Posted in | Composites

New Report on Global Market for Marine Composites

Research and Markets has announced the addition of the "Global Marine Composites (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Foam Core Materials and Others) Market Report 2013-2019" report to their offering.

Glass fiber reinforced plastics are used in powerboats, sailboats, cruise liners and personal watercrafts, among others. GFRPs are preferred over other composites as they are available at lower costs and offers design freedom. Foam core materials such as PVC, PET and PU are the second-largest market for marine composites and find applications in decks, masts components in powerboats and sailboats. Market for other marine composites is expected to grow in the near future due to increasing demand for biodegradable and repairable composites. Although, stringent regulations and legislations related to styrene can be major restraint for the marine composite market.

The global marine composites market is growing, owing to the huge demand from the leisure boat industry. Growth in the leisure boat market coupled with technological advancements in manufacturing of marine composites has been driving the global marine composites market in the past few years.

Glass fiber reinforced plastics were the majorly consumed composites in the market in 2012 and generated more revenue than other product segment. Foam core materials were the second-largest consumed marine composites in the market. They are expected to show potential growth as they are relatively cheaper than CFRPs. CFRPs are expected to be the second-fastest growing market over the forecast period and accounted for 8.8% of the total market in 2012.

Demand for marine composites was highest from cruise liners; highest revenue generator in application segment in 2012. Sailboats are one of the fastest growing application segments for marine composites and accounted for 21% of the market in 2012. However, demand for other applications such as personal watercraft, jet boats and other boat types is likely to be the most.

Demand for marine composites was highest from North America in 2012 accounting for around 45% of the global market, owing to growing demand for leisure and small boats. The demand for marine composites is likely to increase over the forecast period. Additionally, demand from other regions such as Europe is expected to increase due to huge demand from personal watercraft. Asia Pacific is anticipated to be the fastest growing market for marine composites owing to increasing demand from China and South Korea.

The market has been segmented as below:

Marine Composites Market - Product Segment Analysis

  • Carbon fiber reinforced plastics (CFRPs)
  • Glass fiber reinforced plastics (GFRPs)
  • Foam core materials
  • Others (Including metal composites, etc.)

Marine Composites Market - End-user Analysis

  • Powerboats
  • Sailboats
  • Cruise liner
  • Others (Including personal watercraft, jet boats, etc.)

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Marine Composites - Industry Analysis

Chapter 4 Marine Composites Market - Product Segment Analysis

Chapter 5 Marine Composites Market - Application Analysis

Chapter 6 Marine Composites Market - Regional Analysis

Chapter 7 Company Profiles

  • 3A Composites GmbH
  • Cytec Industries Inc.
  • E. I. du Pont de Nemours and Company
  • Gurit Holding AG
  • Hexcel Corporation
  • Koninklijke Ten Cate nv
  • Owens Corning Corporation
  • Teijin Ltd.
  • Toray Industries Inc.
  • Zoltek Companies Inc.

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