Market Overview:

The Japan 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 are made using fibers and resin materials and used to provide shape and reinforce marine components. These components primarily include ferrocement, wood fibers, aramid fiber, carbon composites and glass-reinforced plastic. Marine composites find applications in the production of ducts, ships, gratings, hull shells and piping across Japan, which are further used in the assembling of powerboats, cruise ships and sailboats. This can be accredited to their advantageous properties, including customizability, fuel efficiency, and corrosion resistance.

The thriving maritime industry and the extensive utilization of marine components in the manufacturing of recreational boats are among the major factors strengthening the growth of the market. Marine composites offer improved noise damping features, lower magnetic signature, and a high strength-to-weight ratio. Additionally, the expanding cargo movement and marine transportation activities, in confluence with the escalating demand for power, luxury and high-speed boats and yachts, represents another significant factor contributing to market growth. However, the coronavirus disease (COVID-19) outbreak and the subsequent lockdown restrictions imposed by the governing agencies of the country have led to a temporary closure of operations at manufacturing firms. This has severely affected the overall growth of market, but it is gradually witnessing growth as restrictions are gradually uplifted.

Key Market Segmentation:

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

• Kanto Region
• Kinki Region
• Central/ Chubu Region
• Kyushu-Okinawa Region
• Tohoku Region
• Chugoku Region
• Hokkaido Region
• Shikoku Region
   

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 Japan 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 Japan 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 Japan marine composites market and who are the key players?
• What is the degree of competition in the industry?