Structural Core Materials Market By Size, Share and Forecast 2029F

Summary

Report Description

Forecast Period	2025-2029
Market Size (2023)	USD 1.24 billion
CAGR (2024-2029)	4.47%
Fastest Growing Segment	CFRP
Largest Market	Asia Pacific
Market Size (2029)	USD 1.59 billion

Market Overview

Global Structural Core Materials Market was valued at USD 1.24 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 4.47% through 2029. The Global Structural Core Materials Market is a dynamic sector pivotal in numerous industries, including aerospace, automotive, wind energy, marine, and construction. These materials serve as the foundational support in composite structures, providing strength, stiffness, and durability while minimizing weight.

The market is characterized by intense competition and continuous innovation as companies strive to develop advanced core materials with enhanced properties and cost-effectiveness. As industries continue to prioritize lightweight and sustainable solutions, the structural core materials market is expected to witness further expansion and innovation in the coming years.

Key Market Drivers

Growing Demand of Structural Core Materials in Automotive Industry

With tightening emissions regulations and increasing consumer demand for fuel-efficient vehicles, automakers are under pressure to reduce vehicle weight without compromising structural integrity or safety. Structural core materials offer a lightweight solution for automotive components such as body panels, interior trim, and chassis reinforcements. By replacing traditional materials like metal and solid plastic, structural core materials contribute to significant weight savings, thereby improving fuel efficiency and reducing greenhouse gas emissions.

Structural core materials exhibit excellent mechanical properties, including high strength-to-weight ratio, stiffness, and impact resistance. These properties make them ideal for use in automotive applications where structural integrity and durability are essential. Components reinforced with structural core materials can withstand harsh operating conditions, vibrations, and dynamic loads, resulting in improved performance and longevity of automotive systems.

Automotive manufacturers are increasingly focused on improving the comfort and driving experience for passengers by minimizing noise, vibration, and harshness (NVH) levels within the vehicle cabin. Structural core materials act as effective vibration dampeners and acoustic insulators, reducing NVH transmission and enhancing interior comfort. By incorporating structural core materials into vehicle components such as door panels, headliners, and floor assemblies, automakers can achieve quieter and more refined driving environments.

Growing Demand of Structural Core Materials in Construction Industry

The burgeoning demand for structural core materials in the construction industry is emerging as a significant driver propelling the growth of the global structural core materials market. These materials, crucial for enhancing the structural integrity and performance of various construction projects, are witnessing heightened utilization owing to several key factors.

The escalating need for high-performance materials capable of withstanding diverse environmental conditions is fueling the demand for structural core materials. These materials exhibit exceptional durability, resilience, and resistance to corrosion, making them ideal for use in challenging environments such as coastal areas or regions prone to seismic activity.

The growing trend of modular and prefabricated construction techniques is driving the adoption of structural core materials. These materials facilitate faster construction processes, reduce labor costs, and enhance project efficiency, thereby appealing to construction companies seeking to streamline their operations and meet tight project deadlines.

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Key Market Challenges

Volatility in Price of Raw Materials

Volatility in the price of raw materials presents a significant challenge for the global structural core materials market. The fluctuating prices of raw materials used in manufacturing these core materials can have profound impacts on production costs, supply chain stability, and overall profitability.

Disruptions in the supply chain, such as natural disasters, trade conflicts, or transportation bottlenecks, can lead to shortages or disruptions in the availability of raw materials. These disruptions can cause sudden spikes in prices as demand outstrips supply.

Changes in exchange rates can influence the cost of importing raw materials, especially for materials sourced internationally. Currency fluctuations can introduce additional uncertainty into pricing strategies and procurement decisions.

Key Market Trends

Growing Demand of Structural Core Materials in Manufacturing of Sports Equipments

Structural core materials provide superior strength-to-weight ratios and stiffness compared to traditional materials like wood or metals. This allows sports equipment manufacturers to design products that are lighter, more durable, and better performing, enhancing the overall experience for athletes and enthusiasts.

The versatility of structural core materials enables manufacturers to create highly customized and innovative designs that optimize performance characteristics such as aerodynamics, vibration damping, and energy transfer. This allows for the development of high-performance sports equipment tailored to the specific needs and preferences of athletes.

Lightweight construction is a key requirement in many sports, where reducing equipment weight can improve agility, speed, and maneuverability. Structural core materials offer significant weight savings without compromising strength or structural integrity, making them ideal for applications where minimizing mass is critical.

Segmental Insights

Outer Skin Type Insights

Based on the category of outer skin type, the CFRP emerged as the fastest growing segment in the global market for structural core materials in 2023. CFRP exhibits high stiffness and rigidity, providing excellent structural integrity and resistance to deformation under load. This property allows CFRP to withstand high stresses and maintain dimensional stability, making it suitable for applications requiring precise tolerances and performance consistency.

Advances in manufacturing processes, automation, and material sourcing have led to cost reductions in CFRP production, making it more economically competitive compared to traditional materials in certain applications. As production volumes increase and economies of scale are realized, the cost gap between CFRP and other materials is expected to further narrow, driving greater adoption across various industries.

Type Insights

The honeycomb segment is projected to dominate the market during the forecast period. Honeycomb structures exhibit excellent mechanical properties, including stiffness, rigidity, and impact resistance. These properties make them suitable for use in structural applications where load-bearing capacity and durability are critical. Honeycomb cores provide structural reinforcement to composite materials, enhancing their overall strength and performance in diverse environments and operating conditions.

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Regional Insights

Asia Pacific emerged as the dominant player in the Global Structural Core Materials Market in 2023, holding the largest market share in terms of both value and volume. Asia-Pacific is experiencing unprecedented rates of urbanization, with millions of people migrating from rural areas to cities each year. This demographic shift has led to a surge in construction activities, including the development of residential complexes, commercial buildings, industrial facilities, and infrastructure projects such as roads, bridges, and airports. There is a substantial demand for structural core materials to support these construction projects.

Recent Development

In January 2024, Heidelberg Materials unveiled its latest international product line, evoBuild, aimed at offering low-carbon and circular products on a global scale. These products stand out for their strong sustainability features, and each item undergoes rigorous assessment to qualify for inclusion in the lineup. As a pioneer in the heavy building materials sector, Heidelberg Materials is leading the way by implementing universally recognized standards to identify sustainable products. All regions where the company operates will progressively incorporate their sustainable offerings into the evoBuild collection.

Key Market Players

Diab Americas LP
Evonik Industries AG.
Gurit Services AG
SCHWEITER TECHNOLOGIES AG
Hexcel Corporation
Armacell International S.A.
Changzhou Tiansheng New Materials Co. Ltd.
The Gill Corporation
BASF SE
Plascore, Inc

By Outer Skin Type	By Type	By End-User Industry	By Region
GFRP CFRP NFRP Others	Foam Honeycomb Balsa	Aerospace Wind Energy Marine Transportation Construction Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Structural Core Materials Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Structural Core Materials Market, By Outer Skin Type :

o GFRP

o CFRP

o NFRP

o Others

Structural Core Materials Market, By Type:

o Foam

o Honeycomb

o Balsa

Structural Core Materials Market, By End-User Industry :

o Aerospace

o Wind Energy

o Marine

o Transportation

o Construction

o Others

Structural Core Materials Market, By Region:

o North America

§ United States

§ Canada

§ Mexico

o Europe

§ France

§ United Kingdom

§ Italy

§ Germany

§ Spain

o Asia Pacific

§ China

§ India

§ Japan

§ Australia

§ South Korea

o South America

§ Brazil

§ Argentina

§ Colombia

o Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Structural Core Materials Market.

Available Customizations:

Global Structural Core Materials Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Structural Core Materials Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Impact of COVID-19 on Global Market

5. Global Structural Core Materials Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Outer Skin Type (GFRP, CFRP, NFRP, Others)

5.2.2. By Type (Foam, Honeycomb, Balsa)

5.2.3. By End-User Industry (Aerospace, Wind Energy, Marine, Transportation, Construction, Others)

5.2.4. By Region

5.2.5. By Company (2023)

5.3. Market Map

6. Asia Pacific Structural Core Materials Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Outer Skin Type

6.2.2. By Type

6.2.3. By End-User Industry

6.2.4. By Country

6.3. Asia Pacific: Country Analysis

6.3.1. China Structural Core Materials Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value & Volume

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Outer Skin Type

6.3.1.2.2. By Type

6.3.1.2.3. By End-User Industry

6.3.2. India Structural Core Materials Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value & Volume

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Outer Skin Type

6.3.2.2.2. By Type

6.3.2.2.3. By End-User Industry

6.3.3. Australia Structural Core Materials Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value & Volume

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Outer Skin Type

6.3.3.2.2. By Type

6.3.3.2.3. By End-User Industry

6.3.4. Japan Structural Core Materials Market Outlook

6.3.4.1. Market Size & Forecast

6.3.4.1.1. By Value & Volume

6.3.4.2. Market Share & Forecast

6.3.4.2.1. By Outer Skin Type

6.3.4.2.2. By Type

6.3.4.2.3. By End-User Industry

6.3.5. South Korea Structural Core Materials Market Outlook

6.3.5.1. Market Size & Forecast

6.3.5.1.1. By Value & Volume

6.3.5.2. Market Share & Forecast

6.3.5.2.1. By Outer Skin Type

6.3.5.2.2. By Type

6.3.5.2.3. By End-User Industry

7. Europe Structural Core Materials Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value & Volume

7.2. Market Share & Forecast

7.2.1. By Outer Skin Type

7.2.2. By Type

7.2.3. By End-User Industry

7.2.4. By Country

7.3. Europe: Country Analysis

7.3.1. France Structural Core Materials Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value & Volume

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Outer Skin Type

7.3.1.2.2. By Type

7.3.1.2.3. By End-User Industry

7.3.2. Germany Structural Core Materials Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value & Volume

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Outer Skin Type

7.3.2.2.2. By Type

7.3.2.2.3. By End-User Industry

7.3.3. Spain Structural Core Materials Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value & Volume

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Outer Skin Type

7.3.3.2.2. By Type

7.3.3.2.3. By End-User Industry

7.3.4. Italy Structural Core Materials Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value & Volume

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Outer Skin Type

7.3.4.2.2. By Type

7.3.4.2.3. By End-User Industry

7.3.5. United Kingdom Structural Core Materials Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value & Volume

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Outer Skin Type

7.3.5.2.2. By Type

7.3.5.2.3. By End-User Industry

8. North America Structural Core Materials Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value & Volume

8.2. Market Share & Forecast

8.2.1. By Outer Skin Type

8.2.2. By Type

8.2.3. By End-User Industry

8.2.4. By Country

8.3. North America: Country Analysis

8.3.1. United States Structural Core Materials Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value & Volume

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Outer Skin Type

8.3.1.2.2. By Type

8.3.1.2.3. By End-User Industry

8.3.2. Mexico Structural Core Materials Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value & Volume

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Outer Skin Type

8.3.2.2.2. By Type

8.3.2.2.3. By End-User Industry

8.3.3. Canada Structural Core Materials Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value & Volume

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Outer Skin Type

8.3.3.2.2. By Type

8.3.3.2.3. By End-User Industry

9. South America Structural Core Materials Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value & Volume

9.2. Market Share & Forecast

9.2.1. By Outer Skin Type

9.2.2. By Type

9.2.3. By End-User Industry

9.2.4. By Country

9.3. South America: Country Analysis

9.3.1. Brazil Structural Core Materials Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value & Volume

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Outer Skin Type

9.3.1.2.2. By Type

9.3.1.2.3. By End-User Industry

9.3.2. Argentina Structural Core Materials Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value & Volume

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Outer Skin Type

9.3.2.2.2. By Type

9.3.2.2.3. By End-User Industry

9.3.3. Colombia Structural Core Materials Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value & Volume

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Outer Skin Type

9.3.3.2.2. By Type

9.3.3.2.3. By End-User Industry

10. Middle East and Africa Structural Core Materials Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value & Volume

10.2. Market Share & Forecast

10.2.1. By Outer Skin Type

10.2.2. By Type

10.2.3. By End-User Industry

10.2.4. By Country

10.3. MEA: Country Analysis

10.3.1. South Africa Structural Core Materials Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value & Volume

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Outer Skin Type

10.3.1.2.2. By Type

10.3.1.2.3. By End-User Industry

10.3.2. Saudi Arabia Structural Core Materials Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value & Volume

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Outer Skin Type

10.3.2.2.2. By Type

10.3.2.2.3. By End-User Industry

10.3.3. UAE Structural Core Materials Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value & Volume

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Outer Skin Type

10.3.3.2.2. By Type

10.3.3.2.3. By End-User Industry

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Recent Developments

12.2. Product Launches

12.3. Mergers & Acquisitions

13. Global Structural Core Materials Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Product

15. PESTLE Analysis

16. Competitive Landscape

16.1. Diab Americas LP

16.1.1. Business Overview

16.1.2. Company Snapshot

16.1.3. Products & Services

16.1.4. Financials (As Reported)

16.1.5. Recent Developments

16.2. Evonik Industries AG.

16.3. Gurit Services AG

16.4. SCHWEITER TECHNOLOGIES AG

16.5. Hexcel Corporation

16.6. Armacell International S.A.

16.7. Changzhou Tiansheng New Materials Co. Ltd.

16.8. The Gill Corporation

16.9. BASF SE

16.10. Plascore, Inc

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

What is the market size of the Global Structural Core Materials Market in 2023?

The market size of the Global Structural Core Materials Market is estimated to be USD 1.24 billion in 2023.

Which was the fastest growing segment by outer skin type in the Global Structural Core Materials Market in 2023?

The CFRP segment demonstrated significant growth in 2023. This can be attributed to the unique combination of properties offered by CFRP, including high strength-to-weight ratio, stiffness, corrosion resistance, fatigue resistance, cost competitiveness.

Which is the dominant region in the Global Structural Core Materials Market?

Asia Pacific dominated the market with a revenue share in 2023. This can be attributed to the combination of rapid urbanization, booming construction industry, infrastructure investments, manufacturing prowess, and technological innovation.

What are the major drivers for the Global Structural Core Materials Market?

Growing demand of structural core materials in automotive and construction industries are the major drivers for the Global Structural Core Materials Market.

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Press Release

Structural Core Materials Market to Grow with a CAGR of 4.47% Globally through 2029

Apr, 2024

Growing demand of structural core materials in marine industry is expected to drive the Global Structural Core Materials Market growth in the forecast period, 2025-2029.

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