The Global Foam Core Materials Market was valued at USD 1.83 Billion in 2023 and is projected to reach USD 3.12 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period (2024-2030). This robust expansion is driven by escalating demand from wind energy, marine, and transportation sectors seeking high-performance lightweight solutions.

Foam core materials have become indispensable in modern composite manufacturing, enabling lighter, stronger structures across industries. This blog profiles the Top 10 Companies in the Foam Core Materials Industry – technology leaders driving material innovation through cutting-edge R&D and strategic market expansion.

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🔟 1. Diab Group (RAKO Group)

Headquarters: Stockholm, Sweden
Key Products: Divinycell PVC/PET foams, structural adhesives

As the inventor of structural foam core technology in 1964, Diab (acquired by RAKO Group in 2021) remains the gold standard for marine and aerospace applications. Their closed-cell foam cores deliver exceptional strength-to-weight ratios and thermal insulation properties.

Recent Developments:

• Expanded PET foam production capacity with new German facility (2023)
• Launched recyclable foam solutions for wind turbine blades
• Strategic partnership with major yacht manufacturers

Download FREE Sample Report: Foam Core Materials Market – View in Detailed Research Report

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9️⃣ 2. Evonik Industries

Headquarters: Essen, Germany
Key Products: ROHACELL PMI foams, composite solutions

Evonik’s ROHACELL polymethacrylimide foams are the material of choice for aerospace applications, used in Airbus and Boeing aircraft structures. Their PMI foams offer unmatched thermal stability up to 180°C.

Recent Developments:

• New ROHACELL HERO series for defense applications
• Production expansion in Alabama, USA (2024)
• Development of fire-resistant foams for EV batteries

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8️⃣ 3. Gurit Holding AG

Headquarters: Wattwil, Switzerland
Key Products: Balsa cores, PET foams, structural adhesives

Gurit is a global powerhouse in engineered composites, supplying cores to over 60% of wind turbine manufacturers. The company operates 13 production sites across Europe, Asia, and the Americas.

Recent Developments:

• New sustainable PET foam formulations
• Automated core processing technologies
• 40% reduction in CO2 emissions (2020-2023)

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7️⃣ 4. 3A Composites

Headquarters: Sins, Switzerland
Key Products: AIREX PET foams, BALTEK balsa cores

3A Composites’ Core Materials division combines material science excellence with sustainable manufacturing. Their products are certified for marine, wind energy, and transportation applications.

Recent Developments:

• AIREX T92 launch for marine applications (2024)
• Balsa processing expansion in Indonesia
• New FR (flame retardant) PET formulations

Download FREE Sample Report: Foam Core Materials Market – View in Detailed Research Report

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6️⃣ 5. Armacell International

Headquarters: Luxembourg
Key Products: ArmaForm PET foams, structural cores

Armacell operates 24 manufacturing facilities globally, specializing in engineered foam solutions for vibration damping and thermal management in transportation and industrial applications.

Recent Developments:

• ArmaForm 500 series for automotive use
• Bio-based PET foam development program
• European production optimization projects

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5️⃣ 6. CoreLite Inc.

Headquarters: Burlington, Washington, USA
Key Products: SAN foam cores, composite tooling boards

CoreLite specializes in styrene acrylonitrile (SAN) foam cores, offering excellent impact resistance and thermal stability for marine and industrial applications.

Recent Developments:

• Enhanced SAN formulations with 20% better impact resistance
• New pre-shaped core machining capabilities
• Partnerships with boat manufacturers

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4️⃣ 7. BASF

Headquarters: Ludwigshafen, Germany
Key Products: Kerdyn PET foams, core solutions

BASF’s engineered foams division supplies innovative core materials to automotive and wind energy markets, with strong focus on circular economy principles.

Recent Developments:

• Closed-loop PET foam recycling initiative
• Kerdyn product line expansion for mass transit
• Wind blade core material innovations

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3️⃣ 8. Carbon-Core Corp

Headquarters: Salt Lake City, Utah, USA
Key Products: Hybrid core materials

Carbon-Core develops advanced hybrid foam solutions combining multiple material technologies for aerospace and defense applications requiring extreme performance.

Recent Developments:

• New military contract for armor solutions (2023)
• Space-grade high-temperature foam cores
• Strategic defense industry partnerships

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2️⃣ 9. Polyumac

Headquarters: Xiamen, China
Key Products: PVC foams, composite cores

As a leading Asian manufacturer, Polyumac provides cost-competitive foam core solutions for marine and industrial applications across emerging markets.

Recent Developments:

• New PVC foam production line (2023)
• Market entry in wind energy sector
• Technical collaborations with European partners

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1️⃣ 10. Schweiter Technologies

Headquarters: Steinhausen, Switzerland
Key Products: BALTEK balsa cores

Schweiter (owner of 3A Composites) is the global leader in premium balsa core solutions through its BALTEK brand, serving high-performance marine and wind applications.

Recent Developments:

• Sustainable balsa supply chain programs
• Enhanced surface treatment technologies
• Wind blade core optimization projects

Get Full Report Here: Foam Core Materials Market – View in Detailed Research Report

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🌍 Market Outlook: Lightweighting Trends Driving Growth

The foam core materials industry is transforming as lightweight composites become critical across multiple sectors. Future growth will be driven by technological innovations that enhance performance while addressing sustainability challenges.

📈 Key Industry Trends:

• Wind energy accounting for 40% of current market demand
• Development of recyclable and bio-sourced materials
• Integration with additive manufacturing processes
• Expanding applications in EV battery enclosures
• Asia-Pacific region growing at 8.7% CAGR (2024-2030)

Get Full Report Here: Foam Core Materials Market – View in Detailed Research Report

The companies profiled above represent the technological vanguard – developing solutions that enable lighter, stronger, and more sustainable structures across multiple industries.