Strong demand for high speed boats is expected to drive the global marine composites market over the next six years. Cruise ships, speed boats, sail boats, and power boats manufacturing are the major marine composites applications. Power boat production was the most dominant application in 2013. Carbon fiber composites, glass fiber composites and foam core materials are the key marine composites products. Carbon fiber is presumed to witness rapid growth owing to high demand over the forecast period. Superior properties such as higher fuel efficiency, increased strength and flexibility are presumed to have positive impact on the overall carbon fiber demand. Technological innovations are projected to reduce manufacturing costs, which in turn is expected to further aid the market growth. Rising disposable income along with a rapidly burgeoning leisure market is touted to fuel the global marine composites market.
http://www.grandviewresearch.com/industry-analysis/marine-composites-market
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