Smaller and Lightweight Boats to Boost the Marine Composites Market Globally

- Emerging trends that will lead to a strong recovery will be analysed in a Frost & Sullivan's web conference

LONDON" April 15, 2013 /PRNewswire/ -- To create lightweight boats has become imperative given the need for lower operating costs and higher fuel efficiency. Therefore, recreational boat manufacturers must focus their efforts on "lightweighting" increasing the incorporation of composites and foam core materials. These materials will help offset some of the weight of the recreational marine crafts and assist OEMs in enhancing fuel efficiency, reducing GHG emissions and decreasing overall material costs over the lifetime of the vessel.

The emerging trends in the global marine composites market will be discussed in Frost & Sullivan's web conference, taking place on Thursday, April 18, 2013 at 3 pm BST. Chemicals, Materials & Food Industry Analyst Sandeepan Mondal willlead a teleconference that will scrutinize the demand scenario in marine composites globally and how different regions are performing in terms of adopting marine composites.

The recreational boat market is struggling to recover from the aftermath of the financial crisis, which resulted in over a 25 percent annual decline in market value and forced many small boat-builders to exit. "In the future, it is unlikely that such a situation will repeat itself, but market recovery will be slower than usual because of consumer caution, lower purchasing power, decreasing margins, and a negative economic outlook", anticipates Sandeepan Mondal.

North American marine composites market will recover faster than Europe due to good rebound in recreational boat demand.

"Growing confidence in the benefits of composites and latest technological advances have led many Tier-I suppliers and OEMs to incorporate higher amounts of GFRPs and CFRPs in marine primary and secondary structures. However, given the less than expected demand over the last 3-4 years, the demand for marine composites is expected to pick-up substantially only after 2014, when new boat production increases considerably ", observes Mr Mondal.

This briefing will benefit component manufacturers, resin and fibre suppliers, and recreational boat OEMs by discussing emerging trends and providing forward projections for the global marine composites market.

To participate in this complimentary briefing, please e-mail Chiara Carella, at [e-mail], with your full name, company name, telephone number, company website, city, and country, and a registration link will be e-mailed to you. You may also register to receive a recorded version of the briefing at anytime by submitting the aforementioned contact details.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.

Our "Growth Partnership" supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

• The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
• The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on "the next big thing"

Register: Gain access to visionary innovation

Contact:
Chiara Carella
Corporate Communications - Europe
P: [phone]
M: [phone]
E: [e-mail]

http://www.frost.com