DUBLIN--(BUSINESS WIRE)--The "Marine Adhesives Market by Resin Type, Substrate, Vessel, Application, and Region - Global Forecast to 2022" report has been added to Research and Markets' offering.
The marine adhesives market is estimated at USD 371.9 million in 2017 and is projected to reach USD 466.2 million by 2022, at a CAGR of 4.6% from 2017 to 2022.
The market is mainly driven by factors such as increased demand for marine adhesives to bond substrates such metals, plastics, composites in place of conventional fasteners to enable reduction in weight of vessels, rising demand for recreational and passenger vessels from emerging countries, as marine adhesive bonds provide safety, and due to the ease of application, there is an increasing demand for glazing and panels in new ships.
The epoxy segment is expected to lead the marine adhesives market during the forecast period. Epoxy-based marine adhesives have different properties, which include rigid bonding, room temperature or heat cure capability to fill large gaps, and very high strength and chemical resistance. These adhesives offer excellent resistance to oil, moisture, and many solvents. Epoxy resins are one of the most versatile materials available for boat repair and construction.
China has been driving the marine adhesives market not only in the Asia-Pacific but also globally due to the rapid expansion of manufacturing abilities and increasing global orders. The global shipbuilding industry is expected to be led by the Asia-Pacific and particularly by China, South Korea, and Japan during the forecast period due to cheaper wages, strong government backing, and strong forward & backward linkage industries.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Marine Adhesives Market, By Resin
7 Marine Adhesives Market, By Substrate
8 Marine Adhesives Market, By Vessel
9 Marine Adhesives Market, By Application
10 Marine Adhesives Market, By Region
11 Competitive Landscape
12 Company Profiles
- Chemique Adhesives
- Engineered Bonding Solutions
- Gougeon Brothers
- H.B. Fuller
- HYBOND Adhesives
- Hernon Manufacturing
- Illinois Tool Works (ITW)
- Master Bond
- Parson Adhesives
- SABA Dinxperlo
- Scott Bader
For more information about this report visit https://www.researchandmarkets.com/research/28lftr/marine_adhesives