| Product Code: ETC5712097 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Estonia continued to see significant imports of marine composites, with top exporting countries being Germany, Sweden, Norway, China, and Poland. The market remained competitive, as indicated by the low Herfindahl-Hirschman Index (HHI) concentration. Despite a slight dip in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period was a robust 13.3%, showcasing sustained interest and demand for marine composites in Estonia. This data suggests a healthy and evolving market for marine composite imports in the country.

The marine composites market in Estonia is growing, driven by the demand for lightweight, durable, and corrosion-resistant materials in the construction of ships, boats, and other marine vessels. Marine composites, which include materials such as fiberglass and carbon fiber, are increasingly used in the marine industry due to their strength-to-weight ratio and resistance to harsh marine environments. As the demand for high-performance vessels grows in Estonia and globally, the marine composites market is expected to continue to expand.
The Estonia marine composites market is driven by the growing need for lightweight, durable, and corrosion-resistant materials in the marine industry. Composites offer advantages over traditional materials, such as reduced weight, improved fuel efficiency, and better resistance to harsh marine environments. As Estonias marine industry develops, the demand for advanced composites in shipbuilding and other marine applications continues to rise. Additionally, the increasing focus on sustainability and reduced carbon footprints further drives the adoption of marine composites.
The Estonia Marine Composites Market faces challenges around raw material costs, performance standards, and market adoption. While marine composites offer lightweight, durable, and corrosion-resistant properties, the high cost of raw materials, particularly carbon and glass fibers, makes production expensive. Moreover, the market faces stiff competition from traditional materials like metals, which may be more familiar to manufacturers. Additionally, there is a need to ensure that marine composites meet stringent performance and safety standards in harsh marine environments.
The government fosters the marine composites market by supporting research in lightweight and durable materials for shipbuilding. Policies include grants for eco-friendly composite development to comply with EU environmental standards.
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 Estonia Marine Composites Market Overview |
3.1 Estonia Country Macro Economic Indicators |
3.2 Estonia Marine Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Estonia Marine Composites Market - Industry Life Cycle |
3.4 Estonia Marine Composites Market - Porter's Five Forces |
3.5 Estonia Marine Composites Market Revenues & Volume Share, By Composite Type, 2021 & 2031F |
3.6 Estonia Marine Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Estonia Marine Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.8 Estonia Marine Composites Market Revenues & Volume Share, By Vessel Type, 2021 & 2031F |
4 Estonia Marine Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable materials in the marine industry |
4.2.2 Growing focus on fuel efficiency and sustainability in shipbuilding |
4.2.3 Advancements in composite materials technology and manufacturing processes |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with marine composites |
4.3.2 Limited awareness and understanding of the benefits of marine composites among potential customers |
4.3.3 Challenges related to the repair and maintenance of marine composite structures |
5 Estonia Marine Composites Market Trends |
6 Estonia Marine Composites Market Segmentations |
6.1 Estonia Marine Composites Market, By Composite Type |
6.1.1 Overview and Analysis |
6.1.2 Estonia Marine Composites Market Revenues & Volume, By Metal Matrix Composite (MMC), 2021-2031F |
6.1.3 Estonia Marine Composites Market Revenues & Volume, By Ceramic Matrix Composite (CMC), 2021-2031F |
6.1.4 Estonia Marine Composites Market Revenues & Volume, By Polymer Matrix Composite (PMC), 2021-2031F |
6.2 Estonia Marine Composites Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Estonia Marine Composites Market Revenues & Volume, By Glass Fiber, 2021-2031F |
6.2.3 Estonia Marine Composites Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.2.4 Estonia Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.2.5 Estonia Marine Composites Market Revenues & Volume, By Aramid, 2021-2031F |
6.2.6 Estonia Marine Composites Market Revenues & Volume, By Natural Fibers, 2021-2031F |
6.3 Estonia Marine Composites Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Estonia Marine Composites Market Revenues & Volume, By Polyester, 2021-2031F |
6.3.3 Estonia Marine Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.3.4 Estonia Marine Composites Market Revenues & Volume, By Epoxy, 2021-2031F |
6.3.5 Estonia Marine Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.3.6 Estonia Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3.7 Estonia Marine Composites Market Revenues & Volume, By Phenolic, 2021-2031F |
6.4 Estonia Marine Composites Market, By Vessel Type |
6.4.1 Overview and Analysis |
6.4.2 Estonia Marine Composites Market Revenues & Volume, By Power Boats, 2021-2031F |
6.4.3 Estonia Marine Composites Market Revenues & Volume, By Sailboats, 2021-2031F |
6.4.4 Estonia Marine Composites Market Revenues & Volume, By Cruise Ships, 2021-2031F |
6.4.5 Estonia Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4.6 Estonia Marine Composites Market Revenues & Volume, By Cargo Vessels, 2021-2031F |
6.4.7 Estonia Marine Composites Market Revenues & Volume, By Naval Boats, 2021-2031F |
6.4.8 Estonia Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
6.4.9 Estonia Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
7 Estonia Marine Composites Market Import-Export Trade Statistics |
7.1 Estonia Marine Composites Market Export to Major Countries |
7.2 Estonia Marine Composites Market Imports from Major Countries |
8 Estonia Marine Composites Market Key Performance Indicators |
8.1 Percentage of marine industry players adopting marine composite materials in Estonia |
8.2 Research and development investment in marine composites technology in Estonia |
8.3 Number of new marine composite product launches in the Estonian market |
9 Estonia Marine Composites Market - Opportunity Assessment |
9.1 Estonia Marine Composites Market Opportunity Assessment, By Composite Type, 2021 & 2031F |
9.2 Estonia Marine Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Estonia Marine Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.4 Estonia Marine Composites Market Opportunity Assessment, By Vessel Type, 2021 & 2031F |
10 Estonia Marine Composites Market - Competitive Landscape |
10.1 Estonia Marine Composites Market Revenue Share, By Companies, 2024 |
10.2 Estonia Marine Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |