The global marine composite materials market is expected to grow at a CAGR of 4.5% during the forecast period, from 2021 to 2030. The growth of this market is attributed to the increasing demand for lightweight and durable materials in the marine industry. The demand for these materials is driven by their high strength-to-weight ratio, which makes them suitable for use in various applications such as powerboats, sailboats, cruise liners, personal watercrafts and jet boats.
The carbon fiber reinforced plastics (CFRPs) segment accounted for the largest share of this market in 2018 due to its high strength-to-weight ratio and low cost per unit weight when compared with other types of composite materials such as glass fiber reinforced plastics (GFRPs), foam core materials and metal composites. CFRP composites are used in various applications such as powerboats, sailboats, cruise liners and personal watercrafts owing to their light weight properties that reduce fuel consumption while improving performance levels.
Some Of The Growth Factors Of This Market:
- Increasing demand for lightweight and corrosion-resistant materials in the construction industry is expected to drive the growth of this market over the forecast period owing to their ability to reduce weight without compromising on strength or durability, which are key factors that contribute towards cost savings during transportation and installation process.
Industry Growth Insights published a new data on “Marine Composite Materials Market”. The research report is titled “Marine Composite Materials Market research by Types (Carbon Fiber Reinforced Plastics (CFRPs), Glass Fiber Reinforced Plastics (GFRPs), Foam Core Materials, Metal Composites), By Applications (Powerboats, Sailboats, Cruise Liner, Personal Watercraft, Jet Boats), By Players/Companies Cytec Industries, 3A Composites, Toray Industries, Gurit Holding, Hexcel Corporation, Zoltek Companies, Koninklijke Ten Cate, Owens Corning Corporation, Taijin, Hexcel Corporation, DowDuPont”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Marine Composite Materials Market Research Report
By Type
Carbon Fiber Reinforced Plastics (CFRPs), Glass Fiber Reinforced Plastics (GFRPs), Foam Core Materials, Metal Composites
By Application
Powerboats, Sailboats, Cruise Liner, Personal Watercraft, Jet Boats
By Companies
Cytec Industries, 3A Composites, Toray Industries, Gurit Holding, Hexcel Corporation, Zoltek Companies, Koninklijke Ten Cate, Owens Corning Corporation, Taijin, Hexcel Corporation, DowDuPont
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Marine Composite Materials Market Report Segments:
The global Marine Composite Materials market is segmented on the basis of:
Types
Carbon Fiber Reinforced Plastics (CFRPs), Glass Fiber Reinforced Plastics (GFRPs), Foam Core Materials, Metal Composites
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Powerboats, Sailboats, Cruise Liner, Personal Watercraft, Jet Boats
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cytec Industries
- 3A Composites
- Toray Industries
- Gurit Holding
- Hexcel Corporation
- Zoltek Companies
- Koninklijke Ten Cate
- Owens Corning Corporation
- Taijin
- Hexcel Corporation
- DowDuPont
Highlights of The Marine Composite Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Carbon Fiber Reinforced Plastics (CFRPs)
- Glass Fiber Reinforced Plastics (GFRPs)
- Foam Core Materials
- Metal Composites
- By Application:
- Powerboats
- Sailboats
- Cruise Liner
- Personal Watercraft
- Jet Boats
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Marine Composite Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Marine composite materials are a type of material that is used to make boats, ships, and other marine equipment. These materials are made up of different types of plastic and metal alloys. They can be very strong and durable, which is why they are often used in marine equipment.
Some of the key players operating in the marine composite materials market are Cytec Industries, 3A Composites, Toray Industries, Gurit Holding, Hexcel Corporation, Zoltek Companies, Koninklijke Ten Cate, Owens Corning Corporation, Taijin, Hexcel Corporation, DowDuPont.
The marine composite materials market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Marine Composite Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Marine Composite Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Marine Composite Materials Market - Supply Chain
4.5. Global Marine Composite Materials Market Forecast
4.5.1. Marine Composite Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Marine Composite Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Marine Composite Materials Market Absolute $ Opportunity
5. Global Marine Composite Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Marine Composite Materials Market Size and Volume Forecast by Type
5.3.1. Carbon Fiber Reinforced Plastics (CFRPs)
5.3.2. Glass Fiber Reinforced Plastics (GFRPs)
5.3.3. Foam Core Materials
5.3.4. Metal Composites
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Marine Composite Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Marine Composite Materials Market Size and Volume Forecast by Application
6.3.1. Powerboats
6.3.2. Sailboats
6.3.3. Cruise Liner
6.3.4. Personal Watercraft
6.3.5. Jet Boats
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Marine Composite Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Marine Composite Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Marine Composite Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Marine Composite Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Marine Composite Materials Demand Share Forecast, 2019-2026
9. North America Marine Composite Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Marine Composite Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Marine Composite Materials Market Size and Volume Forecast by Application
9.4.1. Powerboats
9.4.2. Sailboats
9.4.3. Cruise Liner
9.4.4. Personal Watercraft
9.4.5. Jet Boats
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Marine Composite Materials Market Size and Volume Forecast by Type
9.7.1. Carbon Fiber Reinforced Plastics (CFRPs)
9.7.2. Glass Fiber Reinforced Plastics (GFRPs)
9.7.3. Foam Core Materials
9.7.4. Metal Composites
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Marine Composite Materials Demand Share Forecast, 2019-2026
10. Latin America Marine Composite Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Marine Composite Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Marine Composite Materials Market Size and Volume Forecast by Application
10.4.1. Powerboats
10.4.2. Sailboats
10.4.3. Cruise Liner
10.4.4. Personal Watercraft
10.4.5. Jet Boats
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Marine Composite Materials Market Size and Volume Forecast by Type
10.7.1. Carbon Fiber Reinforced Plastics (CFRPs)
10.7.2. Glass Fiber Reinforced Plastics (GFRPs)
10.7.3. Foam Core Materials
10.7.4. Metal Composites
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Marine Composite Materials Demand Share Forecast, 2019-2026
11. Europe Marine Composite Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Marine Composite Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Marine Composite Materials Market Size and Volume Forecast by Application
11.4.1. Powerboats
11.4.2. Sailboats
11.4.3. Cruise Liner
11.4.4. Personal Watercraft
11.4.5. Jet Boats
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Marine Composite Materials Market Size and Volume Forecast by Type
11.7.1. Carbon Fiber Reinforced Plastics (CFRPs)
11.7.2. Glass Fiber Reinforced Plastics (GFRPs)
11.7.3. Foam Core Materials
11.7.4. Metal Composites
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Marine Composite Materials Demand Share, 2019-2026
12. Asia Pacific Marine Composite Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Marine Composite Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Marine Composite Materials Market Size and Volume Forecast by Application
12.4.1. Powerboats
12.4.2. Sailboats
12.4.3. Cruise Liner
12.4.4. Personal Watercraft
12.4.5. Jet Boats
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Marine Composite Materials Market Size and Volume Forecast by Type
12.7.1. Carbon Fiber Reinforced Plastics (CFRPs)
12.7.2. Glass Fiber Reinforced Plastics (GFRPs)
12.7.3. Foam Core Materials
12.7.4. Metal Composites
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Marine Composite Materials Demand Share, 2019-2026
13. Middle East & Africa Marine Composite Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Marine Composite Materials Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Marine Composite Materials Market Size and Volume Forecast by Application
13.4.1. Powerboats
13.4.2. Sailboats
13.4.3. Cruise Liner
13.4.4. Personal Watercraft
13.4.5. Jet Boats
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Marine Composite Materials Market Size and Volume Forecast by Type
13.7.1. Carbon Fiber Reinforced Plastics (CFRPs)
13.7.2. Glass Fiber Reinforced Plastics (GFRPs)
13.7.3. Foam Core Materials
13.7.4. Metal Composites
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Marine Composite Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Marine Composite Materials Market: Market Share Analysis
14.2. Marine Composite Materials Distributors and Customers
14.3. Marine Composite Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cytec Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. 3A Composites
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Toray Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Gurit Holding
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hexcel Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zoltek Companies
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Koninklijke Ten Cate
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Owens Corning Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Taijin
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hexcel Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. DowDuPont
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
