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Market Research Report

Marine Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Published by IMARC Services Private Limited Product code 952984
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Marine Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
Published: July 18, 2020 Content info: 112 Pages
Description

The global marine composites market grew at a CAGR of around 6% during 2014-2019. Marine composites refer to a mixture of fibers and resin materials that are used to shape and reinforce marine components. Ferrocement, glass-reinforced plastic, wood fibers, carbon composites and aramid fiber are some of the most commonly used marine components. They are usually manufactured using polyester, vinyl ester, epoxy, thermoplastic, acrylic and phenolic resins. They are also used for manufacturing gratings, ducts, shafts, piping and hull shells. These composite-based parts are used for assembling powerboats, sailboats and cruise ships as they offer advantageous properties, such as high mechanical strength, fuel efficiency, reduction in the overall weight, corrosion resistance, and customizability.

One of the key factors creating a positive outlook for the market is the significant growth in the maritime industry across the globe. Furthermore, the growing demand for high speed, power and luxury boats and yachts is also providing a boost to the market growth. Marine composites are extensively used for manufacturing recreational boats that have a high strength-to-weight ratio, fuel-efficiency, improved noise damping features and lower magnetic signature. In line with this, increasing marine transportation activities and cargo movement across borders is contributing to the market growth. Composites, such as fiber-reinforced composites, are being increasingly used as they can withstand extreme pressures from winds, waves and tides and maintain their physical properties when submerged in saltwater. Additionally, various product innovations, such as the development of marine composites using renewable materials and vacuum infusion, are acting as another growth-inducing factor. These composites provide additional stiffness, vibration damping, water repellency and impact and abrasion resistance. Looking forward, IMARC Group expects the global marine composites market to continue its moderate growth during the next five years.

Breakup by Composite Type:

  • Metal Matrix Composite (MMC)
  • Ceramic Matrix Composite (CMC)
  • Polymer Matrix Composite (PMC)

Breakup by Fiber Type:

  • Glass Fiber
  • Carbon Fiber
  • Aramid Fiber
  • Natural Fiber
  • Others

Breakup by Resin Type:

  • Polyester
  • Vinyl Ester
  • Epoxy
  • Thermoplastic
  • Phenolic
  • Acrylic
  • Others

Breakup by Vessel Type:

  • Power Boats
  • Sailboats
  • Cruise Ships
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

  • The report has also analysed the competitive landscape of the market with some of the key players being 3A Composites GmbH (Schweiter Technologies), E. I. Du Pont De Nemours and Company, GMS Composites, Gurit AG, Hexcel Corporation, Hyosung Marine Co. Ltd., Owens Corning, Solvay SA, SGL Carbon SE, Teijin Limited, Zoltek Corporation (Toray Industries), etc.

Key Questions Answered in This Report:

  • How has the global marine composites market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What has been the impact of COVID-19 on the global marine composites market?
  • What is the breakup of the market based on the composite type?
  • What is the breakup of the market based on the fiber type?
  • What is the breakup of the market based on the resin type?
  • What is the breakup of the market based on the vessel type?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global marine composites market and who are the key players?
  • What is the degree of competition in the industry?
Table of Contents
Product Code: SR1019L18_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Marine Composite Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Forecast

6 Market Breakup by Composite Type

  • 6.1 Metal Matrix Composite (MMC)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Ceramic Matrix Composite (CMC)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Polymer Matrix Composite (PMC)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Fiber Type

  • 7.1 Glass Fiber
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Carbon Fiber
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Aramid Fiber
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Natural Fiber
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Resin Type

  • 8.1 Polyester
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Vinyl Ester
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Epoxy
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Thermoplastic
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Phenolic
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Acrylic
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast
  • 8.7 Others
    • 8.7.1 Market Trends
    • 8.7.2 Market Forecast

9 Market Breakup by Vessel Type

  • 9.1 Power Boats
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Sailboats
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Cruise Ships
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Others
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast

10 Market Breakup by Region

  • 10.1 North America
    • 10.1.1 United States
      • 10.1.1.1 Market Trends
      • 10.1.1.2 Market Forecast
    • 10.1.2 Canada
      • 10.1.2.1 Market Trends
      • 10.1.2.2 Market Forecast
  • 10.2 Asia Pacific
    • 10.2.1 China
      • 10.2.1.1 Market Trends
      • 10.2.1.2 Market Forecast
    • 10.2.2 Japan
      • 10.2.2.1 Market Trends
      • 10.2.2.2 Market Forecast
    • 10.2.3 India
      • 10.2.3.1 Market Trends
      • 10.2.3.2 Market Forecast
    • 10.2.4 South Korea
      • 10.2.4.1 Market Trends
      • 10.2.4.2 Market Forecast
    • 10.2.5 Australia
      • 10.2.5.1 Market Trends
      • 10.2.5.2 Market Forecast
    • 10.2.6 Indonesia
      • 10.2.6.1 Market Trends
      • 10.2.6.2 Market Forecast
    • 10.2.7 Others
      • 10.2.7.1 Market Trends
      • 10.2.7.2 Market Forecast
  • 10.3 Europe
    • 10.3.1 Germany
      • 10.3.1.1 Market Trends
      • 10.3.1.2 Market Forecast
    • 10.3.2 France
      • 10.3.2.1 Market Trends
      • 10.3.2.2 Market Forecast
    • 10.3.3 United Kingdom
      • 10.3.3.1 Market Trends
      • 10.3.3.2 Market Forecast
    • 10.3.4 Italy
      • 10.3.4.1 Market Trends
      • 10.3.4.2 Market Forecast
    • 10.3.5 Spain
      • 10.3.5.1 Market Trends
      • 10.3.5.2 Market Forecast
    • 10.3.6 Russia
      • 10.3.6.1 Market Trends
      • 10.3.6.2 Market Forecast
    • 10.3.7 Others
      • 10.3.7.1 Market Trends
      • 10.3.7.2 Market Forecast
  • 10.4 Latin America
    • 10.4.1 Brazil
      • 10.4.1.1 Market Trends
      • 10.4.1.2 Market Forecast
    • 10.4.2 Mexico
      • 10.4.2.1 Market Trends
      • 10.4.2.2 Market Forecast
    • 10.4.3 Others
      • 10.4.3.1 Market Trends
      • 10.4.3.2 Market Forecast
  • 10.5 Middle East and Africa
    • 10.5.1 Market Trends
    • 10.5.2 Market Breakup by Country
    • 10.5.3 Market Forecast

11 SWOT Analysis

  • 11.1 Overview
  • 11.2 Strengths
  • 11.3 Weaknesses
  • 11.4 Opportunities
  • 11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

  • 13.1 Overview
  • 13.2 Bargaining Power of Buyers
  • 13.3 Bargaining Power of Suppliers
  • 13.4 Degree of Competition
  • 13.5 Threat of New Entrants
  • 13.6 Threat of Substitutes

14 Price Indicators

15 Competitive Landscape

  • 15.1 Market Structure
  • 15.2 Key Players
  • 15.3 Profiles of Key Players
    • 15.3.1 3A Composites GmbH (Schweiter Technologies)
      • 15.3.1.1 Company Overview
      • 15.3.1.2 Product Portfolio
      • 15.3.1.3 Financials
    • 15.3.2 E. I. Du Pont De Nemours and Company
      • 15.3.2.1 Company Overview
      • 15.3.2.2 Product Portfolio
      • 15.3.2.3 Financials
    • 15.3.3 GMS Composites
      • 15.3.3.1 Company Overview
      • 15.3.3.2 Product Portfolio
    • 15.3.4 Gurit AG
      • 15.3.4.1 Company Overview
      • 15.3.4.2 Product Portfolio
    • 15.3.5 Hexcel Corporation
      • 15.3.5.1 Company Overview
      • 15.3.5.2 Product Portfolio
      • 15.3.5.3 Financials
      • 15.3.5.4 SWOT Analysis
    • 15.3.6 Hyosung Marine Co. Ltd.
      • 15.3.6.1 Company Overview
      • 15.3.6.2 Product Portfolio
    • 15.3.7 Owens Corning
      • 15.3.7.1 Company Overview
      • 15.3.7.2 Product Portfolio
      • 15.3.7.3 Financials
      • 15.3.7.4 SWOT Analysis
    • 15.3.8 Solvay SA
      • 15.3.8.1 Company Overview
      • 15.3.8.2 Product Portfolio
      • 15.3.8.3 Financials
      • 15.3.8.4 SWOT Analysis
    • 15.3.9 SGL Carbon SE
      • 15.3.9.1 Company Overview
      • 15.3.9.2 Product Portfolio
      • 15.3.9.3 Financials
      • 15.3.9.4 SWOT Analysis
    • 15.3.10 Teijin Limited
      • 15.3.10.1 Company Overview
      • 15.3.10.2 Product Portfolio
      • 15.3.10.3 Financials
      • 15.3.10.4 SWOT Analysis
    • 15.3.11 Zoltek Corporation (Toray Industries)
      • 15.3.11.1 Company Overview
      • 15.3.11.2 Product Portfolio
      • 15.3.11.3 SWOT Analysis

List of Figures

  • Figure 1: Global: Marine Composites Market: Major Drivers and Challenges
  • Figure 2: Global: Marine Composites Market: Sales Value (in Billion US$), 2014-2019
  • Figure 3: Global: Marine Composites Market: Breakup by Composite Type (in %), 2019
  • Figure 4: Global: Marine Composites Market: Breakup by Fiber Type (in %), 2019
  • Figure 5: Global: Marine Composites Market: Breakup by Resin Type (in %), 2019
  • Figure 6: Global: Marine Composites Market: Breakup by Vessel Type (in %), 2019
  • Figure 7: Global: Marine Composites Market: Breakup by Region (in %), 2019
  • Figure 8: Global: Marine Composites Market Forecast: Sales Value (in Billion US$), 2020-2025
  • Figure 9: Global: Marine Composites (Metal Matrix Composite - MMC) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 10: Global: Marine Composites (Metal Matrix Composite - MMC) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 11: Global: Marine Composites (Ceramic Matrix Composite - CMC) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 12: Global: Marine Composites (Ceramic Matrix Composite - CMC) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 13: Global: Marine Composites (Polymer Matrix Composite - PMC) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 14: Global: Marine Composites (Polymer Matrix Composite - PMC) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 15: Global: Marine Composites (Glass Fiber) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 16: Global: Marine Composites (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 17: Global: Marine Composites (Carbon Fiber) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 18: Global: Marine Composites (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 19: Global: Marine Composites (Aramid Fiber) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 20: Global: Marine Composites (Aramid Fiber) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 21: Global: Marine Composites (Natural Fiber) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 22: Global: Marine Composites (Natural Fiber) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 23: Global: Marine Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 24: Global: Marine Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 25: Global: Marine Composites (Polyester) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 26: Global: Marine Composites (Polyester) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 27: Global: Marine Composites (Vinyl Ester) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 28: Global: Marine Composites (Vinyl Ester) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 29: Global: Marine Composites (Epoxy) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 30: Global: Marine Composites (Epoxy) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 31: Global: Marine Composites (Thermoplastic) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 32: Global: Marine Composites (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 33: Global: Marine Composites (Phenolic) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 34: Global: Marine Composites (Phenolic) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 35: Global: Marine Composites (Acrylic) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 36: Global: Marine Composites (Acrylic) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 37: Global: Marine Composites (Other Resin Types) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 38: Global: Marine Composites (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 39: Global: Marine Composites (Power Boats) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 40: Global: Marine Composites (Power Boats) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 41: Global: Marine Composites (Sailboats) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 42: Global: Marine Composites (Sailboats) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 43: Global: Marine Composites (Cruise Ships) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 44: Global: Marine Composites (Cruise Ships) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 45: Global: Marine Composites (Other Vessel Types) Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 46: Global: Marine Composites (Other Vessel Types) Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 47: North America: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 48: North America: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 49: United States: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 50: United States: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 51: Canada: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 52: Canada: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 53: Asia Pacific: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 54: Asia Pacific: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 55: China: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 56: China: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 57: Japan: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 58: Japan: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 59: India: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 60: India: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 61: South Korea: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 62: South Korea: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 63: Australia: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 64: Australia: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 65: Indonesia: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 66: Indonesia: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 67: Others: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 68: Others: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 69: Europe: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 70: Europe: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 71: Germany: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 72: Germany: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 73: France: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 74: France: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 75: United Kingdom: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 76: United Kingdom: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 77: Italy: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 78: Italy: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 79: Spain: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 80: Spain: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 81: Russia: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 82: Russia: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 83: Others: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 84: Others: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 85: Latin America: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 86: Latin America: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 87: Brazil: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 88: Brazil: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 89: Mexico: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 90: Mexico: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 91: Others: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 92: Others: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 93: Middle East and Africa: Marine Composites Market: Sales Value (in Million US$), 2014 & 2019
  • Figure 94: Middle East and Africa: Marine Composites Market Forecast: Sales Value (in Million US$), 2020-2025
  • Figure 95: Global: Marine Composites Industry: SWOT Analysis
  • Figure 96: Global: Marine Composites Industry: Value Chain Analysis
  • Figure 97: Global: Marine Composites Industry: Porter's Five Forces Analysis

List of Tables

  • Table 1: Global: Marine Composites Market: Key Industry Highlights, 2019 and 2025
  • Table 2: Global: Marine Composites Market Forecast: Breakup by Composite Type (in Million US$), 2020-2025
  • Table 3: Global: Marine Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2020-2025
  • Table 4: Global: Marine Composites Market Forecast: Breakup by Resin Type (in Million US$), 2020-2025
  • Table 5: Global: Marine Composites Market Forecast: Breakup by Vessel Type (in Million US$), 2020-2025
  • Table 6: Global: Marine Composites Market Forecast: Breakup by Region (in Million US$), 2020-2025
  • Table 7: Global: Marine Composites Market Structure
  • Table 8: Global: Marine Composites Market: Key Players
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