Business performance
In a year dominated by the COVID-19 pandemic, the diversification of Schweiter Technologies proved to be a strength. While some market segments and geographies were affected by the lockdown measures and had to cope with a steep fall in demand, the European display business in particular, with its variety of clear sheet products, and the Core Materials business for the wind energy sector benefited from firm demand.
The Group responded promptly to the pandemic in order to ensure that production continued uninterrupted while protecting the health of its employees. In particular, production at sites that manufacture transparent sheets for protection against infection were operating at the limits of capacity. Moreover, demand from wind energy customers picked up appreciably following a strong performance the previous year.
Schweiter Technologies: Figures for 2020 - Substantial jump in profitability and a record-high result
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Core Materials Market worth $2 3 billion by 2025
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Structural Core Materials Market | COVID - 19 Outbreak, Competitive Scenario, Size, Share, Global Segments, Industry Expansion Strategies, Development Trends and Regional Demand till 2023
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Core Materials Market Size Forecast to Reach $2.5 Billion by 2025 Higher Investment Costs and Delays in the Renewal of Production Tax Credit (PTC) Are, However, the Main Constraints on the Global Core Materials Market
BriefingWire.com, 1/03/2021 - Core Materials Market size is forecast to reach $2.5 billion by 2025, after growing at a CAGR of 14.1% during 2020-2025. Core materials are considered as the special class of composite materials, normally having low strength, but higher thickness provides the sandwich composite with high bending stiffness with overall low-density boosting demand in various industries. The key growth factors of the global core materials market are the significant increase in demand for composites from the marine industry and the rising use of composites in the aerospace end-use sector. Also, the growing market for longer and lightweight wind turbine blades, increasing offshore wind power infrastructure.