The Epoxy Resin Market in Marine Composites study by Platform Type (Boats, Yachts and Others), by Application Type (Hulls, Mast & Spreaders, Decks, Interiors, and Others), by Process Type (Prepreg Layup, Resin Infusion and Others) by Curing Type (Amine, Anhydride, and Others) and by Region (North America, Europe, Asia-Pacific and Others); offered by Stratview Research discusses the most up-to-date market trends as well as an industry growth estimate for the next 5 years. The report covers industry profiles of key players, including market share, regional analysis, and market division, business & development strategies, mergers & acquisitions, alliances, and key financial data, etc.
The information provided in this report is acquired from several well-grounded primary and secondary sources, such as, white papers, press releases, news, interviews with key players, revenue data sheets, etc.
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Market Insights
According to the report, the global Epoxy Resin Market in Marine Composites is likely to grow at a healthy CAGR of 4.4% over the next five years.
Market Segments' Analysis
Based on the platform type, the global epoxy resin market in marine composites is segmented as boats, yachts, and others. The boat is expected to remain the most dominant market during the forecast period, driven by higher production of boats globally and increasing usage of epoxy composites in high-speed racing boats in order to optimize strength-to-weight ratio of major components, such as hulls.
Based on the application type, the global epoxy resin market in marine composites is segmented as hulls, mast & spreaders, decks, interiors, and others. The mast & spreaders segment is likely to remain the most dominant application type in the epoxy resin market in marine composites during the forecast period. Carbon-epoxy is the most preferred composite materials for making masts and spreaders, whereas glass-polyester is for making hulls and decks.
Based on regions, Europe dominates the global epoxy resin market in marine composites, owing to the presence of a large number of prepreggers, part fabricators, and boat and yacht manufacturers. Selden Masts, Sunseeker International Ltd., Future Fibers, Marstrom Composites AB, Gurit Holding AG, and Hexcel Corporation are some of the major consumers of epoxy composites for the marine industry in the European region.
Key Players
The following are the key players in the Epoxy Resin Market in Marine Composites-
Research Methodology
This market report from Stratview Research provides a thorough analysis that reflects present and future market possibilities for the forecast period of 2021 to 2026. This market report is compiled through several authenticated secondary sources, such as company’s annual reports, press releases, white papers, articles, etc. Also, the market experts have performed several interviews with the industry stakeholders in order to collect reliable and insightful information.
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Critical Questions Answered in the Report
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The supply chain of this market comprises of raw material suppliers, epoxy resin manufacturers, distributors, prepreg manufacturers, composite part fabricators, boat manufacturers, and yacht manufacturers.