Influence of Implementation of Composite Materials in Maritime Industry on CO2 Emission’s Reduction

Abstract

The future of the composites market looks attractive with opportunities in the transportation, construction, wind energy, pipe - tank, marine, consumer goods, electrical and electronics, aerospace, and others. The composite materials market is expected to reach an estimated $40.2 billion by 2024 and it is forecast to grow at a CAGR of 3.3% from 2019 to 2024. The composite materials that have started to be used in the production of tourist boats, especially those of the yacht type, have proved in practice the designers' expectations for the great advantages they have brought compared to steel. The performance of the new generation ships of this millennium, will require the ever-increasing use of new and innovative materials, to meet the also growing demands of potential buyers of these vehicles. On the other hand, based on the already sanctioned principles of the European Community for the observance of the norms set for CO2 emissions from maritime transport - (Green shipping) in respect of the Kyoto Protocol on Climate Change, it becomes more necessary to produce marine vehicles that significantly reduce the weight of marine vessels, consequently engine power and fuel consumption by significantly reducing CO2 emissions. This study aims to bring a specific analysis of the impact of composite materials to the CO2 emission’s reduction.