Name: China 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
Creator: IMARC Group
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Keywords: China Marine Composites Market Report

China 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: SR112025A4712

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Market Overview:

The China marine composites market size reached US$ 744.0 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,158.1 Million by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 744.0 Million
Market Forecast in 2032	US$ 1,158.1 Million
Market Growth Rate (2024-2032)	4.89%

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.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the China marine composites market report, along with forecasts at the country and regional levels from 2024-2032. 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:

Guangdong
Jiangsu
Shandong
Zhejiang
Henan
Others

Competitive Landscape:

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

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	Guangdong, Jiangsu, Shandong, Zhejiang, Henan, Others
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 Questions Answered in This Report:

How has the China 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 China 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 China marine composites market and who are the key players?
What is the degree of competition in the industry?

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