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Core Materials Market Size Forecast to Reach $2.5 Billion by 2025


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. ....

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Advanced Materials Market Size Forecast to Reach $2.1 Trillion by 2025


Growing Demand for Battery Electric Vehicles Driving the Growth of Advanced Materials Market
BriefingWire.com, 12/29/2020 - Advanced Materials Market is forecast to reach $2.1 trillion by 2025, after growing at a CAGR of 4.5% during 2020-2025. Advanced Materials is a promising technology transforming the global manufacturing industry, especially in its replacement of plastics and metals with ceramics and composites in high-performance applications. Growing public interest towards end products replacements will further enhance the overall market demand for advanced materials during the forecast period.
Key Takeaways
Asia-Pacific dominates the advanced materials market owing to increasing demand from various end use industries such as automotive, aviation, building & constructions with others. ....

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