Marine Composite Materials Market

1. Presents a Research Report on Marine Composite Materials Market Marine Composite Materials Market by Boat Type (Outboard, Inboard/Sterndrive, PWC, and Others), by Application Type (Hull, Deck, Stringers, Roof, and Others), by Material Type (Polyester Resin, Vinyl Ester Resin, Epoxy Resin, Glass Fiber, Carbon Fiber, and Others), and by Region (North America, Europe, Asia-Pacific and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2019-2024 sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Marine Composite Materials Market Growth and Forecast Highlights & Drivers • The global marine composite materials market is projected to grow at a healthy rate over the next five years to reach US$ 1,546.8 million in 2024. • An increasing number of outdoor participation (recreational boats represent a good share), increasing global HNWI population, increasing new boat sales, and increasing share of fiberglass boats over traditional boats, are some of the key factors, boosting the growth of composite materials in the marine industry. • Another factor expanding the market growth is the growing interest for marine leisure activities, which is booming the market for ski/wake boats and personal watercraft. Such kind of boats are preferably made with composite materials and are thickening the demand for composite materials. • The composite materials market in the marine industry is also heading towards the consolidation as major players are taking a keen interest in acquiring other companies to quickly position themselves in the upper section of the market. For instance; the merger of AOC and Aliancys in 2018 and the merger of Polynt and Reichhold in 2017 helped these companies to better position themselves not only in marine but also in other industries. • North America is projected to remain the largest region, whereas Asia-Pacific is likely to remain the fastest-growing market during the forecast period.

3. Market Insights • By Boat Type • Inboard/sterndrive boat is likely to remain the most dominant boat type in the marine composite materials market during the forecast period. • BRP Inc., Kawasaki, and Yamaha are the major players in the PWC segment, which generate sustainable demand for composite materials. • By Application Type • Hull is likely to remain the most dominant segment during the forecast period. Hull is the largest composite application in terms of volume consumed as well as in terms of dimension. • Hull of PWC and inboard/sterndrive boats is preferably built using composite materials, mainly glass fibers impregnated with polyester or vinyl ester resins. • By Material Type • Polyester resin is projected to remain the most dominant material over the next five years, whereas carbon fiber is expected to be the fastest-growing material type over the same forecast period. • Carbon fiber offers numerous advantages, such as high strength-to-weight ratio, high tensile and compressive strength, low coefficient of thermal expansion, and high fatigue resistance at lightweight.

4. Market Insights • By Region • North America is projected to remain the largest region, whereas Asia-Pacific is likely to remain the fastest-growing market during the forecast period. • China is likely to be one of the fastest-growing marine composite material markets in the coming five years. There has been an increasing presence of country-level boat and yacht manufacturers in the country to tap the growing potential of the country.

5. Competitive Insights • Key Companies Analysed • AOC Aliancys • Ashland Global Specialty Chemicals Inc. • Hexion Inc. • Huntsman Corporation • Interplastic Corporation • China Jushi Co., Ltd. • Owens Corning • PolyntReichhold Group

6. Data Analysis (Top Down and Bottom Up Approach) Research Methodology Data Triangulation (Data Evaluation and Multiple Data Triangulation) Final Deliverables (Final Report with All Findings) Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. • Secondary Research • Stratview Research Internal Knowledgebase Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others

7. Report Features • This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: • Market structure: Overview, industry life cycle analysis, supply chain analysis. • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. • Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors.

8. Market Segmentation • By Boat Type • Outboard Boat • Inboard/Sterndrive Boat • PWC • Other Boats • By Application Type • Hull • Deck • Stringers • Roof • Others

9. Market Segmentation • By Material Type • Glass Fiber • Polyester Resin • Vinyl Ester Resin • Epoxy Resin • Carbon Fiber • Others • By Region • North America (Country Analysis: The USA, Canada, and Mexico) • Europe (Country Analysis: France, Germany, the UK, Spain, Sweden, and Rest of Europe) • Asia-Pacific (Country Analysis: Japan, New Zealand, China, and Rest of Asia-Pacific) • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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