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Marine Adhesives Market 2018: Growth Factors Analysis, Top Companies : H.B. Fuller Company, Bostik, Sika, Engineered Bonding Solutions, Anabond, Ashland, Master Bond, Parson Adhesives, Gougeon Brothers, Henkel, WEICON GmbH & Co.KG, OLYMPUS CORPORATION,
Marine Adhesives Market
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Global 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 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.
The key players operating in the global marine adhesives market are –
• 3M
• DuPont
• Huntsman International LLC.
• Henkel AG & Co. KGaA
The other players in the market are 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.
Competitive Landscape: Global Marine Adhesives Market
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 Drivers:
• 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
Market Restraint:
• International maritime organization environmental regulation
Segmentation: Global Marine Adhesives Market
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
Key questions answered in the report:
• What will the market growth rate of Marine Adhesives Market in 2025?
• What are the key factors driving the Global Marine Adhesives Market?
• Who are the key manufacturers in Marine Adhesives Market space?
• What are the market opportunities, market risk and market overview of the Marine Adhesives Market?
• What are sales, revenue, and price analysis of top manufacturers of Marine Adhesives Market?
• Who are the distributors, traders and dealers of Marine Adhesives Market?
• What are the Core Materials Market opportunities and threats faced by the vendors in the Marine Adhesives Market industry?
• What are sales, revenue, and price analysis by types and applications of Marine Adhesives Market?
• What are sales, revenue, and price analysis by regions of Marine Adhesives Market industry?
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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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