Sarasota, FL -- (SBWIRE) -- 12/05/2017 -- According to the report, the global marine composites market was valued at around USD 1.12 billion in 2016 and is expected to reach around USD 1.70 billion by 2022, growing at a CAGR of around 7.3% between 2017 and 2022. In terms of volume, global marine composites market stood at approximately 156.54-kilo tons in 2016.

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The report of marine composites market provides the comprehensive glance on the global and regional level. The study provides historic data of 2014 to 2016 along with a forecast for 2017 to 2022 based revenue and volume. The study includes drivers and restraints for the marine composites market along with the impact they have on the demand over the forecast period. Furthermore, the study also provides the major opportunities of global marine composites market.

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The global marine composites market study also comprises the detailed value chain analysis for providing a comprehensive view on the market. Moreover, the study also includes Porter's Five Forces model for marine composites, to understand the competitive landscape of the global market. The study includes a market attractiveness analysis of product, application and regional segments.

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The study provides a significant view on the global marine composites market by classifying it into product, application and region segmentation. These segments have been estimated and forecasted with the future and past trends. On the basis of product segment, the report has been segmented into carbon fiber reinforced plastics, foam core materials, and glass fiber reinforced plastics. The major application segment in the report has been segmented into cruise liners, powerboats and sailboats and others. The regional segmentation includes Middle East & Africa, Asia-Pacific, Europe, Latin America and North America.

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Major vendors of global marine composites market include E. I. du Pont de Nemours and Company, 3A Composites GmbH, Hexcel Corporation, Cytec Industries Inc., Zoltek Companies Inc., Toray Industries Inc. Owens Corning and among others.

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