Structural Core Materials Market Size

SkyQuest Technology's Structural core materials market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Structural Core Materials Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Structural Core Materials Market Insights

Global Structural Core Materials Market size was valued at USD 2.8 billion in 2023 and is poised to grow from USD 2.99 billion in 2024 to USD 5.02 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032). 

Continuously growing prevalence of wind energy industry and an extensive growth in consumer disposable income especially in developing economies such as China, India, and Indonesia are the key factors propelling the growth of the global structural core materials market during the forecast period. Moreover, some major players of the market are focusing on enhancing product quality and engaging research & development investments in structural core materials market for improving their market reach and application scope to be ahead in the market competition.

Furthermore, technological advancements and rising innovations such as heated press method and vacuum bag processing have led to the growing discovery of creative manufacturing process for honeycombs. High use and storage of various types of core material products like aluminum honeycomb, Nomex honeycomb, carbon fiber, and balsa wood, is likely to have a positive impact on the growth of the global structural core materials market over the forecast period.

US Structural Core Materials Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Structural Core Materials Market size was valued at USD 2.8 billion in 2023 and is poised to grow from USD 2.99 billion in 2024 to USD 5.02 billion by 2032, growing at a CAGR of 6.7% during the forecast period (2025-2032). 

The global structural core materials market is fairly fragmented with the presence of many established international and regional companies operating around the globe. The key companies of the market are focusing on implementation of several business developing strategies such as strategic alliances, partnerships, collaborations, technology development, and new product launches to cater the rising consumer demand and strengthen their market position ahead of their competitors. 'DIAB International AB (Sweden) ', 'Gurit (Switzerland) ', 'Hexcel Corporation (US) ', 'Evonik Industries AG (Germany) ', 'The Gill Corporation (US) ', 'Changzhou Tiansheng New Materials Co. Ltd. (China) ', 'Plascore Incorporated (US) ', 'Euro-Composites S.A. (Luxembourg) ', 'Henkel AG & Co. KGaA (Germany) ', 'Carbon-Core Corp. (US) ', 'CoreLite Inc. (US) ', 'Polycarbon Industries (Israel) ', 'Janicki Industries (US) ', 'Owens Corning (US) ', 'Solvay (Belgium) '

Rising Adoption of Structural Core Material across Various Industries

Rising Popularity among Automobile Manufacturers

Globally, North America dominated the structural core materials market with a holding of healthy market share in 2021 and is set to continue this dominance over the forecast period. High growth in construction sector, wing energy, and automotive industries especially in countries like the United States and Canada is projected to be the major factors driving the growth of the market in the region. Additionally, large presence of key market players including Hexcel Corporation and The Gill Corporation is also contributing significantly to the growth of the market over the coming years.

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Global Structural Core Materials Market
Structural Core Materials Market

Report ID: SQMIG15J2061

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