Global foam core materials market to grow at a CAGR of 6.35% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is the growth in the shipping industry. Maritime transport is vital to the world's economy as more than 90% of the trade is carried out via the sea route. In 2015, the World Trade Organization (WTO) estimated that the seaborne freight accounted for more than 30% of the world transport. In 2015, in terms of volume, the estimated world seaborne trade was 10 billion tons. With the growing globalization, the maritime transport facilitates industrial development by supporting growth in the manufacturing industries, promoting trade integration, and aiding economic growth. In 2015, in terms of volume, dry cargo shipments accounted for a share of more than 70% of the total seaborne trade, while the remaining share was contributed by tanker trade such as crude oil, petroleum products, and gas.
The latest trend gaining momentum in the market is green bonds fueling demand for the market.
Further, the report states that one of the major factors hindering the growth of this market is the economic downturns.
- Schweiter Technologies
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Market Landscape
Part 05: Market Sizing
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Market Segmentation by End-User
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers and Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/rppddp/global_foam_core?w=4