Product Code: ETC4500506 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The Thailand Marine Composites Market is driven by the marine industry pursuit of lightweight, durable, and corrosion-resistant materials for boat and ship construction. Composite materials, including fiberglass and carbon fiber composites, are increasingly used in hulls, decks, and interior components. As Thailand maritime sector continues to grow, the market for marine composites is expected to thrive.
The Marine Composites market in Thailand is witnessing robust growth, propelled by the increasing demand for lightweight and corrosion-resistant materials in the marine and boatbuilding industries. Marine composites, including fiberglass, carbon fiber, and epoxy resin systems, are gaining prominence for their use in hulls, decks, and other components. The growth of the marine and leisure boating sectors, the rising trend of using composites for performance advantages, and the need for durable and seawater-resistant solutions in Thailand are contributing to the adoption of marine composites. Moreover, the focus on performance-driven boat designs and the innovations in marine composite applications are further propelling the positive trajectory of the marine composites market.
The Thailand Marine Composites market faces challenges related to the durability and performance of composites in harsh marine environments. Developing composites that can withstand corrosive saltwater conditions and UV exposure requires continuous innovation. Economic factors, such as the impact of global trade dynamics on raw material prices, also contribute to market uncertainties. Furthermore, market players must address the concerns of traditionalists within the marine industry who may be hesitant to adopt composites over conventional materials like steel or aluminum.
The Thailand Marine Composites market faced challenges during the COVID-19 pandemic, with disruptions in the marine industry and reduced demand for new vessels. Despite challenges, the market showcased adaptability, driven by the ongoing trend of lightweighting in marine applications. Post-pandemic, the market is rebounding as the marine industry resumes operations, with a renewed focus on advanced composites for boat construction and components. The Thailand Marine Composites market remains integral to supporting the country maritime sector with high-performance and durable materials.
In the Thailand Marine Composites Market, major players have played a crucial role in driving market dynamics. Notable companies in this sector include MarineTech Composites, ThaiMarine Innovations, CompoSea Materials, and AquaCraft Composites.
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 Thailand Marine Composites Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Marine Composites Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Marine Composites Market - Industry Life Cycle |
3.4 Thailand Marine Composites Market - Porter's Five Forces |
3.5 Thailand Marine Composites Market Revenues & Volume Share, By Composite Type, 2021 & 2031F |
3.6 Thailand Marine Composites Market Revenues & Volume Share, By Fiber Type, 2021 & 2031F |
3.7 Thailand Marine Composites Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
3.8 Thailand Marine Composites Market Revenues & Volume Share, By Vessel Type, 2021 & 2031F |
4 Thailand Marine Composites Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Marine Composites Market Trends |
6 Thailand Marine Composites Market, By Types |
6.1 Thailand Marine Composites Market, By Composite Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Marine Composites Market Revenues & Volume, By Composite Type, 2021-2031F |
6.1.3 Thailand Marine Composites Market Revenues & Volume, By Metal Matrix Composite (MMC), 2021-2031F |
6.1.4 Thailand Marine Composites Market Revenues & Volume, By Ceramic Matrix Composite (CMC), 2021-2031F |
6.1.5 Thailand Marine Composites Market Revenues & Volume, By Polymer Matrix Composite (PMC), 2021-2031F |
6.2 Thailand Marine Composites Market, By Fiber Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Marine Composites Market Revenues & Volume, By Glass Fiber, 2021-2031F |
6.2.3 Thailand Marine Composites Market Revenues & Volume, By Carbon Fiber, 2021-2031F |
6.2.4 Thailand Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.2.5 Thailand Marine Composites Market Revenues & Volume, By Aramid, 2021-2031F |
6.2.6 Thailand Marine Composites Market Revenues & Volume, By Natural Fibers, 2021-2031F |
6.3 Thailand Marine Composites Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Thailand Marine Composites Market Revenues & Volume, By Polyester, 2021-2031F |
6.3.3 Thailand Marine Composites Market Revenues & Volume, By Vinyl Ester, 2021-2031F |
6.3.4 Thailand Marine Composites Market Revenues & Volume, By Epoxy, 2021-2031F |
6.3.5 Thailand Marine Composites Market Revenues & Volume, By Thermoplastic, 2021-2031F |
6.3.6 Thailand Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.3.7 Thailand Marine Composites Market Revenues & Volume, By Phenolic, 2021-2031F |
6.4 Thailand Marine Composites Market, By Vessel Type |
6.4.1 Overview and Analysis |
6.4.2 Thailand Marine Composites Market Revenues & Volume, By Power Boats, 2021-2031F |
6.4.3 Thailand Marine Composites Market Revenues & Volume, By Sailboats, 2021-2031F |
6.4.4 Thailand Marine Composites Market Revenues & Volume, By Cruise Ships, 2021-2031F |
6.4.5 Thailand Marine Composites Market Revenues & Volume, By Others, 2021-2031F |
6.4.6 Thailand Marine Composites Market Revenues & Volume, By Cargo Vessels, 2021-2031F |
6.4.7 Thailand Marine Composites Market Revenues & Volume, By Naval Boats, 2021-2031F |
6.4.8 Thailand Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
6.4.9 Thailand Marine Composites Market Revenues & Volume, By Personal Watercraft, 2021-2031F |
7 Thailand Marine Composites Market Import-Export Trade Statistics |
7.1 Thailand Marine Composites Market Export to Major Countries |
7.2 Thailand Marine Composites Market Imports from Major Countries |
8 Thailand Marine Composites Market Key Performance Indicators |
9 Thailand Marine Composites Market - Opportunity Assessment |
9.1 Thailand Marine Composites Market Opportunity Assessment, By Composite Type, 2021 & 2031F |
9.2 Thailand Marine Composites Market Opportunity Assessment, By Fiber Type, 2021 & 2031F |
9.3 Thailand Marine Composites Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
9.4 Thailand Marine Composites Market Opportunity Assessment, By Vessel Type, 2021 & 2031F |
10 Thailand Marine Composites Market - Competitive Landscape |
10.1 Thailand Marine Composites Market Revenue Share, By Companies, 2024 |
10.2 Thailand Marine Composites Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |