Global marine composites market was valued around USD 4 billion until 2019 and is expected to grow at a formidable rate of around 6% during the forecast period. The global marine composites market is driven by the surging requirement for lightweight boats. Moreover, surging technological innovations so that overall time of production cycle can be reduced, which is anticipated to positively impact the growth of market during the forecast years. Also, increase in need for corrosion resistance parts in building ships is further expected to bolster the growth of market over the next few years.

The global marine composites market is segmented based on composite type, application, company and region. Based on composite type, the market can be categorized into metal matrix composites, ceramic matrix composites and polymer matrix composites. The polymer matrix composites segment dominated the market until 2019 in terms of largest revenue and is expected to maintain its leading position during the forecast period as well. This can be ascribed to its large-scale applications in marine industry as this polymer matrix composite exhibits excellent properties. In addition to this, polymer matrix composite provides additional benefits such as corrosion resistance, lightweight and impact resistance, which is thereby boosting the growth of segment during the forecast years.

Major players operating in the global marine composites market include Toray Industries Inc., Mitsubishi Rayon Co. Ltd., Hexcel Corporation, Owens Corning, Cytec Solvay Group, E. I. Du Pont De Nemours and Company, Gurit Holding, SGL Group, Teijin Limited, Hyosung, Zoltek Companies Inc., Tatneft Alabuga Fiberglass, Premier Composite Technologies, Advanced Custom Manufacturing, Aeromarine Industries Ltd., Airborne, GMS Composites, Composites One, Hexion, Marine Concepts and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, collaborations, partnerships and new developments.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and estimate the market size of global marine composites market from 2015 to 2018.
  • To estimate and forecast the market size of global marine composites market from 2019 to 2025 and growth rate until 2025.
  • To classify and forecast global marine composites market based on composite type, application, company and regional distribution.
  • To identify dominant region or segment in the global marine composites market.
  • To identify drivers and challenges for global marine composites market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global marine composites market.
  • To conduct pricing analysis for global marine composites market.
  • To identify and analyze the profile of leading players operating in global marine composites market.
  • To identify key sustainable strategies adopted by market players in global marine composites market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers of marine composites across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global marine composites market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Marine composites manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to marine composites
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global marine composites market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Global Marine Composites Market, By Composite Type:
    • Metal Matrix Composites
    • Ceramic Matrix Composites
    • Polymer Matrix Composites
  • Global Marine Composites Market, By Application:
    • Power Boats
    • Sailboats
    • Cruise Ships
    • Others
  • Global Marine Composites Market, By Region:
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
    • Asia-Pacific
      • China
      • Japan
      • India
      • South Korea
      • Australia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
      • Kuwait
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global marine composites market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Global Marine Composites market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Global Marine Composites Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Product Awareness

5.2.  Customer Satisfaction Analysis

5.3.  Unmet Needs/Challenges

6.    Global Marine Composites Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Composite Type (Metal Matrix Composites, Ceramic Matrix Composites, Polymer Matrix Composites)

6.2.1.1.         By Polymer Matrix Composites (Glass Fiber Marine Composites, Carbon Fiber Marine Composites, Others)

6.2.2.     By Application (Power Boats, Sailboats, Cruise Ships, Others)

6.2.3.     By Company (2019)

6.2.4.     By Region

6.3.  Market Attractiveness Index

7.    Asia-Pacific Marine Composites Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Composite Type

7.2.2.     By Application

7.2.3.     By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.     China Marine Composites Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value & Volume

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Composite Type

7.3.1.2.2.             By Application

7.3.2.     India Marine Composites Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value & Volume

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Composite Type

7.3.2.2.2.             By Application

7.3.3.     Australia Marine Composites Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value & Volume

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Composite Type

7.3.3.2.2.             By Application

7.3.4.     Japan Marine Composites Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value & Volume

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Composite Type

7.3.4.2.2.             By Application

7.3.5.     South Korea Marine Composites Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value & Volume

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Composite Type

7.3.5.2.2.             By Application

8.    Europe Marine Composites Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Product

8.2.2.     By Composite Type

8.2.3.     By Application

8.2.4.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Marine Composites Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value & Volume

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Composite Type

8.3.1.2.2.             By Application

8.3.2.     Germany Marine Composites Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value & Volume

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Composite Type

8.3.2.2.2.             By Application

8.3.3.     United Kingdom Marine Composites Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value & Volume

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Composite Type

8.3.3.2.2.             By Application

8.3.4.     Italy Marine Composites Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value & Volume

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Composite Type

8.3.4.2.2.             By Application

8.3.5.     Spain Marine Composites Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value & Volume

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Composite Type

8.3.5.2.2.             By Application

9.    North America Marine Composites Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Product

9.2.2.     By Composite Type

9.2.3.     By Application

9.2.4.     By End Use

9.2.5.     By Country

9.3.  North America: Country Analysis

9.3.1.     United States Marine Composites Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value & Volume

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Composite Type

9.3.1.2.2.             By Application

9.3.1.2.3.             By End Use

9.3.2.     Mexico Marine Composites Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value & Volume

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Composite Type

9.3.2.2.2.             By Application

9.3.2.2.3.             By End Use

9.3.3.     Canada Marine Composites Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value & Volume

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Composite Type

9.3.3.2.2.             By Application

9.3.3.2.3.             By End Use

10.  South America Marine Composites Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Composite Type

10.2.2.  By Application

10.2.3.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Marine Composites Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value & Volume

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Composite Type

10.3.1.2.2.           By Application

10.3.2.  Argentina Marine Composites Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value & Volume

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Composite Type

10.3.2.2.2.           By Application

10.3.3.  Colombia Marine Composites Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value & Volume

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Composite Type

10.3.3.2.2.           By Application

11.  Middle East and Africa Marine Composites Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Composite Type

11.2.2.  By Application

11.2.3.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Marine Composites Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value & Volume

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Composite Type

11.3.1.2.2.           By Application

11.3.2.  Saudi Arabia Marine Composites Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value & Volume

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Composite Type

11.3.2.2.2.           By Application

11.3.3.  UAE Marine Composites Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value & Volume

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Composite Type

11.3.3.2.2.           By Application

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Competitive Landscape

14.1.              Toray Industries Inc.

14.2.              Mitsubishi Rayon Co. Ltd.

14.3.              Hexcel Corporation

14.4.              Owens Corning

14.5.              Cytec Solvay Group

14.6.              E. I. Du Pont De Nemours and Company

14.7.              Gurit Holding

14.8.              SGL Group

14.9.              Teijin Limited

14.10.            Hyosung

14.11.            Zoltek Companies Inc.

14.12.            Tatneft Alabuga Fiberglass

14.13.            Premier Composite Technologies

14.14.            Advanced Custom Manufacturing

14.15.            Aeromarine Industries Ltd.

14.16.            Airborne

14.17.            GMS Composites

14.18.            Composites One

14.19.            Hexion

14.20.            Marine Concepts

15.  Strategic Recommendations

16.  About Us & Disclaimer