Marine Sealants Market price trends for 2017 & forecast to 2024
Marine Sealants Market size was more USD 6 billion in 2015. Strong construction and transportation growth indicators expected to drive consumption in the coming years. Sealants market demand was estimated at more than 1,750 kilo tons in 2015 and is expected to surpass 2,200 kilo tons over the forecast period.
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Marine sealants market size is anticipated to witness significant growth owing to technology advancement accompanied by increasing trend for more sustainable products. Growth in the shipbuilding industry owing to government support on the export and import sector is likely to positively influence the marine sealants market size.
Growth in the shipbuilding industry is likely to drive marine sealants market size. Shipbuilding market size was upwards of USD 255 billion in 2015 and is predicted to generate revenue of over USD 275 billion, with estimated gains of more than 1.2% from 2016 to 2023.
Applications are categorized into bedding deck and ship, above the waterline sealing, and below the waterline sealing. Each application needs different products which are segmented into polyurethane, silicone, polysulfide, and butyl.
Polyurethane possesses permanent and strong adhesion strength; it can be applied on both above and below the waterline application. This product is recommended for permanent bonding due to its gluing strength. This product is expected to witness notable growth owing to its utility in ship building infrastructure.
Reasons to Buy This Report :
Marine Sealants Market size & forecast by product & application.
Growth drivers, pitfalls & industry challenges.
Marine Sealants Market growth opportunities & emerging business models.
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Marine Sealants Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Marine Sealants Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
4. Marine Sealants Product Insights
5. Marine Sealants Application Insights
6. Marine Sealants Regional Insights
7. Competitor Profiles-
Henkel AG & Company,
Illinois Tool Works Inc,
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Global marine sealants market share is comprised of 3M, Henkel AG & Company, Bostik Ltd., Illinois Tool Works Inc, H.B. Fuller, Avery Dennison, Sika AG, Franklin International, Royal Adhesives & Sealants, and RPM International Inc.
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