Market Forecast By Composite Type (Metal Matrix Composite (MMC), Ceramic Matrix Composite (CMC), Polymer Matrix Composite (PMC)), By Fiber Type (Glass Fiber, Carbon Fiber, Others, Aramid, Natural Fibers), By Resin Type (Polyester, Vinyl Ester, Epoxy, Thermoplastic, Others, Phenolic, Acrylic), By Vessel Type (Power Boats, Sailboats, Cruise Ships, Others, Cargo Vessels, Naval Boats, Jet Boats, Personal Watercraft) And Competitive Landscape
Product Code: ETC4500483 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Brazil Marine Composites Market report thoroughly covers the market by composite type, Â fiber type, resin type and vessel type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Brazil Marine Composites Market has accomplished major success and is forecast to attain more growth in the coming years attributed to the increasing demand for high-performance, lightweight materials in the marine industry. These composites are extensively used in the construction of various marine vessels, including boats, yachts, and naval ships, due to their superior properties such as high strength-to-weight ratio, corrosion resistance, and durability in harsh marine environments.
According to 6Wresearch, Brazil Marine Composites Market size is expected to grow at a CAGR of 6% during 2025-2031. There are many components that are enlarging the growth of Brazil Marine Composites Market such as advances in composite material technologies are enabling the development of more durable, high-performance, and lightweight composites. These innovations are critical in meeting the stringent requirements of the marine industry for vessel performance and durability. Apart from this, increasingly strict global environmental regulations are pushing the marine industry toward sustainable practices, including the adoption of materials that contribute to fuel efficiency and reduced emissions. Marine composites meet these criteria, making them more desirable. In addition to this, supportive government policies and investments in marine infrastructure and vessel procurement programs are significant drivers.
Nonetheless, Brazil Marine Composites Market is facing few restraints such as the high cost of composite materials and the manufacturing processes involved. This can significantly increase the overall cost of marine vessels, potentially limiting their market adoption compared to traditional materials. Apart from this, marine vessels built with composite materials must adhere to rigorous testing and compliance standards. The stringent requirements for certification can lead to increased development time and costs, potentially deterring manufacturers.
Although there are several market players available in Brazil Marine Composites Market, however few of them are having the most of market share. These companies are Owens Corning, Hexcel Corporation, Toray Industries, Gurit Holding AG, Teijin Limited, BASF SE, Mitsubishi Chemical Corporation.
Brazil Marine Composites Market is growing swiftly and government’s regulation and policies are helping in the extension of the market. Significant funding has been allocated toward the enhancement of marine ports, vessel development projects, and research facilities, which has provided a robust platform for the composite market to flourish. Apart from this, the introduction of environmental regulations encouraging the use of sustainable materials in marine manufacturing has spurred innovation in the composites sector. This includes incentives for companies that adopt eco-friendly practices and materials in their production processes.
Brazil Marine Composites Market will get bigger in future quickly attributed to the demand for eco-friendly and lightweight materials is expected to surge, pushing the industry towards greener composites and recycling technologies. Technological advancements, particularly in nanotechnology and bio-composites, are set to revolutionize the manufacturing processes, offering enhanced performance and durability while maintaining environmental sustainability.
According Ravi Bhandari, Head of Research, 6Wresearch, the Polymer Matrix Composite (PMC) segment is expected to grow more in future due to the global trends leaning towards sustainability and high-performance materials.
Carbon Fiber segment is expected to grow more in future due to its unparalleled strength-to-weight ratio is a critical asset in marine engineering, allowing for the construction of lighter, faster, and more fuel-efficient vessels.
Epoxy resin market is expected to grow more in future due to its exceptional qualities, such as superior strength, stiffness, and outstanding moisture and chemical resistance.
Sailboat segment is expected to grow more in future due to a rising interest in recreational sailing and competitive sports, coupled with increasing investment in sustainable and high-performance materials.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Brazil Marine Composites Market Overview |
3.1 Brazil Country Macro Economic Indicators |
3.2 Brazil Marine Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Brazil Marine Composites Market - Industry Life Cycle |
3.4 Brazil Marine Composites Market - Porter's Five Forces |
3.5 Brazil Marine Composites Market Revenues & Volume Share, By Composite Type, 2021 & 2031F |
3.6 Brazil Marine Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Brazil Marine Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.8 Brazil Marine Composites Market Revenues & Volume Share, By Vessel Type, 2021 & 2031F |
4 Brazil Marine Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Brazil Marine Composites Market Trends |
6 Brazil Marine Composites Market, By Types |
6.1 Brazil Marine Composites Market, By Composite Type |
6.1.1 Overview and Analysis |
6.1.2 Brazil Marine Composites Market Revenues & Volume, By Composite Type, 2021-2031F |
6.1.3 Brazil Marine Composites Market Revenues & Volume, By Metal Matrix Composite (MMC), 2021-2031F |
6.1.4 Brazil Marine Composites Market Revenues & Volume, By Ceramic Matrix Composite (CMC), 2021-2031F |
6.1.5 Brazil Marine Composites Market Revenues & Volume, By Polymer Matrix Composite (PMC), 2021-2031F |
6.2 Brazil Marine Composites Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Brazil Marine Composites Market Revenues & Volume, By Glass Fiber, 2021-2031F |
6.2.3 Brazil Marine Composites Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.2.4 Brazil Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.2.5 Brazil Marine Composites Market Revenues & Volume, By Aramid, 2021-2031F |
6.2.6 Brazil Marine Composites Market Revenues & Volume, By Natural Fibers, 2021-2031F |
6.3 Brazil Marine Composites Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Brazil Marine Composites Market Revenues & Volume, By Polyester, 2021-2031F |
6.3.3 Brazil Marine Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.3.4 Brazil Marine Composites Market Revenues & Volume, By Epoxy, 2021-2031F |
6.3.5 Brazil Marine Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.3.6 Brazil Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3.7 Brazil Marine Composites Market Revenues & Volume, By Phenolic, 2021-2031F |
6.4 Brazil Marine Composites Market, By Vessel Type |
6.4.1 Overview and Analysis |
6.4.2 Brazil Marine Composites Market Revenues & Volume, By Power Boats, 2021-2031F |
6.4.3 Brazil Marine Composites Market Revenues & Volume, By Sailboats, 2021-2031F |
6.4.4 Brazil Marine Composites Market Revenues & Volume, By Cruise Ships, 2021-2031F |
6.4.5 Brazil Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4.6 Brazil Marine Composites Market Revenues & Volume, By Cargo Vessels, 2021-2031F |
6.4.7 Brazil Marine Composites Market Revenues & Volume, By Naval Boats, 2021-2031F |
6.4.8 Brazil Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
6.4.9 Brazil Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
7 Brazil Marine Composites Market Import-Export Trade Statistics |
7.1 Brazil Marine Composites Market Export to Major Countries |
7.2 Brazil Marine Composites Market Imports from Major Countries |
8 Brazil Marine Composites Market Key Performance Indicators |
9 Brazil Marine Composites Market - Opportunity Assessment |
9.1 Brazil Marine Composites Market Opportunity Assessment, By Composite Type, 2021 & 2031F |
9.2 Brazil Marine Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Brazil Marine Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.4 Brazil Marine Composites Market Opportunity Assessment, By Vessel Type, 2021 & 2031F |
10 Brazil Marine Composites Market - Competitive Landscape |
10.1 Brazil Marine Composites Market Revenue Share, By Companies, 2024 |
10.2 Brazil Marine Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |