Marine Composites Market Growth, Competitive Analysis, Future Prospects 2020 | Owens Corning, Toray Industries, Inc., Sgl Group, Cytec Solvay Group, Teijin Limited, Mitsubishi Rayon Co. Ltd., Hexcel Corporation, E. I. Du Pont De Nemours And Company, Hyosu

A recent report published by QMI on marine composites market is a detailed assessment of the most important market dynamics. After carrying out thorough research of marine composites market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for marine composites during the forecast period. It can enable manufacturers of marine composites to change their production and marketing strategies in order to envisage maximum growth.

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The marine composites market is estimated to experience notable growth in the coming years. There has been a high demand from leisure boat industry. In the recent past, the technology has advanced significantly along with the surge in leisure boat industry that has stirred the demand for marine composites in the market. On the global platform, the growth of marine composites market is being propelled by the increased usage of bio-plastics and out-of-autoclave prepregs composites in the market.

According to the report, the marine composites market has been segmented by composite type (metal matrix composite (mmc), ceramic matrix composite (cmc), polymer matrix composite (pmc)), polymer matrix by fiber type (glass fiber, carbon fiber, aramid, natural fibers, others), polymer matrix by resin type (polyester, vinyl ester, epoxy, thermoplastic, others).

Increasing demand of marine composites in subsea applications is the major driving factor for the growth of marine composites market across the world. There has been a growing demand for leisure boats around the world in the coming years, which, in turn, ignites the demand for marine composites in the leisure boats industry.
Based on composites, the marine composites market is segmented into the Ceramic Matrix (CMC), Metal Matrix (MMC), and polymer matrix composites. PMC segment is expected to dominate the global market owing to the numerous applications and excellent properties in the marine industry. PMC offers high strength, excellent corrosion resistance, lightweight, and impact resistance, which makes it more suitable to use in shipbuilding.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT Analysis:
1. Owens Corning
2. Toray Industries Inc.
3. Sgl Group
4. Cytec Solvay Group
5. Teijin Limited
6. Mitsubishi Rayon Co. Ltd.
7. Hexcel Corporation
8. E. I. Du Pont De Nemours And Company
9. Hyosung

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Insights about regional distribution of market:
The market has been segmented in major regions to understand the global development and demand patterns of this market. For marine composites market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions on the marine composites market.

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost the growth of this market. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions.
Also, some of the major companies operating in marine composites market are headquartered in these regions.

The Asia Pacific region is estimated to register fastest growth in the marine composites market since some of the major economies like China, India, and South Korea are present in the region. Chemical, material, and healthcare are some of the major industries in the region with strong potential for the growth of marine composites market. During the forecast period, the Middle East region promises a strong market potential with a high demand. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market due to the increasing demand.

Market Segmentation:
By Composite Type:
Sugarcane
Cassava
Beer
Corn Starch
Polymer Matrix

By Fiber Type:
Polylactic Acid
Bio-Polyamide
Polyhydroxyalkanoate,
Polyhydroxybutyrate
Bio-Polyester
Polymer Matrix

By Resin Type:
Clothing
Home Textiles
Footwear

By Region:
North America
North America, by Country
US
Canada
Mexico
North America, by Composite Type
North America, by Polymer Matrix By Fiber Type
North America, by Polymer Matrix By Resin Type
Western Europe
Western Europe, by Country
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Western Europe
Western Europe, by Composite Type
Western Europe, by Polymer Matrix By Fiber Type
Western Europe, by Polymer Matrix By Resin Type
Asia Pacific
Asia Pacific, by Country
China
India
Japan
South Korea
Australia
Indonesia
Rest of Asia Pacific
Asia Pacific, by Composite Type
Asia Pacific, by Polymer Matrix By Fiber Type
Asia Pacific, by Polymer Matrix By Resin Type
Eastern Europe
Eastern Europe, by Country
Russia
Turkey
Rest of Eastern Europe
Eastern Europe, by Composite Type
Eastern Europe, by Polymer Matrix By Fiber Type
Eastern Europe, by Polymer Matrix By Resin Type
Middle East
Middle East, by Country
UAE
Saudi Arabia
Qatar
Iran
Rest of Middle East
Middle East, by Composite Type
Middle East, by Polymer Matrix By Fiber Type
Middle East, by Polymer Matrix By Resin Type
Rest of the World
Rest of the World, by Country
South America
Africa
Rest of the World, by Composite Type
Rest of the World, by Polymer Matrix By Fiber Type
Rest of the World, by Polymer Matrix By Resin Type

Reasons to Buy This Report:
It provides niche insights for a decision about every possible segment helping in the strategic decision-making process.
Market size estimation of the marine composites market on a regional and global basis.
A unique research design for market size estimation and forecast.
Identification of major companies operating in the market with related developments
Exhaustive scope to cover all the possible segments helping every stakeholder in the marine composites market.

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This release was published on openPR.