Press release
Marine Adhesives Market Opportunity 2018-2025 by Top Key Players: 3M, DuPont, Permabond Engineering Adhesives, Gurit, Bostik, Sika,
Marine Adhesives Market
Report also Describe Market Past Downstream, Present Growth, and future Demand Opportunity, and Also detailed study of some decisive parameters such as manufacture analysis, size, share, forecast trends, sales, supply, production, demands, industry, and CAGR. The report demonstrates influencing parameters of the market such as application, modernization, product development, and different frameworks & procedures. It also focuses on shifts in the global market.
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Marine Adhesives Market is expected to reach USD 531.2 million by 2025, from USD 371.1 million in 2017 growing at a CAGR of 4.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Marine Adhesives Market Key Competitors:
The key players operating in the global marine adhesives market are –
• 3M,
• DuPont,
• Huntsman International LLC.,
• Henkel AG & Co. KGaA,
• H.B. Fuller Company,
• Bostik, Sika,
• Engineered Bonding Solutions,
• Anabond, Ashland,
• Master Bond,
• Parson Adhesives,
• Gougeon Brothers,
• Henkel,
• WEICON GmbH & Co.KG,
• OLYMPUS CORPORATION,
• Permabond LLC.,
• Mapei Construction Products India Pvt Ltd,
• Gurit,
• LORD Corporation among others.
Marine Adhesives Market Competitive Landscape:
The global marine adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of the marine adhesives market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa
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Market Objectives:
• Increasing penetration of adhesives due to increase in the use of composites as a lightweight material
• Increasing demand from construction sector
• Provide a greater degree of flexibility and permits a considerable degree of movement to the attached surfaces without losing cohesion
• International maritime organization environmental regulation
Marine adhesives are sealants, which provide high bond strength between materials. It gives high strength against UV rays, elasticity and absorbs vibrations. Marine adhesives are highly effective in the exposure of moisture and water. Marine adhesives provide durability, stability and water resistance. These adhesives are widely used in new construction and repair work of water vessels like a commercial boat, cruise ship, ferry boat and other. According to North American Construction, in 2018, the construction sector is expected to grow around 5% higher than 2017. There will be 9% growth experienced by single family, which means there will be growth in buildings/construction and the public building will grow by 6%. According to U.S. Bureau of Labour Statistics, the construction sector will have one of the largest increment in real output and will reach almost USD 1.2 trillion by 2020. These above factors show the growth of the construction sector around the globe, which in turn will drive the demand for marine adhesives.
Marine Adhesives Market Scope:
By Substrate
• Metals
• Composites
• Plastics
• Others
By Resin Type
• Epoxy
• Acrylic
• Polyurethane
• Others
By Vessel
• Cargo Ships
• Passenger Ships
• Boats
• Others
By Application
• Deck System
• Glazing System
• Panel Bonding
• Others
Geography, Marine Adhesives Market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Report Brief Focus On:
Marine Adhesives Market, By Substrate (Metals, Composites, Plastics, Others), By Resin Type (Epoxy, Acrylic, Polyurethane), By Vessel (Cargo Ships, Passenger Ships, Boats), By Application (Deck System, Glazing System, Panel Bonding), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Note: If you have any special requirements, please let us know and we will offer you the report as you want.
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About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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