Global Marine Composites Market to Witness Impressive Growth, Revenue to Surge to USD 2.3 Billion By 2028

The global Marine Composites market accounted for USD 1.5 Billion in 2020 and is expected to reach USD 2.3 Billion by 2028, growing at a CAGR of around 5.2% between 2021 and 2028.          

The report covers forecast and analysis for the Marine Composites market on a global and regional level. The study provides historic data of 2016 along with a forecast from 2021 to 2028 based on revenue (USD Million). The study includes drivers and restraints for the Marine Composites market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Marine Composites market on a global level.

This report offers comprehensive coverage on global Marine Composites market along with, market trends, drivers, and restraints of Marine Composites market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Marine Composites market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.

The study provides a significant view on the global marine composites market by classifying it into product, application and region segmentation. These segments have been estimated and forecasted with the future and past trends. On the basis of product segment, the report has been segmented into carbon fiber reinforced plastics, foam core materials, and glass fiber reinforced plastics. The major application segment in the report has been segmented into cruise liners, powerboats and sailboats and others. The regional segmentation includes Middle East & Africa, Asia-Pacific, Europe, Latin America and North America.

Globally, North America was the leading region for the marine composites market in 2020 and it added up for more than 42% share of the global marine composites market. Increasing the requirement for leisure yachts and boats is likely to boost the requirement for the marine composites market in North America in the coming years. Europe was the second biggest area of the marine composites market in a similar time frame. The Asia Pacific is planned to be the quickest developing area for the marine composites market shortly. The MEA is likely to develop at a sluggish rate in the marine composites market in the years to come.

Major vendors of global marine composites market include E. I. du Pont de Nemours and Company, 3A Composites GmbH, Hexcel Corporation, Cytec Industries Inc., Zoltek Companies Inc., Toray Industries Inc. Owens Corning and among others.

Browse the full “Marine Composites Market (Carbon Fiber Reinforced Plastics, Foam Core Materials, And Glass Fiber Reinforced Plastics) For Cruise Liners, Powerboats, Sailboats And Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028 .” Report at https://www.zionmarketresearch.com/report/marine-composites-market

The global Marine Composites Market is segmented as follows:

By Product

• Carbon fiber reinforced plastics
• Foam core materials
• Glass fiber reinforced plastics

By Applications    

• Cruise liner
• Powerboats
• Sailboats
• Others 

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

Contact Us:

Zion Market Research
244 Fifth Avenue, Suite N202
New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll-Free No.1-855-465-4651
Email: sales@zionmarketresearch.com
Website: https://www.zionmarketresearch.com