DUBLIN--(BUSINESS WIRE)--The "Global Marine Composite Market - Segmented By Type, Product And Geography 2017 - 2022" report has been added to Research and Markets' offering.
The global marine composite market is expected to be worth more than USD 4.8 million by 2020. The marine composites are widely used in hulls, decks, seats, ski boats, racing boats, masts and other structural components of recreational vessels.
The marine composites market is growing owing to the large demand for sailboats and yachts in the leisure industry. The growth of the super-rich (High Net Worth Individuals- HNWI) and the expenditure on luxury shopping will see a rise in this sector The industry is, thus, forecasted to rise in the coming years. Furthermore, the emerging technological advancements in the field of bio-plastics and autoclave prepregs is also steering this market.
The report gives market estimation by product types into glass fiber composites, carbon fiber composites, and foam core materials. The glass fiber composites had high demand till 2012 since they were cheaper compared to carbon fiber composites. Carbon fiber composites are currently being used in sail boats, jet boats, cruise ships, powerboats. Amongst the resins - unsaturated polyesters are likely to be used in this industry. These materials are used in various parts of maritime vessel like interiors to furniture. Resins are most likely to be used in smaller boats and the glass fiber and carbon fiber composites would be used mainly in larger recreational vessels. The key factor is to make light weight hulls and corrosion resistant.
Market Dynamics of the Global Marine Composite Market:
- Innovation in material technology
- Rising expense of consumers
- Demand for new and improved speed boats
- Fuel efficiency
- Stringent regulations regarding styrene in Europe
- High cost of manufacturing of carbon fiber composites
- Recycling and reparability issues
- Du Pont
- Aeromarine Industries Ltd.,
- Janicki Industries
- Marine Concepts
- Advanced Custom Manufacturng
- Groupe Finot
- Advanced Composites Manufacturing Centre
- BM Composites
- Marine Plastics
- Cytec Industries Inc.
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
4. Market Segmentation
5. Regional Market Analysis (Market size, growth and forecast)
6. Competitive Landscape
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/3mhmvl/global_marine