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Marine Composites Market

Marine Composites Market - (Product – Carbon Fiber Reinforced Plastics (CFRPs), Glass Fiber Reinforced Plastics (GFRPs), Foam Core Materials, Metal Composites; End-User – Powerboats, Sailboats, Cruise Liner, Personal Watercraft, and Jet Boats) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019

Marine Composites Market: Snapshot

The marine composites market is estimated to experience notable growth in the coming years. There has been a high demand from leisure boat industry. In the recent past, the technology has advanced significantly along with the surge in leisure boat industry that has stirred the demand for marine composites in the market. On the global platform, the growth of marine composites market is being propelled by the increased usage of bio-plastics and out-of-autoclave prepregs composites in the market.

The market is expected to showcase a healthy CAGR of 7.0% from 2013-2019. The market value was evaluated to be US$954.6 mn in 2012, which is anticipated to reach US$1,549.6 mn by the end of 2019.

Efficient Fuel Utilization Property Boosts Up the Market Growth of Marine Composites

There has been a rise in boat building industry in the past few years in Asia Pacific region mainly in countries such as Mainland China and South Korea. The demand has was the highest from cruise liners in 2012. Marine composites offer flexibility in design to the makers to develop complicated parts with great shapes. Fiber marine composites are preferred over the steel ones as boats and other marine vessels turn out be light in weight. Usage of marine composites ensures efficient utilization of fuel, increase in performance, and less carbon emission. The progress in the industry has led to several tie-ups and partnerships among marine composites producers and large boat manufacturers. The marine vessels manufacturing represents a considerable shares of the marine composites market. The high paced development will decidedly support progress in the marine composites industry in the coming years.

North America to Dominate as the Marine Industry Gains Momentum

On the basis of geography, the marine composites industry is segmented into Europe, North America, Asia-Pacific, and Rest of the World. Asia Pacific is foreseen to be the fastest developing regional market for marine composites. This emerging trend is attributed to the increased demand from China and South Korea. Interest for marine composites was most noteworthy from North America in 2012 representing around 45% of the worldwide market, owing to developed interest for small and leisure boats. Another reason for North America market to flourish is the launch of various products by marine vendors, for example, Jespersen Boat Builders, and BAYLINER. Moreover, there has been a soaring demand in this region due to the manufacturing of high-speed boat. The interest in marine composites is likely going to rise over the forecast period. Also, request from several other regions, for example, Europe is anticipated to shoot up because of tremendous demands from private watercraft. Due to the development in boating sectors in nations, for example, China, the US, and European nation such as the Netherlands has brought about a soaring demand for marine composites. On the basis of type, the carbon fiber reinforced polymer (CFRP) is expected to be second-fastest surging segment in the market over the estimated time frame elucidating 8.8% of the entire market in 2012.

Marines Composites Market to Grow Due to Shorter App Processing Time and Design Flexibility

The worldwide marine composites industry is ruled by leading players who bargain in the production of metal composites and carbon fiber, glass fiber, prepregs and foam cores. Technological innovations is a key driver for the marine composites market, which empowers players to advance and grow new and sustainable items. To manage themselves in the market, a few organizations are concentrating on variables, for example, diminished assembling costs, flexibility of use, expanded material quality, and lower weight, design flexibility in order to increase more share in the overall industry.

Hexcel Corporation and E. I. du Pont de Nemours and Company Cytec Industries Inc., Zoltek Companies Inc., 3A Composites GmbH, Toray Industries Inc. are the major players in the marine composites market.

Marine Composites Market

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Chapter 1 Preface
1.1 Research description
1.2 Market segmentation
      1.2.1 Global marine composites market segmentation, product segment, application and region
1.3 Research scope
1.4 Research methodology
      1.4.1 Assumptions
      1.4.2 Abbreviations
 
Chapter 2 Executive Summary
2.1 Global marine composites market, 2012 – 2019 (Kilo Tons) (USD Million)
 
Chapter 3 Marine Composites - Industry Analysis
3.1 Introduction
3.2 Value chain analysis
3.3 Market drivers
      3.3.1 Huge leisure boat industry
      3.3.2 Advantages and technological advancements in composite manufacturing industry
3.4 Market restraints
      3.4.1 Styrene legislation
      3.4.2 Poor reparability and recyclability of composites
3.5 Market opportunities      
      3.5.1 Rise in out-of-autoclave prepregs market
      3.5.2 Increasing bio-plastics market
      3.5.3 Growing China boat building industry
3.6 Porter’s Five Forces analysis
      3.6.1 Bargaining power of suppliers
      3.6.2 Bargaining power of buyers
      3.6.3 Threat of new entrants
      3.6.4 Threat from substitutes
      3.6.5 Degree of competition
3.7 Marine Composites: Market attractiveness analysis
      3.7.1 Global marine composites: Market attractiveness analysis
3.8 Marine Composites: Company market share analysis
      3.8.1 Global marine composites: Company market share analysis
 
Chapter 4 Marine Composites Market – Product Segment Analysis
4.1 Global marine composites market: Product segment overview
      4.1.1 Global marine composites market share, by product segment, 2012 & 2019
4.2 Carbon fiber reinforced plastics (CFRPs)
      4.2.1 Global market estimates and forecast for carbon fiber reinforced plastics market, 2012 – 2019 (Kilo Tons) (USD Million)
4.3 Glass fiber reinforced plastics (GFRPs)
      4.3.1 Global market estimates and forecast for glass fiber reinforced plastics market, 2012 – 2019 (Kilo Tons) (USD Million)
4.4 Foam core materials
      4.4.1 Global market estimates and forecast for foam core materials market, 2012 – 2019 (Kilo Tons) (USD Million)
4.5 Others (Including out-of-autoclave prepregs, etc.)
      4.5.1 Global market estimates and forecast for other marine composites market, 2012 – 2019 (Kilo Tons) (USD Million)
 
Chapter 5 Marine Composites Market – Application Analysis
5.1 Global marine composites market: Application overview
      5.1.1 Global marine composites market revenue share, by application, 2012 & 2019
5.2 Powerboats
      5.2.1 Global marine composites demand for powerboats market, 2012 - 2019, (Kilo Tons) (USD Million)
5.3 Sailboats
      5.3.1 Global marine composites demand for sailboats market, 2012 - 2019 (Kilo Tons) (USD Million)
5.4 Cruise liner
      5.4.1 Global marine composites demand for cruise liner market, 2012 - 2019 (Kilo Tons) (USD Million)
5.5 Others (Including jet boats, etc.)
      5.5.1 Global marine composites demand for other marine composites applications market, 2012 - 2019 (Kilo Tons) (USD Million)
 
Chapter 6 Marine Composites Market - Regional Analysis
6.1 Global marine composites market: Regional overview
      6.1.1 Global marine composites market share, by region, 2012 & 2019
6.2 North America
      6.2.1 North America marine composites market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.2.2 North America marine composites market revenues, by product segment, 2012 - 2019 (USD Million)
      6.2.3 North America marine composites market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.2.4 North America marine composites market revenues, by application, 2012 - 2019 (USD Million)
6.3 Europe
      6.3.1 Europe marine composites market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.3.2 Europe marine composites market revenues, by product segment, 2012 - 2019 (USD Million)
      6.3.3 Europe marine composites market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.3.4 Europe marine composites market revenues, by application, 2012 - 2019 (USD Million)
6.4 Asia Pacific
      6.4.1 Asia Pacific marine composites market volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.4.2 Asia Pacific marine composites revenues, by product segment, 2012 - 2019 (USD Million)
      6.4.3 Asia Pacific marine composites volumes, by application, 2012 - 2019 (Kilo Tons)
      6.4.4 Asia Pacific marine composites market revenues, by application, 2012 - 2019 (USD Million)
6.5 Rest of the World (RoW)
      6.5.1 RoW marine composites volumes, by product segment, 2012 - 2019 (Kilo Tons)
      6.5.2 RoW marine composites market revenues, by product segment, 2012 - 2019 (USD Million)
      6.5.3 RoW marine composites market volumes, by application, 2012 - 2019 (Kilo Tons)
      6.5.4 RoW marine composites market revenues, by application, 2012 - 2019 (USD Million)
 
Chapter 7 Company Profiles
7.1 3A Composites GmbH
      7.1.1 Company overview
      7.1.2 Product Portfolio
      7.1.3 Financial overview
      7.1.4 Business strategy
      7.1.5 SWOT analysis
      7.1.6 Recent developments
7.2 Cytec Industries Inc.
      7.2.1 Company overview
      7.2.2 Product Portfolio
      7.2.3 Financial overview
      7.2.4 Business strategy
      7.2.5 SWOT analysis
      7.2.6 Recent developments
7.3 E. I. du Pont de Nemours and Company
      7.3.1 Company overview
      7.3.2 Product Portfolio
      7.3.3 Financial overview
      7.3.4 Business strategy
      7.3.5 SWOT analysis
      7.3.6 Recent developments
7.4 Gurit Holding AG
      7.4.1 Company overview
      7.4.2 Product Portfolio
      7.4.3 Financial overview
      7.4.4 Business strategy
      7.4.5 SWOT analysis
      7.4.6 Recent developments
7.5 Hexcel Corporation
      7.5.1 Company overview
      7.5.2 Product Portfolio
      7.5.3 Financial overview
      7.5.4 Business strategy
      7.5.5 SWOT analysis
      7.5.6 Recent developments
7.6 Koninklijke Ten Cate nv
      7.6.1 Company overview
      7.6.2 Product Portfolio
      7.6.3 Financial overview
      7.6.4 Business strategy
      7.6.5 SWOT analysis
      7.6.6 Recent developments
7.7 Owens Corning Corporation
      7.7.1 Company overview
      7.7.2 Product Portfolio
      7.7.3 Financial overview
      7.7.4 Business strategy
      7.7.5 SWOT analysis
      7.7.6 Recent developments
7.8 Teijin Ltd.
      7.8.1 Company overview
      7.8.2 Product Portfolio
      7.8.3 Financial overview
      7.8.4 Business strategy
      7.8.5 SWOT analysis
      7.8.6 Recent developments
7.9 Toray Industries Inc.
      7.9.1 Company overview
      7.9.2 Product Portfolio
      7.9.3 Financial overview
      7.9.4 Business strategy
      7.9.5 SWOT analysis
      7.9.6 Recent developments
7.10 Zoltek Companies Inc.
      7.10.1 Company overview
      7.10.2 Product Portfolio
      7.10.3 Financial overview
      7.10.4 Business strategy
      7.10.5 SWOT analysis
      7.10.6 Recent developments
List of Tables
 
TABLE 1 Global marine composites market snapshot
TABLE 2 Drivers for the marine composites market: Impact Analysis
TABLE 3 Restraints for the marine composites market: Impact Analysis
TABLE 4 Environmental regulations by organization
TABLE 5 North America marine composites market volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 6 North America marine composites market revenues, by product segment, 2012 - 2019 (USD Million)
TABLE 7 North America marine composites market volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 8 North America marine composites market revenues, by application, 2012 - 2019 (USD Million)
TABLE 9 Europe marine composites market volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 10 Europe marine composites market revenues, by product segment, 2012- 2019 (USD Million)
TABLE 11 Europe marine composites market volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 12 Europe marine composites market revenues, by application, 2012 - 2019 (USD Million)
TABLE 13 Asia Pacific marine composites market volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 14 Asia Pacific marine composites revenues, by product segment, 2012 - 2019 (USD Million)
TABLE 15 Asia Pacific marine composites volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 16 Asia Pacific marine composites market revenues, by application, 2012 - 2019 (USD Million)
TABLE 17 RoW marine composites volumes, by product segment, 2012 - 2019 (Kilo Tons)
TABLE 18 RoW marine composites market revenues, by product segment, 2012 - 2019 (USD Million)
TABLE 19 RoW marine composites market volumes, by application, 2012 - 2019 (Kilo Tons)
TABLE 20 RoW marine composites market revenues, by application, 2012 - 2019 (USD Million)

 

List of Figures 

 

Fig. 1. Global marine composites market segmentation, product, application and region

Fig. 2. Global marine composites market, 2012 – 2019 (Kilo Tons) (USD Million)

Fig. 3. Marine composites: Value chain analysis

Fig. 4. Global leisure boat market revenue, 2012 – 2019 (USD Billion)

Fig. 5. Global prepregs market, 2012-2019 (Kilo Tons) (USD Billion)

Fig. 6. Global bio-plastics market, 2012-2019 (Kilo Tons) (USD Billion)

Fig. 7. China boat building market, 2012-2019 (Kilo Tons) (USD Billion)

Fig. 8. Porter’s Five Forces analysis

Fig. 9. Marine composites: Market attractiveness analysis

Fig. 10. Global marine composites: Company market share analysis, 2012

Fig. 11. Global marine composites market share, by product segment, 2012 & 2019

Fig. 12. Global market estimates and forecast for carbon fiber reinforced plastics market, 2012 - 2019 (Kilo Tons) (USD Million)

Fig. 13. Global market estimates and forecast for glass fiber reinforced plastics market, 2012 - 2019 (Kilo Tons) (USD Million)

Fig. 14. Global market estimates and forecast for foam core materials market, 2012 - 2019 (Kilo Tons) (USD Million)

Fig. 15. Global market estimates and forecast for other marine composites market, 2012 - 2019 (Kilo Tons) (USD Million)

Fig. 16. Global marine composites market share, by application, 2012 & 2019

Fig. 17. Global marine composites demand for powerboats market, 2012 - 2019, (Kilo Tons) (USD Million)

Fig. 18. Global marine composites demand for sailboats market, 2012 - 2019 (Kilo Tons) (USD Million)

Fig. 19. Global marine composites demand for cruise liner market, 2012 – 2019 (Kilo Tons) (USD Million)

Fig. 20. Global marine composites demand for other marine composites applications market, 2012 – 2019 (Kilo Tons) (USD Million)

Fig. 21. Global marine composites market share by region, 2012 & 2019

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