Asia Pacific Core Material Market

The Asia Pacific core materials 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% during the forecast period.

Asia Pacific’s core materials market is growing rapidly. Major end-use sectors are focusing on lightweight, durable, and cost-effective composite solutions. One of the biggest drivers is the strong growth in wind energy. The region is building high-capacity wind farms that require long and reliable turbine blades. These blades use PET and PVC foam cores to offer stiffness, reduce weight, and improve aerodynamic performance. At the same time, the automotive sector is moving towards electric and hybrid vehicles. This shift increases the demand for structural core materials that help make vehicles lighter, provide thermal stability, and improve energy efficiency. This is especially important for battery enclosures, body panels, and interior modules. In China, Japan, and India, aerospace manufacturing hubs are ramping up production of aircraft components. This creates more demand for honeycomb and high-performance foam cores that have better fatigue resistance.

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Although supply fluctuations in natural balsa, stringent certification requirements, and high processing costs pose challenges, Europe’s strong focus on decarbonization, composite innovation, and lightweight engineering continues to support market growth through 2030.

Some of the major manufacturers operating in the Asia Pacific core materials market include Changzhou Tiansheng New Materials Co., Ltd. (China), Toray Industries, Inc. (Japan), Showa Aircraft Industry Co., Ltd (Japan), and Tccore Applied Honeycomb Technology Co., Ltd. (China). In the past few years, many of the major players have been adopting various growth strategies to strengthen their position in the global Asia Pacific core materials market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities aimed at expanding their market presence in the Asia Pacific core materials market even further.

Changzhou Tiansheng New Materials Co., Ltd. (China)

Changzhou Tiansheng New Materials Co., Ltd. was established in 1998 and is located in Changzhou, within the Changjiang Delta industrial area. It is a leading Chinese manufacturer and trading company that specializes in PE, EVA, neoprene, and rubber-plastic foaming materials. The company also offers a wide range of finished foam products for both consumers and industrial use. It operates five factories that cover 10,000 to 30,000 square meters and employs about 1,000 people. The company produces high-quality PE and EVA foams, neoprene blocks, EVA sheets, and various elastomer series used in appliances, construction, automotive, marine, electronics, and IT sectors. The company has a strong export presence in North America, Europe, Oceania, the Middle East, and Asia. With annual revenue between USD 10 million and USD 50 million, the company focuses on quality control, innovation, and quick responses to customer needs while exploring new technologies to meet the changing demands of the global market.

Toray Industries, Inc. (Japan)

Toray Industries, Inc. is an internationally recognized Japanese materials and chemicals enterprise based in Tokyo, with expertise in world-leading technologies for advanced fibers, carbon fiber composites, performance chemicals, films, and life science solutions. Founded in 1926, the organization has an extensive portfolio that spans research and development and production expertise in aerospace, automotive, energy, and electronics sectors, as well as healthcare and environmental businesses. Toray has deep research & development expertise and global production facilities; these enable it to emphasize innovation and R&D efforts within sustainable materials research, ranging from bio-based polymers and membrane technologies for water treatment to lightweight materials and energy efficiency. Its strategy focuses on targeting growth via advanced materials and environmental initiatives.

MARKET RANKING

In the Asia Pacific core materials market, key players are evaluated by their manufacturing capacity, product range, and use across major industries. Toray Industries is often ranked at the top due to its strong presence in high-performance composites for wind energy, aerospace, and transportation. Regional leaders like Changzhou Tiansheng New Materials and other Chinese foam producers hold a significant share in PE, EVA, and structural foam segments. They meet domestic demand and export markets with cost-effective solutions. Japanese and Korean companies also perform well thanks to their strong material portfolios and close ties with automotive and electronics supply chains. Emerging local specialists in India, Southeast Asia, and Australia contribute to this layered market by addressing increasing demand in construction, marine, and renewable sectors. This creates a competitive landscape where scale, technology, and local production greatly influence positioning within the Asia Pacific core materials space.

Related Reports:

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

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