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Marine Composites Market is Segmented by Composite type (Metal matrix composite, ceramic matrix composite, polymer matrix composite), Fiber type (Glass fiber, carbon fiber, aramid fiber, natural fiber, others), Resin type (Polyester, vinyl ester, epoxy, thermoplastic, phenolic, acrylic, others), Vessel type (Power boats, sail boats, cruise ships, others) and Region, Global trends and forecast from 2022 to 2029

Marine Composites Market is expected to grow at 5% CAGR from 2022 to 2029. It was valued 4.19 billion at 2020. It is expected to reach above USD 6.50 billion by 2029.

Segment Analysis
Marine composites market is segmented based on composite type, fiber type, resin type, vessel type and region, global trends and forecast.

By composite type the market is segmented into metal matrix composite (MMC), ceramic matrix composite (CMC), polymer matrix composite (PMC). The PMC category is anticipated to dominate the global market because to its many uses and superior qualities in the maritime sector. PMC is better suited for usage in shipbuilding because it has great strength, excellent corrosion resistance, is lightweight, and is impact resistant. The fastest growth throughout the projection period is anticipated at CMC. In 2018, the market sector held 29.04% of the overall market share.


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