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High Performance Core Materials Market Report | Covid-19 Impact Analysis
High-Performance Structural Core Materials Market is Segmented 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)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and statergy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
High-Performance structural core materials constitute PMI, PESU, PEI, and PPSU represents less than 10% share of the total structural core materials market (foam, balsa, and honeycomb core materials). There are just a handful of prominent players that have the capabilities of supplying high-performance structural core materials and hold a distinct position in the market. Key market participants have a wide-geographical presence and also gained excellent brand identity after dedicating eons of presence and efforts to research & development. High-performance structural core materials have been witnessing excellent growth over the past decade. These core materials have the significant potential to replace honeycomb core materials, especially in applications demanding high performance and lightweight property.
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 is being 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 of the giants (Boeing and Airbus) had no option except 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 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 the fast recovery of the high-performance structural core materials market. Stratview Research reckons that the market is expected to recoup in the next five years with a healthy CAGR to reach a value of US$ 108 million in 2026.
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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, the market is segmented as aerospace & defense, ground transportation, wind energy, and others. Despite logging a massive decline in 2020, aerospace & defense is expected to maintain their dominant position in the market in years to come. 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 high-performance core materials.
All regions to mark significant declines 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 the 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. The key high-performance structural core material manufacturing companies are-
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For calculating the market size, our analysts follow either Top-Bottom or Bottom-Top approach or both, depending upon the complexity or availability of the data points. Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. We leverage multitude of authenticated secondary sources, such as company annual reports, government sources, trade associations, journals, investor presentation, white papers, and articles to gather the data. More than 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts are usually executed to obtain both qualitative and quantitative insights.
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Research Scope |
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Trend & Forecast Period |
2015-2026 |
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Regions Covered |
North America, Europe, Asia-Pacific, Rest of the World |
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Size in 2026 |
US$ 108 million |
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Countries/Subregions Covered |
The USA, Canada, Mexico, France, Germany, the UK, Russia, China, Japan, India, South Korea, Brazil, Argentina and others |
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Figures & Tables |
>150 |
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Customization |
Up to 10% customization available free of cost |
The market is segmented in the following ways:
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s high-performance structural core materials market realities and future possibilities for the forecast period of 2021 to 2026. After a continuous interest in our reports on the Honeycomb Core Materials Market, and Structural Core Materials Market from the industry stakeholders, we have tried to further accentuate our research scope to the high-performance structural core materials market in order to provide the most thorough picture of the market. The report estimates the short- as well as long-term repercussions of the COVID-19 pandemic on the demand for high-performance structural core materials 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 scenario. The vital data/information provided in the report can play a crucial role for market participants as well as investors in formulating short-term as well as long-term growth strategies.
The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected]
High-Performance Structural Core Materials Market size is expected to grow at a healthy CAGR in the next five years to reach US$ 108 million in 2026.
Evonik Industries AG, Diab AB, 3A Composites, Baoding Meiwo Science & Technology Development Co., Cashem Advanced Materials Hi-tech Co., Ltd, CA Composites, and Jiaxing Sky Composites Co., Ltd. are among the key players in the High-Performance Structural Core Materials Market.
North America is expected to be the largest High-Performance Structural Core Materials Market during the forecast period.
PMI foam core is expected to remain the most dominant material type in the High- Performance Structural Core Materials Market in the coming years.
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