Marine Structural Core Materials Market is Forecasted to Reach US$ 142.6 million in 2024, Says Stratview Research

The global Marine Structural Core Materials Market is projected to witness a growth rate of 3.0% annually from 2024 to 2030, with an anticipated size of US$ 142.6 million in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Marine Structural Core Materials Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1972/marine-structural-core-materials-market.html#form

Report Highlights:
Market Size in 2030: US$ 142.6 million
Growth (CAGR): 3.0% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Marine Structural Core Materials Market:
The global Marine Structural Core Materials Market is segmented boat type, core material type, and region

Based on the boat type- The marine structural core materials market is segmented into outboard boats, sterndrive boats, PWC, and others. The outboard boat is expected to remain the biggest demand generator for core materials during the forecast period. There has been a growing penetration of fiberglass boats in the outboard category. Also, there has been a paradigm shift from sterndrives to outboard boats.

Based on the core material type- The market is segmented into PVC, SAN, PET, and Balsa. PVC is expected to remain the most dominant material type in the market during the forecast period. PVC foam core offers excellent moisture resistance and cost-effectiveness with excellent durability. PET foam core held a niche share of the market in 2023; however, it is anticipated to experience the fastest growth during the forecast period. SAN holds a fair share but there has been a gradual shift from SAN and PVC to PET foam cores.

To know the most attractive segments, click here for a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/1972/marine-structural-core-materials-market.html#form

Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is expected to remain the largest market for marine structural core materials during the forecast period. This growth outlook is majorly attributed to the following-
• The region is the largest producer of recreational boats. In 2023, there were total sales of nearly 258 thousand boats (Outboard, Sterndrive, Inboard, PWC, Jetboats, etc.) in the USA.
• Asia-Pacific is likely to witness the fastest growth during the forecast period with strong potential from China and Japan.

Marine Structural Core Materials Market Drivers:
The Marine Structural Core Materials Market is driven by several key factors, including:
• The marine structural core materials market witnessed a growth of 1.1% in 2022 due to the growing USA's powerboat sales, increased preference for outdoor recreational activity amid the pandemic, and excellent performance of composites are likely to help the stakeholders to log a quick market recovery. Boating is a preferred choice for recreation in the New Normal, there has been a surge in the number of first-time buyers amid the pandemic.

Top 10 Companies in the Marine Structural Core Materials Market:
Stratview Research has identified the following companies as the top market players:
• DIAB International AB
• Gurit Holding AG
• 3A Composites GmbH
• Armacell International
• Changzhou Tiansheng New Materials Co. Ltd.
• Maricell S.r.l.
• I-Core Composites
• Carbon-Core Composites

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Marine Structural Core Materials Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Structural Core Materials Market: https://www.stratviewresearch.com/486/structural-core-materials-market.html
• Core Materials Market: https://www.stratviewresearch.com/716/core-materials-market-for-composites.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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This release was published on openPR.