Marine Composites Market Worth $5.04 Billion by 2023
The marine composites market is driven by the increasing demand for lightweight, corrosion resistant, and impact resistant boats. The booming recreational boating industry and rise in demand for high-speed boats are also driving the marine composites market. In addition, the design flexibility offered by marine composites and the demand for fuel-efficient vessels, especially in the luxury boat building industry are also driving the market.
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