Last Updated: 23-07-2025 | Format: PDF | Report ID:1930 | Author: Lily
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | Revenue (USD Million) |
| What is the projected market size by 2035? | $3,620 Million |
| What is the market CAGR from 2025 to 2035? | 6.1% |
| Which region dominates the market? | South US (41%) |
| Which product/service type dominates the market? | Glass Fiber Composites (48%) |
| Which application leads the market? | Power Boats (49%) |
| Who are the major buyers? | OEMs (54%), Distributors (19%) |
| What are the key market growth drivers? | Boom in recreational boating and growing investments in advanced leisure craft produced with glass and carbon fiber composites; Regulatory push for fuel efficiency and emissions reduction |
| What are the major market challenges? | High material and production costs compared to traditional marine-building methods; procurement complexities for advanced carbon fiber as highlighted by Teijin Limited’s cost-control initiatives (March 2024); Skilled workforce shortage for advanced composite manufacturing processes |
| What is the forecast period? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| 2026–2035 |
| Who are the key market players? | Owens Corning, Hexcel Corporation, Gurit Holding AG, Toray Industries Inc., Cytec Solvay Group, Mitsubishi Chemical Holdings, SGL Group, 3A Composites, Park Aerospace Corp, Teijin Limited, Huntsman Corporation, Hyosung Advanced Materials, BASF SE, Materion Corporation, AOC Resins and Coatings |
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