HOME Top Market Reports 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

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

By: marketsandmarkets.com
Publishing Date: October 2014
Report Code: CH 2846

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A composite is a mixture of two or more chemically different and insoluble phases. The structure so formed shows superior properties and structural performance better than the constituents. The marine composites market occupies 5.0%–6.0% of the composite market. There are various types of marine composites, such as glass fiber composites, carbon fiber composites, and foam core materials that are used in manufacturing of power boats, sail boats, cruise ships, and others.

This study aims at estimating the market size of marine composites for 2013 and to project the expected demand of the same by 2019. This market research study provides a detailed qualitative and quantitative analysis of the marine composite market. It provides a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, challenges, and key issues in the market. The market is segmented and projected for important regions, such as North America, Europe, Asia-Pacific, and RoW, which are further segmented for key countries in each region.

Competitive scenarios of top players in the marine composites market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities.

Scope of the report:

This research report categorizes the market for marine composites on the basis of types, applications, and region along with forecasting volume, value, and trends in each of the submarkets.

On the basis of types: The marine composites market is segmented on the basis of type, such as glass fiber composites, carbon fiber composites, and foam core materials. Each type is further described in detail in the report with volume and value forecasts for each type.

On the basis of applications: The market is segmented on the basis of industry applications, such as power boats, cruise ships, and sail boats. Each application is further described in detail in the report with volume and value forecasts for each application.

On the basis of region: Regional-level segmentation is done for marine composites that include North America, Asia-Pacific, Europe, and RoW, and further for key countries in each region that include the U.S., Canada, Germany, Italy, France, China, Japan, South Korea, and Argentina.

Table of Contents 
 
1 Introduction (Page No.- 10)
    1.1 Objectives of the Study
    1.2 Market Scope
          1.2.1 Market Definition
          1.2.2 Year
    1.3 Currency
    1.4 Package Size
    1.5 Limitations
    1.6 Stake Holders

2 Research Methodology (Page No.- 14)
    2.1 Market Size Estimation
    2.2 Market Crackdown & Data Triangulation
    2.3 Market Share Estimation
    2.4 Assumption
    2.5 Key Industry Insights

3 Executive Summary (Page No.- 23)

4 Premium Insights (Page No.- 29)
    4.1 Marine Composites Market in North America
    4.2 U.S. Dominates the Global Marine Composite Market
    4.3 Marine Composites Market Developed Vs. Developing Nations
    4.4 Life Cycle Analysis, By Region
    4.5 Introduction
    4.6 Market Dynamics
          4.6.1 Drivers
                   4.6.1.1 Rise in Demand of High Speed Boats
                   4.6.1.2 Better Environmental Resistances
                   4.6.1.3 Design Flexibility of Vessels
                   4.6.1.4 Rise in Demand of Fuel Efficient Vehicles
          4.6.2 Restraints
                   4.6.2.1 Concern About Reparability& Recyclability
                   4.6.2.2 High Cost of Carbon Fiber
                   4.6.2.3 Poor Fire Resistant Properties
                   4.6.2.4 Increasing Styrene Regulations
          4.6.3 Opportunities
                   4.6.3.1 Increasing Leisure Boat Market
                   4.6.3.2 Advancement in Technologies
          4.6.4 Challenges
                   4.6.4.1 High Capital Cost
                   4.6.4.2 Recyclability of Composites
    4.7 Burning Issues
          4.7.1 Need for Low Cost Production Technologies
    4.8 Strategic Benchmarking

5 Industry Trends (Page No.- 45)
    5.1 Introduction
    5.2 Value Chain Analysis
    5.3 Porter’s Five forces Analysis
          5.3.1 Bargaining Power of Suppliers
          5.3.2 Bargaining Power of Buyers
          5.3.3 Threat of Substitutes
          5.3.4 Threat of New Entrants
          5.3.5 Degree of Competition
    5.4 Regulatory Framework
    5.5 Raw Material Analysis
    5.6 Green Composites
          5.6.1 Methods of Manufacturing Green Composites
          5.6.2 Advantages of Green Composites
          5.6.3 Disadvantages of Green Composites
          5.6.4 Applications of Green Composites

6 Marine Composites, Market By Type (Page No.- 58)
    6.1 Introduction
          6.1.1 Metal Matrix Composite (MMC)
          6.1.2 Ceramic Matrix Composite (CMC)
          6.1.3 Polymer Matrix Composite
                  6.1.3.1 Glass Fiber Composites
                  6.1.3.2 Carbon Fiber Composites
                  6.1.3.3 Foam Core Materials

7 Marine Composites, Market By Application (Page No.- 70)
    7.1 Introduction
    7.2 Power Boats
    7.3 Cruise Ships
    7.4 Sail Boats
    7.5 Others

8 Marine Composites Market, By Region (Page No.- 84)
    8.1 Introduction
    8.2 North America
          8.2.1 U.S.
          8.2.2 Canada
    8.3 Europe
          8.3.1 Italy
          8.3.2 Germany
          8.3.3 France
          8.3.4 U.K.
    8.4 Asia-Pacific
          8.4.1 Japan
          8.4.2 South Korea
          8.4.3 China
    8.5 Rest of the World (ROW)
          8.5.1 Argentina

9 Competitive Landscape (Page No.- 110)
    9.1 Overview
    9.2 Competitive Situation & Trends
    9.3 Expansions: the Most Popular Growth Strategy
          9.3.1 Expansions
          9.3.2 Agreements & Collaborations
          9.3.3 New Product Launches & Developments
          9.3.4 Mergers & Acquisitions

10 Company Profiles (Page No.- 121)
     10.1 Introduction
     10.2 Cytec Industries Inc
             10.2.1 Business Overview
             10.2.2 Products & Services
             10.2.3 Key Strategy
             10.2.4 Recent Developments
             10.2.5 SWOT Analysis
             10.2.5.1 MNM View
     10.3 Toray Industries
             10.3.1 Business Overview
             10.3.2 Products & Services
             10.3.3 Key Strategy
             10.3.4 Recent Developments
             10.3.5 SWOT Analysis
             10.3.5.1 MNM View
     10.4 SGL-Group
             10.4.1 Business Overview
             10.4.2 Products & Services
             10.4.3 Key Strategy
             10.4.4 Recent Developments
             10.4.5 SWOT Analysis
             10.4.5.1 MNM View
     10.5 Hexcel Corporation
             10.5.1 Business Overview
             10.5.2 Products & Services
             10.5.3 Key Strategy
             10.5.4 Recent Developments
             10.5.5 SWOT Analysis
             10.5.5.1 MNM View
     10.6 Teijin Limited
             10.6.1 Business Overview
             10.6.2 Products & Services
             10.6.3 Key Strategy
             10.6.4 Recent Developments
             10.6.5 SWOT Analysis
             10.6.5.1 MNM View 
     10.7 Mitsubishi Rayon Co. Ltd
             10.7.1 Business Overview
             10.7.2 Products & Services
             10.7.3 Key Strategy
             10.7.4 Recent Developments
             10.7.5 SWOT Analysis
             10.7.5.1 MNM View
     10.8 Gurit Holding AG
             10.8.1 Business Overview
             10.8.2 Products & Services
             10.8.3 Key Strategy
             10.8.4 Recent Developments
             10.8.4.1 MNM View
     10.9 3A Composites
             10.9.1 Business Overview
             10.9.2 Products & Services
             10.9.3 Key Strategy
             10.9.4 SWOT Analysis
             10.9.4.1 MNM View
     10.10 E. I. DU Pont DE Nemours
             10.10.1 Business Overview
             10.10.2 Products & Services
             10.10.3 Key Strategy
             10.10.4 SWOT Analysis
             10.10.5 MNM View
     10.11 Owens Corniing
             10.11.1 Business Overview
             10.11.2 Products & Services
             10.11.3 Key Strategy
             10.11.4 Recent Developments
             10.11.5 SWOT Analysis
 
 
List of Tables (62 Table) 
 
Table 1 Marine Composites Market Size By Region, 2012–2019 ($Million)
Table 2 Impact of Global Marine Composites Market Drivers (2014–2019)
Table 3 Impact of Global Marine Composite Market Restraints (2014–2019)
Table 4 Marine Composite Market Size, By Type, 2012-2019 ($Million)
Table 5 Marine Composites: Market Size, By Type, 2012-2019 (KT)
Table 6 Glass Fiber Composites Market Size (Volume & Value), 2012–2019
Table 7 Glass Fiber Composites Market Size, By Region, 2012-2019 ($Million)
Table 8 Carbon Fiber Composites Market Size (Volume & Value), 2012–2019
Table 9 Carbon Fiber Composites Market Size, By Region, 2012-2019 ($Million)
Table 10 Foam Core Materials  Market Size (Volume & Value), 2012–2019
Table 11 Foam Core Materials Market Size, By Region, 2012-2019 ($Million)
Table 12 Marine Composites Market Size, By Application, 2012-2019 ($Million)
Table 13 Marine Composite Market Size, By Application, 2012-2019 (KT)
Table 14 Power Boat: Market Size (Volume & Value), 2012–2019
Table 15 Power Boat: Market Size, By Region, 2012–2019 ($Million)
Table 16 Cruise Ship: Market Size (Volume & Value), 2012–2019
Table 17 Cruise Ships: Market Size, By Region, 2012–2019 ($Million)
Table 18 Sail Boat: Market Size (Volume & Value), 2012–2019
Table 19 Sail Boat: Market Size, By Region, 2012–2019 ($Million)
Table 20 Other: Market Size (Volume & Value), 2012–2019
Table 21 Marine Composites Market, By Region, 2012–2019 ($Million)
Table 22 Marine Composite Market, By Region, 2012–2019 (KT)
Table 23 North America: Market, By Country, 2012–2019 ($Million)
Table 24 North America: Market, By Country, 2012–2019 (KT)
Table 25 North America: Market, By Application, 2012–2019 ($Million)
Table 26 North America: Market, By Application, 2012–2019 (KT)
Table 27 U.S.: Market, By Application, 2012–2019 ($Million)
Table 28 U.S.: Market, By Application, 2012–2019 (KT)
Table 29 Canada: Market, By Application, 2012–2019 ($Million)
Table 30 Canada: Market, By Application, 2012–2019 (KT)
Table 31 Europe: Market, By Country, 2012–2019 ($Million)
Table 32 Europe: Market, By Country, 2012–2019 (KT)
Table 33 Europe: Market, By Application, 2012–2019 ($Million)
Table 34 Europe: Market, By Application, 2012–2019 (KT)
Table 35 Italy: Market, By Application, 2012–2019 ($Million)
Table 36 Italy: Marine Composites Market, By Application, 2012–2019 (KT)
Table 37 Germany: Market, By Application, 2012–2019 ($Million)
Table 38 Germany: Market, By Application, 2012–2019 (KT)
Table 39 France: Market, By Application, 2012–2019 ($Million)
Table 40 France: Market, By Application, 2012–2019 (KT)
Table 41 U.K.: Market, By Application, 2012–2019 ($Million)
Table 42 U.K.: Market, By Application, 2012–2019 (KT)
Table 43 Asia-Pacific: Market, By Country, 2012–2019 ($Million)
Table 44 Asia-Pacific: Market, By Country, 2012–2019 (KT)
Table 45 Asia-Pacific: Market, By Application, 2012–2019 ($Million)
Table 46 Asia-Pacific: Market, By Application, 2012–2019 (KT)
Table 47 Japan: Market, By Application, 2012–2019 ($Million)
Table 48 Japan: Market, By Application, 2012–2019 (KT)
Table 49 South Korea: Market, By Application, 2012–2019 ($Million)
Table 50 South Korea: Market, By Application, 2012–2019 (KT)
Table 51 China: Market, By Application, 2012–2019 ($Million)
Table 52 China: Market, By Application, 2012–2019 (KT)
Table 53 ROW: Market, By Country, 2012–2019 ($Million)
Table 54 ROW: Market, By Country, 2012–2019 (KT)
Table 55 ROW: Market, By Application, 2012–2019 ($Million)
Table 56 ROW: Marine Composites Market, By Application, 2012–2019 (KT)
Table 57 Argentina: Market, By Application, 2012–2019 ($Million)
Table 58 Argentina: Market, By Application, 2012–2019 (KT)
Table 59 Expansions, 2011-2013
Table 60 Agreements & Collaborations, 2011-2013
Table 61 New Product Launch, 2011-2014
Table 62 Mergers & Acquisitions, 2011-2013
 
 
List of Figures (63 Figures) 
 
Figure 1 Marine Composites Market: Research Methodology
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Breakdown of Primary Interviews, By Company Type, Designation & Region
Figure 5 Key Data From Secondary Sources
Figure 6 Key Data From Primary Sources
Figure 7 Key Industry Insights
Figure 8 Glass Fiber Composites Will Continue to Dominate the Global Market
Figure 9 North America is Dominating the Global Market
Figure 10 Marine Composites Market, By Application, 2013
Figure 11 Asia-Pacific is the Fastest-Growing Marine Composites Market
Figure 12 Market Opportunities in Marine Composites
Figure 13 Cruise Ships Segment to Grow At the Fastest Rate Among All Applications of Marine Composites
Figure 14 Power Boats Applications Account for the Largest Share in North America
Figure 15 North America Has Registered the Largest Share of the Marine Composites Market
Figure 16 Developing Markets to Grow Faster Than the Developed Ones
Figure 17 Asia-Pacific Market is Expected to Grow Rapidly in Next Five Years
Figure 18 Rise in Demand of Fuel Efficient Vechicles will Drive the Marine Composites Market
Figure 19 Overview of Marine Composites Value Chain
Figure 20 Green Composites
Figure 21 Life Cycle of Green Composites
Figure 22 Marine Composite Market Share (Volume), By Type, 2013 Vs. 2019
Figure 23 More Than One Half of the Marine Composites Market is Dominated By Glass Fiber Composites
Figure 24 Glass Fiber Composites Market Size, By Region, 2014-2019 ($Million)
Figure 25 Carbon Fiber Composites Market Size, By Region, 2014-2019 ($Million)
Figure 26 Foam Core Materials Market Size, By Region, 2014-2019 ($Million)
Figure 27 More Than Half of the Marine Composites Market is Dominated By Power Boat Applications
Figure 28 Power Boat: Market Size, By Region, 2014-2019 ($Million)
Figure 29 Power Boat: Market Size, By Country, 2013 (KT)
Figure 30 Cruise Ship: Market Size, By Region, 2014-2019 ($Million)
Figure 31 Cruise Ship: Market Size, By Country, 2013 (KT)
Figure 32 Sail Boat: Market Size, By Region, 2014-2019 ($Million)
Figure 33 Sail Boat: Market Size, By Country, 2013 (KT)
Figure 34 Regional Snapshot (2013)—Rapid Growth Markets Are Emerging As New Hot Spots
Figure 35 Japan, South Korea and Italy—Attractive Destinations for Major Applications
Figure 36 The U.S. is the Key Market for the top Three Applications of Marine Composites in the North American Market (2013)
Figure 37 U.S. to Maintain the Position of the Largest Marine Composites Consumer
Figure 38 Italy is the Major Market for the Top Three Applications of Marine Composites in the European Market (2013)
Figure 39 Japan is the Key Market for the Top Three Applications of Marine Composites in the Asia-Pacific Market (2013)
Figure 40 Companies Adopted Partnerships/Agreements/Collaborations and Expansions As the Key Growth Strategy Over the Last Three Years
Figure 41 Hexcel and Toray to Grow At the Fastest Rate Between 2009-2013
Figure 42 Major Growth Strategies in Marine Composite Market, 2011 – 2013
Figure 43 Year 2012, Maximum Developments in Marine Composite Market
Figure 44 Geographic Revenue Mix of top 5 Market Players- Reference
Figure 45 Cytec industries Inc.: Business Overview
Figure 46 SWOT Analysis
Figure 47 Toray Industries: Business Overview
Figure 48 SWOT Analysis
Figure 49 SGL Group: Business Overview
Figure 50 SWOT Analysis
Figure 51 Hexcel Corporation: Business Overview
Figure 52 SWOT Analysis
Figure 53 Teijin Limited: Business Overview
Figure 54 SWOT Analysis
Figure 55 Mitsubishi Rayon Co. Ltd: Business Overview
Figure 56 SWOT Analysis
Figure 57 Gurit Holding AG: Business Overview
Figure 58 3A Composites: Business Overview
Figure 59 SWOT Analysis
Figure 60 E. I. DU Pont DE Nemours: Business Overview
Figure 61 E. I. DU Pont DE Nemours: SWOT Analysis
Figure 62 Owens Corning: Business Overview
Figure 63 Owens Corning: SWOT Analysis

The marine composites market is estimated to witness a CAGR of 8.96% between 2014 and 2019, and is projected to generate a market size, in terms of value of $4,975.66 million by 2019.

The report on “Marine Composites” considers its three commonly used applications: power boats, cruise ships, and sail boats. The marine composites industry is witnessing high growth because of increasing applications, technological advancements, and growing demand in the Asia-Pacific region. Marine composites are largely used in industries, such as recreation boat and cruise. The cruise ship application market growth is one of the main drivers for this market. Decreasing cost of marine composites processing and increasing leisure market are further driving the marine composites market globally.

Power boat is the largest application of marine composites across the world. The market size, in terms of value for the same is projected to reach $2,628.98 million by 2019. The demand for high fuel efficient vehicles is growing at a high rate. This is due to the products, such as carbon fiber composites and foam core materials that are expected to find high demand in their applications. Most of the marine composites offer superior properties than the conventional materials and are flexible, and hence can be molded in any shape. Increasing leisure market has encouraged the use of marine composites in power boats and cruise ships. While power boats currently forms the largest application market for glass fiber composites, the carbon fiber composites application is also witnessing increasing demand from the manufacturers of high speed boats. Foam core material is the fastest growing type of marine composites, driven by its high use in recreation boat industry. The power boats market for marine composites has a wide scope for its expansion, which in turn would help in increasing the consumption for glass fiber composites.

The key participants in marine composites market are 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). This report follows both top-down and bottom-up approaches to estimate and forecast the marine composites market size.

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