Chemicals were made and used throughout the historical period, but the birth of heavy chemical industry which includes the production of a chemical in large quantities for a variety of uses concurred with the beginnings of the industrial revolution. The chemical industry comprises the companies that are into producing industrial chemicals by converting raw materials such as oil, natural gas, air, water, metals, and minerals into more than a thousand different products. The chemical industry has been a core part of the global economic landscape for many centuries. This recalls an instance, where first chemical plants were set up in Europe during the industrial revolution. These chemicals were used during the industrial revolution, in chemical processes for making concrete and clothing. Since then, the chemical industry has become an upholder of chemical production across the world.
The growth of the chemicals industry, mainly in developing countries, is highly influenced by factors such as needs for additional production domestically and production related to trading and exporting. The key factors prompting the growth of the chemical industry in manufacturing include proximity to raw materials, proximity to the leading market players, development policies, and the emergence of multinational chemical companies. The availability of raw material and raw material prices are undoubtedly one of the most critical driving forces for the chemical industry, which altogether determines the arrival of the new production line. Currently, the chemical industry is exceedingly dependent on the supply of global natural gas. This has graved some inferences for the chemical producers until the latest access to new energy resources comes into action by the chemical sector. For this, high investments are being made by the leader of the chemical industry in bringing projects and mergers worldwide.
The following manufacturers are covered in this report:
Diab Group (Ratos)
Evonik Industries AG
Gurit Holding AG
Armacell International S.A.
Changzhou Tiansheng New Materials Co. Ltd
The Gill Corporation
The global core materials market for composites is segmented on the basis of type, end-use industry, and region. Based on type, the core materials market for composites has been further segmented into foam, honeycomb, and balsa. Foam is expected to be the fastest-growing type segment of the core materials market for composites. Foam core imparts strength and stiffness while keeping the composite structure lightweight. Rapid growth in the wind energy industry, wind turbine blade manufacturing, and emergence of China and other Asian countries as major wind energy producers are factors fueling the consumption of foam core, thereby driving the core materials market for composites at a significant pace.
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Major end-use industries in the core materials market for composites are aerospace, wind energy, marine, transportation, construction, and others. The wind energy segment is projected to grow at the highest rate between 2017 and 2022. This can be attributed to the use of composites in designing of blades for large wind turbines. These blades are made by combining core materials and glass reinforced polyester/epoxy. The renewal of Production Tax Credit (PTC) in the U.S. has helped the wind energy market to grow, thereby driving the core materials market for composites. The wind energy segment is estimated to grow due to the rising demand for clean energy across the globe.
The study objectives are:
To analyze and research the global Core Materials capacity, production, value, consumption, status and forecast;
To focus on the key Core Materials manufacturers and study the capacity, production, value, market share and development plans in next few years.
To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
To define, describe and forecast the market by type, application and region.
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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