Marine Structural Core Materials Market,by Boat Type (Outboard Boats, Sterndrive Boats, PWC, and Others), Core Material Type (PVC, SAN, PET, and Balsa), and Region (North America [The USA, Canada, and Mexico], Europe [Germany, France, Spain, Sweden, and Rest of Europe], Asia-Pacific [China, Japan, New Zealand, and Rest of Asia-Pacific], and Rest of the World [Brazil and Others]).
Marine Structural Core Materials Market, by Boat Type (Outboard Boats, Sterndrive Boats, PWC, and Others), Core Material Type (PVC, SAN, PET, and Balsa), and Region (North America [The USA, Canada, and Mexico], Europe [...
"The global marine structural core materials market may record an impressive CAGR of 3.0% over the next six years to reach US$ 142.6 million by 2030."
Core materials refer to the central component of sandwich construction. The well-known core materials used in sandwich construction are honeycomb, foam, and balsa. This core material absorbs the shear forces generated by out-of-planeloads, distributing between the skins and spreading them over a larger area while maintaining the skins at a fixed distance. The core’s function is to support the skins so that they do not deform inwardly or outwardly to keep them in a relative position to each other. The core materials can be made of a variety of materials such as wood, aluminum, and a variety of foams.
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.
Segment Analysis
Segmentations
List of Sub-Segments
Dominant and Fastest-Growing Segments
Core Material-Type Analysis
PVC, SAN, PET, and Balsa
PVC is expected to remain the most dominant material type in the market during the forecast period due to cost-effectiveness and moisture resistance.
Boat-Type Analysis
Outboard Boats, Sterndrive Boats, PWC, and Others
Outboard boat is expected to remain the biggest demand generator for core materials during the forecast period.
Regional Analysis
North America, Europe, Asia-Pacific, and Rest of the World
North America is expected to remain the largest market over the next six years, whereas Asia-Pacific is likely to grow at the fastest rate during the same period.
Boat Insights
"The outboard boatsegment accounted for the largest market share."
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.
"The PVCsegment accounted for the largest market share."
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.
Regional Trends
"North Americaaccounted for the largest market share."
In terms of regions, North America is expected to remain the largest market for marine structural core materials during the forecast period. 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.
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Key Players
The market is fairly consolidated with the presence of some regional and global players. The following are the key players in the marine structural core materials market. Most of the major players are providing core materials to other end-use industries too.
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
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.
What deliverables will you get in this report?
Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth analysis of the Marine Structural Core Materials Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
Will I get the information on my specific requirement?
10% free customization
The marine structural core materials market is segmented into the following categories:
By Core MaterialType
PVC
SAN
PET
Others
By Boat Type
Outboard Boats
Sterndrive Boats
PWC
Others
By Region
North America (Country Analysis: The USA, Canada, and Mexico)
Europe (Country Analysis: Germany, France, Spain, Sweden, and Rest of Europe)
Asia-Pacific (Country Analysis: Japan, China, New Zealand, and Rest of Asia-Pacific)
Rest of the World (Country Analysis: Brazil, and Others)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s marine structural core materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Detailed profiling of additional market players (up to three players)
SWOT analysis of key players (up to three players)
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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Core materials refer to the central component of sandwich construction. The well-known core materials used in sandwich construction are honeycomb, foam, and balsa. This core material absorbs the shear forces generated by out-of-planeloads, distributing between the skins and spreading them over a larger area while maintaining the skins at a fixed distance. The core’s function is to support the skins so that they do not deform inwardly or outwardly to keep them in a relative position to each other. The core materials can be made of a variety of materials such as wood, aluminum, and a variety of foams.
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 the quick market recovery.
North America is estimated to remain dominant in the marine structural core materials market in the foreseeable future as the region is the largest producer of recreational boats.
DIAB International AB, Gurit Holding AG, 3A Composites GmbH, Armacell International S.A., Changzhou Tiansheng New Materials Co. Ltd. (China), Maricell S.r.l., and I-Core Composites, LLC are the leading players in the marine structural core materials market.
The marine structural core materials market is estimated to grow at a CAGR of 3.0% by 2030 driven by increased preference for outdoor recreational activity amid the pandemic, excellent performance of composites, and increasing usage of recyclable materials in the market.
