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  4. > Marine Composites Market by Type (Glass Fiber Composites, Carbon Fiber Composites, Foam Core Materials), by Application (Power Boats, Cruise Ships, Sail Boats) - Global Trends and Forecasts to 2019

Composites have found wide acceptance in various industries including marine because of their light weight and superior environmental resistance characteristics. On the basis of application areas, the market of marine composites can be broadly segmented into power boats, cruise ships, and sail boats. Though power boats is the major application of marine composites and serves an array of industries including marine leisure market, sail boats is an emerging market and the demand for the same is growing at a high pace.

The North American region is the biggest market of marine composites, accounting for half of the total marine composites demand. There is a lot of scope in the Asia-Pacific market due to the expanding manufacturing base for cruise ships and power boats in the region. With the emerging technological developments and innovations in the region, the demand for marine composites may further augment at a higher pace.

Currently, the reach of marine composites is increasing in power boats and cruise ships segment. The key drivers for increasing demand of marine composites are rise in demand of fuel efficient vehicles and increasing use of high speed boats in recreation activities. The design flexibility offered by composites is further pushing the market of marine composites in different marine applications. Technological developments & innovations and expansion are identified as key strategies to expand the marine composites market.

This study on marine composites market estimates its global demand and market size in terms of value for 2013 and projects the expected demand and also the market size the same by 2019. As a part of the quantitative analysis, the study segments the global market by types and applications at country level with current market estimation and forecast till 2019. The countries covered in the report are the U.S., Canada, Germany, Italy, France, Japan, China, South Korea, and Argentina. The segmentation by type includes glass fiber composites, carbon fiber composites and foam core materials; while on the basis of its application, the segmentation includes power boats, cruise ships, sail boats, and others.

As a part of qualitative analysis, the research provides report with a comprehensive review of key market drivers, restraints, opportunities, winning imperatives, and key issues in the market.

It also includes company profiling and competitive strategies adopted by various market players including Toray Industries (Japan), Mitsubishi Rayon Co. Ltd (Japan), Owens Corning (U.S.), 3A composites (Switzerland), Cytec Industries Inc (U.S.), E. I. Du Pont de Nemours and Company (U.S.), Gurit Holding Ag (Switzerland), Hexcel Corporation Inc. (U.S.), SGL Group (Germany), and Teijin Limited (Japan).

Table Of Contents

Marine Composites Market by Type (Glass Fiber Composites, Carbon Fiber Composites, Foam Core Materials), by Application (Power Boats, Cruise Ships, Sail Boats) - Global Trends and Forecasts to 2019
TABLE OF CONTENTS

1 INTRODUCTION
1.1 OBJECTIVES
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 YEARS CONSIDERED IN THE REPORT
1.4 CURRENCY and PRICING
1.5 PACKAGE SIZE
1.6 LIMITATIONS
1.7 STAKE HOLDERS

2 RESEARCH METHODOLOGY
2.1 MARKET SIZE ESTIMATION
2.2 MARKET CRACKDOWN and DATA TRIANGULATION
2.3 MARKET SHARE ESTIMATION
2.3.1 KEY DATA FROM SECONDARY SOURCES
2.3.2 KEY DATA FROM PRIMARY SOURCES
2.3.2.1 Key Industry Insights
2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS
4.1 MARINE COMPOSITES MARKET IN NORTH AMERICA
4.2 U.S. DOMINATES THE GLOBAL MARINE COMPOSITES MARKET
4.3 MARINE COMPOSITES MARKET: DEVELOPED VS. DEVELOPING NATIONS
4.4 LIFE CYCLE ANALYSIS, BY REGION

5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rise In Demand Of High Speed Boats
5.2.1.2 Better Properties As Compared To Other Alternatives
5.2.1.3 Design Flexibility of Vessels
5.2.1.4 Rise in Demand of Fuel Efficient Vehicles
5.2.2 RESTRAINTS
5.2.2.1 Concern About Reparability and Recyclability
5.2.2.2 High Cost of Carbon Fiber
5.2.2.3 Poor Fire Resistant Properties
5.2.2.4 Increasing Styrene Regulations
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing Leisure Boat Market
5.2.3.2 Advancement in Technologies
5.2.4 CHALLENGES
5.2.4.1 High Capital Cost
5.2.4.2 Recyclability of Composites
5.3 BURNING ISSUES
5.3.1 NEED FOR LOW COST PRODUCTION TECHNOLOGIES
5.4 STRATEGIC BENCHMARKING

6 INDUSTRY TRENDS
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
6.3 PORTER'S FIVE FORCES ANALYSIS
6.3.1 BARGAINING POWER OF SUPPLIERS
6.3.2 BARGAINING POWER OF BUYERS
6.3.3 THREAT OF SUBSTITUTES
6.3.4 THREAT OF NEW ENTRANTS
6.3.5 DEGREE OF COMPETITION
6.4 REGULATORY FRAMEWORK
6.5 RAW MATERIAL ANALYSIS
6.6 GREEN COMPOSITES
6.6.1 METHODS OF MANUFACTURING GREEN COMPOSITES
6.6.2 ADVANTAGES OF GREEN COMPOSITES
6.6.3 DISADVANTAGES OF GREEN COMPOSITES
6.6.4 APPLICATIONS OF GREEN COMPOSITES

7 MARINE COMPOSITES MARKET, BY TYPE
7.1 INTRODUCTION
7.1.1 METAL MATRIX COMPOSITE (MMC)
7.1.2 CERAMIC MATRIX COMPOSITE (CMC)
7.1.3 POLYMER MATRIX COMPOSITE (PMC)
7.1.3.1 Glass fiber composites
7.1.3.2 Carbon fiber composites
7.1.3.3 Foam core materials

8 MARINE COMPOSITES MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 POWER BOAT
8.3 CRUISE SHIP
8.4 SAIL BOAT
8.5 OTHERS

9 MARINE COMPOSITES MARKET, BY REGION
9.1 INTRODUCTION
9.2 NORTH AMERICA
9.2.1 U.S.
9.2.2 CANADA
9.3 EUROPE
9.3.1 ITALY
9.3.2 GERMANY
9.3.3 FRANCE
9.3.4 U.K.
9.4 ASIA-PACIFIC
9.4.1 JAPAN
9.4.2 SOUTH KOREA
9.4.3 CHINA
9.5 REST OF THE WORLD (ROW)
9.5.1 ARGENTINA

10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPETITIVE SITUATION and TRENDS
10.3 EXPANSIONS: THE MOST POPULAR GROWTH STRATEGY
10.3.1 EXPANSIONS
10.3.2 AGREEMENTS and COLLABORATIONS
10.3.3 NEW PRODUCT LAUNCHES and DEVELOPMENTS
10.3.4 MERGERS and ACQUISITIONS

11 COMPANY PROFILES
(Overview, Financial*, Products and Services, Strategy, and Developments)
11.1 INTRODUCTION
11.2 TORAY INDUSTRIES
11.3 MITSUBISHI RAYON CO. LTD
11.4 HEXCEL CORPORATION
11.5 OWENS CORNING
11.6 3A COMPOSITES
11.7 CYTEC INDUSTRIES INC.
11.8 E. I. DU PONT DE NEMOURS
11.9 GURIT HOLDING AG
11.1 SGL-GROUP
11.11 TEIJIN LIMITED
*Details might not be captured in case of unlisted companies.

12 APPENDIX
12.1 DISCUSSION GUIDE
12.1.1 INTRODUCING RT: REAL TIME MARKET INTELLIGENCE
12.1.2 AVAILABLE CUSTOMIZATIONS
12.1.3 RELATED REPORTS

LIST OF TABLES

TABLE 1 MARINE COMPOSITES MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
TABLE 2 IMPACT OF GLOBAL MARINE COMPOSITES MARKET DRIVERS (2014-2019)
TABLE 3 IMPACT OF GLOBAL MARINE COMPOSITES MARKET RESTRAINTS (2014-2019)
TABLE 4 IMPACT OF GLOBAL MARINE COMPOSITES MARKET OPPORTUNITIES (2014-2019)
TABLE 5 IMPACT OF GLOBAL MARINE COMPOSITES MARKET CHALLENGES (2014-2019)
TABLE 6 GLASS COMPOSITION BY WEIGHT FOR E- AND S- GLASS
TABLE 7 PRICE ANALYSIS OF RAW MATERIALS, 2012-2014
TABLE 8 GLOBAL FOAM MATERIAL PRICES, 2011-2013
TABLE 9 MARINE COMPOSITES MARKET SIZE, BY TYPE, 2012-2019 ($MILLION)
TABLE 10 MARINE COMPOSITES MARKET SIZE, BY TYPE, 2012-2019 (KT)
TABLE 11 GLASS FIBER COMPOSITES MARKET SIZE (VOLUME and VALUE), 2012-2019
TABLE 12 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
TABLE 13 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2012-2019 (KT)
TABLE 14 GLASS FIBER COMPOSITES MARKET SIZE, BY TOP COUNTRY, 2012-2019 (KT)
TABLE 15 CARBON FIBER COMPOSITES MARKET SIZE (VOLUME and VALUE), 2012-2019
TABLE 16 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
TABLE 17 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2012-2019 (KT)
TABLE 18 CARBON FIBER COMPOSITES MARKET SIZE, BY TOP COUNTRY, 2012-2019 (KT)
TABLE 19 FOAM CORE MATERIALS MARKET SIZE (VOLUME and VALUE), 2012-2019
TABLE 20 FOAM CORE MATERIALS MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
TABLE 21 FOAM CORE MATERIALS MARKET SIZE, BY REGION, 2012-2019 (KT)
TABLE 22 FOAM CORE MATERIALS MARKET SIZE, BY COUNTRY, 2012-2019 (KT)
TABLE 23 MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 24 MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 25 MARINE COMPOSITES IN POWER BOAT MARKET SIZE (VOLUME and VALUE), 2012-2019
TABLE 26 MARINE COMPOSITES IN POWER BOAT MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
TABLE 27 MARINE COMPOSITES IN POWER BOAT MARKET SIZE, BY REGION, 2012-2019 (KT)
TABLE 28 MARINE COMPOSITES IN CRUISE SHIP MARKET SIZE (VOLUME and VALUE), 2012-2019
TABLE 29 MARINE COMPOSITES IN CRUISE SHIP MARKET SIZE, BY REGION, 2012-2019 ($MILLION)
TABLE 30 MARINE COMPOSITES IN CRUISE SHIP MARKET SIZE, BY REGION, 2012-2019 (KT)
TABLE 37 MARINE COMPOSITES MARKET SIZE, BY REGION, 2012-2019 (KT)
TABLE 38 NORTH AMERICA: MARINE COMPOSITES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
TABLE 39 NORTH AMERICA: MARINE COMPOSITES MARKET SIZE, BY COUNTRY, 2012-2019 (KT)
TABLE 40 NORTH AMERICA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 41 NORTH AMERICA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 42 U.S.: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 43 U.S.: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 44 CANADA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 49 EUROPE: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 50 ITALY: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 51 ITALY: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 52 GERMANY: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 53 GERMANY: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 54 FRANCE: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 55 FRANCE: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 56 U.K.: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 57 U.K.: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 58 ASIA-PACIFIC: MARINE COMPOSITES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
TABLE 59 ASIA-PACIFIC: MARINE COMPOSITES MARKET SIZE, BY COUNTRY, 2012-2019 (KT)
TABLE 60 ASIA-PACIFIC: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 61 ASIA-PACIFIC: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 62 JAPAN: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 63 JAPAN: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 64 SOUTH KOREA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 65 SOUTH KOREA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 66 CHINA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 67 CHINA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 68 ROW: MARINE COMPOSITES MARKET SIZE, BY COUNTRY, 2012-2019 ($MILLION)
TABLE 69 ROW: MARINE COMPOSITES MARKET SIZE, BY COUNTRY, 2012-2019 (KT)
TABLE 70 ROW: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 71 ROW: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 72 ARGENTINA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 ($MILLION)
TABLE 73 ARGENTINA: MARINE COMPOSITES MARKET SIZE, BY APPLICATION, 2012-2019 (KT)
TABLE 74 EXPANSIONS, 2011-2013
TABLE 75 AGREEMENTS and COLLABORATIONS, 2011-2013
TABLE 76 NEW PRODUCT LAUNCH, 2011-2014
TABLE 77 MERGERS and ACQUISITIONS, 2011-2013

LIST OF FIGURES

FIGURE 1 MARINE COMPOSITES MARKET: RESEARCH METHODOLOGY
FIGURE 2 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION and REGION
FIGURE 5 GLASS FIBER COMPOSITES TO CONTINUE DOMINATING THE MARINE COMPOSITES MARKET IN THE FORECAST PERIOD
FIGURE 6 NORTH AMERICA IS DOMINATING THE MARINE COMPOSITES MARKET
FIGURE 7 MARINE COMPOSITES MARKET, BY APPLICATION, 2013
FIGURE 8 ASIA-PACIFIC IS THE FASTEST-GROWING MARINE COMPOSITES MARKET
FIGURE 9 OPPORTUNITIES IN MARINE COMPOSITES MARKET (2014-2019)
FIGURE 10 CRUISE SHIPS SEGMENT TO GROW AT THE FASTEST RATE AMONG ALL APPLICATIONS OF MARINE COMPOSITES
FIGURE 11 POWER BOATS APPLICATIONS ACCOUNT FOR THE LARGEST SHARE IN NORTH AMERICA
FIGURE 12 NORTH AMERICA HAS REGISTERED THE LARGEST SHARE IN THE MARINE COMPOSITES MARKET IN 2013
FIGURE 13 DEVELOPING MARKETS TO GROW FASTER THAN THE DEVELOPED ONES
FIGURE 14 ASIA-PACIFIC MARKET IS ESTIMATED TO GROW IN THE NEXT FIVE YEARS (2014-2019)
FIGURE 15 RISE IN DEMAND OF FUEL EFFICIENT VEHICLES WILL DRIVE THE MARINE COMPOSITES MARKET
FIGURE 16 OVERVIEW OF MARINE COMPOSITES VALUE CHAIN
FIGURE 17 PORTER'S FIVE FORCES ANALYSIS
FIGURE 18 MANUFACTURING OF CARBON FIBER
FIGURE 19 MANUFACTURING OF GLASS FIBER
FIGURE 20 PROCESS FLOW ANALYSIS OF FOAM
FIGURE 21 GREEN COMPOSITES
FIGURE 22 LIFE CYCLE OF GREEN COMPOSITES
FIGURE 23 MARINE COMPOSITES MARKET SHARE (VOLUME), BY TYPE, 2013 VS. 2019
FIGURE 24 MARINE COMPOSITES MARKET IS DOMINATED BY GLASS FIBER COMPOSITES
FIGURE 25 GLASS FIBER COMPOSITES MARKET SIZE, BY REGION, 2014-2019 ($MILLION)
FIGURE 26 CARBON FIBER COMPOSITES MARKET SIZE, BY REGION, 2014-2019 ($MILLION)
FIGURE 27 FOAM CORE MATERIALS MARKET SIZE, BY REGION, 2014-2019 ($MILLION)
FIGURE 28 MORE THAN HALF OF THE MARINE COMPOSITES MARKET IS DOMINATED BY POWER BOAT APPLICATIONS
FIGURE 29 MARINE COMPOSITES IN POWER BOAT MARKET SIZE, BY REGION, 2014-2019 ($MILLION)
FIGURE 30 MARINE COMPOSITES IN POWER BOAT MARKET SIZE, BY COUNTRY, 2013 (KT)
FIGURE 31 MARINE COMPOSITES IN CRUISE SHIP MARKET SIZE, BY REGION, 2014-2019 ($MILLION)
FIGURE 32 MARINE COMPOSITES IN CRUISE SHIP MARKET SIZE, BY COUNTRY, 2013 (KT)
FIGURE 33 MARINE COMPOSITES IN SAIL BOAT MARKET SIZE, 2014-2019 ($MILLION)
FIGURE 34 MARINE COMPOSITES IN SAIL BOAT MARKET SIZE, BY COUNTRY, 2013 (KT)
FIGURE 35 REGIONAL SNAPSHOT (2014-2019)—RAPID GROWTH MARKETS ARE EMERGING AS NEW HOT SPOTS
FIGURE 36 JAPAN, SOUTH KOREA and ITALY—ATTRACTIVE DESTINATIONS FOR KEY APPLICATIONS
FIGURE 37 U.S. IS THE KEY MARKET FOR TOP THREE APPLICATIONS OF MARINE COMPOSITES IN NORTH AMERICA (2013)
FIGURE 38 U.S. IS THE LARGEST MARINE COMPOSITES CONSUMER
FIGURE 39 U.S. TO REMAIN THE LARGEST MARINE COMPOSITES CONSUMER (2012-2019)
FIGURE 40 ITALY: MAJOR MARKET FOR TOP THREE APPLICATIONS OF MARINE COMPOSITES IN EUROPE, 2013
FIGURE 41 JAPAN: KEY MARKET FOR TOP THREE APPLICATIONS OF MARINE COMPOSITES IN ASIA-PACIFIC, 2013
FIGURE 42 COMPANIES ADOPTED PARTNERSHIPS, AGREEMENTS, COLLABORATIONS and EXPANSIONS AS KEY GROWTH STRATEGIES OVER THE LAST THREE YEARS
FIGURE 43 HEXCEL and TORAY GREW AT THE FASTEST RATE BETWEEN 2010-2013
FIGURE 44 MAJOR GROWTH STRATEGIES IN MARINE COMPOSITES MARKET, 2011 - 2013
FIGURE 45 YEAR 2012, MAXIMUM DEVELOPMENTS IN MARINE COMPOSITE MARKET
FIGURE 46 REGIONAL REVENUE MIX OF TOP 5 MARKET PLAYERS
FIGURE 47 TORAY INDUSTRIES: BUSINESS OVERVIEW
FIGURE 48 TORAY INDUSTRIES: SWOT ANALYSIS
FIGURE 49 MITSUBISHI RAYON: BUSINESS OVERVIEW
FIGURE 50 MITSUBISHI RAYON: SWOT ANALYSIS
FIGURE 51 HEXCEL CORPORATION: BUSINESS OVERVIEW
FIGURE 52 HEXCEL CORPORATION: SWOT ANALYSIS
FIGURE 53 OWENS CORNING: BUSINESS OVERVIEW
FIGURE 54 OWENS CORNING: SWOT ANALYSIS
FIGURE 55 3A COMPOSITES: BUSINESS OVERVIEW
FIGURE 56 3A COMPOSITES: SWOT ANALYSIS
FIGURE 57 CYTEC INDUSTRIES: BUSINESS OVERVIEW
FIGURE 58 CYTEC INDUSTRIES: SWOT ANALYSIS
FIGURE 59 E. I. DU PONT DE NEMOURS: BUSINESS OVERVIEW
FIGURE 60 E. I. DU PONT DE NEMOURS: SWOT ANALYSIS
FIGURE 61 GURIT HOLDING: BUSINESS OVERVIEW
FIGURE 62 SGL GROUP: BUSINESS OVERVIEW
FIGURE 63 SGL GROUP: SWOT ANALYSIS
FIGURE 64 TEIJIN LIMITED: BUSINESS OVERVIEW
FIGURE 65 TEIJIN: SWOT ANALYSIS

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