Sealants are defined as those materials that are applied to two or more substrates to fill the space between them, thereby restricting the passage of fluids. Sealants are often used to help resist relative movement of the substrates that compose the assembly. The shipbuilding industry comprising commercial shipbuilding, cruise ships & ferry boat building and yachts industry are among the prominent consumers of sealants. Marine sealants serve a diverse set of functions ranging from waterproofing, vibration-damping to insulation.
MARKET DYNAMICS
The marine sealants market has witnessed a significant growth owing to factors such as growth in shipbuilding industry. Moreover, technological advancement through various industrial R&D initiatives, owing to shifting trend for sustainable products will drive the industry size. However, economic down turn along with rising uncertainties regarding shipbuilding regulations for imports and exports may hamper the industry growth.
MARKET SCOPE
The "Global Marine Sealants Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Marine sealants market with detailed market segmentation material, application, type, end user and geography. The global Marine sealants market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Marine sealants market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global Marine sealants market is segmented on the basis of material, application, type and end user. On the basis of material, the global Marine sealants market is divided into silicone, polyurethane, polysulfide, and butyl. On the basis of application, the global Marine sealants market is divided into above water-line sealing, below water-line sealing, deck to hull, window bonding. On the basis of type, the market is divided into cargo ships, tankers, passenger ships, fishing vessel and high speed craft. On the basis of end user, the market is divided into shipbuilding and repair.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Marine sealants market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Marine sealants market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the Marine sealants market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Marine sealants market in these regions.
MARKET PLAYERS
The reports cover key developments in the Marine sealants market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from Marine sealants market is anticipated to lucrative growth opportunities in the future with the rising demand for Marine sealants in the global market. Below mentioned is the list of few companies engaged in the Marine sealants market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Marine sealants market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Adshead Ratcliffe & Co Ltd.
- Bostik S.A.
- Dow Corning Corporation
- Henkel AG & Company, KGaA
- Illinois Tool Works
- RPM International
- SABA
- H.B. Fuller
- Sika AG
- The 3M Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.