomb, and balsa wood, among others. These materials provide superior strength and stiffness when compared to traditional materials such as steel, aluminum, and wood. They are also lightweight, durable, and cost effective. Additionally, they are easy to fabricate and can be tailored to meet specific requirements.

Carbon fiber reinforced polymer (CFRP) held the largest market share due to its favorable properties. Carbon fiber has high tensile strength and stiffness, low thermal expansion, and maintains its structural integrity when subjected to a constant force. This makes it more suitable for use than glass and other fibers, which do not possess the same mechanical strength and thermal stability.

Glass fiber reinforced polymer (GFRP) is anticipated to be the fastest-growing skin type segment due to its robustness, light weight, and strong properties. Compared to glass fiber, it is less expensive and sturdier than carbon fiber, making it increasingly popular in composite manufacturing.

By End-Users Type:

  • Aerospace
  • Wind Energy
  • Automotive
  • Marine
  • Others

The aerospace sector is the largest consumer of structural core materials, driven by the continuous rise in air travel between major business hubs. This trend is projected to remain strong during the forecast period, driving the demand for composites and subsequently the market for structural core materials.

Wind energy is projected to be the fastest-expanding sector in the renewable energy sector over the forecast period. This growth is in part due to the increased use of lightweight materials in the production of wind turbine blades. These materials allow for a more efficient manufacturing process and improved quality. Additionally, using lightweight cores in the blades helps to reduce construction times, making wind energy generation more cost-effective. As such, the use of lightweight materials for blades is expected to continue to grow in both traditional and offshore windmills.

By Region:

  • North America

    • U.S.
    • Canada
  • Europe

    • U.K.
    • France
    • Germany
    • Italy
  • Asia Pacific

    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America

    • Brazil
    • Mexico
  • Middle East and Africa

    • GCC
    • Africa
    • Rest of Middle East and Africa

Asia Pacific projected to expected to show a fastest growth in the global structural core materials market due to increasing number of development projects in the field of wind energy and railway. China holds a larger portion of the worldwide wind turbine market, and GWEC estimates that it will grow coastal wind energy by addition of 118 GW of new turbine limit by 2025. This is probably going to create substantial interest for composite materials which build up underlying center materials industry patterns.

The growth in North America structural core materials market is attributable to appeal for honeycomb center materials from the aerospace and wind energy end-use businesses. In U.S., for underlying center materials in the previous five years was more amazing and steadier as compared to the other significant regions. Set up players, like Hexcel Corporation (US) and The Gill Corporation (US) are speeding up their endeavors to build the creation of honeycomb and froth center materials to satisfy the expanding need from airplane and wind blade manufacturers.

Market Drivers-

Growing need for structural core materials in aerospace, automotive, wind energy, marine, construction, and other industries

The major factors driving the growth of global structural core materials market are increasing demand for composites in aerospace industry. Core materials are normally utilized in the composites business to deliver inflexible, yet lightweight, composites items. The utilization of composite materials is a certainly significant development in the avionic business, as these permit designers to conquer the boundaries made by utilizing metals.

Composite materials have been instrumental in weight decrease. They are utilized for every underlying application and parts of both rocket and airplane, from lightweight planes and tourist balloon gondolas to fighter aircraft, space transport, and traveler carriers. Expanding the advancement of composite materials with light-weight and high-temperature obstruction will help in planning elite, economical airplane. In addition, these materials are recognized by their most elevated protection from effect and pressure, high inflexibility rates, low weight, basic formability, and maintainability.

Core materials give ultra-performing composites to basically all marine parts, for example, body bottoms, sides and walls, superstructures, bulkheads, and stringers to transom, floors, and insides. Inferable from the reliable thickness, high humidity resistance, and great actual properties PVC froths are normally utilized center materials in the marine business.

Furthermore, the offshore wind energy market is assessed to observe significant development owing to the developing interest for clean energy and rising spotlight on reduction in carbon emission. Offshore wind energy generation process is renewable from delivering energy by exploiting the force of the wind that is created on the high oceans, where it moves at a lot higher and more reliable speed than it does ashore, because of absence of various barriers.

Market Opportunities-

Supportive government policies can offer more opportunities

Structural core materials are reliable, lesser construction time, high strength and light weight nature and supportive government policies can offer more opportunities for the further growth of the structural core materials market. However, structural core materials have high maintenance cost and more corrosion, thus higher initial cost may hamper the market growth.

Recent Developments-

  • March 2nd, 2021; Composites One finished its acquisition of the cycle materials business from the Solvay composites materials global Business. The obtained business has been rebranded as Aerovac and is a significant manufacturer, designer and provider of interaction materials, tooling and benefits utilized in prepreg handling, vacuum implantation, glass overlay, and other mechanical applications. The securing is an extraordinary chance for the organization to add worldwide manufacturing and deals capacities in specific materials utilized in an assortment of vacuum-helped composite assembling measures. The business has areas in Santa Fe Springs, California; Sumner, Washington; Keighley, UK; Mondovi, Italy and Toulouse, France with a UK-based appropriation business, Med-Lab, which exchanges airplane motor update consumables and fuel testing instruments.
Report Analysis Details
Historical data 2016 - 2021
Forecast Period 2022 - 2029
Market Size in 2020: USD 2377.6 Million
Base year considered 2021
Forecast Period CAGR %:

6.24 %

Market Size Expected in 2027: USD 3632.2 Million
Tables, Charts & Figures: 175
Pages 200
Key Players/Companies Diab Group, Evonik Industries, Gurit Holding, Schweiter Technologies, Hexcel Corporation, Armacell International, Changzhou Tiansheng New Materials Co. Ltd., The Gill Corporation, Euro-Composites, Plascore, Rockwell Collins Inc.; BASF, Verdane, Changzhou Tiansheng New Materials Co. Ltd., Maricell S.r.l., others.
Segments Covered By Type, By Material Type, By End-Users Type
Regional Analysis North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa