Sales Of Marine Fender Are Estimated To Register The Fastest Expansion Through 2022
Marine fenders protect ships and berth structures from damage. These fenders give protection to the port and vessels against a collision with other vessels.
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Expansion of seaborne trade is expected to create lucrative prospects for the expansion of marine fenders market, finds Fact MR in a new study. According to the report, the market is expected to gain significant impetus from the launch of pneumatic fenders. Pneumatic fenders have the ability of self-floating and offer lasting durability, which make them ideal for protecting ship hulls, especially during transfer of crude oil from one ship to another.
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Marine fenders are typically used in ports and harbors to prevent ships, boats, and other vessels from colliding against each other or docks. They are commonly referred to as marine bumpers because they act as a cushion, designed to protect naval vessels in the event of collision with another vessel and while coming to rest in ports.
The report offers exhaustive overview of the market covering various growth drivers and restraints. Some of the key takeaways are discussed below.
Key Takeaways from the Marine Fenders Market Report:
The increasing use of marine vessels in navy and offshore wind power installations is expected to be a key driver of the marine fenders market
Manufacturers are working on patenting their technologies due to increasing sale of duplicate marine fenders
Renting pneumatic fenders has become increasingly popular within the industry due to their cost efficiency and better durability and also because they are used only when required, contrary to traditional fenders that are installed in a fixed order
Due to their high life expectancy, rubber fenders will continue to gain traction
Dockyards are likely to exhibit high demand for marine fenders especially since investment in the expansion of port terminals is rising
By End Use:
Market Segment by Regions, regional analysis covers:
South Asia & Oceania
Middle East Africa
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Marine Fender Market: Competitive Landscape
The global marine fender market is highly competitive. Due to the expansion of seaborne trade in the economies, the market is witnessing the entry of several newcomers in the field.
Key players are getting involved in research and development joint ventures with leading R&D companies for developing high-performance fenders to cater to their end use consumers with a more desirable amalgamation of new materials.
For instance, INMARE manufactures marine fenders with E.V.A. compound (Ethylene-vinyl acetate), a non-toxic and eco-friendly material that is UV-resistant, neither stains nor scratches boats. These fenders do not deteriorate in the marine environment, even if left a long time in the water.
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Reasons why you should buy this report:
Understand the Current and future of the Marine Fender Market in both Established and emerging markets.
The report assists in relocating the business strategies by accentuate the Marine Fender business priorities.
The report throws light on the segment anticipated to dominate the Marine Fender industry and market.
Forecasts the regions expected to perceive ascension.
The newest developments within the Marine Fender industry and details of the industry leaders alongside their market share and methods.
Saves time on the entry-level research as the report contains significant data concentrating growth, size, key players, and segments of the industry.
Save time carrying out entry-level research by characterizing the growth, size, major players and segments within the Global Market.
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