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.
Marine sealants find applicability for forming an airtight and watertight seal between two or more surfaces. Some products give an adhesive bond and others are used to separate one surface from another against noise, electrolysis, and vibration. These products provide a tough, rubbery consistency, sticking and flexibility to surfaces to prevent air or water from penetrating. This joint is permanently flexible; it can survive some surfaces movement to which they are attached without losing adhesion. Raw materials supply plays a critical role in marine sealant market price trend.
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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.
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. However, it is not compatible with plastic materials and is not recommended to be used if the attached items may have to be segregated in the future.
Butyl rubber glazing tape is usually used in bedding deck hardware where a certain amount of movement is unavoidable. It possesses strong materials compatibility with all caulking product and is suggested for any hardware above the water line. This product is expected to witness significant growth due to its high compatibility and less expensive nature. Since it is the weakest adhesion type and easily affected by other chemicals, it is not recommended to use below the waterline.
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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.
This latest Marine Sealants Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Marine Sealants industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Marine Sealants Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents:
Key Insights in this Report
- Marine Sealants Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Marine Sealants Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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