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The China marine composites market is expected to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Marine composites refer to an amalgamation of fibers and resin materials that provide shape and support to marine components. These components include carbon composites, wood fibers, glass-reinforces plastic, ferrocement and aramid fiber. Marine composites are manufactured using vinyl ester, thermoplastic, epoxy, polyester, acrylic and phenolic resins. They are widely utilized in the production of ducts, gratings, shafts, hull shells and piping. At present, the composite-based parts that are used in the assembling of cruise ships, powerboats and sailboats are gaining popularity across China. This can be accredited to their numerous beneficial properties, which include customizability, corrosion resistance, reduction in the overall weight, fuel efficiency and high mechanical strength.
The imposition of lockdown restrictions due to the coronavirus disease (COVID-19) outbreak led to a temporary halt in the operations of different manufacturing firms. This hindered the overall sales, but the market experienced growth shortly after the restrictions were uplifted in China. Additionally, the significant development in the maritime industry is strengthening the growth of the market in the country. Moreover, governing authorities are undertaking numerous initiatives to promote yachting as a leisure activity. This, coupled with the increasing number of tourists traveling to China by cruise liners, is positively influencing the market. Furthermore, the rising integration of vacuum infusion and renewable materials in the manufacturing of marine composites as they provide improved stiffness and excellent resistance to impact, moisture, and abrasion is impelling the market growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the China marine composites market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on composite type, fiber type, resin type and vessel type.
Breakup by Composite Type:
Breakup by Fiber Type:
Breakup by Resin Type:
Breakup by Vessel Type:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2020|
|Segment Coverage||Composite Type, Fiber Type, Resin Type, Vessel Type, Region|
|Region Covered||Guangdong, Jiangsu, Shandong, Zhejiang, Henan|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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