Based on primary interviews’ results, Stratview Research estimates that the growth of the market is subjected to plateau in the year 2021, driven by the mixed performance of major markets. Wind energy, the biggest market, is anticipated to record a decline of -4.7% in 2021 in the wake of lower wind turbine installations expected in North America and Asia-Pacific. On the contrary, other major markets, such as marine, aerospace & defense, and ground transportation, are set to rebound at an impressive rate after a ginormous decline in the year 2020. As a result, the market for structural core materials is subjected to almost stay at the level of 2020 in 2021 and it is estimated to grow at a CAGR of 6.6% over the next five years (2021-2026) to reach US$ 1.3 billion in 2026.
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