Epoxy Resin Market in Marine Composites: Size, Share, Trend, Forecast, & Competitive Analysis: 2018-2023

November 25, 2021

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

Epoxy Resin Market in Marine Composites: by Platform Type

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.

Epoxy Resin Market in Marine Composites: by Application Type

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.

Regional Insights

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-

 

• Aditya Birla Chemicals Ltd.
• Hexion Inc.
• Huntsman Corporation
• Olin Corporation
• Sicomin Epoxy Systems
• Wessex Resin and Adhesives Ltd.

 

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

• What are the key trends in the Epoxy Resin Market in Marine Composites?
• How has the market (and its various sub-segments) grown in the last five years?
• What would be the growth rate in next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the Epoxy Resin Market in Marine Composites?
• What is the market share of the top vendors?

 

About Us

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Author : Meha Prasad