Global Marine Composites Market 2016-2020

  • ID: 3940961
  • Report
  • Region: Global
  • 61 pages
  • TechNavio
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FEATURED COMPANIES

  • 3A Composites
  • Cytec
  • DuPont
  • Gurit
  • Hexcel
  • Mitsubishi Rayon (MRC)
  • MORE
About Marine Composites

Marine composites are used extensively in the construction of ships and marine structures. These composites have a higher stiffness and strength by weight than most other materials, including metals, such as steel and aluminum. These are used in various parts of a commercial or pleasure craft. The result is a lighter craft that can achieve a higher rate of speed than the same type of craft constructed with aluminum or steel.

The analysts forecast the global marine composites market to grow at a CAGR of 6.04% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global marine composites market for 2016-2020. To calculate the market size, the report considers the consumption of marine composites products for applications in powerboats, sailboats, cruise ships, and others (personal watercraft and race boats).

The market is divided into the following segments based on geography:

- APAC
- Europe
- North America
- ROW

The report, Global Marine Composites Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- 3A Composites
- Cytec
- DuPont
- Mitsubishi Rayon (MRC)
- Owens Corning

Other prominent vendors
- Gurit
- Hexcel
- SGL Group
- Teijin
- Toray Industries

Market drivers
- High demand from small boats

Market challenges
- Disadvantages of marine composites

Market trends
- Recovery of boat manufacturing industry

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3A Composites
  • Cytec
  • DuPont
  • Gurit
  • Hexcel
  • Mitsubishi Rayon (MRC)
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Product definition: Composites
  • Scope of use
  • Materials testing for marine composites
  • Outlook
PART 05: Market landscape
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by product material
  • Global marine composites market by product material
  • GFRP in global marine composites market
  • Foam core material in global marine composites market
  • CFRP in global marine composites market
PART 07: Market segmentation by resin type
  • Market outlook
PART 08: Market segmentation by application
  • Global marine composites market by application
  • Global marine composites market in powerboats segment
  • Global marine composites market in cruise ships segment
  • Global marine composites market in sailboats segment
  • Global marine composites market in other applications
PART 09: Market segmentation by geography
  • Global marine composites market by geography
  • Marine composites market in North America
  • Marine composites market in Europe
  • Marine composites market in APAC
  • Marine composites market in ROW
PART 10: Market drivers
  • High demand from small boats
  • Advantages of marine composites over substitutes
  • Emergence of new vendors
  • Rise in technological innovations
PART 11: Impact of drivers

PART 12: Market challenges
  • Disadvantages of marine composites
  • Lack of standardization
  • Fluctuating raw material prices
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Recovery of boat manufacturing industry
  • Increasing demand from emerging economies
  • High degree of vertical integration
PART 15: Vendor landscape
  • Competitive scenario
  • Major market vendors
  • Other prominent vendors
  • 3A Composites
  • Cytec Solvay Group
  • DuPont
  • Mitsubishi Rayon (MRC)
  • Owens Corning
PART 16: Appendix
  • List of abbreviations
PART 17: About the Author

List of Exhibits

Exhibit 01: Global marine composites market
Exhibit 02: Global marine composites market by product material
Exhibit 03: Global marine composites market by resin type
Exhibit 04: Global marine composites market by application
Exhibit 05: Global marine composites market by geography
Exhibit 06: Product offerings
Exhibit 07: Global marine composites market 2015-2020 (thousands of metric tons)
Exhibit 08: Global marine composites market: CAGR by region 2015-2020
Exhibit 09: Five forces analysis
Exhibit 10: Global marine composites market by product material 2015 and 2020
Exhibit 11: GFRP in global marine composites market 2015-2020 (thousands of metric tons)
Exhibit 12: Foam core material in global marine composites market 2015-2020 (thousand metric tons)
Exhibit 13: CFRP in global marine composites market 2015-2020 (thousands of metric tons)
Exhibit 14: Global marine composites market by resin type 2015
Exhibit 15: Advantages and disadvantages of resin types used for marine composites
Exhibit 16: Global marine composites market by application 2015 and 2020
Exhibit 17: Global marine composites market in powerboats segment 2015-2020 (thousands of metric tons)
Exhibit 18: Global marine composites market in cruise ships segment 2015-2020 (thousands of metric tons)
Exhibit 19: Global cruise industry 2010-2015 ($ billions)
Exhibit 20: Market size of global cruise industry by region 2014 ($ billions)
Exhibit 21: Global marine composites market in sailboats segment 2015-2020 (thousands of metric tons)
Exhibit 22: Global marine composites market in other applications 2015-2020 (thousands of metric tons)
Exhibit 23: Global marine composites market by geography 2015 and 2020
Exhibit 24: Global marine composites market by geography 2015-2020 (thousands of metric tons)
Exhibit 25: Marine composites market in North America 2015-2020 (thousands of metric tons)
Exhibit 26: Marine composites market in Europe 2015-2020 (thousands of metric tons)
Exhibit 27: Marine composites market in APAC 2015-2020 (thousands of metric tons)
Exhibit 28: Marine composites market in ROW 2015-2020 (thousands of metric tons)
Exhibit 29: Impact of drivers
Exhibit 30: Comparison of carbon fiber prices with steel prices ($)
Exhibit 31: Crude oil prices 2009-2015 ($ per barrel)
Exhibit 32: Impact of drivers and challenges
Exhibit 33: GDP per capita of developing economies 2015-2020 ($)
Exhibit 34: Factors that govern competition
Exhibit 35: Global marine composites market: Key vendors
Exhibit 36: Global marine composites market: Major vendors
Exhibit 37:A Composites: Business segmentation by revenue 2015
Exhibit 38:A Composites: Geographical segmentation by revenue 2015
Exhibit 39: DuPont: Segmentation of revenue by business 2015
Exhibit 40: DuPont: Geographical segmentation of revenue 2015
Exhibit 41: MRC: Segmentation of revenue by business 2015
Exhibit 42: Owens Corning: Segmentation of revenue by business 2015
Exhibit 43: Owens Corning: Geographical segmentation by revenue 2015
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FEATURED COMPANIES

  • 3A Composites
  • Cytec
  • DuPont
  • Gurit
  • Hexcel
  • Mitsubishi Rayon (MRC)
  • MORE
New Report Released: - Global Marine Composites Market 2016-2020.

The author of the report recognizes the following companies as the key players in the global marine composites market: 3A Composites, Cytec, DuPont, Mitsubishi Rayon (MRC), and Owens Corning

Other Prominent Vendors in the market are: Gurit, Hexcel, SGL Group, Teijin, and Toray Industries

Commenting on the report, an analyst from the research team said: “Boat manufacturing operations were severely affected by the economic recession of 2009-2010. The market recovered substantially from 2013. Globally, the boat manufacturing industry is expected to grow at a CAGR of 4%-5% during the forecast period. Although GFRP polyesters and vinyl esters are the major materials employed by boat manufacturers, the use of CFRP composites is increasing, particularly in the construction of large yachts.”

According to the report, the global demand for small boats is anticipated to grow at a CAGR of 5% during the forecast period. The total value of recreational boat sales was estimated to be $3.7 billion in 2015. It is anticipated that small boats will require more advanced composites, such as CFRP. Small boats are anticipated to see high demand in Europe and North America, particularly the US and the UK.

Further, the report states that there are several disadvantages associated with the use of composites in the marine industry. Raw material and their fabrication cost have become a major challenge in the adoption of composites in the marine industry. These composites are expensive than their metal counterparts due to the high price of carbon fibers, glass fibers, and foam core materials. Furthermore, the tooling and capital costs of composites are higher than the metal counterparts, which increase the overall cost of composites. For instance, the price of steel per autobody is around $950-$980, whereas the price of carbon fiber per autobody is around $2,400-$2,500.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- 3A Composites
- Cytec
- DuPont
- Mitsubishi Rayon (MRC)
- Owens Corning
- Gurit
- Hexcel
- SGL Group
- Teijin
- Toray Industries
Note: Product cover images may vary from those shown
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