The glass fiber reinforced plastics (GFRP) segment accounted for the largest market share of 82.02% in 2015. This significant market share is attributed to lower cost, easy availability, and advanced specifications of GFRP that are used in making hull and interior body parts of boats and cruise ships.Polyester was mainly consumed in the manufacturing of marine composites and accounted for 48% of the market in 2015. This high share is due to the low cost of polyester composite and its ease of use as marine composites.The powerboats segment accounted for the largest market share of 55.14% in 2015. This significant market share is attributed to the technological advancements in this sector. The key drivers for the increasing demand for marine composites in powerboats are the rise in demand for high-speed boats and increasing use of fuelefficient marine transports in recreation activities.

PART 01: Executive summary ............................................ 6

Highlights 6

PART 02: Scope of the report ............................................. 7

Market overview 7

Top-vendor offerings 11

PART 03: Market research methodology ......................... 13

Research methodology 13

Economic indicators 13

PART 04: Introduction ....................................................... 14

Key market highlights 14

Product definition: Composites 15

Scope of use 15

Materials testing for marine composites 15

Outlook 16

PART 05: Market landscape .............................................. 18

Market size and forecast 18

Five forces analysis 20

PART 06: Market segmentation by product material ...... 21

Global marine composites market by product material 21

GFRP in global marine composites market 23

Foam core material in global marine composites

market 24

CFRP in global marine composites market 25

PART 07: Market segmentation by resin type ................. 27

Market outlook 27

PART 08: Market segmentation by application ............... 29

Global marine composites market by application 29

Global marine composites market in powerboats

segment 30

Global marine composites market in cruise ships

segment 31

Global marine composites market in sailboats

segment 33

Global marine composites market in other applications 34

PART 09: Market segmentation by geography ................ 35

Global marine composites market by geography 35

Marine composites market in North America 36

Marine composites market in Europe 37

Marine composites market in APAC 38

Marine composites market in ROW 39

PART 10: Market drivers ................................................... 40

High demand from small boats 40

Advantages of marine composites over substitutes 40

Emergence of new vendors 41

Rise in technological innovations 41

PART 11: Impact of drivers ............................................... 42

PART 12: Market challenges ............................................. 43

Disadvantages of marine composites 43

Lack of standardization 43

Fluctuating raw material prices 44

PART 13: Impact of drivers and challenges .................... 45

PART 14: Market trends .................................................... 46

Recovery of boat manufacturing industry 46

Increasing demand from emerging economies 46

High degree of vertical integration 47

PART 15: Vendor landscape ............................................. 48

Competitive scenario 48

Major market vendors 50

Other prominent vendors 50

3A Composites 51

Cytec Solvay Group 53

DuPont 54

Mitsubishi Rayon (MRC) 55

Owens Corning 57

PART 16: Appendix ........................................................... 59

List of abbreviations 59

PART 17: Explore Technavio ............................................ 60