Global Marine Composites (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Foam Core Materials and Others) Market - Forecast to 2019

DUBLIN, May 26, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/kzctcd/marine_composites) has announced the addition of the "Global Marine Composites (Carbon Fiber Reinforced Plastics, Glass Fiber Reinforced Plastics, Foam Core Materials and Others) Market - Forecast to 2019" report to their offering.

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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. Marine composites offer resistance to wear and tear, design freedom and lower labor costs in fabrication. Glass fiber reinforced plastics are the most used marine composites across various applications.

Glass fiber reinforced plastics are used in powerboats, sailboats, cruise liners and personal watercrafts, among others. GFRPs are preferred over other composites as they are available at lower costs and offers design freedom. Foam core materials such as PVC, PET and PU are the second-largest market for marine composites and find applications in decks, masts components in powerboats and sailboats.

Market for other marine composites is expected to grow in the near future due to increasing demand for biodegradable and repairable composites. Although, stringent regulations and legislations related to styrene can be major restraint for the marine composite market.

The global marine composites market is growing, owing to the huge demand from the leisure boat industry. Growth in the leisure boat market coupled with technological advancements in manufacturing of marine composites has been driving the global marine composites market in the past few years.

Additionally, growing boat building industry in Asia Pacific, especially in South Korea and Mainland China has been driving the market in the past few years.

However, the health and environmental concerns regarding the styrene content in marine composites are anticipated to hamper the growth of the marine composites market. Increasing application scope of out-of-autoclave prepregs and bio-plastics composites market coupled with growing boat building industry in China market are expected to open opportunities for the growth of the market over the next few years.

Key Topics Covered:

Chapter 1 Preface

Chapter 2 Executive Summary

Chapter 3 Marine Composites - Industry Analysis

Chapter 4 Marine Composites Market - Product Segment Analysis

Chapter 5 Marine Composites Market - Application Analysis

Chapter 6 Marine Composites Market - Regional Analysis

Chapter 7 Company Profiles

Companies Mentioned:

• 3A Composites GmbH
• Cytec Industries Inc.
• E. I. du Pont de Nemours and Company
• Gurit Holding AG
• Hexcel Corporation
• Koninklijke Ten Cate nv
• Owens Corning Corporation
• Teijin Ltd.
• Toray Industries Inc.
• Zoltek Companies Inc.

For more information visit http://www.researchandmarkets.com/research/kzctcd/marine_composites

Media Contact: Laura Wood, +353-1-481-1716, press@researchandmarkets.net

SOURCE Research and Markets