Market Size of Core Material for Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Core Materials for Composites Market Analysis
The global core material for composites market is expected to witness a CAGR of over 8% during the forecast period. Increasing usage of composites in the aerospace industry and growing usage in wind energy domain are likely to be the driving factors for the market studied.
- Factors, such as lack of economical manufacturing processes for bulk-volume applications and the market being highly capital intensive, are likely to hinder the growth of the market.
- The emergence of PET foam and innovations aimed at lowering the costs of end products are likely to provideopportunities for the market to grow through the years to come.
