Asia Pacific Core Material Market
Asia Pacific Core Material Market by Type (Foam, Balsa, and Honeycomb), End-Use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Country - Forecast To 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The Asia Pacific core material market is projected to grow from USD 0.84 billion in 2025 to USD 1.69 billion by 2030, at a CAGR of 15.0%. The major reason for the Asia Pacific core materials market growth is expanding wind energy generation, which is followed by the growing industrial and infrastructure developments. China, India, Japan, and South Korea are expanding their respective production volumes for wind turbine components, which include requiring large, light, and strong wind turbine blades made from PET core materials, PVC core materials, and foam core materials. The rising demand within the automotive, transport, and construction industries drives demand for light core materials.
KEY TAKEAWAYS
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By CountryChina is projected to register the highest CAGR of 15.4% during the forecast period.
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By TypeBy type, the foam type is projected to register the highest CAGR of 15.5% during forecast period.
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By End-use IndustryBy end-use industry, the wind energy segment is estimated to dominate the market with a market share of 57.7% in 2025.
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Competitive Landscape - Key PlayersGurit Holding AG, Changzhou Tiansheng New Materials Co. Ltd., Toray Industries, Inc., and Showa Aircraft Industry Co., Ltd, were identified as some of the star players in the Asia Pacific core materials market, given their strong market share and product footprint.
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Competitive Landscape - Startups/SMEsNanoFract and steptics, among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.
The rapid urbanization and massive infrastructure projects in Asia Pacific are contributing to the demand for core materials. To reduce weight, improve toughness, and increase energy efficiency, construction panels, modular buildings, transportation structures, and industrial equipment are progressively using PET, PVC, PE, EVA, and balsa cores. The countries of China, India, Japan, and the Southeast Asian region are investing heavily into office spaces, metro rail systems, and factory constructions. This altogether leads to a high demand for lightweight, high-performance core materials. Thus, the continuous infrastructural growth is the main factor that boosts the core materials market in the region.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
Growth in the lightweight and high-stiffness core industries associated with wind energy, aerospace, and transportation is influencing the shape of the core materials market throughout Asia Pacific. This rapid growth is being created by the rapid expansion of large infrastructure projects and manufacturing in both China and India. Other factors impacting the growth of this sector include an increase in the use of high density, recyclable polyethylene terephthalate (PET) foam products as core materials; advancements being made with respect to making honeycomb cores from recycled materials; building new factories locally throughout the region to help reduce reliance on imported core materials; and the development of cost-effective, environmentally friendly products that help to change both supply chain and competitive dynamics in APAC.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
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Rapid growth of wind energy sector

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Rapid industrial and infrastructure development
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High raw material costs and price volatility
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Difficulty in recycling core materials
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Growth in electric vehicles and lightweight transportation
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Technological advancements in core material manufacturing
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Limited local production and quality standardization
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Environmental and regulatory pressures
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Rapid growth of wind energy sector
Core materials are in great demand because of the expanding Asian Pacific wind energy industry. Turbine manufacturers have rapidly started to make use of PET, PVC, and other foam cores for long, light, and durable blades. Large-scale installations are seen in countries like China and India. China installed almost 80?GW of new capacity in 2024, thus driving the demand for structural cores. Materials with a high degree of stiffness, fatigue resistance, and thermal stability will be required in both offshore and onshore projects for wind energy generation, hence forming an integral part of the improvement of the efficiency and service life of turbines. Government incentives, renewable energy targets, and large-scale manufacturing clusters further accelerate the adoption of core materials within the region.
Restraint: High raw material costs and price volatility
One of the key restraints to the growth of the core material market in the Asia Pacific region is the increasing cost and volatility of raw materials used in PET, PVC, PE, EVA, and balsa wood. As petroleum prices fluctuate, and in some countries where there is import dependence that leads to disrupted supply chains, the production cost of foam and honeycomb cores rises. This may inhibit adoption for some applications by cost-sensitive manufacturers, especially in the automotive, construction, and marine sectors. Despite strong demand, therefore, growth might be slowed. As performance needs must be balanced with economy in such cases, large-scale deployment of advanced core materials will remain constrained across the region.
Opportunity: Growth in electric vehicles and lightweight transportation
The development of electric vehicles, high-speed rail, and modern transportation systems has been so rapid that it has already opened huge prospects for core materials in the Asia Pacific. One of the key factors in the trend of using more and more PET, PVC, PE, and EVA foam cores in battery, body panel, and structural parts is that they lighten the whole vehicle, which results in improved energy consumption and safety. Countries like China, India, Japan, and South Korea, which have already invested significantly in EV production and green transport infrastructure, are the major players in this development as they are the biggest consumers of light and strong core materials. Thus, this path leads to enhanced production capacity, faster development of new materials, and acquisition of larger portions of the growing regional market by the manufacturers.
Challenge: Limited local production and quality standardization
The imbalance in developing domestic production and the lack of uniform quality standards across geographical boundaries pose some serious challenges to the core material market in the Asia Pacific region. While countries such as China and Japan boast adequate manufacturing capabilities, many emerging markets rely either on imports or on small-scale local producers, and this leads to differences in material performance, longer delivery times, and higher costs. This could reduce confidence in the adoption of these core materials into more fundamental applications like wind turbine blades, aerospace structures, and transportation components, where reliability and specific material specifications are prominent. Strengthening local production, development of standardized quality criteria, and adherence to international norms will, therefore, be inherently useful for the sustainable development of the regional core material market.
ASIA PACIFIC CORE MATERIAL MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
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Applies high-density PET and balsa cores in large blade shells and shear webs for offshore turbines | Superior mechanical stability, longer operational lifespan, improved manufacturing efficiency, and lower cost of energy |
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Uses PET and PVC foam cores in onshore and offshore wind turbine blades | Lightweight, high stiffness, fatigue resistance, improves turbine efficiency |
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Uses balsa and foam cores in aerospace and turbine blade components | High strength-to-weight ratio, excellent fatigue resistance, thermal stability |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The core materials market in Asia Pacific is supported by an integrated value chain that links raw materials suppliers, foam and honeycomb producers, and composite producers with end-use industries like wind energy, shipping, autos, aerospace, and construction. China, Japan, South Korea, and India offer high-volume production capabilities, R&D, and testing infrastructure, and industrial estates and export-processing facilities support local and international demand. Government support for alternative energy, infrastructure projects, and high-tech production, as well as collaborative efforts with OEMs, encourages new product developments and customization. An efficient value chain with fast product development and cost benefits, and assured supply chain dynamics have promoted sales of PET core materials, PVC core materials, PE core materials, EVA core materials, and Balsa core materials.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Asia Pacific Core Materials Market, by Type
Foams account for a prominent share in the Asia Pacific core materials market due to their light weight, relatively high strength, and easy processing. Durable and recyclable properties make PET and PVC foams the leading segments. Ease of processing and usage make PE and EVA foams more desirable for sporting goods, packaging, and internal uses. The rapid growth of wind energy generation in China and India, rising EVs, metro rail projects, and shipbuilding projects substantiates market share growth for foam. The cost benefits and applicability will position foam as the biggest and fastest-growing market share holder in the Asia Pacific core materials market.
Asia Pacific Core Materials Market, by End-use Industry
The wind energy sector is the leading segment fueling the Asia Pacific core materials market, as the region represents a large share of total global wind energy capacity and new entrants. In 2024, Asia Pacific introduced almost 80 GW of new capacity, and China alone introduced about 79.8 GW, indicating a massive scale of onshore and offshore turbine installations. Long, lightweight cores made from PET, PVC, and various foams with excellent properties are required for wind turbine blade designs; these provide strength and better performance, thus generating consistent market demand for core materials. The massive scale of new turbine installations, advancements in offshore projects with increasingly challenging designs demanding superior blade performance, and government promotions for clean energy sources accelerate market adoption. These factors cumulatively and consistently make the wind energy sector the leading market for core materials within Asia Pacific.
REGION
China to be fastest-growing country in global Asia Pacific core materials market during forecast period
China is projected to be the fastest-growing market for core materials as it supports the world’s biggest wind turbine manufacturing hub; this demands a huge number of PET and PVC foam cores with the capabilities of making large and high-performance blades. The growing offshore wind farms also accelerate growth due to the need for heavy-duty and fatigue-resistant core materials. It also enjoys an extremely integrated local value chain with regard to PE, EVA, PET, balsa, and structural foams, meaning large-scale production capabilities at relatively low costs. The fast EVs, high-speed rails, boat fabrication, and construction drive demands for lighter core structures. China’s government-supported industrial policies optimize China as the fastest-growing market within the Asia-Pacific region.

ASIA PACIFIC CORE MATERIAL MARKET: COMPANY EVALUATION MATRIX
Gurit emerges as a star player in the Asia Pacific core materials market, backed by its strong market presence, broad product offering, and deep integration in key sectors such as wind energy, marine, and aerospace. In contrast, Euro Composites stands out as an emerging leader, gaining rapid traction through its specialized expertise in high-quality honeycomb core materials and its growing ability to deliver customized, precision-engineered solutions. Together, these companies illustrate the market’s balance between established industry leaders and fast-advancing innovators.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Gurit Holding AG (Switzerland)
- Diab Group (Sweden)
- 3A Composites Core Materials (Switzerland)
- Armacell Core Materials (Luxembourg)
- Evonik Industries AG (Germany)
- Changzhou Tiansheng New Materials Co. Ltd. (China)
- Toray Industries, Inc (Japan)
- Showa Aircraft Industry Co., Ltd (Japan)
- Tccore Applied Honeycomb Technology Co., Ltd. (China)
- Dongying Horizon Composite Co., Ltd. (China)
- Zhejiang Youwei New Materials Co., Ltd. (China)
- Nagoya Core Co., Ltd. (Japan)
MARKET SCOPE
| REPORT METRIC | DETAILS |
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| Market Size, 2024 (Value) | USD 0.73 Billion |
| Market Forecast, 2030 (Value) | USD 1.69 Billion |
| Growth Rate | CAGR of 15% from 2025 to 2030 |
| Years Considered | 2022–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Million/Billion), Volume (Kiloton) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
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| Countries Covered | China, India, Japan, Australia, Rest of Asia Pacific |
WHAT IS IN IT FOR YOU: ASIA PACIFIC CORE MATERIAL MARKET REPORT CONTENT GUIDE

DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
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| Asia Pacific Core Material Manufacturer |
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| Raw Material Manufacturer |
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RECENT DEVELOPMENTS
- January 2024 : Gurit launched two different products. One is Gurit Kerdyn FR+, a PET recycled structural foam with Class C – EN13501 test and certification. It has good compressive strength and stiffness. The other one is Balsaflex Lite, a next-generation balsa and PET core material with a novel coating system that reduces resin uptake during infusion processes.
- October 2023 : Gurit announced major long-term supply contracts with two leading OEMs, expected to generate substantial net sales over the contract periods.
- May 2022 : 3A Composites Core Materials acquired SOLVAY’s TegraCore PPSU resin-based foam, which became part of the portfolio under AIREX TegraCore. Both companies agreed to continue their collaboration to further develop AIREX TegraCore.
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Growth opportunities and latent adjacency in Asia Pacific Core Material Market