Global Marine Composites Market is Rising Exponentially with the CAGR of 5.3% During the Anticipated Period of 2018 to 2025

Marine Composites Market is forecast to grow at a CAGR of 5.3% for the forecast period of 2018 to 2025 to an estimated value of USD 5.44 billion by 2025, from USD 3.60 billion in 2017 with factors such as high costs of carbon fibers involved in the manufacturing along with danger of substitutes in the technology will restrict the growth of the market.

Moreover, the technological development and rising leisure boat market will further boost various new opportunities that will fuel the growth of the marine composites market in the above mentioned forecast period.

Marine Composites Market Scenario

According to Data Bridge Market Research the marine composites market in developing regions is witnessing a growth in terms of its adoption rate, due to the rising demand for high speed vessels. Rising need for fuel efficient vessels and technological advancement in the maritime logistics are also anticipated to enhance the growth of marine composites market in the forecast period of 2018 to 2025.

Now the question is which are the regions that marine composites market players should target? Data Bridge Market Research has forecasted large growth in North America owing to growing recreation boating in this region.

For more analysis on the marine composites market, request for a briefing with our analysts

Marine Composites Market Scope

Marine composites market is segmented on the basis of countries into U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa.

  • All country based analysis of the marine composites market is further analyzed based on maximum granularity into further segmentation. On the basis of composite type, the marine composites market is segmented into metal matrix composite, ceramic matrix composite and polymer matrix composite. On the basis of fiber type, the marine composites market is segmented into glass fiber, carbon fiber, natural fibers and others. Based on resin type, the marine composites market is segmented into polyester, vinyl ester, epoxy, thermoplastic, phenolic, acrylic and others. Based on vessel type, the marine composites market is segmented into power boats, sailboats, cruise ships, cargo vessels, naval boats, jet boats, personal watercraft and others.
  • Marine composites are utilized in fibers and resins to pass on their tensile potency and advance their properties. Marine composite are broadly used in shafts, hull shells, piping, ducts, and gratings among others. 

To know more about the study

Key Pointers Covered in Marine Composites Market Industry Trends and Forecast to 2025

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Cost of Care Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Owens Corning
  • SGL Group - The Carbon Company
  • Cytec Solvay Group
  • Mitsubishi Chemical Corporation
  • Hexcel Corporation
  • DuPont
  • Gurit (UK)
  • Premier Composite Technologies (PCT)
  • Aeromarine Industries Ltd
  • Airborne
  • Composites One
  • Hexion
  • Marine Concepts / Design Concepts
  • Cytec Solvay Group
  • Airex AG
  • Fleming Marine Composites
  • Multimarine Manufacturing Ltd
  • ACM&C 

Above are the key players covered in the report, to know about more and exhaustive list of marine composites companies, contact us

Research Methodology of Global Marine Composites Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecast using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global Vs Regional Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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