Cork is a usually used material for bottle stoppers, especially wine bottles. Its properties include high buoyancy, elasticity, and flame retardancy. Cork's bubble form structure and natural fire-retardant property do it suitable for acoustic and thermal insulation in house walls, floors, ceilings, and facades. The raw material for cork products is harvested from the cork oak tree. Also, the production of compound agglomerated cork includes binders or adhesive agents such as asphalt, rubber, gypsum, glue, and plastic to cork granules.
MARKET DYNAMICS
The cork material market has witnessed a significant growth owing to factors such as rise in investments in research and developments. Moreover, rising disposable income, changing life styles, and westernization are some of the factors propelling the cork material market. However, less consumer knowledge about other uses related to cork material is projected to hamper the overall growth of the cork material market.
MARKET SCOPE
The "Global Cork Material Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the cork material market with detailed market segmentation type, application, and geography. The global cork material market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading cork material market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global cork material market is segmented on the basis of type and application. On the basis of type, the global cork material market is divided into anti-vibration products, clutch plates, DIY (Do It Yourself) product, flooring product, sheets & rolls, and polish wheels. On the basis of application, the global cork material market is divided wine bottles, thermal insulation, shuttle cock badminton, bulletin boards, and floor and wall tiles.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global cork material market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The cork material market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the cork material market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the cork material market in these regions.
MARKET PLAYERS
The reports cover key developments in the cork material market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from cork material market is anticipated to lucrative growth opportunities in the future with the rising demand for cork material in the global market. Below mentioned is the list of few companies engaged in the cork material market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the cork material market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aditya Vidyut Appliance Ltd.
- Anchor Cork Private Limited
- Andrew Yule & Co. Ltd.
- Bharat Heavy Electricals Ltd.
- CHARLES CANTRILL LTD
- Ecore International
- Jizzi Transformers & Switchgears
- Nu-Cork
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