openPR Logo
Press release

Epoxy Resin Market in Marine Composites to Grow at 4.4% CAGR During 2018 - 2023

03-12-2019 11:24 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Stratview Research

Epoxy Resin Market in Marine Composites to Grow at 4.4% CAGR

Stratview Research announces the launch of a new research report on Epoxy Resin Market in Marine Composites This 181 page extensive report from Stratview Research, studies the BMI prepreg market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023. The report provides detailed insights on the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Click here to read the detailed description: www.stratviewresearch.com/360/Epoxy-Resin-Market-in-Marin...

This Epoxy Resin Market in Marine Composites analysis has been segmented in five ways, keeping in mind the interest of all the stakeholders across the value chain.
• by Platform Type (Boats, Yachts, and Others) – The boat is expected to remain the most dominant market during the forecast period
• by Application Type (Hulls, Mast and Spars, Decks, Interiors and Others) – the global epoxy resin market in marine composites is segmented as hulls
• by Process Type (Prepreg Layup, Resin Infusion and others)-
• by Curing Type (Amine, Anhydride, and Others)
• and by Region (North America, Europe, Asia-Pacific, and RoW) – Europe dominates the global epoxy resin market in marine composites
Go through the detailed TOC: www.stratviewresearch.com/toc/360/Epoxy-Resin-Market-in-M...
Or
Get a free sample: www.stratviewresearch.com/Request-Sample/360/Epoxy-Resin-...

The Global Epoxy Resin Market in Marine Composites: Highlights

Marine industry was among the most suffered industries during the recession period. New boat sales have not yet reached its peak level attained in 2007. However, recovery of the global economy has gradually been impacting the sales of boats and yachts for the past few years. The demand for composites in the marine industry has also been surging with growth in the sales of boats and yachts. Furthermore, the growing trend for the replacement of traditional bulky metal boats with composite boats is also elevating the demand for composites at a faster rate than the overall growth of the industry.

The marine industry has undergone a remarkable transition over a period with regards to the adoption of composite materials in various applications. Polyester composites dominate the overall marine composites market, owing to low cost coupled with moderate performance. However, in racing boats and yachts, epoxy resin is becoming the perennial choice of matrix system for manufacturing high-performance composite parts.

The global epoxy resin market in marine composites is likely to grow at a healthy CAGR of 4.4% over the next five years. Superior mechanical properties, excellent adhesiveness, improved fatigue resistance, reduced water ingression, weight reduction, and excellent chemical resistance are some of the key drivers of epoxy resins in marine composites. In addition to that, usage of epoxy resins in marine composites also reduces VOC emissions, which, in turn, would help composite part manufacturers to meet the stringent and US and EU standards.

Epoxy resin market forecast in marine composites

Furthermore, organic growth of boat and yacht retail sales is also giving an additional boost to the demand for epoxy resins in the marine composites. Also, boat and yacht manufacturers are keen to develop lightweight boats or yachts in order to make them more fuel efficient and provide high-speed meeting the requirements of racing and recreation. This again is leading to a greater demand for epoxy resins in high-speed racing boats and yachts.

Another factor giving an impetus to the market is increasing use of carbon fiber composites in the marine industry. Carbon fiber is highly compatible with epoxy resin and has been gaining traction in racing boats and yachts at a faster rate. The cost of carbon fiber is extremely higher over glass fiber, which limits its mass adoption up to some extent; however, the advantages of significant weight reduction coupled with superior performance and strength act as an attraction for its usage.

Based on the platform type, the global epoxy resin market in marine composites is segmented as boats, yachts, and others. The boat is expected to remain the most dominant market during the forecast period, driven by higher production of boats globally and increasing usage of epoxy composites in high-speed racing boats in order to optimize strength-to-weight ratio of major components, such as hulls.

Based on the application type, the global epoxy resin market in marine composites is segmented as hulls, mast & spreaders, decks, interiors, and others. The mast & spreaders segment is likely to remain the most dominant application type in the epoxy resin market in marine composites during the forecast period. Carbon-epoxy is the most preferred composite materials for making masts and spreaders, whereas glass-polyester is for making hulls and decks.

Major applications of epoxy resins in marine composites

Based on regions, Europe dominates the global epoxy resin market in marine composites, owing to the presence of a large number of prepreggers, part fabricators, and boat and yacht manufacturers. Selden Masts, Sunseeker International Ltd., Future Fibers, Marstrom Composites AB, Gurit Holding AG, and Hexcel Corporation are some of the major consumers of epoxy composites for the marine industry in the European region.

The supply chain of this market comprises of raw material suppliers, epoxy resin manufacturers, distributors, prepreg manufacturers, composite part fabricators, boat manufacturers, and yacht manufacturers. Major epoxy resin suppliers in marine composites are Aditya Birla Chemicals Ltd., Hexion Inc., Huntsman Corporation, Olin Corporation, Sicomin Epoxy Systems, and Wessex Resin and Adhesives Ltd.

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.

Stratview Research is a global market intelligence firm offering a wivde range of services including syndicated market reports, consulting, sourcing intelligence, and customer research.

We have a strong experienced team of industry veterans and research analysts with a perfect blend of wisdom, knowledge and attitude. We have been serving multiple clients across a wide array of industries.

400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Epoxy Resin Market in Marine Composites to Grow at 4.4% CAGR During 2018 - 2023 here

News-ID: 1648259 • Views: 147

More Releases from Stratview Research

Global Automotive Keyless Entry Systems Market – Set to witness 6.8% CAGR in 2 …
Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the Automotive Keyless Entry Systems Market report. The report offers insight into the current market trend and the future estimations. The report on Automotive Keyless Entry Systems Market by Stratview Research, will showcase the market trend of 2010-2015 and forecast period of 2016-2021. Get a Free Sample of the Report
Global Automotive Immobilizer Market– Set to witness 4.4% CAGR in 2021
Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the Automotive Immobilizer Market report. The report offers insight into the current market trend and the future estimations. The report on Automotive Immobilizer Market by Stratview Research, will showcase the market trend of 2010-2015 and forecast period of 2016-2021. Get a Free Sample of the Report here: https://www.stratviewresearch.com/Request-Sample/160/automotive-immobilizer-market.html An engine
Global Automotive Headlamp Reflector Market – Set to reach US$ 774.9 million i …
Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the Automotive Headlamp Reflector Market report. The report offers insight into the current market trend and the future estimations. The report on Automotive headlamp Reflector Market, published on Feb,2018 by Stratview Research, will showcase the market trend of 2012-2017 and forecast period of 2018-2023. Get a Free Sample of the
Global Automotive Air Intake Manifold Market– Set to reach US$ 3,387.2 million …
Stratview Research experts have done an extensive study of data from different sources and have analyzed them to come up with the Automotive Air Intake Manifold Market report. The report offers insight into the current market trend and the future estimations. The report on Automotive Air Intake Manifold Market, published on Aug 2018 by Stratview Research, will showcase the market trend of 2012-2017 and forecast period of 2018-2023. Get a Free

All 5 Releases


More Releases for Epoxy

Global Epoxy Curingents Regional Outlook 2019
The global Epoxy Curingents market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025. This report studies the Epoxy Curingents market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and
Global Epoxy Resin Market
Global Epoxy Resin Market – Industry Analysis and Forecast (2018-2026) – by Type, Physical Form, Application, End-user, and Region. Global Epoxy Resin Market was valued at US$ 7.7 Bn in 2017 and is expected to reach US$ 12.45 Bn by 2026, at a CAGR of 6.5 % during the forecast period. The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data,
Epoxy Grout Market Opportunity Analysis by 2025
Epoxy grout is a type of grout (particular fluid) consisting of two components, i.e. epoxy resin and epoxy hardener, which are exclusively formulated in order to achieve a grout with qualities such as waterproof, stain-proof and chemical resistance. Due to these properties, epoxy grout is generally used to fill cracks on any surface or joints between tile units. Epoxy resin and epoxy hardener are used in epoxy grout in order
Epoxy Grout Market : Global Snapshot by 2025
Epoxy grout is a type of grout (particular fluid) consisting of two components, i.e. epoxy resin and epoxy hardener, which are exclusively formulated in order to achieve a grout with qualities such as waterproof, stain-proof and chemical resistance. Due to these properties, epoxy grout is generally used to fill cracks on any surface or joints between tile units. Epoxy resin and epoxy hardener are used in epoxy grout in order
Epoxy Hardener Sales with Epoxy Hardener sales volume
In this report, the global Epoxy Hardener market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report split global into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Epoxy Hardener for these regions, from 2012 to 2022 (forecast),
Epoxy Resins Market - Global Industry Analysis 2020
A recently released report from Transparency Market Research (TMR) forecasts that the global epoxy resins market will develop at a CAGR of 6.9% from 2014 to 2020. TMR, a market intelligence firm based in the U.S., states that by 2020, the global epoxy resins market will reach a market value of US$10.55 billion from US$6.64 billion in 2013. The report, titled ‘Epoxy Resins Market - Global Industry Analysis, Size, Share,