Marine Composites Market (Carbon Fiber Reinforced Plastics, Foam Core Materials, and Glass Fiber Reinforced Plastics) and Forecast by 2022

By Joel John Chemical & Materials

According to the report, the global marine composites market was valued at around USD 1.12 billion in 2016 and is expected to reach around USD 1.70 billion by 2022, growing at a CAGR of around 7.3% between 2017 and 2022. In terms of volume, global marine composites market stood at approximately 156.54-kilo tons in 2016.Marine composites play a vital role in the marine industry. Marine composites are primarily employed to reduce the overall weight of the ship, boats, etc. Therefore, this parameter increases the fuel efficiency and provides high performance to the water vehicle. Thus, marine composites market is expected to poise the surging CAGR during the coming years.

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According to the report, the global marine composites market was valued at around USD 1.12 billion in 2016 and is expected to reach around USD 1.70 billion by 2022, growing at a CAGR of around 7.3% between 2017 and 2022. In terms of volume, global marine composites market stood at approximately 156.54-kilo tons in 2016.

Composites are a multitude of materials that retain distinct properties of the end product. Marine composites are eligible of reducing weight and carbon emission as well as increase the stiffness and strength of the end applications. They are produced using different techniques and process depending on the material. For instance, for building long, continuous cable trays pultrusion is a process used. Marine composite is primarily used for subsea and defense applications worldwide.

Growing demand for fuel efficient vehicles for subsea applications is a major driving force of global marine composites market. Stringent rules and regulations to lessen the greenhouse gas emissions are expected to drive the demand for marine composites in the near future. However, the high cost of technology coupled with stringent regulations related to styrene in Europe is a major restraint of the market. Nonetheless, advancing technologies and growing demand for leisure boats are projected to offer new wings to the marine composites market during the years to come.

Global-Marine-Composites-Market-Revenue_011

Based on different types of composites, the global marine composites market is primarily driven by rising demand for glass fiber reinforced plastics. In addition, glass fiber reinforced plastics dominated the global marine composites market in 2016. It accounted for more than 45% share of the total market and further this trend is predicted to continue over the next few years. Moreover, carbon fiber reinforced plastics are expected to be the fastest-growing segment of global marine composites market. Foam core material is also expected to witness moderate growth in the forthcoming years.

Cruise liners, powerboats, sailboats are major applications of global marine composites market. Among these, power boat was the leading segment of the marine composite market in 2016.  It accounted for a significant share of the total market in 2016. In addition, powerboats are projected to be the fastest growing application segment of global marine composites market within the forecast period. Growing penetration of out-of-autoclave prepregs coupled with growing usage of bio-plastics composites in numerous sectors is likely to fuel the demand for marine composites in the near future.

North America dominated the market of global marine composites market in 2016. It accounted for the largest share of the total volume consumption and is also predicted to be the fastest-growing market of marine composites over the next few years. North America was followed by Europe and Asia-Pacific in the same year. Furthermore, Latin America and Asia-Pacific is expected to experience noteworthy growth due to the emerging boat manufacturing industries in both the region. Middle East & Africa is likely to have decent growth of marine composites market in the coming years.

Major vendors of global marine composites market include E. I. du Pont de Nemours and Company, 3A Composites GmbH, Hexcel Corporation, Cytec Industries Inc., Zoltek Companies Inc., Toray Industries Inc. Owens Corning and among others.

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[wptab name=’Table of content’]

  • 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global Marine Composites Market Revenue, 2014 – 2022 (USD Million)
    • 2.2. Global Marine Composites Market : Snapshot
  • Chapter 3. Marine Composites– Market Dynamics
    • 3.1. Introduction
    • 3.2. Value Chain Analysis
    • 3.3. Market Drivers
      • 3.3.1. Drivers of global marine composites market: Impact analysis
      • 3.3.2. Increasing demand for waterborne marine composites derivatives
    • 3.4. Market Restraints
      • 3.4.1. Restraints for global marine composites market: Impact analysis
      • 3.4.2. High cost of production
    • 3.5. Opportunities
      • 3.5.1. Research and Development
    • 3.6. Porter’s Five Forces Analysis
    • 3.7. Market Attractiveness Analysis
      • 3.7.1. Market attractiveness analysis by product segment
      • 3.7.2. Market attractiveness analysis by application segment
      • 3.7.3. Market attractiveness analysis by region segment
  • Chapter 4. Global Marine Composites Market – Competitive Landscape
    • 4.1. Company market share analysis, 2016 (subject to data availability)
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Types Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
    • 4.3. Research and Development, Types and Regional Expansion
  • Chapter 5. Global Marine Composites Market – Product Analysis
    • 5.1. Marine composites market: Product segment analysis
      • 5.1.1. Global marine composites market share by product segment, 2016 – 2022
    • 5.2. Carbon Fiber Reinforced Plastics
      • 5.2.1. Global carbon fiber reinforced plastics marine composites market , 2014 – 2022, (Kilo Tons) (USD Million)
    • 5.3. Glass Fiber Reinforced Plastics
      • 5.3.1. Global glass fiber reinforced plastics marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
    • 5.4. Foam Core Applications
      • 5.4.1. Global transition and base metals marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
    • 5.5. Others (Including out-of-autoclave prepregs, etc.)
      • 5.5.1. Global chemical compound marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
  • Chapter 6. Global Marine Composites Market: Application Analysis
    • 6.1. Global marine composites market: application overview
      • 6.1.1. Global marine composites market volume share by application, 2016 and 2022
    • 6.2. Powerboats
      • 6.2.1. Global marine composites market for powerboats application, 2014 – 2022 (Kilo Tons) (USD Million)
    • 6.3. Sailboats
      • 6.3.1. Global non-medical marine composites market for sailboats, 2014 – 2022 (Kilo Tons) (USD Million)
    • 6.4. Cruise liner
      • 6.4.1. Global marine composites market for cruise liner applications, 2014 – 2022 (Kilo Tons) (USD Million)
    • 6.5. Others
      • 6.5.1. Global marine composites market for others applications, 2014 – 2022 (Kilo Tons ) (USD Million)
  • Chapter 7. Global Marine Composites Market: Regional Analysis
    • 7.1. Global marine composites market: Regional overview
      • 7.1.1. Global marine composites market volume share by region, 2016 and 2022
    • 7.2. North America
      • 7.2.1. North America marine composites market volume, by product, 2014 – 2022, ( Kilo Tons)
      • 7.2.2. North America marine composites market revenue, by product, 2014 – 2022, (USD Million)
      • 7.2.3. North America marine composites market volume, by application, 2014 – 2022, ( Kilo Tons)
      • 7.2.4. North America marine composites market revenue, by application, 2014 – 2022, (USD Million)
    • 7.3. Europe
      • 7.3.1. Europe marine composites market volume, by product, 2014 – 2022 (Kilo Tons)
      • 7.3.2. Europe marine composites market revenue, by product, 2014 – 2022 (USD Million)
      • 7.3.3. Europe marine composites market volume, by application, 2014 – 2022 (Kilo Tons)
      • 7.3.4. Europe marine composites market revenue, by application, 2014 – 2022 (USD Million)
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific marine composites market volume, by product, 2014 – 2022 ( Kilo Tons)
      • 7.4.2. Asia Pacific marine composites market revenue, by product, 2014 – 2022 (USD Million)
      • 7.4.3. Asia Pacific marine composites market volume, by application, 2014 – 2022 ( Kilo Tons)
      • 7.4.4. Asia Pacific marine composites market revenue, by application, 2014 – 2022 (USD Million)
    • 7.5. Latin America
      • 7.5.1. Latin America marine composites market volume, by product, 2014 – 2022 ( Kilo Tons)
      • 7.5.2. Latin America marine composites market revenue, by product, 2014 – 2022 (USD Million)
      • 7.5.3. Latin America marine composites market volume, by application, 2014 – 2022 ( Kilo Tons)
      • 7.5.4. Latin America marine composites market revenue, by application, 2014 – 2022 (USD Million)
    • 7.6. Middle East and Africa
      • 7.6.1. Middle East and Africa marine composites market volume, by product, 2014 – 2022 ( Kilo Tons)
      • 7.6.2. Middle East and Africa marine composites market revenue, by product, 2014 – 2022 (USD Million)
      • 7.6.3. Middle East and Africa marine composites market volume, by application, 2014 – 2022 ( Kilo Tons)
      • 7.6.4. Middle East and Africa marine composites market revenue, by application, 2014 – 2022 (USD Million)
  • Chapter 8. Company Profiles
    • 8.1. 3A Composites GmbH
      • 8.1.1. Company Overview
      • 8.1.2. Financials
      • 8.1.3. Product Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Cytec Industries Inc.
      • 8.2.1. Company Overview
      • 8.2.2. Financials
      • 8.2.3. Product Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. E. I. du Pont de Nemours and Company
      • 8.3.1. Company Overview
      • 8.3.2. Financials
      • 8.3.3. Product Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Gurit Holding AG
      • 8.4.1. Company Overview
      • 8.4.2. Financials
      • 8.4.3. Product Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Hexcel Corporation
      • 8.5.1. Company Overview
      • 8.5.2. Financials
      • 8.5.3. Product Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Developments
    • 8.6. Toray Industries Inc
      • 8.6.1. Company Overview
      • 8.6.2. Financials
      • 8.6.3. Product Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Developments
    • 8.7. Zoltek Companies Inc
      • 8.7.1. Company Overview
      • 8.7.2. Financials
      • 8.7.3. Business Strategy
      • 8.7.4. Product Portfolio
      • 8.7.5. Recent Developments

List of Figures

1. Market research process
2. Market research methodology
3. Global marine composites market volume and revenue, 2014 – 2022 (Kilo Tons ) (USD Million)
4. Value chain analysis
5. Porter’s five forces analysis
6. Marine Composites: Market attractiveness analysis, by product segment
7. Marine Composites: Market attractiveness analysis, by application segment
8. Marine Composites: Market attractiveness analysis, by regional segment
9. Company market share analysis, 2014
10. Global marine composites market volume share by product, 2014 and 2022
11. Global carbon fiber reinforced plastics marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
12. Global glass fiber reinforced plastics marine composites market, 2014 – 2022, (Kilo Tons ) (USD Million)
13. Global foam core applications marine composites market, 2014 – 2022, (Kilo Tons ) (USD Million)
14. Global other marine composites market, 2014 – 2022 (Kilo Tons ) (USD Million)
15. Global marine composites market volume share by application, 2014 and 2022
16. Global marine composites market for powerboats, 2014 – 2022, (Kilo Tons) (USD Million)
17. Global marine composites market for sailboats, 2014 – 2022, (Kilo Tons) (USD Million)
18. Global marine composites market for cruise liner, 2014 – 2022, (Kilo Tons) (USD Million)
19. Global marine composites market for others, 2014 – 2022, (Kilo Tons) (USD Million)
20. Global marine composites market volume share by region, 2014 and 2022
21. North America marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
22. Europe marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
23. Asia Pacific marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
24. Latin America marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)
25. Middle East & Africa marine composites market, 2014 – 2022, (Kilo Tons) (USD Million)

List of Tables

1. Marine composites market: Market snapshot
2. Product type of marine composites market
3. Drivers of global marine composites market: Impact analysis
4. Restraints of global marine composites market: Impact analysis
5. North America marine composites market volume, by product, 2014 – 2022 (Kilo Tons)
6. North America marine composites market revenue, by product, 2014 – 2022 (USD Million)
7. North America marine composites market volume, by application, 2014 – 2022 (Kilo Tons)
8. North America marine composites market revenue, by application, 2014 – 2022 (USD Million)
9. Europe marine composites market volume, by product, 2014 – 2022 (Kilo Tons)
10. Europe marine composites market revenue, by product, 2014 – 2022 (USD Million)
11. Europe marine composites market volume, by application, 2014 – 2022 (Kilo Tons)
12. Europe marine composites market revenue, by application, 2014 – 2022 (USD Million)
13. Asia Pacific marine composites market volume, by product, 2014 – 2022 (Kilo Tons)
14. Asia Pacific marine composites market revenue, by product 2014 – 2022 (USD Million)
15. Asia Pacific marine composites market volume, by application, 2014 – 2022 ( Kilo Tons)
16. Asia Pacific marine composites market revenue, by application, 2014 – 2022 (USD Million)
17. Latin America marine composites market volume, by product, 2014 – 2022 (Kilo Tons)
18. Latin America marine composites market revenue, by product – 2022 (USD Million)
19. Latin America marine composites market revenue, by application, 2014 – 2022 (USD Million)
20. Latin America marine composites market volume, by application, 2014 – 2022 (Kilo Tons)
21. The Middle East and Africa marine composites market volume, by product, 2014 – 2022 (Kilo Tons)
22. The Middle East and Africa marine composites market revenue, by product – 2022 (USD Million)
23. The Middle East and Africa marine composites market volume, by product, 2014 – 2022 ( Kilo Tons)
24. The Middle East and Africa marine composites market revenue, by product, 2014 – 2022 (USD Million)
25. The Middle East and Africa marine composites market volume, by application, 2014 – 2022 (Kilo Tons)
26.  The Middle East and Africa marine composites market revenue, application, 2014 – 2022 (USD Million)

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