Europe Marine Composites Market Trends & Forecast 2032

Europe 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 Country 2024-2032

Report Format: PDF+Excel | Report ID: SR112025A4711

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Market Overview:

The Europe marine composites market size reached US$ 1,413.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 2,217.2 Million by 2032, exhibiting a growth rate (CAGR) of 4.98% during 2024-2032.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Size in 2023	US$ 1,413.4 Million
Market Forecast in 2032	US$ 2,217.2 Million
Market Growth Rate (2024-2032)	4.98%

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 segment of the Europe marine composites market report, along with forecasts at the regional and country 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 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:

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, Country
Countres Covered	Germany, France, United Kingdom, Italy, Spain, 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 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?

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