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Marine Adhesives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024


Sarasota, FL -- (SBWIRE) -- 06/14/2018 -- Global Marine Adhesives Market: Overview

Marine adhesives also called as the sealant is a mixture of substances which obstruct the flow of fluids between the joined surfaces or openings in materials. It is a type of mechanical seal which blocks passage of fluids. They are used in glass bonding, construction, and decorative applications, in building commercial ships and yacht and in the construction of inflatable boats for military or leisure use. These are often used as substitutes for rivets and welding apart from the traditional methods owing to the improved cost, time, weight and performance. The bonding technique provides a better design space for lightweight ship construction. Marine adhesives are highly durable and have good flexibility which makes them easy to use.

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Global Marine Adhesives Market: Growth Factors

Increased spending on recreation and leisure activities is expected to escalate the growth of the marine adhesives market. Evolving marine tourism is significantly contributing to the growth of recreational boating market and hence the market for marine adhesives. The rising use of marine adhesives for the deck to hull bonding, glass bonding and general purpose bonding along with wood deck caulking and bonding of exterior and interior decorative panels has driven the marine adhesives market significantly. Growing demand for military ships and submarines due to coastal security is also expected to propel the growth of the marine adhesives market.

Global Marine Adhesives Market: Segmentation

The global marine adhesive market is segmented on basis of substrate, type, application, vessel, and region. On basis of the substrate, the marine adhesives market is fragmented into composites, metals, plastics, and others. In terms of type, the marine adhesives market is classified into polyurethane, epoxy, acrylic, and others. On basis of application, the market is divided into glazing, deck systems, panel bonding and others. Based on the vessel, the marine adhesives market is categorized into boats, cargo, passenger, and others. On basis of region, the marine adhesives market is segmented into Europe, APAC, North America, Middle East and Africa and South America.

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Global Marine Adhesives Market: Regional Analysis

Asia-Pacific is expected to be the market leader for marine adhesives owing to the rapidly growing economies like India and China. Due to low-cost production and evolving shipbuilding industry the growth is significant in this region. Increased demand in the passenger ships, military ships, tankers, and submarines is also fuelling the demand for the marine adhesive market. Growing urbanization and expanding industrialization across the globe is also expected to drive the market significantly. The market in North America is significantly growing due to the rapid infrastructural growth and growing demand for adhesives in medical devices.

Global Marine Adhesives Market: Competitive Players

Some of the key market players in global marine adhesives market include H.B.Fuller, Bostik, Sika, Engineered Bonding Solutions, Anabond, Ashland, Master Bond, Parson Adhesives, Gougeon Brothers, Henkel, 3M, and DowDuPont, among others.

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Global Marine Adhesives Market: Regional Segment Analysis

North America
The U.S.
The UK
The Asia Pacific
Latin America
The Middle East and Africa

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