Press release
Marine Structural Core Materials Market is Forecasted to Reach US$ 147.6 Million in 2031, Says Stratview Research
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 industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
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Market Statistics:
Market Size in 2024: US$ 120.4 million
Market Size in 2031: US$ 147.6 million
Growth (CAGR): 2.7% during 2025-2031
Leading Boat Type: Outboard Boat
Leading Core Material Type: PVC
Leading Region: North America
Forecast Period: 2025-2031
Trend Period: 2019-2023
Base Year: 2024
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 based on boat type, core material type and region.
Based on boat type - The market is segmented into Outboard Boats, Sterndrive Boats, PWCs, and other boat types. Outboard boats are 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 sterndrive to outboard boats.
Based on core material type - The market is segmented into PVC, SAN, PET, and balsa. The PVC core offers excellent moisture resistance and cost-effectiveness with excellent durability, which helped to reign its position in the market. PET core held a niche share of the market in 2024; 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 cores.
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that 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 2024, there were total sales of nearly 232 thousand boats (Outboard, Sterndrive, Inboard, PWC, jet boats, 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:
Some of the key drivers listed in the report are given below.
• Growing Outdoor Recreation: A heightened preference for outdoor recreational activities is driving investment in marine vessels, supporting market expansion.
• Superior Composite Performance: The excellent strength-to-weight ratio and durability of composite materials are facilitating a faster market recovery post-pandemic, creating strong opportunities for stakeholders.
Top Companies in the Marine Structural Core Materials Market:
Stratview Research has identified the following companies as the top market players.
• 3A Composities GmbH
• Armacell International S.A.
• Carbon-Core Corporation
• Changzhou Tiansheng New Materials Co., Ltd.
• DIAB International AB
• Gurit Holding AG
• I-Core Composites, LLC
• Maricell S.r.l.
What Unique Insights Does This Report Offer?
This report provides comprehensive insights into the 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
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About us -
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.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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