Market Overview:

The Europe 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 a composition of resin and fibers employed to shape and reinforce marine components. These components are generally made using wood fibers, glass-reinforced plastic, carbon composites, aramid fiber and ferrocement. Besides this, they can also be manufactured using polyester, vinyl ester, thermoplastic, epoxy, acrylic and phenolic resins. Marine composites are widely used in the production of shafts, ducts, gratings, piping and hull shells. They are also utilized in constructing cruise ships, sailboats and powerboats across Europe on account of their fuel efficiency, corrosion resistance, reduction in the overall weight, high mechanical strength and customizability.

A significant expansion of the maritime industry on account of the rising construction of submarines, complex vessels, and other naval vessels represents one of the key factors bolstering the growth of the market in Europe. Besides this, there is a considerable increase in the demand for corrosion-resistant, lightweight, and high-strength parts. This, coupled with the rising adoption of fuel-efficient and high-speed boats, is contributing to market growth. Moreover, marine composites are employed in the manufacturing of recreational boats that have a high strength-to-weight ratio, improve noise-damping features, fuel efficiency and lower magnetic signature. However, due to the coronavirus disease (COVID-19) outbreak, governing agencies of several countries implemented stringent lockdown regulations. This shortly disrupted the manufacturing operations and supply chain of the marine composites market in the region, but it is gradually witnessing growth as normalcy has been regained.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the Europe 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:

• Metal Matrix Composite (MMC)
• Ceramic Matrix Composite (CMC)
• Polymer Matrix Composite (PMC)
   

Breakup by Fiber Type:

• Glass Fiber
• Carbon Fiber
• Aramid Fiber
• Natural Fiber
• Others
   

Breakup by Resin Type:

• Polyester
• Vinyl Ester
• Epoxy
• Thermoplastic
• Phenolic
• Acrylic
• Others
   

Breakup by Vessel Type:

• Power Boats
• Sailboats
• Cruise Ships
• Others
   

Breakup by Country:

• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Key Questions Answered in This Report:

• How has the Europe marine composites market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Europe marine composites market?
• What are the key regional markets?
• What is the breakup of the market based on the composite type?
• What is the breakup of the market based on the fiber type?
• What is the breakup of the market based on the resin type?
• What is the breakup of the market based on the vessel type?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the Europe marine composites market and who are the key players?
• What is the degree of competition in the industry?