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High Performance Core Materials Market Report
High-Performance Structural Core Materials Market | Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026
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 Amer...
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.
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.
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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:
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-
