Global synthetic fibers market forecast
July 30th, 2021
According to a report by ResearchandMarkets.com, the global synthetic fibers market is expected to reach $85.07 billion in 2025, progressing at a CAGR of 7.39 percent between 2021–2025. The fastest-growing regional market is Asia Pacific due to a rising demand for clothing and an increasing demand for synthetic fibers in the automotive sector as […]
Massachusetts 2022 budget includes marine workforce funds
July 29th, 2021
Massachusetts Governor Charlie Baker recently signed the 2022 state budget, which includes $150,000 in funding for workforce development and career technical education initiatives within the recreational boating industry, according to a press release from the Massachusetts Marine Trades Association (MMTA). The funds were introduced via budget amendments sponsored in the House by Representative William Straus […]
Carbon fiber market outlook
July 28th, 2021
According to a report by ResearchAndMarkets.com, the global carbon fiber market is projected to grow from $3.7 billion in 2020 to $8.9 billion by 2031, at a CAGR of 8.6% between 2020 and 2031. Carbon fibers are popular in aerospace, civil engineering, military and motorsports due to their high tensile strength, low weight and high […]
Wake boating activities restricted along Spokane river
July 23rd, 2021
After three months of public hearings, amendments and strong opposition from the recreational boating community, the Kootenai County Commission in Kootenai County, Idaho, passed an ordinance prohibiting boaters from engaging in activities that create “excessive wakes” by a 2-1 vote, according to the National Marine Manufacturers Association website. The ordinance defines “excessive wake” as “plowing […]
Free boating marketing content available
July 20th, 2021
Discover Boating B2B has free marketing tools and resources available for fabricators to share on their websites and social channels to help drive consumer engagement. These include interactive boat buying tools such as a Boat Loan Calculator and Boat Finder, which can be embedded directly on a fabricator’s website. Other resources include an industry-wide “Get […]
Organic cotton production outlook
July 16th, 2021
According to Textile Exchange’s 2021 Organic Cotton Market Report, 2019-2020 was a record-setting year, with the largest volume of organic cotton fiber harvested globally to-date. In total, 229,280 farmers grew 249,153 metric tons of organic cotton fiber on 588,425 hectares of certified organic land in 21 countries. This represents a four percent growth in fiber […]
RBIEF awards record scholarship funds
July 15th, 2021
The Recreational Boating Industries Educational Foundation (RBIEF) more than doubled the amount of funds distributed this year compared to years past, as qualified applicants express keen interest in careers in the marine industry. The Foundation awarded $18,500 in scholarship funds to 10 students, according to boatingindustry.com. The RBIEF scholarship fund was developed in 1986 by […]
NOAA announces Wisconsin Shipwreck Coast National Marine Sanctuary
July 13th, 2021
The National Oceanic and Atmospheric Administration (NOAA) Office of National Marine Sanctuaries recently announced the designation of the Wisconsin Shipwreck Coast National Marine Sanctuary. The area on Lake Michigan in Wisconsin has been under consideration for national marine sanctuary status since 2014. The sanctuary will make up 962-square-miles in Lake Michigan on the Wisconsin side […]
Global technical textile market outlook
July 9th, 2021
According to a report by ResearchAndMarkets.com, the global technical textile market is expected to grow at CAGR of 8.0% within the forecast period of 2021 to 2029. The demand for textiles is increasing and consumers are expecting higher quality textiles with sustainable properties. These textiles are known for their superior characteristics over their traditional equivalents […]
New powerboat sales remain strong through April
July 8th, 2021
The National Marine Manufacturers Association (NMMA) reports new boat sales remained strong through April, according to the latest New Powerboat Registrations Report. Data shows retail unit sales of new powerboats were up 32 percent on a rolling 12-month (R12M) year-over-year (YOY) basis through April, reflecting the surge in demand and sales over the past year. […]