Market Size of Marine Composites Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Marine Composites Market Analysis
The market for marine composites is expected to grow at a CAGR of over 4% during the forecast period. A major factor driving the market studied is the increasing production of leisure boats and cruise ships. On the flip side, unfavorable conditions arising due to the COVID-19 outbreak is hindering the growth of the market.
The cruise ship vessel type segment is expected to dominate the global marine composites market over the forecast period.
The North American region represents the largest market. However, the Asia-Pacific region is expected to be the fastest-growing market over the forecast period.
