Global Marine Composites Market Trends

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Global Marine Composites Market Size, Share, and Trends Analysis Report Trends

  • Chemical and Materials
  • Jun 2024
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Growing Use of Polymer Matrix in Marine Applications

  • The marine composites market is witnessing a significant trend towards the adoption of polymer matrix composites, which offer a combination of high strength, corrosion resistance, and lightweight properties, making them ideal for various marine applications
  • Polymer matrix composites are increasingly favored in shipbuilding due to their ease of manufacturing and cost-effectiveness compared to metal matrix and ceramic matrix composites
  • The use of glass fiber within polymer matrix composites is projected to dominate the market, attributed to its lower cost and favorable mechanical properties
  • Polyester resin, a key component in polymer matrix composites, is anticipated to hold the largest market share due to its excellent mechanical, thermal, and electrical properties, along with its affordability
  • The dominance of polymer matrix composites in the marine industry is further reinforced by their application in constructing various marine structures such as boat hulls and decks, enhancing vessel performance and fuel efficiency 
    • For instance, the integration of polymer matrix composites in power boats has led to improved fuel efficiency and reduced maintenance costs, highlighting their growing significance in the marine sector
  • In conclusion, the marine composites market is increasingly leaning towards polymer matrix composites, driven by their superior properties and cost advantages, positioning them as a preferred choice for modern marine applications