According to the latest report by IMARC Group, titled “Marine Composites Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global marine composites market size reached a value of US$ 4.4 Billion in 2020. Marine composites refer to a combination of two or more fibers and resin materials that assist in enhancing the physical and chemical properties of marine components. They are majorly used to attribute proper shape with enhanced strength and improved material properties to the parts. They provide the components with excellent corrosion resistance that enables them to withstand high water pressure at great depths and provide water-tight seals.
Marine Composites Market Report, Size, Trends, Scope, Demand, Share and Forecast 2021-2026
