High-Performance Structural Core Materials Market Size, Impacted by COVID-19, to Reach US$ 108 Million in 2026, Says Stratview Research

DETROIT, Feb. 10, 2021 /PRNewswire/ -- Stratview Research announces the launch of a new research report on High-Performance Structural Core Materials Market by Materials Type (PMI, PESU, PEI, and PPSU), by End-use Industry (Aerospace & Defense, Ground Transportation, Wind Energy, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026.

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's high-performance structural core material's market realities and future market possibilities for the forecast period of 2021 to 2026. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for aramid fibers at the global, regional, as well as country level. Also, the report provides the possible loss that the industry will register by comparing pre-COVID and post-COVID scenarios. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as formulate growth strategies.

High-Performance Structural Core Materials Market: Highlights from the Report

High-performance structural core materials are used in several end-use industries with aerospace & defense and wind energy being the key demand generators. The impact of COVID-19 differs from industry to industry with aerospace & defense being the most adversely affected market segment. On one hand, some end-use industries, such as aerospace & defense and ground transportation, have experienced colossal declines, on the other hand, wind energy remained untouched and rather experiencing impressive growth in 2020.

The high-performance structural core materials market consecutively registered healthy growth over the trend period (2015-2019) but recorded a hefty decline in 2020 in the wake of the pandemic. The rapid spread of the COVID-19 entirely turned the market table and devastated the market hope by ringing in the death knell by disrupting the supply chain, deferment of orders by airlines and leasing companies, delays in B737 Max approval, and a hefty decline in the transportation market. As a result of that, both giants (Boeing and Airbus) had no option but to curtail the production rates of their key programs. Airbus has truncated the production rate of its key programs (A320, A330, and A350) by 1/3^rd amid the pandemic.

However, the market is anticipated to rebound from 2021 onwards and likely to cross its 2019-sales value by 2024. An expected recovery in the GDP to revitalize the positive waves, huge order backlogs by Airbus and Boeing, expected increase in aircraft production, B737's approval from FAA, and growing wind turbine installations will assist fast recovery of the high-performance structural core materials market. Stratview Research believes that the market is expected to rebound in the next five years with a healthy CAGR to reach a value of US$ 108 million in 2026.

Click Here and Run Through the TOC of the Report: https://www.stratviewresearch.com/toc/1369/high-performance-core-materials-market.html  

Based on the material type the market is segmented into Polymethacrylimide (PMI), Polyethersulfone (PESU), Polyetherimide (PEI), and polyphenylsulfone (PPSU). PMI foam core is expected to remain the most dominant material type in the market in years to come. It has a high prevalence in the aerospace and wind energy industries. PMI foam cores are lightweight, durable over their lifetime, and relatively less expensive to produce. Also, PMI cores have excellent damage tolerance and damage visibility, which are essential while designing any structural sandwich components.

Based on the end-use industry type, aerospace & defense is expected to maintain its dominant position in the market during the forecast period despite logging a massive decline in 2020. Aircraft radome, main and tail rotor blades, ceiling panels, floor panels, and cockpit doors are some key applications of high-performance structural core in the aerospace industry. Wind energy also holds a considerable share in the market. The excellent growth in wind energy in 2020 heavily mitigated the wreckage performed by the pandemic on the demand for core materials including the high-performance core materials.

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All regions experienced significant decline in the demand for high-performance core materials in 2020. Among regions, North America is expected to remain the largest market during the forecast period. The USA acts as a growth engine of the region with the presence of several leading aerospace OEMs and tier players. The Asia-Pacific's market witnessed the least decline in the demand for high-performance structural cores in 2020 in the wake of a huge installed base of wind turbines and opening of an assembly base of commercial aircraft programs in the region.

The supply chain of this market comprises raw material suppliers, high-performance structural core material manufacturers, sandwich panel manufacturers, tier players, OEMs, and end-users. Key high-performance structural core material manufacturing companies are:

• Evonik Industries AG
• Diab AB
• 3A Composites
• Baoding Meiwo Science & Technology Development Co.
• Cashem Advanced Materials Hi-tech Co., Ltd
• CA Composites
• Jiaxing Sky Composites Co., Ltd

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis.
• Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

This report studies the high-performance structural core materials market and has segmented the market in three ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the three ways in which the market is segmented:

High-Performance Structural Core Materials Market Size, Share, & Forecast, by Material Type

• Polymethacrylimide (PMI)
• Polyethersulfone (PESU)
• Polyetherimide (PEI)
• polyphenyl sulfone (PPSU)

High-Performance Structural Core Materials Market Size, Share, & Forecast, by End-use Industry Type

• Aerospace & Defense
• Ground Transportation
• Wind Energy
• Others

High-Performance Structural Core Materials Market Size, Share, & Forecast, by Region

• North America (Country Analysis: The USA, Canada, Mexico)
• Europe (Country Analysis: France, Germany, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Country Analysis: Brazil, Argentina, and Others)

Stratview Research has several high value market reports in the composites and advanced materials industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Advanced Materials Industry: https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

About Stratview Research
Stratview Research is a global market intelligence firm providing wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

We have a strong team of industry veterans and analysts with an extensive experience in executing custom research projects for mid-sized to Fortune 500 companies, in the areas of Market Assessment, Opportunity Screening, Competitive Intelligence, Due Diligence, Target Screening, Market Entry Strategy, Go to Market Strategy, and Voice of Customer studies.
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