Structural Core Materials Market Regional Analysis

Globally, North America dominated the structural core materials market with a holding of healthy market share in 2021 and is set to continue this dominance over the forecast period. High growth in construction sector, wing energy, and automotive industries especially in countries like the United States and Canada is projected to be the major factors driving the growth of the market in the region. Additionally, large presence of key market players including Hexcel Corporation and The Gill Corporation is also contributing significantly to the growth of the market over the coming years.

Furthermore, Asia Pacific region is expected to witness fastest CAGR over the forecast period owing to high growth of commercial and residential construction sector coupled with the wide availability of raw materials in the region. Moreover, an extensive growth in consumer disposable income and their rising spending capacity on several applications such as automotive, wind energy, and construction mainly in China and India, is further anticipated to boost the demand and growth in the near future.