North America to Dominate Marine Composites Market until 2025 - TechSci Research
According to TechSci Research report, “ Global Marine Composites Market By Composite Type (Metal Matrix Composites, Ceramic Matrix Composites, Polymer Matrix Composites), By Application (Power Boats, Sailboats, Cruise Ships, Others), By Region, Forecast & Opportunities, 2025 ” , global marine composites market is expected to witness a robust CAGR during the forecast period. Increasing demand for marine composites from the power boats segment because of rising recreational boating market in growing nations across the globe predominantly Europe and North America is one of the major factors accounting for the growth of global marine composites market. Moreover, less weight of composites tends to increase the fuel efficiency, which ultimately leads to better shear resistance of boats owing to high impact strength is further expected to bode well for the growth of global marine composites through the forecast years. In addition to this, new advanced techniques ar...