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: ETC4500502 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
China marine composites import market saw a significant shift in 2024, with South Korea, Japan, USA, Germany, and Netherlands emerging as the top exporting countries. The market experienced a surge in concentration levels, reaching a very high level compared to 2023. Despite a steep negative CAGR of -42.43% from 2020 to 2024, the growth rate in 2024 alone was an impressive 104.67%. These dynamics suggest a rapidly evolving landscape in the marine composites sector, with key players intensifying their presence in the Chinese market.


According to 6Wresearch internal database and industry insights, the China Marine Composites Market is projected to grow at a compound annual growth rate (CAGR) of 7.3% during the forecast period (2025–2031).
Below mentioned are the evaluation of year-wise growth rate along with key drivers:
| Year | Est. Annual Growth (%) | Growth Drivers |
| 2020 | 3.2 | Steady demand from shipbuilding and coastal infrastructure repair. |
| 2021 | 4.5 | Recovery in yacht and passenger ferry construction post-industry stabilization. |
| 2022 | 5.8 | Expansion of naval fleet modernization and adoption of lightweight hull materials. |
| 2023 | 6.6 | Surge in polymer composite integration in high-performance vessels. |
| 2024 | 7 | Increased export-oriented manufacturing of boats and marine parts. |
The China Marine Composites Market report thoroughly covers the market by composite type, fiber type, resin type, and vessel type. The market report provides an unbiased and detailed analysis of ongoing market trends, opportunities/high growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
| Report Name | China Marine Composites Market |
| Forecast period | 2025-2031 |
| CAGR | 7.3% |
| Growing Sector | Polymer Matrix Composites (PMCs) |
The China Marine Composites Market is expanding rapidly, driven by the adoption of lightweight materials, increasing shipbuilding production, and rising naval modernization investments. Growth in the market is being propelled by technological progress in polymer matrix composites and rising demand for durable, high-performance marine structures. China Marine Composites Market Growth is further accelerated by government-led initiatives encouraging innovation in fiber-reinforced materials and the expansion of domestic manufacturing hubs in coastal provinces like Jiangsu, Zhejiang, and Guangdong, reinforcing China global leadership in marine composite production.
Below mentioned are some growth drivers and their impact on market dynamics:
| Drivers | Primary Segments Affected | Why It Matters |
| Naval & Defense Modernization | Metal & Ceramic Matrix Composites | Enhances strength, corrosion resistance, and durability in naval applications. |
| Growth in Yacht & Passenger Ferry Production | Polymer Matrix Composites | Drives demand for lightweight and high-strength hull structures. |
| Technological Advancements in Fiber Manufacturing | Carbon & Glass Fiber | Improves fatigue resistance and structural performance in vessel components. |
| Expanding Coastal Infrastructure | Polyester & Epoxy Resins | Supports composite use in docks, pontoons, and bridge repairs. |
| Shift Toward Sustainable Materials | Natural & Aramid Fibers | Promotes bio-based composite innovation for eco-friendly manufacturing. |
China Marine Composites Market is expected to grow significantly, with a CAGR of 7.3% during the forecast period of 2025-2031. The China Marine Composites Market is expected to expand consistently, supported by innovations in resin formulation, growing automation in composite production, and significant government support for naval and shipbuilding advancements. The shift toward lightweight and high-strength materials is improving sustainability and operational efficiency. Combined with increased manufacturing capacity and technological progress, these factors are reinforcing China global leadership in advanced marine composite material production and boosting its competitiveness in the international maritime industry.
Below mentioned are some major restraints and their influence on market dynamics:
| Restraints | Primary Segments Affected | What This Means |
| High Production & Processing Costs | Carbon Fiber, Epoxy Composites | Limits small-scale manufacturers’ participation. |
| Complex Manufacturing Processes | MMC & CMC | Requires advanced curing systems and technical expertise. |
| Recycling & Disposal Challenges | Thermoset Resins | Hinders sustainable waste management and reuse. |
| Raw Material Price Volatility | Vinyl Ester & Epoxy | Increases production uncertainty and margin compression. |
| Limited Skilled Workforce | All Composite Types | Slows adoption of automation and precision fabrication. |
Despite the steady expansion of the market for China Marine Composites Industry, they experience challenges related to the high capital needed for modern equipment, limited domestic supply of specialty fibers, and complex technical requirements for curing multilayer of resin, among other challenges also being unable to manage composite waste or to find a significant number of trained personnel to produce high-precision, high-value products in many of their applications. Additionally, SMEs face barriers when trying to scale businesses due to expensive automation systems and stringent Marine quality certification that affects orders.
Some major trends contributing to the development of the China Marine Composites Market are:
Here are some investment opportunities in the China Marine Composites Industry:
Here are some top companies contributing to China Marine Composites Market Share:
| Company Name | China Jushi Co., Ltd. |
| Established Year | 1993 |
| Headquarters | Tongxiang, Zhejiang, China |
| Official Website | Click Here |
A leading manufacturer of fiberglass and composite materials offering E-glass and S-glass fibers widely used in marine and industrial applications.
| Company Name | Sinoma Science & Technology Co., Ltd. |
| Established Year | 2001 |
| Headquarters | Nanjing, China |
| Official Website | Click Here |
Specializes in advanced composites and structural materials used in wind, marine, and aerospace applications, emphasizing eco-friendly production.
| Company Name | Hengshen Co., Ltd. |
| Established Year | 2007 |
| Headquarters | Taicang, Jiangsu, China |
| Official Website | - |
Focuses on carbon fiber and resin composite manufacturing for marine, aviation, and energy industries with strong R&D infrastructure.
| Company Name | Sino Composites Co., Ltd. |
| Established Year | 1998 |
| Headquarters | Shanghai, China |
| Official Website | Click Here |
Produces advanced polymer composites and hybrid reinforcements for shipbuilding, construction, and automotive sectors.
| Company Name | Kingfa Sci & Tech Co., Ltd. |
| Established Year | 1993 |
| Headquarters | Guangzhou, China |
| Official Website | Click Here |
A major supplier of polymer-based composites and thermoplastics for marine structures, emphasizing sustainable and recyclable solutions.
According to Chinese Government data, The Chinese government actively supports the marine composites industry under the Made in China 2025 initiative, fostering innovation in advanced and lightweight materials. The Ministry of Industry and Information Technology (MIIT) promotes domestic production capabilities, while the China Classification Society (CCS) enforces strict certification for ship safety and material performance. Moreover, the National Key R&D Program finances research on bio-based and recyclable composites, aligning the sector with China long-term sustainability, energy efficiency, and green manufacturing objectives across the marine industry.
The China Marine Composites Market is expected to grow consistently, driven by the expansion of shipbuilding activities and a rising focus on sustainable, eco-friendly materials. Increasing exports, advancements in hybrid fiber technologies, and improved domestic supply chains are strengthening industry resilience. Moreover, the adoption of digital manufacturing, simulation software, and robotics is enhancing production efficiency and precision, positioning China as a global leader in innovative marine composite solutions and next-generation lightweight vessel manufacturing across international markets.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ritika Kalra, Senior Research Analyst, 6Wresearch, the Polymer Matrix Composite (PMC) segment holds the largest market share due to its widespread usage in boat hulls, decks, and interior components. PMCs offer excellent corrosion resistance, flexibility, and cost-efficiency, making them the preferred material for both commercial and recreational vessel manufacturing.
The Glass Fiber segment leads the market owing to its high tensile strength, durability, and affordability. It is widely used in shipbuilding, personal watercraft, and ferry construction, providing structural reliability and reduced weight, which enhances fuel efficiency and performance in marine vessels.
The Epoxy Resin segment dominates due to its superior bonding strength, chemical resistance, and compatibility with various fiber reinforcements. It is extensively used in high-performance boats, naval vessels, and composite repair applications requiring structural integrity under dynamic marine conditions.
The Power Boats category accounts for the largest share due to increased demand for lightweight, high-speed recreational and patrol vessels. Composites help reduce maintenance costs and enhance design flexibility, driving strong adoption in both domestic and export-oriented manufacturing sectors.
The report subsequently covers the market by following segments and subsegments:
| 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 China Marine Composites Market Overview |
| 3.1 China Country Macro Economic Indicators |
| 3.2 China Marine Composites Market Revenues & Volume, 2021 & 2031F |
| 3.3 China Marine Composites Market - Industry Life Cycle |
| 3.4 China Marine Composites Market - Porter's Five Forces |
| 3.5 China Marine Composites Market Revenues & Volume Share, By Composite Type, 2021 & 2031F |
| 3.6 China Marine Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
| 3.7 China Marine Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
| 3.8 China Marine Composites Market Revenues & Volume Share, By Vessel Type, 2021 & 2031F |
| 4 China Marine Composites Market Dynamics |
| 4.1 Impact Analysis |
| 4.2 Market Drivers |
| 4.2.1 Growing demand for lightweight and high-strength materials in the marine industry |
| 4.2.2 Increasing focus on fuel efficiency and environmental sustainability in maritime operations |
| 4.2.3 Technological advancements leading to the development of innovative marine composite materials |
| 4.3 Market Restraints |
| 4.3.1 High initial investment and production costs associated with marine composites |
| 4.3.2 Limited awareness and understanding of the benefits of marine composites among end-users |
| 4.3.3 Challenges related to the recyclability and disposal of marine composite materials |
| 5 China Marine Composites Market Trends |
| 6 China Marine Composites Market, By Types |
| 6.1 China Marine Composites Market, By Composite Type |
| 6.1.1 Overview and Analysis |
| 6.1.2 China Marine Composites Market Revenues & Volume, By Composite Type, 2021-2031F |
| 6.1.3 China Marine Composites Market Revenues & Volume, By Metal Matrix Composite (MMC), 2021-2031F |
| 6.1.4 China Marine Composites Market Revenues & Volume, By Ceramic Matrix Composite (CMC), 2021-2031F |
| 6.1.5 China Marine Composites Market Revenues & Volume, By Polymer Matrix Composite (PMC), 2021-2031F |
| 6.2 China Marine Composites Market, By Fiber Type |
| 6.2.1 Overview and Analysis |
| 6.2.2 China Marine Composites Market Revenues & Volume, By Glass Fiber, 2021-2031F |
| 6.2.3 China Marine Composites Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
| 6.2.4 China Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
| 6.2.5 China Marine Composites Market Revenues & Volume, By Aramid, 2021-2031F |
| 6.2.6 China Marine Composites Market Revenues & Volume, By Natural Fibers, 2021-2031F |
| 6.3 China Marine Composites Market, By Resin Type |
| 6.3.1 Overview and Analysis |
| 6.3.2 China Marine Composites Market Revenues & Volume, By Polyester, 2021-2031F |
| 6.3.3 China Marine Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
| 6.3.4 China Marine Composites Market Revenues & Volume, By Epoxy, 2021-2031F |
| 6.3.5 China Marine Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
| 6.3.6 China Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
| 6.3.7 China Marine Composites Market Revenues & Volume, By Phenolic, 2021-2031F |
| 6.4 China Marine Composites Market, By Vessel Type |
| 6.4.1 Overview and Analysis |
| 6.4.2 China Marine Composites Market Revenues & Volume, By Power Boats, 2021-2031F |
| 6.4.3 China Marine Composites Market Revenues & Volume, By Sailboats, 2021-2031F |
| 6.4.4 China Marine Composites Market Revenues & Volume, By Cruise Ships, 2021-2031F |
| 6.4.5 China Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
| 6.4.6 China Marine Composites Market Revenues & Volume, By Cargo Vessels, 2021-2031F |
| 6.4.7 China Marine Composites Market Revenues & Volume, By Naval Boats, 2021-2031F |
| 6.4.8 China Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
| 6.4.9 China Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
| 7 China Marine Composites Market Import-Export Trade Statistics |
| 7.1 China Marine Composites Market Export to Major Countries |
| 7.2 China Marine Composites Market Imports from Major Countries |
| 8 China Marine Composites Market Key Performance Indicators |
| 8.1 Adoption rate of marine composite materials in shipbuilding and repair projects |
| 8.2 Number of research and development initiatives focused on enhancing marine composite technology |
| 8.3 Percentage increase in the use of marine composites in different marine applications |
| 8.4 Environmental impact assessment of marine composite materials in terms of carbon footprint and waste reduction |
| 8.5 Compliance with international standards and regulations for marine composite materials |
| 9 China Marine Composites Market - Opportunity Assessment |
| 9.1 China Marine Composites Market Opportunity Assessment, By Composite Type, 2021 & 2031F |
| 9.2 China Marine Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
| 9.3 China Marine Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
| 9.4 China Marine Composites Market Opportunity Assessment, By Vessel Type, 2021 & 2031F |
| 10 China Marine Composites Market - Competitive Landscape |
| 10.1 China Marine Composites Market Revenue Share, By Companies, 2024 |
| 10.2 China Marine Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
| 11 Company Profiles |
| 12 Recommendations |
| 13 Disclaimer |