Structural core material are crucial elements in industries such as aerospace, automotive, wind energy, and construction. The global structural core materials market is expected to expand steadily due to increasing demand for lightweight and high-strength materials. Furthermore, fuel-efficient and low-emission vehicles will continue driving this growth over the forecast period.

According to Market.us’ report, “the Structural Core Material Market was valued at USD 2.41 billion in 2022 and is projected to reach a value of USD 5.8 billion by 2032 with an expected compound annual growth rate (CAGR) of 9.1%.”

Structural Core Materials Market Size

One of the latest trends in the structural core materials market is an increasing reliance on recycled and sustainable materials. Manufacturers are now striving to develop eco-friendly products that reduce carbon footprint and minimize environmental damage.

Another trend seen in the structural core materials market is the development of innovative products, such as honeycomb structures and foam cores that boast superior mechanical properties.

Furthermore, advanced technologies like automation and digitalization are driving demand within this sector.

Integration of these technologies can reduce production time and boost product quality, thus improving the efficiency of the manufacturing process.

Furthermore, 3D printing in structural core material production leads to faster and more efficient production processes.

Anurag Sharma, a senior research analyst at Market.us, said that “The primary factors driving growth in the structural core materials market include an increasing demand for lightweight materials, the expanding construction industry, increasing wind energy demand, and expansion within aerospace.”

The demand for lightweight materials is increasing in response to the need for fuel-efficient and low-emission vehicles.

The construction industry’s growth is being spurred on by an escalating need for eco-friendly and sustainable building materials.

The rising demand for wind energy is driven by a need for clean energy solutions.

Finally, the aerospace industry continues to experience explosive growth due to the increasing need for lightweight and high-strength materials.

However, one potential restraint on growth in the structural core materials market could be high raw material costs.

Production of advanced structural core materials necessitates using superior and costly raw materials, potentially increasing production expenses.

Another factor fueling the growth of the structural core materials market is the increasing application of composites in automotive applications.

Composite materials, composed of two or more different materials, are becoming more and more common in automotive parts such as hoods, doors, and fenders.

Composites offer several advantages over their metal-only counterparts: lightweight design; high strength; and outstanding longevity.

The structural core materials market can be segmented based on material type, end-use industry, and region.

By material type, it may be broken down into foam, honeycomb, and balsa.

On the basis of the end-use industry, the market can be divided into aerospace, automotive, wind energy, construction, and others.

Key players operating in the global structural core materials market include Gurit Holding AG, Diab International AB, 3A Composites, The Gill Corporation, Hexcel Corporation, Schweiter Technologies, Evonik Industries, Armacell International S.A. and Euro-Composites S.A.

Recently, Gurit Holding AG – a leader in composite materials – announced the acquisition of PH Wind solutions, a Dutch-based company that specializes in blade mold development and manufacture for wind turbine blades.

Gurit’s acquisition will enable them to expand its presence in the wind energy sector.

3A Composites recently unveiled AIREX T92, a lightweight closed-cell and recyclable foam core with excellent mechanical properties. This foam core offers improved operational flexibility as well as greater sustainability over its lifespan.

Regionally, Asia Pacific is expected to experience the highest growth in the structural core materials market.

The growing demand for lightweight and high-strength materials in the automotive and aerospace industries, along with the expansion of construction activities across the Asia Pacific, are driving market expansion.

Ketan Mahajan

Hey! I am Ketan, working as a DME/SEO having 5+ Years of experience in this field leads to building new strategies and creating better results. I am always ready to contribute knowledge and that sounds more interesting when it comes to positive/negative outcomes.


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Structural Core Materials