India Structural Core Materials Market (2025-2031) Outlook | Revenue, Companies, Trends, Industry, Forecast, Value, Share, Size, Analysis & Growth

Name: India Structural Core Materials Market (2025-2031) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Skin Type (GFRP, CFRP, NFRP, Others), By Type (Foam, Honeycomb, Balsa), By End-Use (Electrical & Electronics, Transportation, Medical Packaging, Others) And Competitive Landscape

Product Code: ETC348204	Publication Date: Aug 2022	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Structural Core Materials Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India`s import shipments of structural core materials in 2024 continued to be dominated by key exporting countries such as China, Vietnam, USA, Thailand, and Germany. Despite the high concentration level indicated by the Herfindahl-Hirschman Index (HHI), the industry experienced a significant decline in both the compound annual growth rate (CAGR) from 2020-24 at -8.59% and the growth rate from 2023-24 at -29.3%. This trend suggests the need for a strategic reevaluation of market dynamics and potential shifts in sourcing strategies within the structural core materials sector in India.

India Structural Core Materials Market Top 5 Importing Countries and Market Competition (HHI) Analysis

India Structural Core Materials Market Synopsis

The India structural core materials market was valued at US$ 2.4 billion in 2018 and is expected to register a CAGR of around 9% during the forecast period. The increasing demand for lightweight and energy efficient structures like aircrafts, buildings, bridges, etc., has been driving the growth of the India structural core materials market. Furthermore, the growing use of nanomaterials as reinforcement agents is expected to offer lucrative opportunities to players operating in this domain over the coming years.

Market Drivers of the market

The India structural core materials market has been experiencing growth due to the increasing demand for lightweight and high-strength materials in industries like aerospace, marine, wind energy, and transportation. Structural core materials, such as foam and honeycomb cores, are used to sandwich composite materials to enhance their mechanical properties. The growing focus on fuel efficiency, sustainable transportation, and renewable energy is driving the adoption of structural core materials. Key players in this market include Diab International AB, Gurit Holding AG, 3A Composites GmbH (a subsidiary of Schweiter Technologies), and Evonik Industries AG.

Challenges of the Market

The India structural core materials market faces challenges related to high material costs and limited availability of advanced materials. Structural core materials, like foam and honeycomb cores, are often expensive compared to conventional materials, impacting their wider adoption. Moreover, the market may face supply chain disruptions for advanced materials due to import dependencies and logistics challenges. Companies in this market must explore cost-effective alternatives, invest in local manufacturing capabilities, and focus on research to develop new and more accessible core materials.

Covid-19 Impact on the Market

The India structural core materials market faced challenges during the COVID-19 pandemic due to the slowdown in manufacturing and construction activities. The market for structural core materials, such as foam and honeycomb cores, witnessed a decline as industries like aerospace and transportation faced disruptions. Additionally, supply chain disruptions and logistical challenges impacted the sourcing and distribution of these materials. However, with the gradual resumption of economic activities and the revival of industries, the market showed signs of recovery, driven by the need for lightweight and high-strength materials in various sectors.

Key Players of the Market

Key players in the India structural core materials market include Diab International AB, Gurit Holding AG, 3A Composites GmbH (a subsidiary of Schweiter Technologies), Evonik Industries AG, and Armacell International S.A.

Key Highlights of the Report:

India Structural Core Materials Market Outlook
Market Size of India Structural Core Materials Market, 2024
Forecast of India Structural Core Materials Market, 2031
Historical Data and Forecast of India Structural Core Materials Revenues & Volume for the Period 2021-2031
India Structural Core Materials Market Trend Evolution
India Structural Core Materials Market Drivers and Challenges
India Structural Core Materials Price Trends
India Structural Core Materials Porter's Five Forces
India Structural Core Materials Industry Life Cycle
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Skin Type for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By GFRP for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By CFRP for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By NFRP for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Others for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Type for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Foam for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Honeycomb for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Balsa for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By End-Use for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Electrical & Electronics for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Transportation for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Medical Packaging for the Period 2021-2031
Historical Data and Forecast of India Structural Core Materials Market Revenues & Volume By Others for the Period 2021-2031
India Structural Core Materials Import Export Trade Statistics
Market Opportunity Assessment By Skin Type
Market Opportunity Assessment By Type
Market Opportunity Assessment By End-Use
India Structural Core Materials Top Companies Market Share
India Structural Core Materials Competitive Benchmarking By Technical and Operational Parameters
India Structural Core Materials Company Profiles
India Structural Core Materials Key Strategic Recommendations

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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 India Structural Core Materials Market Overview

3.1 India Country Macro Economic Indicators

3.2 India Structural Core Materials Market Revenues & Volume, 2021 & 2031F

3.3 India Structural Core Materials Market - Industry Life Cycle

3.4 India Structural Core Materials Market - Porter's Five Forces

3.5 India Structural Core Materials Market Revenues & Volume Share, By Skin Type, 2021 & 2031F

3.6 India Structural Core Materials Market Revenues & Volume Share, By Type, 2021 & 2031F

3.7 India Structural Core Materials Market Revenues & Volume Share, By End-Use, 2021 & 2031F

4 India Structural Core Materials Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for lightweight materials in various industries such as automotive, aerospace, and construction.

4.2.2 Growing focus on sustainability and energy efficiency driving the adoption of structural core materials.

4.2.3 Rising investments in infrastructure projects and urbanization in India.

4.3 Market Restraints

4.3.1 High initial investment required for the setup of manufacturing facilities for structural core materials.

4.3.2 Lack of awareness and technical expertise in handling and processing advanced core materials.

4.3.3 Fluctuating raw material prices affecting the overall production cost.

5 India Structural Core Materials Market Trends

6 India Structural Core Materials Market, By Types

6.1 India Structural Core Materials Market, By Skin Type

6.1.1 Overview and Analysis

6.1.2 India Structural Core Materials Market Revenues & Volume, By Skin Type, 2021-2031F

6.1.3 India Structural Core Materials Market Revenues & Volume, By GFRP, 2021-2031F

6.1.4 India Structural Core Materials Market Revenues & Volume, By CFRP, 2021-2031F

6.1.5 India Structural Core Materials Market Revenues & Volume, By NFRP, 2021-2031F

6.1.6 India Structural Core Materials Market Revenues & Volume, By Others, 2021-2031F

6.2 India Structural Core Materials Market, By Type

6.2.1 Overview and Analysis

6.2.2 India Structural Core Materials Market Revenues & Volume, By Foam, 2021-2031F

6.2.3 India Structural Core Materials Market Revenues & Volume, By Honeycomb, 2021-2031F

6.2.4 India Structural Core Materials Market Revenues & Volume, By Balsa, 2021-2031F

6.3 India Structural Core Materials Market, By End-Use

6.3.1 Overview and Analysis

6.3.2 India Structural Core Materials Market Revenues & Volume, By Electrical & Electronics, 2021-2031F

6.3.3 India Structural Core Materials Market Revenues & Volume, By Transportation, 2021-2031F

6.3.4 India Structural Core Materials Market Revenues & Volume, By Medical Packaging, 2021-2031F

6.3.5 India Structural Core Materials Market Revenues & Volume, By Others, 2021-2031F

7 India Structural Core Materials Market Import-Export Trade Statistics

7.1 India Structural Core Materials Market Export to Major Countries

7.2 India Structural Core Materials Market Imports from Major Countries

8 India Structural Core Materials Market Key Performance Indicators

8.1 Adoption rate of structural core materials in key industries.

8.2 Research and development expenditure in the development of advanced core materials.

8.3 Number of collaborations and partnerships between manufacturers and end-users for product development.

8.4 Regulatory compliance and certifications obtained for structural core materials.

9 India Structural Core Materials Market - Opportunity Assessment

9.1 India Structural Core Materials Market Opportunity Assessment, By Skin Type, 2021 & 2031F

9.2 India Structural Core Materials Market Opportunity Assessment, By Type, 2021 & 2031F

9.3 India Structural Core Materials Market Opportunity Assessment, By End-Use, 2021 & 2031F

10 India Structural Core Materials Market - Competitive Landscape

10.1 India Structural Core Materials Market Revenue Share, By Companies, 2024

10.2 India Structural Core Materials Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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