Marine Composites (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Foam Core Materials and Others) Market for Powerboats, Sailboats, Cruise Liners and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 03/03/2015 -- According to "Marine Composites Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", a new research report in the repository of Transparency Market Research, the global marine composites market that was valued at US$954.6 million in 2012 is estimated to be worth US$1,549.6 million by the end of 2019, registering growth at an impressive CAGR of 7.0%.
The report is drafted to present a decisive view on the overall market performance and market behavior of the global industry of marine composites on the basis of industrial growth and the output the market is estimated to register. The research presents an in-depth study in terms of global industry analysis, growth trends, and forecasts.
Get Sample Report Copy :
According to the report, factors such as the increased construction of leisure boats together with the technological advancements taking place in the segment are driving growth in the global market for marine composites. The market is experiencing a substantial rise in demand in recent years. This growth in market opportunities is contributed to the advent of new boat building industries in countries such as South Korea, China, and other Oceanic regions. Despite registering strong demand in the Asia Pacific region, the global marine composites market might face restraints in Europe owing to the stringent environmental regulations on styrene observed in the region. However, enhanced bio-plastics demand and growing scope for expansion in the prepegs market are anticipated to provide significant prospects for the industry to capitalize on.
In order to present a comprehensive research study, the report segmented the global marine composites market on the basis of product types, end users, and applications. According to the report, in 2012 glass fiber reinforced plastics (GFRPs) generated maximum revenue and maximum demand in the year. GFPR is lightweight and it is available at a cheap price. This created increased demand for the variant in the global market. Moreover, a steady increase in demand for GFPRs from private watercrafts and powerboats sectors also enhanced the market opportunities for the segment. In the same year foam core material emerged as the second largest segment in the global marine composites market. In fact, the segment is projected to gain an increased share in the global market in forthcoming years. Marine composite product segments such as out-of-autoclave prepegs and metal composites are also expected to emerge as dominant players in the market.
Browse the full Marine Composites (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Foam Core Materials and Others) Market for Powerboats, Sailboats, Cruise Liners and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/marine-composites-market.html
Geographically, the global market for marine composites was dominated by North America in 2012. Rise in demand for small boats and personal watercrafts created increased demand for marine composites in Europe, which made the region the second largest market for the industry in 2012. The global marine composites market is likely to expand in Asia Pacific considerably between 2013 and 2019 owing to the growth of boat building industries in countries such as South Korea and China. Rest of the World, on the other hand, is expected to register unwavering demand during the forecast period.
About Transparency Market Research
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company's exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR's data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
Blog : https://researchandreports.wordpress.com/