Global 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
Market Analysis: Global Marine Adhesives Market
The 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.
Market Definition: Global Marine Adhesives Market
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.
- 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
Segmentation: Global Marine Adhesives Market
By Resin Type
- Cargo Ships
- Passenger Ships
- Deck System
- Glazing System
- Panel Bonding
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Rest of MEA
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.
Key Market Competitors: Global Marine Adhesives Market
The key players operating in the global marine adhesives market are –
- 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.
Research Methodology: Global Marine Adhesives Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global marine adhesives market
- Analyze and forecast the marine adhesives market on the basis of the substrate, resin type, vessel and application
- Trends of key regional and country-level markets for the substrate, resin type, vessel and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis