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Marine Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 148 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5530570
Description Jump to:
The global marine composites market size reached US$ 4.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.0 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.

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.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global marine composites market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on composite type, fiber type, resin type and vessel type.

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

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 Composites 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$), 2017-2022
Figure 3: Global: Marine Composites Market: Breakup by Composite Type (in %), 2022
Figure 4: Global: Marine Composites Market: Breakup by Fiber Type (in %), 2022
Figure 5: Global: Marine Composites Market: Breakup by Resin Type (in %), 2022
Figure 6: Global: Marine Composites Market: Breakup by Vessel Type (in %), 2022
Figure 7: Global: Marine Composites Market: Breakup by Region (in %), 2022
Figure 8: Global: Marine Composites Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Marine Composites (Metal Matrix Composite - MMC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Marine Composites (Metal Matrix Composite - MMC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Marine Composites (Ceramic Matrix Composite - CMC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Marine Composites (Ceramic Matrix Composite - CMC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Marine Composites (Polymer Matrix Composite - PMC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Marine Composites (Polymer Matrix Composite - PMC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Marine Composites (Glass Fiber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Marine Composites (Glass Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Marine Composites (Carbon Fiber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Marine Composites (Carbon Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Marine Composites (Aramid Fiber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Marine Composites (Aramid Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Marine Composites (Natural Fiber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Marine Composites (Natural Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Marine Composites (Other Fiber Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Marine Composites (Other Fiber Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Marine Composites (Polyester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Marine Composites (Polyester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Marine Composites (Vinyl Ester) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Marine Composites (Vinyl Ester) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Marine Composites (Epoxy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Marine Composites (Epoxy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Marine Composites (Thermoplastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Marine Composites (Thermoplastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Marine Composites (Phenolic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Marine Composites (Phenolic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Marine Composites (Acrylic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Marine Composites (Acrylic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Marine Composites (Other Resin Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Marine Composites (Other Resin Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Marine Composites (Power Boats) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Marine Composites (Power Boats) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: Marine Composites (Sailboats) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: Marine Composites (Sailboats) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: Marine Composites (Cruise Ships) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: Marine Composites (Cruise Ships) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: Marine Composites (Other Vessel Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: Marine Composites (Other Vessel Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia Pacific: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia Pacific: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Marine Composites Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Marine Composites Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: Marine Composites Market Forecast: Breakup by Composite Type (in Million US$), 2023-2028
Table 3: Global: Marine Composites Market Forecast: Breakup by Fiber Type (in Million US$), 2023-2028
Table 4: Global: Marine Composites Market Forecast: Breakup by Resin Type (in Million US$), 2023-2028
Table 5: Global: Marine Composites Market Forecast: Breakup by Vessel Type (in Million US$), 2023-2028
Table 6: Global: Marine Composites Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Marine Composites Market Structure
Table 8: Global: Marine Composites Market: Key Players

Companies Mentioned

  • 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)

Methodology

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Table Information

Report AttributeDetails
No. of Pages148
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 4.8 Billion
Forecasted Market Value ( USD ) by 2028 $ 6 Billion
Compound Annual Growth Rate3.8%
Regions CoveredGlobal
No. of Companies Mentioned11

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About the Marine Composite Market

The Marine Composite market is a segment of the Maritime industry that focuses on the production of composite materials for use in marine applications. Composite materials are a combination of two or more materials with different physical or chemical properties, and are used in the construction of boats, ships, and other marine vessels. These materials are lightweight, durable, and resistant to corrosion, making them ideal for use in the marine environment. The Marine Composite market is driven by the need for lighter, more efficient vessels, as well as the increasing demand for luxury yachts and other recreational vessels. The market is also driven by the need for more durable materials that can withstand the harsh conditions of the marine environment. Companies in the Marine Composite market include Gurit, CoreLite, Hexcel, and Owens Corning. These companies specialize in the production of composite materials for use in marine applications, and offer a wide range of products and services. Show Less Read more

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