Chemicals and Materials Structural Core Material Market New | Page 2

Based on outer skin type, the GFRP segment is estimated to lead the structural core
materials market
GFRP is a composite outer skin which is used in composite applications, especially in the
wind energy, transportation, construction, and marine end-use industries. GFRP is mainly
used in combination with balsa and PVC foam. GFRP panels provide a strong scratch
resistant surface, chemical resistance, durability, and is lightweight. It is preferred over
other building materials as it saves maintenance cost and is cheaper than other outer skins.
Some of the major applications of GFRP includes wind blades, walls, and ceilings.
APAC is the key structural core materials market
In terms of volume, the APAC structural core materials market is projected to register the
highest CAGR between 2017 and 2022, due to the increased demand for these materials
from the wind energy and aerospace industries. In addition, easy availability of raw
materials, low labor cost, growing manufacturing industries, new product developments,
capacity expansions, and new plant establishments by various leading players are driving
the structural core materials market in the region.
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Some of the manufacturers of structural core materials include Diab Group (Sweden),
Hexcel Corporation (US), Schweiter Technologies (Switzerland), Evonik Industries
(Germany), Gurit Holding (Switzerland), Armacell International (Luxembourg), The Gill
Corporation (US), and Changzhou Tiansheng New Materials Co. Ltd. (China)
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