United States Marine Composites Market Report by Composite Type (Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC), Polymer Matrix Composite (PMC)), Fiber Type (Glass Fiber, Carbon Fiber, Aramid Fiber, Natural Fiber, and Others), Resin Type (Polyester, Vinyl Ester, Epoxy, Thermoplastic, Phenolic, Acrylic, and Others), Vessel Type (Power Boats, Sailboats, Cruise Ships, and Others), and Region 2024-2032

United States Marine Composites Market Report by Composite Type (Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC), Polymer Matrix Composite (PMC)), Fiber Type (Glass Fiber, Carbon Fiber, Aramid Fiber, Natural Fiber, and Others), Resin Type (Polyester, Vinyl Ester, Epoxy, Thermoplastic, Phenolic, Acrylic, and Others), Vessel Type (Power Boats, Sailboats, Cruise Ships, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A4703
Buy Now

Market Overview:

The United States marine composites market size reached US$ 922.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,392.3 Million by 2032, exhibiting a growth rate (CAGR) of 4.54% during 2024-2032. Growing demand for lightweight and durable materials in boat building, the increasing need for fuel-efficient vessels, and the rising popularity of recreational boating and water sports activities are some of the key factors driving the market.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 922.5 Million
Market Forecast in 2032
US$ 1,392.3 Million
Market Growth Rate 2024-2032 4.54%


Marine composites are materials used extensively in the construction of boats, yachts, and other marine structures. Its components typically include a matrix material and a reinforcing material. The matrix material is a resin, which serves as a binder for the reinforcing material. The reinforcing material is typically a fiber, such as a fiberglass, carbon fiber, or Kevlar. One of the key advantages of marine composites is their strength-to-weight ratio. They are much lighter than traditional materials, such as steel or aluminum, while being incredibly strong. They are also highly resistant to corrosion, durable, and require low maintenance. Consequently, boats and other marine structures made from composites are fast and fuel-efficient. Currently, there are umpteen variants available, including fiberglass, carbon fiber, and Kevlar composites.

United States Marine Composites Market Trends:

The growing demand for durable and lightweight materials in boat building and marine applications represents one of the key factors providing a positive outlook for the market. Another contributing driver is the increasing need for fuel-efficient vessels, which has led to the adoption of composite materials that offer improved strength-to-weight ratios. Additionally, the rising popularity of recreational boating and water sports activities and the expanding application scope of composites in various marine segments, such as naval vessels, luxury yachts, and commercial boats, are propelling the market growth. In line with this, the development of bio-based composites and the escalating adoption of composites in marine infrastructure are boosting the market growth. Furthermore, the favorable regulatory environment and government initiatives to promote the use of composite materials in marine applications are contributing to the market growth. Other factors, such as the availability of raw materials, the growing focus on renewable energy, and the presence of established manufacturers, are fueling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States marine composites market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on composite type, fiber type, resin type and vessel type.

Composite Type Insights:

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

The report has provided a detailed breakup and analysis of the United States marine composites market based on the composite type. This includes metal matrix composite (MMC), ceramic matrix composite (CMC), and polymer matrix composite (PMC). According to the report, polymer matrix composite (PMC) accounted for the largest market share.

Fiber Type Insights: 

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

The report has provided a detailed breakup and analysis of the United States marine composites market based on the fiber type. This includes glass fiber, carbon fiber, aramid fiber, natural fiber, and others. According to the report, glass fiber accounted for the largest market share.

Resin Type Insights:

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

The report has provided a detailed breakup and analysis of the United States marine composites market based on the resin type. This includes polyester, vinyl ester, epoxy, thermoplastic, phenolic, acrylic, and others. According to the report, polyester accounted for the largest market share.

Vessel Type Insights:

  • Power Boats
  • Sailboats
  • Cruise Ships
  • Others
     

The report has provided a detailed breakup and analysis of the United States marine composites market based on the vessel type. This includes power boats, sailboats, cruise ships, and others. According to the report, cruise ships accounted for the largest market share.

Regional Insights:

  • Northeast
  • Midwest
  • South
  • West
     

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the United States marine composites market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. For each of the companies covered, the report provides business overview, services offered, business strategies, financials, SWOT analysis, and major news and events.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Composite Type, Fiber Type, Resin Type, Vessel Type, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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)

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States marine composites market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the United States marine composites market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States marine composites industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Key Questions Answered in This Report

The United States marine composites market was valued at US$ 922.5 Million in 2023.

We expect the United States marine composites market to exhibit a CAGR of 4.54% during 2024-2032.

The rising demand for marine composites to manufacture recreational boats, as they have high mechanical strength, fuel efficiency, reduction in the overall weight, corrosion resistance, and customizability, is primarily driving the United States marine composites market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary halt in numerous production activities for marine composites.

Based on the composite type, the United States marine composites market has been segmented into Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC), and Polymer Matrix Composite (PMC). Among these, Polymer Matrix Composite (PMC) currently holds the majority of the total market share.

Based on the fiber type, the United States marine composites market can be divided into glass fiber, carbon fiber, aramid fiber, natural fiber, and others. Currently, glass fiber exhibits a clear dominance in the market.

Based on the resin type, the United States marine composites market has been categorized into polyester, vinyl ester, epoxy, thermoplastic, phenolic, acrylic, and others, where polyester currently accounts for the majority of the total market share.

Based on the vessel type, the United States marine composites market can be segregated into power boats, sailboats, cruise ships, and others. Currently, cruise ships hold the largest market share.

On a regional level, the market has been classified into Northeast, Midwest, South, and West.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
United States Marine Composites Market Report by Composite Type (Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC), Polymer Matrix Composite (PMC)), Fiber Type (Glass Fiber, Carbon Fiber, Aramid Fiber, Natural Fiber, and Others), Resin Type (Polyester, Vinyl Ester, Epoxy, Thermoplastic, Phenolic, Acrylic, and Others), Vessel Type (Power Boats, Sailboats, Cruise Ships, and Others), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More