Global Marine Composites Market Worth USD 2.0 Billion by 2021
Global marine composites market was valued at USD approximate USD 1050.0 million in 2015 and expected to reach approximately USD 2000.0 million by 2021, growing at a CAGR of around 7.1% between 2016 and 2021.
Global marine composites market was valued at USD approximate USD 1050.0 million in 2015 and expected to reach approximately USD 2000.0 million by 2021, growing at a CAGR of around 7.1% between 2016 and 2021.
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Published By: Zion Research<br />
<strong>Marine</strong> <strong>Composites</strong> (Carbon Fiber Reinforced Plastics, Glass Fiber<br />
Reinforced Plastics, Foam Core Applications and Others) <strong>Market</strong> for<br />
Powerboats, Sailboats, Cruise Liners and Other Applications: <strong>Global</strong><br />
Industry Perspective, Comprehensive Analysis and Forecast, 2015 - <strong>2021</strong><br />
Joel John<br />
3422 SW 15 Street, Suit #8138,<br />
Deerfield Beach,<br />
Florida 33442, USA<br />
Tel: +1-386-310-3803<br />
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<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong><br />
Zion Research has published a new report titled “<strong>Marine</strong> <strong>Composites</strong> (Carbon Fiber Reinforced Plastics,<br />
Glass Fiber Reinforced Plastics, Foam Core Materials and Others) <strong>Market</strong> for Powerboats, Sailboats,<br />
Cruise Liners and Other Applications: <strong>Global</strong> <strong>Market</strong> Perspective, Comprehensive Analysis and Forecast,<br />
2015 – <strong>2021</strong>”. According to the report, the global marine composites market was valued at <strong>USD</strong><br />
approximate <strong>USD</strong> 1050.0 million in 2015 and expected to reach approximately <strong>USD</strong> 2000.0 million <strong>by</strong><br />
<strong>2021</strong>, growing at a CAGR of around 7.1% between 2016 and <strong>2021</strong>. In terms of volume, global marine<br />
composites market stood at approximately 148 kilo tons in 2015.<br />
Composite material is made <strong>by</strong> combining two or more materials with different properties that forms<br />
unique property material. Some key marine composites includes glass fiber composites, carbon fiber<br />
composites, and foam core materials that are used in manufacturing of power boats, sail boats, cruise<br />
ships, and others. <strong>Marine</strong> composites possess favorable characteristics such as high strength & fuel<br />
efficiency, reduced weight and flexibility in design.<br />
Browse the full "<strong>Marine</strong> <strong>Composites</strong> (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced<br />
Plastics, Foam Core Applications and Others) <strong>Market</strong> for Powerboats, Sailboats, Cruise Liners<br />
and Other Applications: <strong>Global</strong> Industry Perspective, Comprehensive Analysis and Forecast, 2015<br />
- <strong>2021</strong>" report at http://www.marketresearchstore.com/report/marine-composites-market-z57503<br />
The global marine composite market is anticipated to exhibit witness significant growth during the<br />
forecast period. The marine composite market is mainly driven <strong>by</strong> increasing demand for repairable and<br />
biodegradable composites coupled with technological advancement. Moreover, low manufacturing cost is<br />
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<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong><br />
projected to drive the growth of marine composite market. However, legislations related to styrene may<br />
hamper the market growth in the years to come. Furthermore, environmental awareness is expected to<br />
open up new growth opportunities of marine composites market within the forecast period.<br />
Based on products, the global marine composites market can be classified into glass fiber composites,<br />
carbon fiber composites, and foam core. In 2015, glass fiber reinforced plastics product segment<br />
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<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong><br />
accounted for largest share of market. This growth is mainly because of GFRP are affordable and offers<br />
various design for the powerboats and personal watercrafts sectors. Carbon fiber composite is another<br />
key segment accounted for over 8.9 % share of total market in 2015. Rapidly growing applications and<br />
technological advancements has been resulted into increased demand for marine composites across the<br />
globe during forecast period.<br />
<strong>Marine</strong> composites are widely used in various industries, such as powerboats, sailboats, cruise liner and<br />
others. Power boat dominated the marine composites market and is projected to show rapid growth<br />
within the forecast period. In terms of growth rate, sailboats was another leading application segment<br />
accounted for 25.0% market share in 2015 and is anticipated to gain high market share in the year to<br />
come. Strong demand for out-of-autoclave prepregs and bio-plastics composites in different application<br />
sectors are anticipated to exhibit substantial growth in the years to come.<br />
Request for sample report @ http://www.marketresearchstore.com/report/marine-compositesmarket-z57503#RequestSample<br />
In terms of geography, the global marine composite market was dominated <strong>by</strong> North America followed <strong>by</strong><br />
Europe. In 2015, Europe was the second largest regional market on account of high demand for small<br />
and water boats and is expected to be fastest growing market in the forecast period. Boat manufacturing<br />
industry is emerging in Asia Pacific, especially in China and South Korea which has been driving the<br />
marine composite market. Asia Pacific is expected to witness significant growth in the years to come.<br />
<strong>Global</strong> marine composite market is highly competitive, with the presence of key participants such as<br />
Cytec Industries Inc., Toray Industries Inc., Hexcel Corporation, Koninklijke Ten Cate nv, Taijin Ltd., E.I.<br />
du Pont de Nemours, 3A <strong>Composites</strong> GmbH, Gurit Holding AG, and Zoltek Companies Inc. are some of<br />
the major companies operating in the global marine composites market.<br />
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<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong><br />
This report segments marine composites the global market as follows:<br />
<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong> – Product Segment Analysis<br />
<br />
<br />
<br />
<br />
Carbon fiber reinforced plastics<br />
Glass fiber reinforced plastics<br />
Foam core materials<br />
Others (including metal composites, etc.)<br />
<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong> – Application Segment Analysis<br />
<br />
<br />
<br />
<br />
Powerboats<br />
Sailboats<br />
Cruise liner<br />
Others (including personal watercraft, jet boats, etc.)<br />
<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong> – Regional Segment Analysis<br />
<br />
<br />
North America<br />
o U.S.<br />
Europe<br />
o Germany<br />
o France<br />
o UK<br />
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<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong><br />
<br />
<br />
<br />
Asia Pacific<br />
o China<br />
o Japan<br />
o India<br />
Latin America<br />
o Brazil<br />
Middle East and Africa<br />
Request for sample report @ http://www.marketresearchstore.com/report/marine-compositesmarket-z57503#RequestSample<br />
sales@marketresearchstore.com
<strong>Marine</strong> <strong>Composites</strong> <strong>Market</strong><br />
Browse the full "<strong>Marine</strong> <strong>Composites</strong> (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics,<br />
Foam Core Applications and Others) <strong>Market</strong> for Powerboats, Sailboats, Cruise Liners and Other<br />
Applications: <strong>Global</strong> Industry Perspective, Comprehensive Analysis and Forecast, 2015 - <strong>2021</strong>" report<br />
at http://www.marketresearchstore.com/report/marine-composites-market-z57503<br />
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