The marine composite market includes various types of composite materials. Carbon fiber reinforced plastics (CFRPs), Glass fiber reinforced plastics (GFRPs), foam core materials and other bio- plastic composites are used in the marine industry. Composites are used in marine applications as they provide lighter weight, higher weight-to-strength ratio and durability.
Albany, NY -- (SBWIRE) -- 03/29/2016 -- The report covers forecast and analysis for the marine composites market on a global and regional level. The study provides historical data of 2012 along with a forecast from 2013 to 2019 based on both volumes (kilo tons) and revenue (USD million). The study includes drivers and restraints for the marine composites market along with the impact they have on the demand over the forecast period. Additionally, the report includes analysis of opportunities available in the marine composites market on a global and regional level. The drivers, restraints and opportunities mentioned in the report are justified with the help of quantitative and qualitative data which is verified by primary and secondary resources.
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In order to give the users of this report a comprehensive view on the marine composites market, we have included a detailed value chain analysis. Value chain analysis will provide details such as integration in the market, distribution channels, applications and end-user for the market To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the marine composites market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, compounded annual growth rate (CAGR), general attractiveness and company market share. The report includes company market share analysis which helps to understand business strategies of the major manufacturers in the market.
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The study provides a decisive view on the marine composites market by segmenting the market based on product types and end-users. All product and application segments have been analyzed based on present and future trends and the CAGR for the market is estimated between 2013 and 2019. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific and Rest of the World (RoW). This segmentation includes demand for individual applications in all the regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Cytec Industries Inc., 3A Composites GmbH, Toray Industries Inc., Gurit Holding AG, Hexcel Corporation, Zoltek Companies Inc., Koninklijke Ten Cate nv, Owens Corning Corporation, Taijin Ltd., Hexcel Corporation and E. I. du Pont de Nemours among others. Company profiles include attributes such as company overview, financial overview, business strategy, SWOT analysis and recent developments.
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Inflation is not a part of pricing in this report. Prices of marine composites and its derivatives vary in each region; hence, a similar volume to revenue ratio does not follow for each individual region. The same price for each application has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by product and end-user segment in each region. We use models and estimates in order to produce comprehensive data sets when there is no hard data available. We have used the bottom up approach to arrive at the global market considering individual application segments and integrating them to arrive at the global market. The applications have been further bifurcated using top down approach to derive the regional product market consumption.
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For the research report, we conducted in-depth interviews and discussions with a wide range of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by an extensive secondary research. We reviewed key players' product literature, annual reports, press releases and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations and agencies. This has proven to be the most reliable, effective and successful approach for obtaining precise market data, capturing industry participants' insights and recognizing business opportunities.
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