The marine market is the most deeply penetrated of all end markets served by the composites industry. Yachts, sailboats and other boats use lots of marine composites. For decades, composites have been the material of choice for marine manufacturers to build beautiful and innovative boats, ships, pipes and personal watercraft.
The composites have been the material of choice for marine manufacturers to build beautiful and innovative boats, ships, pipes and personal watercraft. Marine composites are an integral part of the marine industry. As the marine material downstream application, Powerboats is its largest downstream market, which took up 51.66% of the consumption in 2015.
In 2015, the global marine composites market is led by USA, Europe and China, where the Gurit is an important producer. USA is the largest production region of marine composites in the world in the past few years and it will keep the same position in the next five years. The USA market took up about 49.87% in the global production market in 2015. Europe is the second-largest region-wise market.
The market has reached saturation levels in the USA and Europe regions, while it is expanding in emerging economies such as the Asia-Pacific, Middle East, and Latin American regions. The world’s large enterprises are mainly concentrated in these regions.
According to this study, over the next five years the Marine Composites market will register a 4.6% CAGR in terms of revenue, the global market size will reach US$ 1520 million by 2024, from US$ 1160 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Marine Composites business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Marine Composites market by product type, application, key manufacturers and key regions and countries.
This study considers the Marine Composites value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Glass Fiber Reinforced Plastics (GFRPs)
Polymer Fiber Reinforced Plastics (PFRPs)
Carbon Fiber Reinforced Plastics (CFRPs)
Others
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Powerboats
Sailboats
Cruise Liner
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Gurit
Owens Corning
Toray
DuPont
Johns Manville
Hexcel Corporation
Cytec Solvay Group
3A Composites
Future Pipe Industries
SGL Group
National Oilwell Varco
Janicki Industries
Marine Plastics
Jiumei Fiber Glass
PE Composites
Pipe Composites
Aeromarine Industries
Teijin
AGC
Mitsubishi Rayon
PPG
TenCate
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Marine Composites consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Marine Composites market by identifying its various subsegments.
Focuses on the key global Marine Composites manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Marine Composites with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Marine Composites submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Marine Composites . Industry analysis & Market Report on Marine Composites is a syndicated market report, published as Global Marine Composites Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Marine Composites market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.