Boston, MA -- (SBWIRE) -- 11/24/2016 -- Marine composites are used extensively in the construction of ships and marine structures. These composites have a higher stiffness and strength by weight than most other materials, including metals, such as steel and aluminum. These are used in various parts of a commercial or pleasure craft. The result is a lighter craft that can achieve a higher rate of speed than the same type of craft constructed with aluminum or steel.

Technavio's analysts forecast the global marine composites market to grow at a CAGR of 6.04% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global marine composites market for 2016-2020. To calculate the market size, the report considers the consumption of marine composites products for applications in powerboats, sailboats, cruise ships, and others (personal watercraft and race boats).

Get More Details on this Report and a Full Table of Contents at Global Marine Composites Market 2016-2020

The market is divided into the following segments based on geography:

-APAC
-Europe
-North America
-ROW

Technavio's report, Global Marine Composites Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-3A Composites
-Cytec
-DuPont
-Mitsubishi Rayon (MRC)
-Owens Corning

Other prominent vendors

-Gurit
-Hexcel
-SGL Group
-Teijin
-Toray Industries

Market driver

-High demand from small boats
-For a full, detailed list, view our report

Market challenge

-Disadvantages of marine composites
-For a full, detailed list, view our report

Market trend

-Recovery of boat manufacturing industry
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: 3A Composites, Cytec, DuPont, Mitsubishi Rayon (MRC), Owens Corning, Gurit, Hexcel, SGL Group, Teijin, Toray Industries

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