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Core Materials Market Worth $2.3 Billion By 2025 | MarketsandMarkets | New Update

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Updated on Jun 23, 2021

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The report "Core Materials Market by Type (Foam, Honeycomb, and Balsa), End-use Industry (Wind Energy, Aerospace & Defense, Marine, Automotive & Transportation, Construction, and Industrial), and Region - Global Forecast to 2025", MarketsandMarkets: The global core materials market size is projected to reach USD 2.3 billion by 2025, at a CAGR of 13.5%, during the forecast period.

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Browse 116 market data Tables and 44 Figures spread through 151 Pages and in-depth TOC on "Core Materials Market by Type (Foam, Honeycomb, and Balsa), End-use Industry (Wind Energy, Aerospace & Defense, Marine, Automotive & Transportation, Construction, and Industrial), and Region - Global Forecast to 2025"

APAC to account for the largest market share in the core materials market during the forecast period.

APAC was the largest core materials market, in terms of value, in 2019. The demand for these core materials in wind energy, aerospace & defense, marine, and other industries is projected to improve due to product innovation and technological advances made in this sector. The growing wind energy installations in the region is a major growth factor. These factors drive the demand for core materials during the forecast period.

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The key players in the market include 3A Composites (Switzerland), Diab Group (Sweden), Gurit (Switzerland), Hexcel Corporation (US), Armacell International S.A. (Luxembourg), Euro-Composites S.A. (Luxembourg), and Changzhou Tiansheng New Materials Co. Ltd. (China). These companies are involved in adopting various inorganic and organic strategies to increase their foothold in the core materials market.

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