The global core materials market size was valued at USD 2.18 billion in 2024. The market is projected to grow from USD 2.38 billion in 2025 to USD 4.38 billion by 2032, exhibiting a CAGR of 8.8% during the forecast period. Asia Pacific dominated the core materials market with a market share of 39.00% in 2024. The core materials are widely used in different designs for engineering structures as they offer impact resistance, massive energy absorption, and stiffness. In these industries, designers usually focus on the structural properties required in end-use applications. Honeycomb material is used in aerospace and marine applications as the product provides good strength-to-weight ratio and offers optimum spacing between two skins of sandwich structures. Fortune Business Insights presents this information in their report titled "Global Core Materials Market, 2025–2032."

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List of Key Players Profiled in the Report

• Evonik Industries AG (Germany)
• Armacell International S.A. (Luxembourg)
• Plascore Incorporated (U.S.)
• Euro-Composites S.A. (Luxembourg)
• Diab Group (Sweden)
• 3A Composites (Switzerland)
• Gurit Holding AG (Switzerland)
• Hexcel Corporation (U.S.)
• The Gill Corporation (U.S.)
• Changzhou Tiansheng New Materials Co., Ltd. (China)

Segments:

Foam Segment to Hold Large Market Share Due to its Usage in Automotive Industry

Based on type, the market is divided into foam, honeycomb, and balsa.

Due to massive usage in automotive and aerospace industries, the demand for foam segment is high. To form a structural sandwich, foam materials can be combined with composite material sheets to make it more suitable for end-use applications as foams have great dimensional density and require minimal maintenance.

Rapid Growth in the Aerospace Industry to Propel Market

Based on application, the market is segmented into marine, automotive, aerospace, energy, construction, and industrial.