Marine Composites Global Market Report 2023: Rise In Demand for Cruise Ships Bolsters Growth - ResearchAndMarkets.com
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Tuesday, January 10, 2023
The global marine composites market is anticipated to witness robust growth in the forecast period of 2024-2028 due to the growing demand for marine composites from the power boats segment.
Key Points:
- The global marine composites market is anticipated to witness robust growth in the forecast period of 2024-2028 due to the growing demand for marine composites from the power boats segment.
- The demand for marine composites in corrosion-resistant parts for shipbuilding is driving market growth.
- The manufacturing of more cruise ships is anticipated to increase because of the growing number of tourists, which will expand the marine composites market.
- Additionally, the market for marine composites benefits from an increase in investments, rising industrialization, marine transportation activities, and cross-border cargo movement
In this report, Global Marine Composites Market has been segmented into following categories, in addition to the industry trends which have also been detailed below: