Europe Core Materials Market worth $1.21 billion by 2030
The report "Europe Core Materials Market by Type (Foam, Balsa, and Honeycomb), End-use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Country - Forecast To 2030" is projected to grow from USD 0.65 billion in 2025 and to reach USD 1.21 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period.
Browse 180 market data Tables and 100 Figures spread through 200 Pages and in-depth TOC on "Europe Core Materials Market by Type (Foam, Balsa, and Honeycomb), End-use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Country - Forecast To 2030"
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Core materials such as foam, honeycomb, and balsa play a critical role in Europe’s composite structures, particularly in industries that demand lightweight, high-strength, and durable components. Driven by strong activity in the aerospace and defense industry, expanding wind energy installations, and the rapid shift toward electric and lightweight vehicles, the European core materials market is expected to experience steady growth during the forecast period. Europe’s leadership in offshore wind development, combined with increasing adoption of large turbine blades that rely heavily on PET foam and balsa cores, continues to strengthen regional demand.
Furthermore, the European Union’s stringent regulations on carbon emissions, energy efficiency, and sustainable manufacturing are driving the adoption of advanced composite materials in aerospace, transportation, and industrial applications. These policies are prompting OEMs and component manufacturers to adopt lightweight core materials to enhance fuel efficiency, minimize lifecycle emissions, and meet stringent environmental targets. As a result, demand for core materials is expected to grow gradually across multiple end-use industries throughout Europe, supported by ongoing investments in renewable energy, electric mobility, and high-performance composite manufacturing.
In 2024, lightweight foam core materials are expected to have a significant market share in the European core materials market.
Foam cores are popular throughout Europe because of their excellent strength-to-weight ratio, ease of processing, and cost-effectiveness. Their lightness and durability make them ideal for complex composite structures used in wind energy, aerospace, marine, and automotive industries. Europe’s expanding wind energy sector depends heavily on PET and PVC foam cores for large turbine blades because of their stability, fatigue resistance, and recyclability.
Foam cores made from PET, PVC, PU, PEI, SAN, and PMI are available in various densities to meet different structural needs. PET foam holds the largest market share in Europe, fueled by its strong mechanical performance, competitive price, and growing use in sustainable composite manufacturing. As Europe continues to focus on renewable energy and lightweight transportation, demand for foam core materials is expected to stay high across the region.
The marine end-use industry is expected to hold the third-largest share in Europe’s core materials market, in terms of value.
The marine sector in Europe frequently uses core materials like PET foam, PVC foam, balsa, and honeycomb to create lightweight, durable, and corrosion-resistant structures. These materials are crucial for building hulls, decks, bulkheads, interior panels, and superstructures for both commercial and recreational vessels. European shipyards and boat manufacturers depend on foam and balsa cores to boost fuel efficiency, increase stiffness, and lower maintenance needs, especially in high-performance sailing boats, luxury yachts, passenger ferries, and coastal patrol vessels.
Countries such as France, Italy, Germany, and the Netherlands are major centers for yacht construction and commercial marine manufacturing, fueling strong demand for structural core materials. The growing use of composite materials to replace heavier metals, along with Europe’s move toward energy-efficient and low-emission marine transport, further boosts growth in this sector. As a result, the marine industry is expected to remain a key contributor to core material usage across Europe during the forecast period.
France accounts for the second-largest share of the European core materials market.
France holds a significant position in the core materials market in Europe because of its strong involvement in aerospace, marine, and wind energy manufacturing. The country is home to major aerospace companies like Airbus and Dassault Aviation, which extensively use foam, honeycomb, and balsa cores to reduce aircraft weight, improve fuel efficiency, and meet EU emission standards. In the marine industry, France has a well-established composite boatbuilding sector, producing high-performance racing yachts, naval vessels, and recreational boats, all of which depend heavily on structural core materials for lightweight and durable construction. France is also one of Europe’s top wind energy markets, supported by continuous growth in both onshore and offshore projects. The rising production of turbine blades and composite nacelle parts continues to boost demand for PET and balsa cores. Additionally, the country’s push toward sustainable transportation and industrial decarbonization encourages wider use of lightweight composite structures in automotive and industrial sectors. With its diverse industrial base, advanced composite manufacturing sector, and active renewable energy growth, France remains a key contributor to the market expansion.
Key Players
Prominent companies include Gurit Holding AG (Switzerland), Diab Group (Sweden), 3A Composites Core Materials (Switzerland), Armacell Core Materials (Luxembourg), Evonik Industries AG (Germany), Sicomin Epoxy Systems (France), Lantor Composites (Netherlands), CoreLite Europe (Spain), ThermHex Waben GmbH (Germany), Euro-Composites SA (Luxembourg), Airex AG (Switzerland), Trelleborg Applied Technologies (Sweden), and Nidaplast Composites (Belgium).
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