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The global non-honeycomb sandwich panel core materials market is expected to witness strong growth during the forecast period between 2021 and 2031.
Sandwich composite panels are a combination of low-density core and sandwich panel skins. The panel skins help improve the overall thickness and reduce the total weight of the product.
The eventual product that is obtained also possesses increased strength and stiffness, which makes them a suitable raw material in the manufacturing process in different industries.
Non-honeycomb sandwich panels have been found to provide energy-efficient solutions in the construction industry and offer the needs of thermal insulation, exterior membrane, and moisture barrier.
As a result of these features, manufacturing units could increase the funding for non-honeycomb sandwich panels, in future.
The outbreak of the COVID-19 pandemic negatively impacted the growth in the overall market. Industries were forced to shut down temporarily or permanently owing to the stringent social distancing regulations imposed by governments in a bid to contain the spread of the virus.
This reduced the demand for non-honeycomb sandwich panel core materials and led to lowered growth in the global market.
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Non-Honeycomb Sandwich Panel Core Materials Market – Trends and Opportunities
Rising demand for lightweight materials from the aircraft industry is the key growth driver for the global non-honeycomb sandwich panel core materials market.
Also, increasing non-honeycomb sandwich panel core materials demand for various construction projects is expected to offer lucrative revenue-generating opportunities for the global market players, in the coming years.
Advancements to existing non-honeycomb sandwich panel core materials could also fuel the growth in the global market, in the years ahead.
Wind energy end-use segment is expected to make the largest contribution, in terms of revenue, to the overall market because of increasing demand for non-honeycomb sandwich panel core materials in the manufacturing of wind blades, in leading economies globally.
Non-Honeycomb Sandwich Panel Core Materials Market-Competitive Landscape
The global non-honeycomb sandwich panel core materials market is extremely competitive, with the presence of several well-established market players, many of whom are expected to account for a large share in the overall market, in the coming years.
Growth strategies such as novel product launches could help leading non-honeycomb sandwich panel core materials market players create revenue-generating opportunities and gain a competitive edge over other players, in future.
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Research and development activities to produce improved quality of products could be a key growth strategy for well-established market players in the coming years.
Prominent non-honeycomb sandwich panel core materials market players could also collaborate with smaller players in a bid to expand their market presence and increase their revenue shares.
A few leading players in the global non-honeycomb sandwich panel core materials market include Diab Group, Armacell International S.A., 3A Composites, Euro-Composites S.A, and Changzhou Tiansheng New Materials Co. Ltd.
Non-Honeycomb Sandwich Panel Core Materials Market-Regional Assessment
The global non-honeycomb sandwich panel core materials market is divided into five regions, namely, North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Asia Pacific is expected to be the dominant region in the global non-honeycomb sandwich panel core materials market because of increasing industrial activities witnessed in countries such as India and China.
North America is anticipated to offer significant revenue-generating opportunities for the overall non-honeycomb sandwich panel core materials market because of increased product demand from aerospace industry in countries such as US and Canada.
Europe is expected to witness strong growth in the overall non-honeycomb sandwich panel core materials market owing to increasing demand for green, eco-friendly energy sources in countries such as UK and Germany.
Other regions of the world such as Latin America and Middle East and Africa are expected to witness moderate growth in the overall market, in the coming years.
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