Core Materials MarketSize and Trends

Core Materials Market Outlook

North America is estimated to hold the largest market share during the forecast period Presence of aerospace original equipment manufacturers in the region drives the demand for lightweight core materials. In addition, the elevated number of wind turbine installations drives the market growth in North America

Asia Pacific is estimated to be the fastest growing region for core materials market and is expected to witness exponential growth over the forecast period as well. The projected growth rate is a result of significant use of core materials in aerospace and wind energy industries, primarily in India and China

Europe experiences substantial demand for lightweight core materials for use in the aerospace industry. Moreover, Europe, being one of the most attractive tourist destinations, is projected to witness a high demand growth for core materials for various infrastructural developments

The Latin America market has witnessed a slowdown owing to the political turmoil existing in major markets of Argentina, Brazil, Colombia, and Venezuela. On the other hand, the market in Africa is expected to experience strong growth rate over the forecast period owing to the forecasted economic growth in the region