Core Materials Market, By Type (Honeycomb, Foam and Balsa), By End-Users (Wind Energy, Automotive, Construction, Aerospace & Defense, Transportation, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Core materials market was valued at US$ 1.9 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.00% to reach US$ 2.7 billion by 2034.

Core materials are thermochromic compounds composed of color developer, color former, and solvent. Several other types of core materials can be made, including urethane foam, end-grain balsa wood, PVC foam, and non-woven core fabrics.

Growing demand from producers of composite components is now a significant factor in the target market's expansion. The target market has grown even more thanks to the increasing demand from the wind energy and aerospace industries and the usage of composite materials. In the upcoming years, the need for Core Materials is anticipated to expand due to the growing development of pet foam.