Polymeric composites used for manufacturing parts of aquatic vessels like ships, recreational boats, racing boats, power-boats, jet-boards, and sub-marines are called marine composites. It helps to reduce vessel weight and cost of production, improve fuel efficiency, impact resistance, and longevity of the vessel. Marine composites include carbon fiber reinforced plastics (CFRP), glass fiber reinforced plastics (GFRP), and foam core materials, used to manufacture different parts of a vessel, for different end-uses. It is in use for the past forty years, and has technically developed over time, responding to market needs. This is an industry which has witnessed strong market growth over the past years and is expected to remain buoyant in the near future. The market revenue as well as volume are estimated to rise in tandem. It has high scope of growth in North America, Asia Pacific, and Europe.