According to our (Global Info Research) latest study, the global Marine Composites market size was valued at USD 1439.5 million in 2023 and is forecast to a readjusted size of USD 1946.2 million by 2030 with a CAGR of 4.4% during review period.
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.
In our report, major marine composite products include glass fiber composites, polymer fiber materials and carbon fiber composites. In this industry, major industry participants are engaged in widening their product portfolio and developing superior quality marine composites to attain sustainability and gain market share.
Global Marine Composites key players include Gurit, Owens Corning, Johns Manville, 3A Composites, etc. Global top four manufacturers hold a share over 20%.
USA is the largest market, with a share over 45%, followed by Europe, and APAC, both have a share over 40 percent.
In terms of product, Glass Fiber Reinforced Plastics (GFRPs) is the largest segment, with a share over 80%. And in terms of application, the largest application is Powerboats, followed by Sailboats, Cruise liner, etc.
The Global Info Research report includes an overview of the development of the Marine Composites industry chain, the market status of Powerboats (Glass Fiber Reinforced Plastics (GFRPs), Polymer Fiber Reinforced Plastics (PFRPs)), Sailboats (Glass Fiber Reinforced Plastics (GFRPs), Polymer Fiber Reinforced Plastics (PFRPs)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Marine Composites.
Regionally, the report analyzes the Marine Composites markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Marine Composites market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Marine Composites market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Marine Composites industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (MT), revenue generated, and market share of different by Type (e.g., Glass Fiber Reinforced Plastics (GFRPs), Polymer Fiber Reinforced Plastics (PFRPs)).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Marine Composites market.
Regional Analysis: The report involves examining the Marine Composites market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Marine Composites market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Marine Composites:
Company Analysis: Report covers individual Marine Composites manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Marine Composites This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Powerboats, Sailboats).
Technology Analysis: Report covers specific technologies relevant to Marine Composites. It assesses the current state, advancements, and potential future developments in Marine Composites areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Marine Composites market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Marine Composites market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Glass Fiber Reinforced Plastics (GFRPs)
Polymer Fiber Reinforced Plastics (PFRPs)
Carbon Fiber Reinforced Plastics (CFRPs)
Others
Market segment by Application
Powerboats
Sailboats
Cruise Liner
Others
Major players covered
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
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Marine Composites product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Marine Composites, with price, sales, revenue and global market share of Marine Composites from 2019 to 2024.
Chapter 3, the Marine Composites competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Marine Composites breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Marine Composites market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Marine Composites.
Chapter 14 and 15, to describe Marine Composites sales channel, distributors, customers, research findings and conclusion.
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 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Marine Composites market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.