Top 55 Global Companies in Marine Lightweight Composites (2025–2035): Competitive Analysis And Forecast
RELEASE DATE: Sep 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Marine Lightweight Composites Market Size is projected to Grow from USD 3.97 Billion in 2024 to USD 7.28 Billion by 2035, at a CAGR of 7.45% during the forecast period 2025–2035. The Global Marine Lightweight Composites Market is being driven by increased demand for fuel-efficient vessels, severe environmental laws, and advances in high-strength, corrosion-resistant materials that improve vessel performance, durability, and sustainability.
Introduction
The Marine Lightweight Composites Market Size involves the production and use of advanced composite materials that are lightweight, strong, and corrosion-resistant, specifically designed for marine applications to improve vessel efficiency, durability, and environmental sustainability. The growing need for fuel-efficient ships, stricter pollution standards, and developments in composite materials technology are driving the global marine lightweight composites market. In accordance with IMO standards, shipbuilders can reduce vessel weight by using lightweight composites like glass and carbon fibre, which improves fuel efficiency and lowers greenhouse gas emissions. Costlier marine fuel encourages adoption even more. The demand for strong, corrosion-resistant, and adaptable composites has increased in the luxury yacht and recreational boating industries, particularly in North America and Europe. Production efficiency and quality are improved by manufacturing advancements such as automated lay-up processes and resin infusion. Eco-friendly bio-based composites also help achieve sustainability objectives. Because of its resistance to water and UV rays, marine gelcoat, a protective and aesthetically pleasing covering for composite surfaces, is becoming more and more popular. Gelcoat formulation advancements, such as low-VOC alternatives, enhance the longevity and aesthetics of vessels while also helping to comply with environmental regulations. Together, these elements propel consistent market expansion and innovation.
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Marine Lightweight Composites Market Size & Statistics
- The Market Size for Marine Lightweight Composites Was Estimated to be worth USD 3.97 Billion in 2024.
- The Market Size is Going to Expand at a CAGR of 7.28% between 2025 and 2035.
- The Global Marine Lightweight Composites Market Size is anticipated to reach USD 8.6 Billion by 2035.
- Asia Pacific is expected to generate the highest demand during the forecast period in the Marine Lightweight Composites Market
- North America is expected to grow the fastest during the forecast period in the Marine Lightweight Composites Market.
Regional growth and demand
North America is expected to grow the fastest during the forecast period in the marine lightweight composites market. North America is predicted to have the fastest growth in the marine lightweight composites market, owing to rising demand for leisure boating, luxury yachts, and naval defence vessels. The region benefits from expanding disposable income, a robust boating culture, and increased investment in sustainable and high-performance marine technologies. Furthermore, developments in composite manufacturing and a shift towards environmentally friendly, fuel-efficient boats are hastening market expansion in the United States and Canada.
Asia Pacific is expected to generate the highest demand during the forecast period in the marine lightweight composites market. Asia Pacific is projected to lead the marine lightweight composites market, thanks to rapid shipbuilding growth in China, South Korea, and Japan. The region's robust manufacturing base, favourable government policies, and growing investments in maritime logistics and offshore exploration all contribute to increased demand. The focus on fuel efficiency and pollution reduction in vessels accelerates the adoption of lightweight composites, making Asia Pacific the fastest-growing and most in-demand market over the projection period.
Top 10 trends in the Marine Lightweight Composites Market
- Growing demand for fuel-efficient vessels
- Rising adoption of carbon fiber and glass fiber composites
- Expansion of recreational boating and luxury yachts
- Increasing use of bio-based and recyclable composites
- Technological advancements in manufacturing processes
- Surge in offshore energy and exploration projects
- Integration of marine gelcoats for durability and aesthetics
- Government regulations promoting emission reduction
- Customization and premiumization of marine vessels
- Growth in naval defense and military applications
1. Growing demand for fuel-efficient vessels
Lightweight composites reduce vessel weight, significantly improving fuel efficiency and lowering operational costs. As fuel prices rise and environmental concerns increase, marine industries are shifting to lighter materials to meet efficiency targets and reduce greenhouse gas emissions in both commercial and recreational vessels.
2. Rising adoption of carbon fiber and glass fiber composites
Carbon and glass fibre composites provide extremely high strength-to-weight ratios, corrosion resistance, and longevity. These materials are increasingly being utilised in hulls, decks, and masts to improve performance and lengthen vessel life, particularly in high-performance maritime crafts such as racing boats and military ships.
3. Expansion of recreational boating and luxury yachts
Rising disposable income, tourism, and demand for high-performance, aesthetically appealing vessels are fueling the luxury yacht and recreational boating market. Lightweight composites enable sleek, customizable designs while maintaining speed, comfort, and fuel efficiency, making them ideal for premium leisure marine applications.
4. Increasing use of bio-based and recyclable composites
Sustainability is driving the use of environmentally friendly composites manufactured from natural fibres and recyclable elements. These solutions reduce environmental effect without sacrificing performance, allowing manufacturers to meet regulatory norms and consumer expectations for greener, more responsible marine vessel building.
5. Technological advancements in manufacturing processes
Resin infusion, pultrusion, and automated lay-up technologies enable faster and more uniform composite manufacture. These approaches improve structural integrity, reduce labour costs, and allow for the integration of complex geometries, increasing the usage of lightweight composites in modern shipbuilding.
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Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the marine lightweight composites market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 17 Companies Leading the Marine Lightweight Composites Market
- Gurit Holding AG
- Hexcel Corporation
- Toray Industries Inc.
- SGL Carbon SE
- Owens Corning
- Teijin Limited
- Mitsubishi Chemical Corporation
- Cytec Solvay Group
- DuPont de Nemours Inc.
- 3A Composites GmbH
- Huntsman Corporation
- BASF SE
- DIAB Group
- Jushi Group Co. Ltd.
- Saertex GmbH & Co. KG
- Armacell International S.A.
- CoreLite Inc.
- Others
1. Gurit Holding AG
Headquarters: Wattwil, Switzerland
With a focus on lightweight systems for the industrial, wind energy, marine, and aerospace industries, Gurit Holding AG is a world leader in advanced composite materials and technical solutions. Along with comprehensive engineering and manufacturing support, the company provides a wide range of products, such as prepregs, adhesives, resins, and structural core materials. Gurit offers cutting-edge composite solutions for commercial vessels, racing yachts, and high-performance boats in the marine industry. Its focus on sustainability, cost efficiency, and structural integrity drives product development. With a global presence and strong R&D capabilities, Gurit is committed to delivering durable, lightweight, and environmentally responsible materials across various demanding applications.
2. Hexcel Corporation
Headquarters: Stamford, Connecticut, USA
Hexcel Corporation is a leading global producer of advanced composite materials, specializing in lightweight, high-performance solutions for aerospace, defense, and industrial applications. Founded in 1948, Hexcel has a rich history of innovation and excellence in composite technology. The company offers a comprehensive range of products, including carbon fiber, prepregs, honeycomb structures, and adhesives, which are integral to various industries. Hexcel's commitment to sustainability and technological advancement positions it as a key player in the development of next-generation materials that enhance performance and reduce environmental impact. With a global presence and a strong focus on research and development, Hexcel continues to drive progress in the field of advanced composites.
3. Toray Industries Inc.
Headquarters: Tokyo, Japan
Toray Industries Inc. is a world leader in cutting-edge chemicals and materials. The company, which has its headquarters in Tokyo, Japan, focusses on high-performance products for a range of industries, including life sciences, fibres and textiles, plastics, chemicals, and carbon fibre composites. Toray is well known for its carbon fibre technologies, which are used in the automotive, aerospace, and renewable energy sectors. The development of next-generation materials that improve performance and lessen environmental effect is being driven by Toray, which has a strong commitment to sustainability and technical improvement.
4. SGL Carbon SE
Headquarters: Wiesbaden, Germany
SGL Carbon SE is a global leader in carbon-based materials, specializing in graphite, carbon fibers, and composites. With over 140 years of expertise, the company serves industries such as automotive, aerospace, energy storage, semiconductors, and chemicals. Headquartered in Wiesbaden, Germany, SGL Carbon operates 29 sites across Europe, North America, and Asia, employing approximately 4,700 people. In 2024, the company reported sales of USD 1.0 billion. SGL Carbon focuses on sustainable mobility, renewable energy, and digitalization, offering tailored solutions that combine high-temperature resistance, electrical conductivity, and chemical stability.
5. Owens Corning
Headquarters: Toledo, Ohio, USA
Owens Corning is a leading American manufacturer specializing in insulation, roofing, and fiberglass composite materials. Established in 1938, the company operates globally with approximately 19,000 employees across 33 countries. In 2024, Owens Corning reported revenues of $10.98 billion and net income of USD 1.13 billion. The company is the world's largest producer of fiberglass composites and has been a consistent presence on the Fortune 500 list since its inception. Owens Corning is recognized for its commitment to sustainability, innovation, and energy efficiency in building materials.
Are you ready to discover more about the Marine Lightweight Composites market?
The report provides an in-depth analysis of the leading companies operating in the global marine lightweight composites market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes
Company Profiles
- Gurit Holding AG
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Hexcel Corporation
- Toray Industries Inc.
- SGL Carbon SE
- Owens Corning
- Teijin Limited
- Mitsubishi Chemical Corporation
- Cytec Solvay Group
- DuPont de Nemours Inc.
- 3A Composites GmbH
- Huntsman Corporation
- BASF SE
- DIAB Group
- Jushi Group Co. Ltd.
- Saertex GmbH & Co. KG
- Armacell International S.A.
- CoreLite Inc.
- Others
Conclusion
The growing need for sophisticated electronic gadgets and semiconductor production is driving the continuous growth of the worldwide marine lightweight composites market. These composites are essential for improving the manufacturing of microchips and making precise photolithography procedures possible. Long-term investments in R&D, innovation, and quality enhancements continue to propel market expansion despite obstacles including fierce competition and high manufacturing costs. For the creation of next-generation, high-performance, and environmentally friendly electronic technologies, marine lightweight composites are still essential. The market's importance and bright future are further supported by encouraging government initiatives, accelerated digital transformation, and growing applications in the IoT, 5G, and automotive electronics sectors.
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