Foam Core Material Market worth $2.07 billion by 2030
The report "Foam Core Material Market by Product Type (PET, PVC, SAN, PMI, PEI), End-use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Region - Global Forecast to 2030", is projected to reach USD 2.07 billion by 2030 from USD 1.08 billion in 2025, at a CAGR of 14.0%.
Browse 180 market data Tables and 60 Figures spread through 200 Pages and in-depth TOC on "Foam Core Material Market by Product Type (PET, PVC, SAN, PMI, PEI), End-use Industry (Wind Energy, Marine, Aerospace & Defense, Automotive & Transportation, Construction & Industrial), and Region - Global Forecast to 2030"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/foam-core-materials-market-227216350.html
The sustained growth in the global foam core material market is driven by the increasing demand for various specialized high-performance applications in the aerospace, automotive, marine, wind energy, and construction industries. Foam cores such as PET, PVC, SAN, PMI, are increasingly popular with manufacturers because of their strength-to-weight ratio, thermal insulation properties, durability, and accommodating manufacturing practices with advanced composites. Growth is also attributed to the acceleration of lightweighting efforts, growth in composite structures for renewable energy systems, and R&D activities to enhance the material’s recyclability and cost-effectiveness.
The PET segment accounted for the largest share in the global foam core material market, in terms of value.
PET foam is estimated to account for the largest share of the foam core material market. This position is largely attributed to its extensive use in the wind energy industry, where its high strength-to-weight ratio and notable fatigue resistance are essential for producing robust wind turbine blades. In comparison to alternatives such as PVC foam, PET foam is fully recyclable and is frequently manufactured using recycled plastic (rPET). This characteristic makes PET foam particularly attractive to organizations seeking to comply with stringent environmental regulations and achieve sustainability objectives. Furthermore, PET foam delivers an effective combination of cost efficiency and reliable performance. It provides strong thermal stability and chemical resistance, while remaining more affordable than high-performance options like PMI foam.
The wind segment is estimated to account for the largest share in the global foam core material market during the forecast period.
Wind energy is set to be the largest segment in the foam core materials market, mainly because of the industry's trend of using larger wind turbine blades, resulting in a strong demand for materials that provide high stiffness while being light in weight. Foam cores like PET & PVC foam provide higher strength-to-weight ratios than natural materials such as balsa wood, thus making it possible to create wind turbine blades that weigh significantly less while being strong enough. Lightweighting of wind turbine blades is an essential factor in improving wind power efficiency. Additionally, foam materials can be processed more cheaply compared to natural materials.
Asia Pacific is projected to register the highest CAGR of the global foam core material market.
The Asia Pacific market is projected to register the highest CAGR in the foam core material market because of the fast-paced industrialization and heavy investments in infrastructure development that are taking place at a rapid scale within the developing nations of China and India. The market growth is attributed to aggressive development that is taking place within the Asia Pacific region in the renewable energy sector, specifically within the wind energy sector, where the use of foam core materials is critical for the production of light wind turbine blades that are required by the nation for the fulfillment of energy security and requirements for power supply within the country.
Key Players
Prominent companies include Gurit Holdings AG (Switzerland), 3A Composites (Switzerland), Evonik Industries AG (Germany), Armacell (Luxembourg), Diab Group (Sweden), Changzhou Tiansheng New Materials Co., Ltd. (China), CoreLite (US), Sicomin (France), I-Core Composites (US), Maricell Core Composites (Italy), and SAERTEX GmbH & Co. KG (Germany).
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.
Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.
The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Foam Core Material Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
