Press release
Marine Adhesives Market Is Estimated To Increase At 5.2% CAGR By 2033
The global marine adhesives market is estimated to be valued at US$ 3.3 billion in 2023 and it is expected to grow at a CAGR of 5.2% to reach US$ 5.4 billion by the end of 2033.Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Marine Adhesives market. The report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth.
Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the report elaborates the market behavior of each vendor operating in the Marine Adhesives market.
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Key findings of the Marine Adhesives market study:
• Regional breakdown of the Marine Adhesives market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Marine Adhesives vendors in detail.
• Region-wise and country-wise fragmentation of the Marine Adhesives market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Marine Adhesives market.
Key Companies Profiled
• Henkel
• 3M
• Sika
• ITW
• Huntsman
• H.B. Fuller
• Ashland
• LORD Corporation
Competitive Landscape
The marine adhesive market is highly fragmented. Companies are focusing on increasing production capacity to meet the growing demand from various countries due to increasing water sports and recreational activities. For instance, in December 2022, Henkel a global leader in adhesives and sealants increased its production capacity in North Carolina. This is likely to create immense growth opportunities for the marine adhesives market.
Fact.MR has provided detailed information about the price points of key manufacturers of marine adhesives positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Segmentation of Marine Adhesives Industry Research
• By Resin:
o Epoxy
o Polyurethane
o Acrylic
• By Substrate:
o Metal
o Composites
o Plastic
• By Vessel:
o Cargo
o Passenger Ship
o Boat
• By Application:
o Deck System
o Glazing Deck System
o Panel Bonding
o Carpe Adhesives
o Wood Adhesives
o Construction Adhesives
o Vinyl Adhesives
• By Region:
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA
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Queries addressed in the Marine Adhesives market report:
• Why are the Marine Adhesives market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Marine Adhesives market?
• Which regions are displaying the fastest growth in the Marine Adhesives market?
• What are the underlying micro- macroeconomic factors affecting the global Marine Adhesives market?
Why choose Fact.MR?
Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients' requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.
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About Fact.MR
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