Core Materials Global Market Report 2024

Description

Core Materials Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on core materials market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for core materials? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The core materials market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Foam; Honeycomb; Wood
2) By Distribution Channel: Direct; Indirect
3) By End-Use Industry: Wind Energy; Aerospace and Defense; Marine; Automotive; Building and Construction; Medical; Other End-Use Industries
Companies Mentioned: Schlumberger Ltd.; Baker Hughes Inc.; Halliburton Company; Weatherford International PLC; Gulf Energy SAOC
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Core materials are crucial substances employed in sandwich structures, contributing to the production of lightweight and high-performance products.

The primary types of core materials include foam, honeycomb, and wood. Foam is a material characterized by the entrapment of air bubbles within a solid or liquid matrix. These core materials are distributed through both direct and indirect channels, serving a variety of industries such as wind energy, aerospace, defense, marine, automotive, building and construction, medical, and others.

The core materials market research report is one of a series of new reports from The Business Research Company that provides core materials market statistics, including core materials industry global market size, regional shares, competitors with core materials market share, detailed core materials market segments, market trends, and opportunities, and any further data you may need to thrive in the core materials industry. This core materials market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The core materials market size has grown rapidly in recent years. It will grow from $1.53 billion in 2023 to $1.74 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth observed in the historical period can be attributed to the demand for lightweight materials, adherence to environmental regulations, expansion in the wind energy sector, infrastructure development, and the drive for market competitiveness.

The core materials market size is expected to see rapid growth in the next few years. It will grow to $2.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. The anticipated growth in the forecast period can be attributed to the increasing focus on renewable energy, advancements in composite technologies, the electrification of transportation, a heightened emphasis on infrastructure resilience, the integration of smart building technologies, and the adoption of circular economy practices. Major trends expected in this period include the development of fire-resistant core materials, customization and tailoring of products for specific applications, and the integration of nanotechnology in the industry.

The core materials market is poised for growth, driven by the increasing demand for wind energy as an alternative and environmentally friendly power source. Foam, balsa, and honeycomb core materials are integral in the manufacturing of wind turbine blades, which play a crucial role in harnessing wind energy. With the global renewable energy supply from solar, wind, hydro, geothermal, and ocean sources increasing by nearly 8% in 2022, according to the International Energy Agency (IEA), the demand for wind turbine blades is on the rise. The U.S. power grid's transition from fossil fuels to renewables further reinforces the growth, with renewables expected to surge by approximately 380% from 2022 to 2050. The escalating demand for wind energy positions core materials as a key component in driving market growth.

The surge in demand for electric vehicles (EVs) is another factor propelling the core materials market forward. Core materials, including advanced composites and lightweight foams, are crucial in manufacturing components for electric vehicles such as body panels and interiors. As the global sales of EVs continue to rise, with 2 million electric cars sold globally in the first quarter of 2022, according to the International Energy Agency, core materials become essential in enhancing the energy efficiency and range of electric vehicles. With a projection of approximately 16.5 million electric automobiles on the world's roads by the end of 2021, the increasing demand for EVs is a significant driver for the core materials market.

A key trend in the core materials market is product innovation, with major companies focusing on developing cutting-edge solutions to gain a competitive edge. For instance, SAERTEX GmbH & Co. KG introduced SAERfoam, an innovative structural core material that combines 3D glass reinforcement with ultralight foam. SAERfoam's unique properties, such as adaptability and extremely low weight, position it as a replacement for traditional core materials like PVC, PET, and balsa. Major companies in the market are actively engaged in product developments, introducing ultra-lightweight materials for specific applications. Aerogel Core Ltd. launched ultra-light, low-carbon aerogel insulation materials for aerospace and automotive industries. Developed through graphene-based aerogels, these materials offer soundproofing and heat-shielding properties, contributing to the innovation and development of core materials.

In the landscape of strategic acquisitions, 3A Composites Core Materials acquired Solvay's TegraCore PPSU resin-based foam. This acquisition strengthens 3A's product lineup and supports continued expansion in target markets such as aerospace, maritime, and rail. Solvay, a leading chemical company, has contributed to the development of durable, sustainable, and energy-efficient end products. The acquisition aligns with 3A's strategic goals and reinforces its position in the foam market, emphasizing the importance of strategic partnerships in the core materials industry.

Major companies operating in the core materials market report are Schlumberger Ltd., Baker Hughes Inc., Halliburton Company, Weatherford International PLC, Gulf Energy SAOC, Calfrac Well Services Ltd., Sanjel Energy Services Inc., Nabors Industries Ltd., Trican Well Service Ltd., China Oilfield Services Ltd., Condor Energy Services Ltd., Vallourec SA, Daleel Petroleum LLC, National Energy Services Reunited Corp., China Oilfield Service Limited, C&J Energy Services Inc., China Well Cementing Services Limited, National Oilwell Varco Inc., Sledgehammer Oil Tools Pvt. Ltd., Crimson Oil Tools Pvt. Ltd., Wilco Machine & Fab Inc., Wellcare Oil Tools Services LLC, Welltec A/S, Volant Products Inc., Pioneer Energy Services Corp., Magnum Cementing Services Operations Ltd., Gulf Coast Cement shell Inc., Cementing Solutions Inc.

Asia-Pacific was the largest region in the core materials market share in 2023. The regions covered in the core materials market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the core materials market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The core materials market consists of sales of polyvinyl chloride foam, urethane foam, non-woven core fabrics, and balsa wood. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r12590

1. Executive Summary

2. Core Materials Market Characteristics

3. Core Materials Market Trends And Strategies

4. Core Materials Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Core Materials Market Size and Growth

5.1. Global Core Materials Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Core Materials Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Core Materials Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Core Materials Market Segmentation

6.1. Global Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Foam
Honeycomb
Wood
6.2. Global Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Direct
Indirect
6.3. Global Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Wind Energy
Aerospace and Defense
Marine
Automotive
Building and Construction
Medical
Other End-Use Industries

7. Core Materials Market Regional And Country Analysis

7.1. Global Core Materials Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Core Materials Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Core Materials Market

8.1. Asia-Pacific Core Materials Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Core Materials Market

9.1. China Core Materials Market Overview
9.2. China Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Core Materials Market

10.1. India Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Core Materials Market

11.1. Japan Core Materials Market Overview
11.2. Japan Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Core Materials Market

12.1. Australia Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Core Materials Market

13.1. Indonesia Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Core Materials Market

14.1. South Korea Core Materials Market Overview
14.2. South Korea Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Core Materials Market

15.1. Western Europe Core Materials Market Overview
15.2. Western Europe Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Core Materials Market

16.1. UK Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Core Materials Market

17.1. Germany Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Core Materials Market

18.1. France Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Core Materials Market

19.1. Italy Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Core Materials Market

20.1. Spain Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Core Materials Market

21.1. Eastern Europe Core Materials Market Overview
21.2. Eastern Europe Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Core Materials Market

22.1. Russia Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Core Materials Market

23.1. North America Core Materials Market Overview
23.2. North America Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Core Materials Market

24.1. USA Core Materials Market Overview
24.2. USA Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Core Materials Market

25.1. Canada Core Materials Market Overview
25.2. Canada Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Core Materials Market

26.1. South America Core Materials Market Overview
26.2. South America Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Core Materials Market

27.1. Brazil Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Core Materials Market

28.1. Middle East Core Materials Market Overview
28.2. Middle East Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Core Materials Market

29.1. Africa Core Materials Market Overview
29.2. Africa Core Materials Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Core Materials Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Core Materials Market, Segmentation By End Use Industry, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Core Materials Market Competitive Landscape And Company Profiles

30.1. Core Materials Market Competitive Landscape
30.2. Core Materials Market Company Profiles
- 30.2.1. Schlumberger Ltd.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Baker Hughes Inc.
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Halliburton Company
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Weatherford International plc
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Gulf Energy SAOC
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Core Materials Market Competitive Benchmarking

32. Global Core Materials Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Core Materials Market

34. Core Materials Market Future Outlook and Potential Analysis

34.1 Core Materials Market In 2028 - Countries Offering Most New Opportunities
34.2 Core Materials Market In 2028 - Segments Offering Most New Opportunities
34.3 Core Materials Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer