Marine Composites Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Marine Composites Market covers analysis By Composite Type (Ceramic Matrix Composite (CMC), Metal Matrix Composite (MMC), Polymer Matrix Composite (PMC), Others); Type (Fiber Type, Hybrid Composites, Foam Core Materials, Resin Type, Other); Vessel Type (Sailboats, Cruise Ships, Power Boats, Other Vessel) And , and by Geography (North America, Europe, Asia Pacific, and South and Central America)

  • Report Code : TIPRE00005100
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
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MARKET OVERVIEW

Marine composites are materials that are used in the construction of boats, ships, and other marine vessels. They are made from a combination of fibers, such as fiberglass, carbon fiber, and aramid fiber, and a resin, such as epoxy or polyester. Marine composites are known for their strength, durability, and resistance to weathering, corrosion, and impact damage. The uses of marine composites are varied and include boat hulls, decks, superstructures, masts, and interior furnishings. They are used in both recreational and commercial applications, including sailboats, power boats, yachts, and cargo ships. The advantages of marine composites over traditional materials, such as wood, aluminum, and steel, include lighter weight, improved fuel efficiency, and greater design flexibility. Marine composites also have the ability to be molded into complex shapes, making them ideal for use in high-performance vessels. The end-users of marine composites include boat and ship manufacturers, as well as repair and maintenance companies. The marine composites market is predicted to grow in coming years due to the increasing demand for high-performance boats and ships, as well as the desire to reduce fuel consumption and emissions in the marine industry.

MARKET DYNAMICS

The marine composites market is growing at a significant pace owing to driving factors such as high demand for lightweight sailboats and cruise vessels. As lightweight aircraft are deployed to increase the performance and efficiency of the vessel, it is likely to drive the demand for the marine composites market in the coming years. An increase in disposable income steaming up the demand of yachts which again gives a positive drive to the marine composite market. Aerospace plastics' less reusability and reparability may hamper the market. However, growing economies like China and India where cargo movement has grown over the period of time lay an excellent opportunity for the marine composites market.

MARKET SCOPE

The "Marine Composites Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the marine composites market with detailed market segmentation by composite type, type, vessel type, and region. The marine composites market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading marine composites market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The marine composites market is segmented on the basis of fiber type, resin type, vessel type. . On the basis of fiber type, the marine composites market is segmented into, glass fiber, carbon fiber, aramid, natural fibers, and others. On the basis of resin type, the marine composites market is segregated into, polyester, vinyl ester, epoxy, thermoplastic, and others. Based on vessel type, the marine composites market is segmented into, sailboats, cruise ships, power boats, and other vessels.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the marine composites market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Marine composites market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the marine composites market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Marine composites market in these regions.

MARKET PLAYERS

The reports cover key developments in the Marine composites market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from marine composites market are anticipated to lucrative growth opportunities in the future with the rising demand for marine composites in the global market. Below mentioned is the list of few companies engaged in the marine composites market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Marine composites market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • Mitsubishi Rayon Co. Ltd.
  • Hexcel Corporation
  • Owens Corning
  • Cytec Solvay Group
  • E. I. Du Pont De Nemours and Company
  • Gurit Holding
  • SGL Group
  • Airborne
  • Teijin Limited

Marine Composites Report Scope

Report Attribute Details
Market size in 2023 US$ XX Million
Market Size by 2031 US$ XX Million
Global CAGR (2023 - 2031) XX%
Historical Data 2021-2022
Forecast period 2024-2031
Segments Covered By Composite Type
  • Ceramic Matrix Composite
  • Metal Matrix Composite
  • Polymer Matrix Composite
By Type
  • Fiber Type
  • Hybrid Composites
  • Foam Core Materials
  • Resin Type
By Vessel Type
  • Sailboats
  • Cruise Ships
  • Power Boats
  • Other Vessel
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Mitsubishi Rayon Co. Ltd.
  • Hexcel Corporation
  • Owens Corning
  • Cytec Solvay Group
  • E. I. Du Pont De Nemours and Company
  • Gurit Holding
  • SGL Group
  • Airborne
  • Teijin Limited
    • Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
    • PEST and SWOT Analysis
    • Market Size Value / Volume - Global, Regional, Country
    • Industry and Competitive Landscape
    • Excel Dataset
    Report Coverage

    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered

    Segment Covered

    This text is related
    to segments covered.

    Regional Scope

    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope

    Country Scope

    This text is related
    to country scope.

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    The List of Companies

    • Mitsubishi Rayon Co. Ltd.
    • Hexcel Corporation
    • Owens Corning
    • Cytec Solvay Group
    • E. I. Du Pont De Nemours and Company
    • Gurit Holding
    • SGL Group
    • Airborne
    • Teijin Limited

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