The global Marine Composites market was valued at 116.68 Million USD in 2021 and will grow with a CAGR of 4.85% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

The marine market is the most deeply penetrated of all end markets served by the composites industry. Yachts, sailboats and other boats use lots of marine composites. For decades, composites have been the material of choice for marine manufacturers to build beautiful and innovative boats, ships, pipes and personal watercraft.The composites have been the material of choice for marine manufacturers to build beautiful and innovative boats, ships, pipes and personal watercraft. Marine composites are an integral part of the marine industry. As the marine material downstream application, Powerboats is its largest downstream market, which took up 51.66% of the consumption in 2015. In 2015, the global marine composites market is led by USA, Europe and China, where the Gurit is an important producer. USA is the largest production region of marine composites in the world in the past few years and it will keep the same position in the next five years. The USA market took up about 49.87% in the global production market in 2015. Europe is the second-largest region-wise market. The market has reached saturation levels in the USA and Europe regions, while it is expanding in emerging economies such as the Asia-Pacific, Middle East, and Latin American regions. The world`s large enterprises are mainly concentrated in these regions.

By Market Verdors:

Gurit

Owens Corning

Toray

DuPont

Johns Manville

Hexcel Corporation

Cytec Solvay Group

3A Composites

Future Pipe Industries

SGL Group

National Oilwell Varco

Janicki Industries

Marine Plastics

Jiumei Fiber Glass

PE Composites

Pipe Composites

Aeromarine Industries

Teijin

AGC

Mitsubishi Rayon

PPG

TenCate

By Types:

Glass Fiber Reinforced Plastics (GFRPs)

Polymer Fiber Reinforced Plastics (PFRPs)

Carbon Fiber Reinforced Plastics (CFRPs)

By Applications:

Powerboats

Sailboats

Cruise Liner

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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