Core Material for Composites Market - Strategic Insights and Forecasts (2025-2030)

Description

Core Material For Composites Market Size:

Core Material For Composites Market, growing at a 7.57% CAGR, is expected to grow to USD 2.466 billion in 2030 from USD 1.712 billion in 2025.

Composites are materials made by combining two or more different types of materials to create a new material that possesses superior properties compared to the original materials. The use of composites has grown significantly in recent years, with applications spanning various industries, such as aerospace, automotive, marine, construction, and sports. The core material for composites refers to the material used to create a lightweight and strong structure within the composite. The core material is usually placed between two layers of reinforcement material and held in place by the matrix material. It can be made from various materials such as foam, honeycomb, balsa wood, and metal.

Core Material for Composites Market Trends:

The choice of the core material is essential as it affects the properties of the composite, including strength, stiffness, and weight. A lightweight core material can result in a composite with a high strength-to-weight ratio, making it ideal for applications where weight reduction is critical. The composites market includes various types of composites, and the demand for composites is expected to continue to grow as industries seek to take advantage of the many benefits offered by them. The use of composites in various industries has led to the development of new and innovative core materials that enhance their properties, making them more attractive alternatives to traditional materials like metals and alloys.

Core Material for Composites Market Growth Drivers:

• The core material for composites market is driven by increased use in the marine and wind energy industries and growing demand from the construction and auto industries.

Increased use in marine and wind energy industries- The use of composites in marine and wind energy industries is increasing, driven by the need for lightweight and durable materials. Core materials play a crucial role in the manufacture of wind turbine blades and marine structures, where weight reduction is critical. According to the US Department of Energy, the demand for wind energy in the US is expected to grow by 20% by 2030. The European Commission has set a target of generating 27% of its energy from renewable sources by 2030, which is expected to drive the demand for composites in wind energy applications.

Growing demand from the construction and auto industry- The construction industry is increasingly using composites for various applications, such as bridges, building facades, and reinforcement structures. The use of core materials such as foam can help to improve their strength and durability. Further, the demand for lightweight materials to reduce the weight of vehicles, aircraft, and other structures is driving the growth of the core material for the composites market.

Lightweighting offers several benefits, including improved fuel efficiency, reduced emissions, and increased payload capacity. The use of lightweight core materials such as foam and honeycomb can help achieve these goals. According to the US Department of Energy, reducing the weight of vehicles by 10% can result in a 6-8% improvement in fuel economy. This has led to regulations such as the Corporate Average Fuel Economy (CAFE) standards in the US, which mandate automakers to improve the fuel efficiency of their vehicles.

Core Material for Composites Market Key Developments:

In December 2022, 3A Composites Core Materials, a global leader in developing and manufacturing high-performance core materials for composite applications, launched a new product line, Engicore core materials. The product line offers customers customizable core solutions for their manufacturing processes and standard needs. The company aims to provide innovative and sustainable procurement solutions with the Engicore product line. Engicore core solutions are designed to meet the needs of next-generation composites and innovative designs while optimizing the total cost of ownership and reducing cycle times. The product line caters to various industries such as wind power, automotive, rail, aerospace, building and construction, marine, and hobby. The core solutions are made from Airex rigid foams and Baltek balsa wood, which are reportedly suitable for green energy sources.

In April 2023, the company announced its plans to expand the Engicore product line in the Americas region as well as additional plans to introduce it to other regions worldwide in the future.

Core Material for Composites Market Segment Analysis:

• Based on type, the core material for composites market is expected to witness positive growth in the wood segment.

Wooden core materials for composites are essential components that provide strength, stiffness, and durability to composite structures while minimizing their weight. The use of wood-based core materials in composites is gaining popularity due to their natural, renewable, and sustainable properties. Balsa wood is one of the most commonly used wood-based core materials. It is lightweight, strong, and has excellent mechanical properties. Balsa wood-based core materials are used in various applications, such as marine, wind energy, aerospace, and transportation. It is also known for its excellent vibration-damping properties, which make it suitable for noise reduction in many applications.

Core Material for Composites Market Geographical Outlook:

• Asia Pacific accounted for a significant share of the core material for composites market.

Based on geography, the core material for composites market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Asia-Pacific is a rapidly growing market for core materials for composites, driven by the region's growing industrialization, urbanization, and infrastructural development. The increasing demand for lightweight and high-performance materials in the automotive and aerospace industries is driving the demand for core materials in the region. The increasing focus on renewable energy sources is also driving the demand for core materials in the wind energy industry.

List of Top Core Materials for Composites Companies:

• 3A Composite
• Euro-Composites SA
• Evonik Industry AG
• Gurit Holding AG
• Hexcel Corporation

Core Material for Composites Market Segmentation:

• CORE MATERIAL FOR COMPOSITES MARKET BY TYPE
  • Honeycomb Cores
    • Nomex
    • Aluminum
    • Others
  • Wood
    • Plywood
    • Balswood
  • Foam
    • Polyvinyl Chloride (PVC) Foam
    • Polyurethane Foam
    • Polyethylene Terephthalate (PET) Foam
    • Others
• CORE MATERIAL FOR COMPOSITES MARKET BY APPLICATION
  • Sandwich Panel
  • Shaped Cores
  • Others
• CORE MATERIAL FOR COMPOSITES MARKET BY END-USER
  • Aerospace & Defense
  • Marine
  • Automotive
  • Building & Construction
  • Energy & Power
  • Others
• CORE MATERIAL FOR COMPOSITES MARKET BY GEOGRAPHY
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Thailand
    • Taiwan
    • Others

Table Of Contents

1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
    2.1. Market Overview
    2.2. Market Definition
    2.3. Scope of the Study
    2.4. Market Segmentation
3. BUSINESS LANDSCAPE
    3.1. Market Drivers
    3.2. Market Restraints
    3.3. Market Opportunities
    3.4. Porter’s Five Forces Analysis
    3.5. Industry Value Chain Analysis
    3.6. Policies and Regulations
    3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. CORE MATERIAL FOR COMPOSITES MARKET BY TYPE
    5.1. Introduction
    5.2. Honeycomb Cores
        5.2.1. Nomex
        5.2.2. Aluminum
        5.2.3. Others
        5.2.4.
    5.3. Wood
        5.3.1. Plywood
        5.3.2. Balswood
    5.4. Foam
        5.4.1. Polyvinyl Chloride (PVC) Foam
        5.4.2. Polyurethane Foam
        5.4.3. Polyethylene Terephthalate (PET) Foam
        5.4.4. Others
6. CORE MATERIAL FOR COMPOSITES MARKET BY APPLICATION
    6.1. Introduction
    6.2. Sandwich Panel
    6.3. Shaped Cores
    6.4. Others
7. CORE MATERIAL FOR COMPOSITES MARKET BY END-USER
    7.1. Introduction
    7.2. Aerospace & Defense
    7.3. Marine
    7.4. Automotive
    7.5. Building & Construction
    7.6. Energy & Power
    7.7. Others
8. CORE MATERIAL FOR COMPOSITES MARKET BY GEOGRAPHY
    8.1. Introduction
    8.2. North America
        8.2.1. USA
        8.2.2. Canada
        8.2.3. Mexico
    8.3. South America
        8.3.1. Brazil
        8.3.2. Argentina
        8.3.3. Others
    8.4. Europe
        8.4.1. Germany
        8.4.2. France
        8.4.3. United Kingdom
        8.4.4. Spain
        8.4.5. Others
    8.5. Middle East and Africa
        8.5.1. Saudi Arabia
        8.5.2. UAE
        8.5.3. Israel
        8.5.4. Others
    8.6. Asia Pacific
        8.6.1. China
        8.6.2. India
        8.6.3. Japan
        8.6.4. South Korea
        8.6.5. Indonesia
        8.6.6. Thailand
        8.6.7. Taiwan
        8.6.8. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
    9.1. Major Players and Strategy Analysis
    9.2. Market Share Analysis
    9.3. Mergers, Acquisitions, Agreements, and Collaborations
    9.4. Competitive Dashboard
10. COMPANY PROFILES
    10.1. Schweiter Technologies
    10.2. Euro-Composites SA
    10.3. Evonik Industry
    10.4. Gurit Holding AG
    10.5. Hexcel Corporation
    10.6. Plascore Incorporated
    10.7. Saertex Gmbh Co.Kg
    10.8. BASF SE
    10.9. Gill Corporation
    10.10. Armacell International S.A
11. APPENDIX
    11.1. Currency
    11.2. Assumptions
    11.3. Base and Forecast Years Timeline
    11.4. Key benefits for the stakeholders
    11.5. Research Methodology
    11.6. Abbreviations
LIST OF FIGURES
LIST OF TABLES

Companies Profiled

Schweiter Technologies

Euro-Composites SA

Evonik Industry

Gurit Holding AG

Hexcel Corporation

Plascore Incorporated

Saertex Gmbh Co.Kg

BASF SE

Gill Corporation

Armacell International S.A

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