CORE MATERIALS MARKET ANALYSIS

Market News

Key Developments

• In March 2018, Evonik Industries launched its new core material solution ROCHACRYL, an acrylic based structural foam for composite applications. The new solution is lightweight, thermally stable, environment friendly and has excellent mechanical properties. The product is launched for wind energy industry for manufacturing of turbine blades.
• In September 2019, Diab Group signed a five year core material supply contract with Vestas Wind Systems A/S (OEM for wind turbines). The supply of core material is expected to provide Diab Group net sales of US$ 220-275 million over the contract period.
• In 2016, Gurit Holding AG acquired BASF’s PET (polyethylene terephthalate) structural foam business in Italy. The acquisition will help Gurit to increase its PET production capacity in Europe and expand its structural core material product range.
• In March 2018, Hexcel Corporation opened its new manufacturing facility in Casablanca, The manufacturing plant will convert lightweight honeycomb materials in to engineered core parts which will be utilized for aerospace applications including engine nacelles, aircraft structures and helicopter blades.