Marine Composites Market Worth $4,975.66 Million by 2019

News provided by

Oct 28, 2014, 12:00 ET

DALLAS, October 28, 2014 /PRNewswire/ --

The research report "Marine Composites Market by Type (Glass Fiber Composites, Carbon Fiber Composites, Foam Core Materials), by Application (Power Boats, Cruise Ships, Sail Boats) - Global Trends and Forecasts to 2019", published by MarketsandMarkets, defines and segments the marine composites market with an analysis and forecast of its global volume and value.

Browse 62 Market Data Tables and 63 Figures spread through 160 Pages and in-depth TOC on "Marine Composites Market by Type, by Application - Global Trends and Forecasts to 2019".

http://www.marketsandmarkets.com/Market-Reports/marine-composites-market-73767608.html

Early buyers will receive 10% customization on reports.

The report also defines driving and restraining factors for the marine composites market with the analysis of trends, opportunities, burning issues, winning imperatives, and challenges. Some of the drivers include rise in demand of high speed boats, increasing demand for fuel efficient vehicles, and design flexibility offered by marine composites (which leads to low cost of manufacturing). Some of the restraints include high cost of carbon fiber, reparability & recyclability issues related composites, increasing styrene regulations. Some opportunities which are projected to change the dynamics of the marine composites industry in the years to come include increasing leisure market and increased applications of marine composites in power boats, sail boats, jet boats, and personal watercrafts. The market is forecast on the basis of key regions, such as North America, Europe, Asia-Pacific, and Rest of the World (RoW) by both value and volume. The regional marine composites market is further segmented on the basis of main applications.

"North America: The Biggest Market of Marine Composites"

The North America region was the world's largest market for marine composites in 2013. The U.S. is the key consumer in North America. Rising expense of people towards leisure coupled with increasing number of HNWI (high net worth individuals) shifted manufacturers' focus towards marine composites especially for power boats and sail boats. Various product launches, developments, and expansions in different industries have in turn made the region a potential growth market for marine composites.

For More Inquiries:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=73767608

"Carbon Fiber Composites the Fastest-growing Type; while Power boats-The Biggest Marine Composites Application"

Carbon fiber is a material made up of carbon atoms that are aligned parallel to the main axis of the fiber. The fibers are thin in diameter, about 1/10th the size of a human hair. The crystal alignment makes the fiber strong for its size. Normally, carbon fibers are molded with other materials, such as plastic resin and graphite to form carbon fiber composites. Carbon fiber composite is the fastest-growing marine composite driven by its high use in racing boats. The power boats market for marine composites has a wide scope for its expansion, which in turn would help in increasing the consumption for marine composites. Power boat is the biggest application of marine composites and is projected to be worth $ 2,628.98 million by 2019.

Toray Industries (Japan), Mitsubishi Rayon Co. Ltd (Japan), Owens Corning (U.S.), 3A composites (Switzerland), Cytec Industries Inc (U.S.), E. I. Du Pont de Nemours and Company (U.S.), Gurit Holding Ag (Switzerland), Hexcel Corporation Inc. (U.S.), SGL Group (Germany), and Teijin Limited (Japan) are some of the key manufacturers of marine composites.

Browse Related Reports:

Carbon Fiber Market & Carbon Fiber Reinforced Plastic (CFRP) Market by Type, Fiber size, & Region; CFRP Market by (Type, Manufacturing processes/semi- finished product, Resin, Application and Region) - Global Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/carbon-fiber-composites-market-416.html

GFRP Composites Market by Raw Material, Manufacturing Process, Application (Transportation, Construction, Electrical & Electronics, & Others) & by Geography - Global Trends & Forecast to 2019

http://www.marketsandmarkets.com/Market-Reports/glass-fiber-reinforced-plastic-composites-market-142751329.html

About MarketsandMarkets

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:

Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

SOURCE MarketsandMarkets