Lucintel Forecasts Composite Materials Demand in the Global Boat Market to Grow to $1,355 Million by 2019

Composite materials have revolutionized the boat building process and have set new standards for performance and reliability. Composites materials are used in a variety of applications in the boating industry, such as hulls, decks, interiors, lids, hatches, transoms, stringers, cockpits, and engine parts. Fiberglass is the most common reinforcing material in the boating industry. Uses of carbon and aramid fibers are growing, especially in the racing boat sector and custom yacht manufacturing.

Composite materials’ demand in the global boat market is expected to grow to $1,355 million by 2019. Europe and North America are expected to witness strong growth. Composite materials in the inboard and sterndrive segment are expected to have the highest share in the total boat market. Ashland, Reichhold, AOC, DSM, Owens Corning, PPG,  and Jushi are some of the suppliers of composite materials in this industry.

Lucintel, a leading global management consulting and market research firm, has analyzed the global boat market by segments and has come up with a comprehensive research report, “Opportunity Assessment for Composite Materials in Global Boating Industry 2014-2019.” This report provides an analysis of the global boat market, including analysis of the market trends, competitive landscapes, company profiles, emerging trends, and the key drivers of market growth. The study also includes global boat market forecasts through 2019, segmented by engine types, type of materials, and regions.

This 316-page research report will enable you to make confident business decisions in the global boat market. For a detailed table of contents and pricing information on this timely, insightful report, contact via email at helpdesk@lucintel.com. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Business Diagnostic and Implementation, Industry / Market Analysis and SWOT Matrix. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.

About Lucintel

Lucintel has been in the business for 15 years and has served thousands of clients, ranging from small, emerging organizations to multinational Fortune 500 companies such as 3M, Ashland, Audi, Dow, GE, General Motors, and Momentive. Lucintel is a growth accelerator firm that helps companies with market entry strategies, growth financing, M&A, market research, and strategic consulting services. Let us create a growth roadmap that meets your goals and budget. For further information, visit www.lucintel.com.

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