Marine Composite Market 2020 Industry Report analyzed in detail with all the vital data to frame tactical business judgments and propose strategic growth plans. This report offers a comprehensive insight into the development policies and plans in addition to manufacturing processes and cost structures.
Global “Marine Composite Market” Report 2020 contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. The Marine Composite market growth is expected to register a CAGR of Growing rate during the forecast period. Marine Composite Market reports offer a detailed assessment of the Marine Composite including enabling technologies, current market scenario, market assumptions, restraining factors.
Marine Composite Market Report covers the Top Key-players 2020:-
The global Marine Composite market covers the vision of competitor analysis by product types, market share, applications, sales, and revenue.
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The market for marine composites is expected to register significant growth during the forecast period, 2018 to 2023.This significant growth is the result of increasing production of leisure boats to cater to the flourishing global tourism industry.Increasing Production of Leisure BoatsThe leisure boat industry includes runabouts, towboats, fishing boats, sail boats, pontoon boats, stern drive power boats, jet boats, personal watercraft, propulsion systems, and cabin cruisers. There has been a growing demand for leisure boats around the world in the recent years, which, in turn, ignites the demand for marine composites in the leisure boats industry. The prospects of the global recreational boating industry look promising, with opportunities in the inboard and stern drive, outboard, and sailboat. The marine composites market is anticipated to grow significantly in the future, owing to the tremendous growth of the tourism industry worldwide.Glass Fiber Reinforced Composites Segment to Dominate the MarketMarine composites are one of the first significant application segments of glass fiber reinforced composites. Fiberglass has been the common material for recreational boats and yachts for many years due to the good environmental resistance, better damage tolerance for impact loading, high specific strength, and stiffness. Since carbon fiber is too expensive for the application of large structures, glass fiber presents the most commercially viable solution for marine applications. As of 2017, the glass fiber reinforced composites segment accounted for the largest share of the global marine composite market.Asia-Pacific to Dominate the Market GrowthThe emerging boat-building industry in Asia-Pacific (Mainland China, India, and South Korea) is expected to fuel the demand for marine composites in the future. The increasing scope of out of autoclave prepreg and the bio-based composites market are expected to open new opportunities for marine composites during the forecast period. North America accounted for the largest share of the global marine composite market in 2017.
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Highlighted points of Marine Composite Market Report:
Key Developments in the Marine Composite Market:March 2018: Hexion announced potentially path breaking one-shot resin infusion process for marine composites.January 2018: Toray reached an agreement with Koninklijke Ten Cate B.V. to purchase all its subsidiaries at USD 1.15 billion.
Reasons to Purchase the ReportIdentify the current and future prospects of the global marine composite market in the developed and emerging marketsAnalyzing various perspectives of the market with the help of Porter’s five forces analysisInformation of the segment that is expected to dominate the marketIdentify the region that is expected to witness fastest growth during the forecast periodIdentify the latest developments, market shares, and strategies employed by the major market players3 month analyst support, along with the Market Estimation sheet (in Excel)
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Finally, the report Global Marine Composite Market 2020 describes the Marine Composite industry expansion game plan, the Marine Composite industry knowledge supply, appendix, analysis findings, and the conclusion.
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