Global Marine Composites Market Growth 2025-2031

Global Marine Composites Market Growth 2025-2031

The global Marine Composites market size is predicted to grow from US$ 1496 million in 2025 to US$ 1979 million in 2031; it is expected to grow at a CAGR of 4.8% from 2025 to 2031.

The marine market is the most deeply penetrated of all end markets served by the composites industry. Yachts, sailboats and other boats use lots of marine composites. For decades, composites have been the material of choice for marine manufacturers to build beautiful and innovative boats, ships, pipes and personal watercraft.

In our report, major marine composite products include glass fiber composites, polymer fiber materials and carbon fiber composites. In this industry, major industry participants are engaged in widening their product portfolio and developing superior quality marine composites to attain sustainability and gain market share.

Global Marine Composites key players include Gurit, Owens Corning, Johns Manville, 3A Composites, etc. Global top four manufacturers hold a share over 20%.

USA is the largest market, with a share over 45%, followed by Europe, and APAC, both have a share over 40 percent.

In terms of product, Glass Fiber Reinforced Plastics (GFRPs) is the largest segment, with a share over 80%. And in terms of application, the largest application is Powerboats, followed by Sailboats, Cruise liner, etc.

LP Information, Inc. (LPI) ' newest research report, the “Marine Composites Industry Forecast” looks at past sales and reviews total world Marine Composites sales in 2024, providing a comprehensive analysis by region and market sector of projected Marine Composites sales for 2025 through 2031. With Marine Composites sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Composites industry.

This Insight Report provides a comprehensive analysis of the global Marine Composites landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Marine Composites portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Composites market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Composites and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Composites.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Composites market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Glass Fiber Reinforced Plastics (GFRPs)
Polymer Fiber Reinforced Plastics (PFRPs)
Carbon Fiber Reinforced Plastics (CFRPs)
Others

Segmentation by Application:
Powerboats
Sailboats
Cruise Liner
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Gurit
Owens Corning
Toray
DuPont
Johns Manville
Hexcel Corporation
Cytec Solvay Group
3A Composites
Future Pipe Industries
SGL Group
National Oilwell Varco
Janicki Industries
Marine Plastics
Jiumei Fiber Glass
PE Composites
Pipe Composites
Aeromarine Industries
Teijin
AGC
Mitsubishi Rayon
PPG
TenCate

Key Questions Addressed in this Report

What is the 10-year outlook for the global Marine Composites market?

What factors are driving Marine Composites market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Marine Composites market opportunities vary by end market size?

How does Marine Composites break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.