Key Marine Composites Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The three main dominant players in the fiercely competitive global marine composites market are manufacturers in the United States, Japan, and Europe. The market leaders, Hexcel and Toray, are growing their global presence through partnerships with ship and yacht builders, mergers, and research and development initiatives. Meanwhile, European players like Gurit and Solvay are investing in lightweight epoxy resins and in recyclable composite technologies. Other manufacturers in regions like India, South Korea, and Australia are also expanding the scope of their niche offerings and marking their regional distribution networks. At the end of the day, sustainability, cost-efficiency, and the optimization of overall performance are the most effective ways to sustain competitive advantage.
Some of the key players operating in the marine composites market are listed below:
Company Name |
Country |
Est. Market Share (2024–25) |
Hexcel Corporation |
USA |
9.3% |
Toray Industries, Inc. |
Japan |
8.7% |
Gurit Holding AG |
Switzerland |
7.8% |
SGL Carbon SE |
Germany |
6.9% |
Owens Corning |
USA |
6.4% |
Solvay S.A. |
Belgium |
xx% |
Huntsman Corporation |
USA |
xx% |
Advanced Composite Structures Australia |
Australia |
xx% |
Hyosung Advanced Materials |
South Korea |
xx% |
Reliance Composites Solutions |
India |
xx% |
Scott Bader Company Ltd. |
UK |
xx% |
JEC Composites (Asia-Pacific arm) |
Malaysia |
xx% |
3B Fibreglass (Braj Binani Group) |
Belgium/India |
xx% |
Here are a few areas of focus covered in the competitive landscape of the marine composites market: