(EMAILWIRE.COM, August 14, 2024 ) Cork Material Market which was valued at $5 Bn in 2023, will reach $7.52 Bn in 2030 with a CAGR of 6%, as per Maximize market research.
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The cork material is used in variety of products, as cork showcases properties similar to multiple layers of microscopic bubble wrap. The material is derived from an Oak tree, and used for sound proofing, heat treatment, floors, ceilings, and facades. Cork is also used by fashion designers to create footwear, jewelry, and dresses. Cork forests improve soil organic matter, aid hydrological cycle. Being used in railway carriages, interior of top-of-the-line Mercedes Benz, aircraft, NASA and the European Space Agency the demand for cork material market is rising.
Europe dominates the Cork Material Market as half of the global wine growing area and 65% of production volume belongs to Europe. As per European Commission, growing construction sector has increased the demand for Cork material, and the demand is expected to grow in the forecast period. Asia-Pacific shows growth potential during the growth period.
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Cork Material Market Segmentation
by Product
Anti-vibration products
Clutch plates
DIY (Do It Yourself) product
Flooring product
Sheets & rolls
Polish wheels
by Application
Wine bottles
Thermal insulation
Building & Decorations
Sports
Bulletin boards
Aerospace
Food and Beverages
Cork Material Market Key Players
Ecore International
CHARLES CANTRILL LTD
Nu-Cork
AMORIN
Granorte
Corksribas
MJO Cork
LICO
Globus Cork
WE cork
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