Emerging Trends in the Global Marine Composites Market

Adoption of Marine CompositesAdoption of Marine Composites

A Global PerspectiveA Global Perspective

Sandeepan Mondal, Industry Analyst

Chemicals, Materials & Foods

18th April, 2013

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Today’s Presenter

Sandeepan Mondal

Industry Analyst – Chemicals, Materials & Foods

Frost & Sullivan

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• Experience in tracking global markets related to polymers, composites,

lubricants, biomaterials in different application sectors such as automotive,

aviation, high speed rail, marine and building and construction

• Involvement in many high-value consulting assignments related to new

product potential, market size estimation and forecasting and competitor

benchmarking

• In my spare time I’m a leading cricket enthusiast , an award winning quizzer

and enjoy travelling, photography and reading.

Focus Points

• Introduction to marine composites

• Three big predictions

• Drivers and restraints affecting marine composites market

• Market size and future growth potential

• Overview of different polymers and fibers used

• Conclusion

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• Conclusion

Three Big Predictions for 2013

2Out-of-autoclave prepregs and closed moulding techniques will make more inroads into marine applications and invite a slew of new product launches

1Unsaturated polyesters and PVC foam cores will be the dominant materials used in the global marine composites market.

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Source: Frost & Sullivan analysis.

2 inroads into marine applications and invite a slew of new product launches as well.

3CFRP growth rate will overshadow that of GFRPs and foam cores. However, CFRPs are still slated to be the smallest segment of the overall marine composites market by 2018.

Drivers and Restraints

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Market Size and Future Growth Potential

Re

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Market Size and Forecasting Demand Scenario of New Boats

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Regional Split of Global Marine Composites Demand

Forecast Assumption: Positive Growth Outlook in Recreational Boat Demand

Europe

Market Share (2011) = 30.2%CAGR (2011-2018)= 3.5%

U.S.ROW

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U.S.

Market Share (2011) = 51.1%CAGR (2011-2018)= 5.2%

Market Share (2011) = 18.7%CAGR (2011-2018)= 3.2%

GlobalCAGR (2011-2018) = 4.3%

Note: ROW stands for “Rest of the World” which includes Canada, Asia, Australia and NZ mainly

Overview of Different Polymers and Fibers Used

Material Type Dominant Material(s) Emerging Materials

Polymers/Resins UPRs and Vinyl Esters Epoxies

Fibres Glass Fibres Carbon Fibres

Foam Core Materials PVC PEI, PMI

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The CEO’s Perspective

2Smaller boats (<24 feet) are expected to lead composites usage.

1Marine composites are likely to expand at a single-digit growth rate..

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3Unsaturated polyesters are likely to dominate the resins used in marine applications.

4Technological advancements are likely to bring down the cost of manufactured parts.

5The consolidation level in the industry is likely to remain stable in the medium term.

Source: Frost & Sullivan analysis.

Next Steps

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Interest in find out more?

Name: Chiara Carella

Head of Corporate Communications -Europe, Israel, Africa

+44 (0) 207 343 8314

[email protected]

Name: Sandeepan Mondal

Industry Analyst

Chemicals, Materials and Foods

(91)80-6702-8070

[email protected]

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